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

finotecFinotec 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