Based in London, United Kingdom, Finomarkets is an online financial services provider that offers access to various financial markets across different asset classes, including forex currency pairs, stocks, indexes, cryptocurrencies, commodities, and CFDs. They provide traders with the MT5 and a proprietary trading platform that is available in desktop, web, and mobile versions. The minimum deposit required to start trading is $250.
Pros / Cons
- Advanced trading platforms
- Multiple financial instruments
- Educational resources & trading tools
- Not regulated
- Limited funding methods
- Minimum $250 deposit
- No USA traders
In this detailed Finomarkets 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.
Our #1 Broker 2022
Founded in 2021, Finomarkets is an online retail broker that provides traders with a good selection of educational resources, useful trading tools, and a reliable client support team. Their clients can benefit from various trading conditions, such as low spreads, leverage of up to 1:300, multiple account options, zero commissions, STP execution, and more.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker accepts traders from different parts of the globe, provided that their respective countries of origin allow online trading with international brokers.
Some Finomarkets features and products mentioned within this Finomarkets review may not be available to traders from certain countries because of legal restrictions.
Finomarkets provides traders with the MT5 and a proprietary trading platform. The MT5 is an advanced trading platform that was developed in 2010. The platform is reputed for being one of the choicest trading platforms among forex and CFD traders. The platform is highly customizable and intuitive, boasting a suite of technical and fundamental analysis tools and automated trading capabilities. Some of the essential features of the platform include:
- 30 technical indicators and 24 graphical objects
- 9-time intervals, from one minute to one month
- One-click trading directly from the charts
- Access to Expert Advisors (EAs)
- Live quotes in Market Watch
- Available in desktop, web, and mobile versions.
The broker provides traders with the Finomarkets trading platform; it is a proprietary trading platform that is developed by the broker’s team of fintech experts. This intuitive and scalable platform delivers end-users with a simple, effective, and engaging trading experience. It provides everything traders need to trade forex, CFDs, and cryptocurrencies actively.
Finomarkets Trading Tools
In addition to the built-in tools of the provided trading platforms, the broker makes various standalone trading tools available to help traders get an enhanced trading experience. These useful trading tools include real-time order books, depth charts, and an economic calendar that shows the schedule of future market events and their expected impacts on the financial markets.
Finomarkets provides traders with various educational resources to help them make informed trading decisions. These educational resources include trading guides, daily market analysis, video tutorials, and a financial news section that keeps traders informed on the latest happenings in the financial markets.
The following financial assets are available at Finomarkets: forex currency pairs, stocks, indexes, cryptocurrencies, commodities, and CFDs.
Finomarkets Accounts & Fees
The broker offers various live trading account options to clients. The account types include Silver Account, Gold Account, and Platinum Account. Each account offers personalized analyst, private sessions with analysts every month, weekly reviews of market and financial studies, up to a 100% welcome bonus. The minimum deposit required to start trading is $250.
As broker fees can vary and change, there may be additional fees that are not listed in this Finomarkets review. It is imperative to ensure that you check and understand all of the latest information before you open a Finomarkets broker account for online trading.
All clients’ general, technical, and account-based inquiries are sent to a knowledgeable client support team who are always available and can be reached via any of the following contact channels: telephone and email.
Finomarkets Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank transfers and credit/debit cards.
Finomarkets Account Opening
To open an account, click on the “Sign Up” button on the homepage of the broker’s website and follow the subsequent instructions.
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.
Operating from the United Kingdom, Finomarkets is an online trading broker that allows traders to buy and sell various financial markets via various intuitive trading platforms that are available in desktop, web, and mobile versions. In addition, traders get access to learning materials, helpful trading tools, and a responsive client support team. There are multiple trading account options to choose from, with a minimum deposit of $250. However, there is no regulatory information on the broker’s website at the moment which may be a red flag for potential traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.