FinuTrade Review – Understanding Why it is a Good Broker

FinuTrade Review

Whether you are thinking about starting a career in trading, taking it up as a hobby, or looking for a means of earning some extra income, you need to know that success is not possible without a good broker by your side. Over the years, there have been countless changes in how people trade, with the internet and technology revolutionizing this space much like the others. But, there is one element that has remained constant despite all the advancements and developments and that’s the presence of a broker. You have to understand that the choice of a trading company can end up making or breaking your entire experience and journey.

Everything from your productivity to the profits you take home at the end of the day will depend on this vital decision, which means it is not a decision that you can take lightly. You could end up losing your profits if you opt for a broker that imposes a lot of commission, trading fees and other hidden costs. In contrast, if you are able to find the right one, they will be able to offer you some of the best spreads in the market, allowing you to enjoy high profits in this scenario.

It will not take you long to discover that the market certainly doesn’t have a lack of brokers. There are a lot of options to be found, some new and some with more time in the market. Each of them are making similar claims of offering the best trading services and this can often overwhelm and confuse people. You cannot possibly use every company, so how will you make a choice? Moreover, you have to be careful as well because there could be scammers and fraudsters ready to take advantage and you don’t want to fall for one of those.

You have to sort through these options and find one that can be a good fit for you. One of the choices that fall in this category is FinuTrade. This online broker has been offering its services in the market for more than a decade, and it was established by Xtrade Europe Ltd in Limassol, Cyprus. With them, you can provide a combination of features that every trader needs, whether you are someone who is just starting out in the financial markets or someone who has been around for some time. From their asset index, account types and trading conditions to security, educational resources and support, you can find the answer you are looking for.

If you are still wondering what makes FinuTrade a good broker, let’s take a detailed look at all of its features, services and offerings.

Broker	FinuTrade
Website	https://finutrade.com/
Trading Accounts	4 Account Types; Standard, Premium, Platinum and VIP
Minimum Deposit	$250
Assets Coverage	Shares, Forex, Commodities, Indices and CFDs (Contract for Difference)
Trading Tools	Live Charts, Economic Calendar, Risk Management Tools, Price Alerts, Technical Analysis, Financial News and Daily Analysis videos
Education and Training	Yes; , Glossary, e-books, online video courses, webinars, tutorials and expert sessions
Customer Support	24/6 through live chat, email and phone number
Security Policy	KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company	FinuTrade Holdings Ltd
Regulation	Cyprus Securities and Exchange Commission (CySEC)

• Trading services are properly regulated

Every trading expert will tell you that when you are looking for a broker to start trading, there is nothing more important than taking a look at their regulatory status. Regulation is the next thing you have to a guarantee that you are opting for a company that can be trusted in the long run. It is due to the fact that a regulated firm is one that is monitored by a renowned and reputable financial authority. If they do anything wrong, the regulatory authority will take immediate action against them. This is an assurance that your investment will stay safe and in case of a dispute, the regulatory authority can step in and resolve the problem.

Therefore, when you discover that FinuTrade is a regulated broker, it will most definitely give your confidence a boost because you know that you are opting for a company that can be trusted. It is regulated by one of the world’s most renowned regulators, the Cyprus Securities and Exchange Commission (CySEC) and you can easily verify FinuTrade by looking at their status. Under this regulation, the brokerage is part of the Investor Compensation Fund, which gives peace of mind to traders because they are assured that they will be compensated in case something goes wrong or the company files for bankruptcy. The only losses that you do need to worry about are the ones you will make during the trading process.

• Funds are kept segregated

While regulation by a well-known authority is certainly a good thing, there are a couple of other things that can cement a broker’s image. Sure, the company is regulated, but this doesn’t mean that traders shouldn’t ignore and discount other features because they are also important. You need to ensure that the company you are planning on trusting with your hard-earned money also follows international security standards in keeping them safe. One of these standards is keeping funds in segregated accounts, which means that all trader deposits are kept separate.

This is a feature that you will come across FinuTrade, as it complies with the fund segregation requirement, as is expected of a regulated brokerage. They have separate accounts for their clients and the company’s own capital and cash is kept in different accounts to avoid mixing the up, since this can result in discrepancies and misappropriations, something that everyone wants to avoid. As your funds are kept in segregated accounts, it means they are only used for your trading activities and nothing more.

• Sensitive information is encrypted

There is no doubt that your money is important, but it is not the only thing that you need to be careful of when you are signing up with an online broker. You will be sharing a great deal of your personal and sensitive information when you open a trading account online. When it comes to FinuTrade, they ask you to go through a verification process, as part of their safety measures. You have to provide proof of identity by submitting a copy of your passport with them, which shows your name and your date of birth. Likewise, they also ask you to give proof of residence, which is done through submission of a utility bill, such as water, phone or electricity, or a bank statement.

The purpose is to submit a document that shows your name and address. Lastly, if you intend to use your credit or debit card for making payments via FinuTrade, they also ask you to submit a photo of the card in question as well. All of this is extremely sensitive information and if it ends up in the wrong hands, it can result in disastrous consequences for you. This is where the broker has proven to be very proactive and have opted to use 256-bit SSL (Secure Socket Layer) encryption for keeping all data safe from prying eyes, averting the risk of identity theft or any other problem.

• A trading platform that can be used anywhere

In today’s modern world, people want everything to be convenient and accessible and this is also applicable to the trading platform they use for executing your trades in the market. It is the most vital feature that a broker offers to its clients and it has to be up to the mark in order to deliver an amazing trading performance. Any complaints with the trading platform can ruin the overall experience that traders may have with the broker, so it is not something that should be taken lightly. Initially, companies offered trading platforms that had to be downloaded on desktops and could only be used on the device they were downloaded on.

However, technology has evolved in the last few years and new trading solutions have also sprung up. Now, the desktop platform is not the only solution available and others can also be provided. FinuTrade is well-aware of the changes and has kept up with them to ensure that its clients can find an option that caters to their needs in the ideal way. Therefore, when you take a look at their offerings in the trading platform department, you will be pleased to discover that they have incorporated an online trading platform that’s accessible through the web browser.

This means that you don’t have to download this platform anywhere and can access it on any device that you have with you, as long as it has a web browser. Another appealing feature of FinuTrade’s trading solutions is that they have come up with unique versions for other devices as well. The broker is fully aware that today’s modern traders prefer to use advanced and convenient options and so, they have accommodated them by providing mobile solutions for their Android and iOS devices. Not only can they be used on smartphones, but also on tablets. Hence, you will not have to complain about any compatibility issues because the platform will work smoothly, regardless of the operating system.

Moving on, FinuTrade has ensured that the user-interface of the platform is easy to navigate and doesn’t create a lot of problems. It has been designed in a way to make it easy for beginners and experts to use it. In addition, it has an impressive trade execution speed and can reflect all trades in real time. You can also make use of the one-click trading feature and trade from anywhere and anytime, as per your preference. When it comes to trading tools, you will discover that the platform is not lacking in anyway in this regard either. Some of the leading trading tools in the market have been incorporated on the platform.

You will be able to take advantage of live and interactive charts, trading signals and market indicators, technical and financial analysis tool, an economic calendar for keeping track of events, the latest market news, updates about market trends and other risk management tools as well. You can also get price alerts and other essential information that’s needed for making your decisions.

• The assets available for trading

How much can you earn from trading? The answer to this question will depend on the assets that you trade. While most trading instruments in the market are capable of generating profits, not all of them can do it at the same level. It should also be noted that every brokerage will offer you different combination of assets. It is highly unlikely that you will get the same options everywhere, so you need to know what ones are available for trading before you have signed up. With FinuTrade, you have a horde of options at your disposal and their trading platform can be used for accessing different financial markets easily.

Whether you are interested in precious metals, or it is the stock market that interests you, FinuTrade offers options to cater to all kinds of traders. They give their clients complete freedom to diversify their investment portfolio as per their preference, which enables you to minimize your risks as much as possible and give your profits a good and solid boost. You can start with the forex market and get access to numerous currency pairs that are available. Some of the options that can be explored in this regard include EUR/USD, EUR/GBP, AUD/USD, USD/CHF, GBP/JPY, GBP/USD and USD/JPY.

The stock market is also quite accessible and you can opt for shares of some of the most popular companies in the world, such as Amazon, Google, Apple, Facebook, Netflix, PayPal, VISA and Aurora. The next option that you will find on FinuTrade is that of commodities where you can trade precious metals like gold, silver, platinum and copper, or you can go with energies like crude oil and natural gas. There are also agricultural items like cocoa, corn, wheat and coffee available that can be invested in. Plus, you can explore the category of indices like S&P 500, FTSE, DAX, Dow Jones and NASDAQ. Bonds and ETFs are also options that you can explore via this platform.

• The easy account opening process

If you have spoken to any experienced trader or have done some research, then you are aware that many have faced a problem when signing up with a broker. People complain about having to fill out too many forms, signing contracts or meeting other requirements, which can be a waste of time and are also quite annoying. The good thing about FinuTrade is that it lets you open an account in an easy way and you can skip all the complications. To be able to open an account with them, you have to visit their website and fill out an online form.

The form is easy enough to complete and doesn’t take more than a couple of minutes, as you have to provide very basic information and not many details. You have to mention your first and last name, email address and password, country you are in and a phone number. FinuTrade also requires you to agree with their Terms & Conditions and you should also go over their Risk Disclosure, Conflict of Interest and other information on their website before finalizing the steps. This is for your own ease and protection.

• The accommodating trading accounts you can find

One of the best things about FinuTrade is the trading accounts they have created. As stated before, their platform has been designed for all traders, regardless of what their trading experience may be. Subsequently, they have also come up with a variety of trading accounts to accommodate these different type of traders. It is a given that no two people have the same trading styles and their needs and goals can also vary, which means a different account is required for them. To start with, you will find a demo account on the platform, which is a major perk.

This is because a demo account is basically a practice account that new traders can use for acclimating to the trading markets and getting a firsthand look at how it works before they have invested any real money. As far as experienced traders are concerned, they can use the FinuTrade demo account for testing their trading strategies and for checking out their trading platform before they have decided to use their services. Other than this demo account, you will find four real account choices that have been put together by the company, each of which is for a different kind of trader.

The options begin with the Standard account, one that has been made for newcomers and beginners and it can be opened with a deposit of just $250. The second account choice that you will come across is referred to as Premium and this one is better suited for intermediate traders, as they will be able to make the $1,000 deposit for this account. FinuTrade has added the Platinum account option for advanced traders and they can open this account with just $5,000, which is reasonable enough for them. Lastly, the platform can catered to skilled and professional traders with the VIP account.

This one has the highest minimum deposit requirement of $25,000. Each of the account options that you will find has been equipped with a different set of features to make it useful for traders. You can find customer support in all accounts, but features like personalized trading strategy, daily trends and signals, expert training and access to courses, webinars and more can vary. You can go over the options and choose the best one for your trading needs.

• No worries about commissions

Perhaps, the most problematic aspect of online brokers are the commissions they charge. These tend to increase your trading costs significantly, something that most traders do not appreciate. Hence, it is not surprising that traders prefer to find platforms that charge spreads rather than commissions and this is where FinuTrade comes in. You will be pleased to discover that they have opted to make their profits by charging spreads from their clients instead of subjecting them to different types of commissions.

They have no commissions applicable on your trading volume, and neither do they charge anything on your deposits and withdrawals, which is also a big plus. Rather than doing so, they have chosen to make their profits via spreads and they offer some of the tightest spreads in the market. This means that you will be able to keep your trading costs quite low with FinuTrade and take most of your profits home with you.

• Excellent customer support options

When you are stuck with a problem while using a company’s services or have any questions about their procedure, you would want help immediately. Having to wait for assistance is quite annoying and it can add to your frustration when you cannot find proper channels available for support. With FinuTrade, you will not have such complaints because they offer great customer support options to their clients. First, they have an FAQ section where they give you most of the answers you seek.

In case you don’t find the answer you are after, FinuTrade has given you other channels you can explore. You can try their online chat support that gives an immediate response, or you can also send them an email if you are comfortable that way. A phone number is also available if you prefer that kind of interaction. Their representatives are available 24/6 to answer any questions you may have and resolve any problems you may be facing.

Bottom Line

When you put all of these features together, it is not difficult to figure out why FinuTrade is considered a good and dependable broker for your trading needs. You can enjoy some amazing offerings at this platform and trade in the financial markets of your choice.

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