FinuTrade Review – Everything you Should Know about the Broker

FinuTrade Review

If you want to trade in the financial markets, it is understood that you will require the services of a broker. FinuTrade is one option you can explore, as it is dedicated to the world of trading. But, you need to check out a FinuTrade review first in order to know everything about them.

It is true that trading in the financial markets has existed for centuries. The concept may not be new, but there have been various changes over the year, some small and some significant. Even in the traditional space, brokers played a very crucial role in facilitating people who wanted to trade different financial instruments. When technological progress occurred and people moved towards the internet for trading, their role and importance did not change. Instead, online brokers were introduced to continue facilitating people and giving them access to the opportunities in the financial markets.

Initially, there weren’t many companies operating in the online trading world, but as people discovered about the low or no barriers to entry and the convenience and benefits of trading online, this number changed. Today, you will find a multitude of companies that have primarily been established for providing trading services to those interested in making fortunes in the financial market. Their goal is to help people in different parts of the world in turning their pipe dream into a reality. You can easily find stories of a number of people who were able to do so.

This has given hope to others and the financial markets have enjoyed heavy traffic, as more and more people join in for taking advantage of the opportunities that can be found. The beauty of online trading is that you can do it from anywhere and at any time and this is all because of online brokers that are ready to provide their services. While this is all good to know, you should also remember that there are some risks here as well. It is true that the number of brokerages has increased twofold, but this doesn’t mean that you can expect quality from all of them.

Of course, like other markets, there are good and bad brokers and you have to distinguish between the two. But, there is also another category and that is of scam brokers. These fraudulent operators have become widespread and you need to be wary of them to ensure you don’t suffer from any less. Along with the success stories in the market, you will also find stories of people who suffered at the hands of these cybercriminals. The best way to ensure it doesn’t happen to you is to know everything you should about a brokerage before taking things forward.

Once you do that, you can rest assured that the company is a good choice and can provide you with everything you need. It can also help you avoid the hassle of having to switch brokers because you were unsatisfied, or did not find them suitable. Amongst the various choices, you will come across FinuTrade, which is based in Mauritius, and is providing trading services to traders all across the globe. But, as mentioned earlier, you need to know what they offer before you make a decision and this is exactly what you should do. Let’s take a close look at FinuTrade:

Broker FinuTrade
Website https://www.finutrade.com/
Minimum Deposit $250
Assets Coverage Forex currency pairs, Stocks, Cryptocurrencies  and Commodities.
Trading Tools Trading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research,  and Risk Management Tools
Education and Training Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research
Customer Support 24/5 support via email address, phone number online contact form and an FAQ section
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company FinuTrade Holdings LTD

The Asset Index

How do you choose a broker to trade with? Everyone will have different priorities, but it is essential to remember that the whole point of using their services is to trade in the financial markets. But, which markets? What instruments are you going to trade? This varies from company to company and it is something you need to know before you sign up anywhere. Why? It is because your choice of trading instruments can affect the profits you make from trading, so you have to make a choice according to your expectations. For instance, if you want to make high profits from trading in a short period of time, you will have to take greater risks and opt for volatile markets, such as forex or cryptocurrencies.

Those who are looking for consistent returns and low risks can opt for commodities and so on. The point is that everyone has different expectations and the instruments they need to trade will vary accordingly. Hence, you should take a look at the asset index of a broker to determine if they are able to offer the instruments you are interested in. There are some companies that choose to specialize in a specific market, such as cryptocurrency, or foreign exchange. You can opt to pick one of these if you want to stick to one market.

However, if you have even basic knowledge about trading, you should understand that diversification is recommended for maximizing your returns from the financial markets. It is helpful in minimizing trading risks and can give returns a boost because your investment is spread across several markets of different nature. Usually, if one market goes down, the other goes up and this can help you in setting off your losses. But, in order to use this strategy, you will need a brokerage that offers you access to multiple markets.

You will find several companies that do claim to offer you this variety, but the problem is that not many of them actually follow through. Many people discover later that only a handful of options are available and this can be disappointing. Rather than finding out later, it is best to check a broker’s asset index before you sign up and this is what you should do in the case of FinuTrade as well. They have also advertised a range of options, but you need to verify this claim. When you do so, you will find that they are indeed offering access to several markets via their platform.

They have given their clients access to some of the world’s leading financial markets, which means that you will have no trouble in diversifying when you sign up here. Some of the markets you can trade in at FinuTrade include the forex, stock, commodities and cryptocurrency market. The best part is that they provide you access to some of the top instruments in these markets, ensuring that you can enjoy the kind of profits you want. Let’s take a look at the options:

Forex

Known as the biggest financial market in the world, the foreign exchange market is brimming with opportunities. You will be able to trade CFDs (Contract for Difference) on a horde of currency pairs via the FinuTrade platform and these include major and minor currency pairs. Some of these options are EUR/USD, GBP/USD, USD/CHF, AUD/NZD and USD/JPY.

Stocks

One of the most well-known financial markets in the world is none other than the stock market and it also has a lot of opportunities to offer. You will find that FinuTrade has added stocks of some of the top companies to allow its clients to maximize their profits. These include names like Tesla, Apple, Nokia, Bumble, Netflix, McDonalds and Spotify.

Commodities

Traders who have a low risk tolerance will also not be disappointed by the offers at FinuTrade because they provide their clients to the commodities market. This is known for its low volatility as the different types of commodities can offer consistent returns. People can choose from energy commodities like crude oil and natural gas, precious metals like gold, silver and copper and agricultural items like wheat, coffee, corn and rice.

Cryptocurrencies

If there is one financial market that everyone is talking about nowadays, it is the cryptocurrency market. These digital currencies have been enjoying a solid boost since last year and this has attracted a lot of attention. Keeping that in mind, some of the top cryptocurrencies have been added by FinuTrade to their offerings and these include Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple.

The Trading Platform

Have you ever thought about how an online broker facilitates trading? The key lies in the trading platform they provide, which is the software that has been designed for this specific purpose. It connects traders to the financial markets, enables them to execute their trades and also provides them access to an array of trading tools that can be useful in enhancing their performance. As this is the primary feature that brokers offer, they are competing with each other to offer the best platform to their clients in order to draw more people.

Not all trading platforms are created equal, as the technology, tools and features can be quite different and at the discretion of the broker. Therefore, you shouldn’t choose a broker without knowing what kind of platform they provide. This can have a direct impact on your trading experience, so it is not something that you can ignore. You will spend most of your time engaging with this feature, which makes it extremely important. Bear in mind that if the platform is slow, or breaks down, you could end up missing out on opportunities, or even make losses because you weren’t able to access the market at the right time.

Some brokers develop their own trading platform, while others offer an existing option in the market. As far as FinuTrade is concerned, they fall in the former category. They have come up with their own trading platform for their clients and they have ensured that it can meet the needs of all kinds of traders. Whether you are a beginner, or an advanced trader, you will find the trading platform provided to you more than suitable. This is due to the fact that they have tried to make it accessible and have not made any compromises in technology or features.

The trading platform available at FinuTrade is the world’s first trading platform that’s powered by AI and you can access it via the browser as it is web based. This is definitely a plus because it means that you don’t have to download or install the platform anywhere and can use it on any device that you have handy. It also means that you don’t have to worry about updating the platform, or maintaining it in any other way. Moreover, the platform doesn’t depend on the performance of the device you are using it on either and this is another advantage.

Apart from that, a web trading platform offers a great deal of flexibility to traders because they can use it on several devices. This means that you can access the FinuTrade trading platform on your desktop PC, laptop, as well as your mobile devices. It allows you to trade on the move and always have control over your account, so you will not miss out on anything. The platform itself is incredibly easy to use because it has been given an intuitive interface for enabling every trader to use it without having to overcome a learning curve.

Considering the advanced trading technology used by the FinuTrade platform, it is capable of delivering personalized trading insights, allowing users to make smart and timely decisions. It also has a hedging mode that can be used, along with a bunch of risk management tools, such as different order types, which can help in managing your trading risk. Other features include price alerts for about 3,000 markets and real-live updates from them as well, helping you stay updated. Other than these features, you will also find analytical tools, tech indicators and advanced charts that can be incredibly useful for every trader.

Account Opening Process

In order to use any online service or platform, you are first required to sign up and this is also applicable with brokers. But, it should be noted that the procedure followed can be different everywhere because there is no established criteria for it. Why do you need to know about it before? It is often important to be familiar with what you will be required to do, so you can be prepared for it. Some companies have some prerequisites, or may ask you to fulfill several steps before they permit you to use their services. It is a given that you would want an easy and quick account opening procedure, but this may not always be the case.

Hence, it is smarter to check the requirements beforehand, so you can speed up the process, or look for a different option altogether. One of the most appealing things about FinuTrade is that their account opening process is simple and fast. They don’t have any such complex steps that will take up your valuable time and annoy you. If you are ready to open an account with them, you need to go to their website and click on the ‘Open Free Account’ option you will see right away.

You will be asked to select an account type from a number of options that have been added for facilitating traders from different backgrounds. Once you have made the selection, you have to go through a registration process and FinuTrade has also kept this fairly quick and straightforward for its clients. It involves filling out a form on their website, which asks for some basic details. These include your first name, last name, and the country of residence, a phone number, an email address and a password.

The last two will be used for helping you access your account on the platform. The process will be complete once you agree with the Terms & Conditions outlined on the FinuTrade website and confirm that you are 18 or above. After completing registration, the next step is to verify your account. This is an extremely important step because this is in accordance with the rules of the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) security policies that are implemented here. It can help in ensuring that no fake accounts can be created by cybercriminals for any illegal purpose, such as financial fraud, money laundering, terrorist financing and identity theft.

You have to submit some documents in the verification process for providing proof of identity and proof of residency. The former entails providing a colored copy of any government-issued identification document, such as an ID card, an international passport, or a driver’s license. The document you submit should clearly show your name, date of birth as well as picture. For proof of residency, you can provide FinuTrade with a bank statement, a utility bill, such as gas, electricity, water, or land-line phone, or a tax bill. You have to ensure that the document is not older than six months and contains your name, date of issue and address.

It is important that all the information on the documents matches that you have provided for registering your account. In case of discrepancies, your account on FinuTrade can be suspended.

Deposits and Withdrawals

After you have verified your trading account, you would want to begin trading right away. But, in order to do that, you have to have funds in your account and this means taking a look at the deposit and withdrawal methods that are supported. Every broker offers unique options and FinuTrade has done the same. You can initiate the process by logging into your account, clicking on the ‘Deposit’ option and then going through the given choices. There are three that you can explore, which are debit and credit cards, including VISA and MasterCard, bank wire transfers and e-wallets, such as Neteller, WebMoney and Skrill.

The deposit time can vary, depending on the method you use. In the case of debit and credit cards and e-wallets, the transactions happen instantly. However, bank wire transfers can take up to 7 business days. You will be pleased to know that FinuTrade charges no commission on deposits, but third parties like banks may have their own fee. The same methods are available for withdrawals as well. FinuTrade is fully aware that people do not like delays when they want to have access to their money. Therefore, they make it a priority to approve withdrawal requests within 2 business days.

The processing time of the transaction will depend on the method you use. One important thing to bear in mind is that you have to use the same method for withdrawing your funds from your trading account on FinuTrade that you use for making your deposits. This is in accordance with the AML policy. Plus, the account or card should also be in the same name used for registering an account on their platform. In case your credit card has expired, you can contact the customer support specialist by sending an email. They will update the details of your card and allow you to conduct your transactions smoothly.

Summary

Other than these aspects, you should also know that FinuTrade offers its clients very impressive trading conditions that help them in making the most of their trading. They can keep their costs low and maximize their returns in this way. In addition, they have also been very attentive towards ensuring the safety of their clients and have implemented advanced measures for minimizing any security risks as much as possible.

They also provide extensive educational support to traders for helping them boost their knowledge and improving their trading strategies. Most importantly, you will also be able to enjoy full use of the excellent customer support FinuTrade offers. Their goal is to achieve 100% customer satisfaction and they have incorporated different channels to ensure their clients can reach out to them when they need any kind of assistance, allowing them to trade easily.

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