Operating from Cyprus, FinMarket is an online trading broker that provides online Forex and CFD trading services, offering commodities and indices via different sophisticated trading platforms. The broker delivers precise price execution by offering deep liquidity and a fully transparent trading model.
FinMarket Review, Pros & Cons
- Regulated trading brokerage
- An advanced trading platform
- Multiple financial instruments
- A range of useful trading tools
- A good selection of educational resources
- No USA clients
- Not the tightest spreads
- No MetaTrader 5 platforms
- No social trading platform integration
In this detailed FinMarket review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FinMarket is a regulated retail trading broker that provides traders with useful trading platforms and tools, learning materials, and a customer support team to help them trade the financial markets. There are multiple trading account options with a minimum required deposit of $250, spreads from 0.8 pips, and leverage of up to 1:30 available to clients.
FinMarket is a brand owned and operated by K-DNA Financial Services Ltd. and regulated by the Cyprus Securities and Exchange Commission, license number 273/15. Finmarket also complies with MIFID.
Traders from different parts of the world can open a trading account with FinMarket if doing so would not contradict any law or regulation.
Some FinMarket features and products mentioned within this FinMarket review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the MetaTrader 4 trading platform, which has an intuitive but simple user interface that makes it easy for beginners and experienced traders to use. It has charting and analysis capability and combines that with immediate order execution right from the chart. This means traders can get the best available prices with fewer requotes. The platform is available in desktop, web, and mobile versions.
There is also the WebTrader, a cutting-edge and web-based trading platform that gives traders full access to market information from any internet-connected device that supports a web browser. Clients can access the WebTrader to gain unparalleled control over trading decisions and have complete market access at their fingertips without the need to download or install any additional software.
The broker also caters to traders who would want to trade on their mobile devices while on the move by providing them with the Mobile Trader, which is designed to fit all major mobile devices, bringing the sophisticated features of the trading platform to your mobile screen in a user-friendly format. You can use your smartphone, tablet, or iPad to open trades, monitor your investments, and manage your account.
FinMarket Trading Tools
Traders are provided with a range of useful tools to enable them to enjoy a hitch-free trading process. These include Economic Calendar, Daylight Saving Trading Hours, Holiday Trading Hours, and more
The broker’s website contains a selection of educational materials, and they help to improve clients’ trading prowess whilst keeping them in the know on the factors that move the markets. They include trading webinars, daily news, and more.
The broker offers the following trading instruments: Forex, Indices, Commodities, CFDs, stocks, cryptocurrency, and more.
FinMarket Accounts & Fees
FinMarket offers a variety of different trading account options to meet the individual trading needs of clients. They include Silver, Gold, Platinum, Diamond, and Elite Accounts, and the minimum deposit requirements range from $250 on the Silver Account to $250,000 on the Elite Account.
As broker fees can vary and change, there may be additional fees that are not listed in this FinMarket review. It is imperative to ensure that you check and understand all of the latest information before you open a FinMarket broker account for online trading.
FinMarket offers a knowledgeable client support team that can be contacted through telephone, email, Live Chat, online form, and social media.
FinMarket Deposit & Withdrawal
The following payment methods are accepted at FinMarket for both account deposits and withdrawals:
- Bank wire transfer
- Credit/Debit cards
- Online payment processors, such as Neteller, Skrill, GiroPay, and more.
FinMarket Account Opening
Potential traders can open a live trading account with the broker by clicking on the ‘Sign Up’ icon on the broker’s website and filling in the registration form displayed and uploading relevant KYC documents. Once the account is created, the trader can make deposits and start trading.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FinMarket is a regulated trading broker that provides traders with intuitive trading platforms to trade different financial assets. Traders also get access to a range of trading and learning tools, as well as a professional-client support team. There are multiple trading account options to choose from.
Forex, Virtual Currencies, and Contracts for Differences are complex financial derivative instruments that are traded on margin. Trading on Forex, Virtual Currencies, and CFDs on leverage involves a high degree of risk and may not be suitable to all investors. Trading in such financial instruments can result in both, an increase and a decrease in capital. Investors trading in high leveraged instruments may lose all their invested capital. You should not risk more than you are prepared to lose.