Finotec review Finotec information and promotions
| Company: | Finotec Trading UK Ltd |
|---|---|
| Founded in: | 1998 |
| Online since: | 2001 |
| Offices in: | United Kingom |
| Payment options: | Credit cards, Debit cards and wire transfer |
| Demo Platforms: | Meta Trader 4, Sky Trader |
| Account currencies: | Euro, Great Britain pound, Japanese yen United States dollar |
| Currency pairs: | AUD/CHF AUD/JPY AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/PLN EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/PLN GBP/USD NZD/JPY NZD/USD USD/CAD USD/CHF USD/CZK USD/JPY USD/NOK USD/PLN USD/SEK USD/SGD |
| Regulated by: | FSA (UK) |
| US Traders welcome?: | No |
| Bonus? (detailed): | |
| Website available in (languages): | Arabic, Chinese, English, French, Greek, Polish, Russian, Vietnamese |
| Support available in: | Arabic, Chinese, English, French, German, Hebrew, Italian, Polish, Portuguese, Russian, Spanish, Turkish, Vietnamese |
| Support methods: | Live Chat, Phone, call back, Email. |
| Account Types (micro standard executive islamic): | Mini Account and Standard Account |
| Minimum account size: | $200 |
| Minimum position size: | 0.1 Lot |
| Spread type: | Fixed |
| Minimum spread on EUR/USD, pips: | 0.4 |
| Scalping: | Not Allowed |
| Expert Advisors: | Not Allowed |
| Trading instruments (GOLD; CFD, etc. and the leverage): | Forex |
| Number of currency pairs: | 30 |
| Trading platforms: | Meta Trader 4, Sky Trader |
| Trading by telephone: | |
| Islamic accounts available: | Yes |
| Bonus offers: | Yes |
| Hedging: | Not Allowed |
| Overnight interest rates (swaps): | |
| Trailing stop: | Yes |
| Free education: | Yes |
| Mobile trading: | Yes |
| Browser-based platform: | Yes |
Finotec is a Forex trading company which was established in the year 1998 and has been online since 2001. The reliability of the company is supported by the fact that it is regulated by FSA, a regulatory agency of the United Kingdom. They offer demo account as well as mini account in which the minimum deposit amount is just $200 and hence allows the traders to know about the trading market conventions when they are spending little or no money. The demo account uses the platform of the Standard account which requires a deposit of $10,000 in euros, USD, Yen and Britain Pound. In demo account they are given $100,000 as virtual money to do the trade.
Finotec gets money by charging a spread of 3 pips which is also charged by most of the companies and is less than many other countries. For the traders who look to diversify their trade can also go for option trading offered by the company along with Forex and CFD trading. Their standard account gives accessibility to all the resources and the markets and to register you just need to follow three quick and easy steps. However, if you register to the mini account it is a lengthy process and as for registration it requires identity proof or Passport Id and SSN or social security number. Also you need to agree with an user agreement with the company which is very lengthy. After you have put all the information you either will be directed to the fund account or to the confirmation panel. Only after your account is confirmed with the company you can start the activities. The account can be funded using credit cards, debit cards or through wire transfer. With Finotec you can trade with 30 currency pairs. It does not allow trades from United States of America.» Sign up now