FinuTrade Review - Taking a Close Look at this Broker
The financial markets are undeniably lucrative. Who hasn’t heard about people making massive amounts of money from one market or the other? There was a time when you could only envy these people and not even consider the idea of trading yourself because the process was too complex and had a lot of barriers to entry. But, when the concept of online trading was introduced, it changed the entire landscape and opened up the markets for others, courtesy of online brokers. FinuTrade is one of the names you will find and this FinuTrade review is aimed at giving you a look into this broker.
Yes, it is important for you to get to know the broker you plan on using, as they play a prominent role in your foray into the financial markets. It is essential to bear in mind that having the right knowledge, skills and experience is not enough for ensuring your success; you have to have access to a good platform, the right tools and other features and this is what a broker can offer to you. Any mistake or lack can result in a poor trading experience, which everyone wants to avoid. After all, your purpose is to make money and this can depend heavily on the company you engage with.
While there may not be many barriers to entry, the challenge is picking out one broker from the hundreds you will come to see. Due to the popularity of online trading, the number of companies offering their trading services has doubled and this can often overwhelm people. How do you know which broker is the best one for you? Here, you have to have an understanding of your own needs and then consider the services being provided in order to make the right decision. As every trader is different, your choices will also vary, so taking a close look at a broker can pay off in the long run.
This is what you need to do in the case of FinuTrade, a brokerage founded by FinuTrade LLC and headquartered in Belarus. They are regulated in a number of areas and by one of the most renowned regulators in the world, the National Bank in the Republic of Belarus, which adds a layer of trust. They are a popular option nowadays because they appear to offer everything you may need, but you need to check their services and decide if they can fulfill your needs. The following review can be helpful in this regard:
Online trading comes with security risks because there are a lot of cybercriminals active on the internet and they are looking for ways to steal your money, or your personal information. Obviously, you want to avoid both these consequences, which means you need to choose a brokerage that has the necessary features for ensuring this. You will find FinuTrade more than adequate in this aspect because of their regulatory status. As it is regulated, they are compliant with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies.
This means that you have to provide proof of ID (passport, ID card, or driver’s license), proof of residence (credit card or bank statement, or a utility bill like water, gas or electricity), a selfie and proof of payment (front and back photo of your credit card, covering the CVV on the back and the first 12 digits on the front). It allows FinuTrade to verify your account and confirm it is not fake, which is a good way to keep criminals out. Furthermore, they also use full-data encryption to protect all sensitive and confidential information of their clients.
It should also be noted that being regulated brokerage, FinuTrade is a part of a compensation scheme, which ensures that all traders will be compensated if the company goes bankrupt, or shuts down for any other reason. They are also required to maintain segregated customer accounts, which means keep clients’ funds separate and with leading financial institutions to prevent misappropriation and theft.
Trading Instruments Available
Once you know the brokerage is secure, you can look at some of the other aspects, starting with the trading instruments available. These are very important because the instruments you trade at the end of the day will determine just how much profits you make and the kind of risks you take. You will be impressed with the trading instruments available at FinuTrade because they provide you with more than 160 options that belong to some of the top financial markets in the world. It is necessary to note that these instruments are some of the leading options from every market, thereby ensuring profitability.
Moreover, when you have access to such a sheer variety of trading instruments, it gives you plenty of room to diversify your portfolio and this can minimize your risks and maximize your profits. Some of the markets you can trade in at FinuTrade are:
Forex: Known as the world’s biggest financial market, it comprises of numerous currency pairs and FinuTrade gives you the chance to tap into some good ones like EUR/USD, GBP/USD, AUD/CAD, USD/CHF, NZD/USD, EUR/GBP and USD/JPY.
Stock: Another renowned financial market, the stock market offers plenty of opportunities, as you can trade companies like Alphabet, VISA, Apple, Facebook, Adidas, Unilever, AT&T, Barclays Plc. and Moderna Inc.
Indices: If you prefer trading baskets of stocks, you can access the indices market at FinuTrade and they offer you options like UK100, US30, AUD200, USTEC and STOXX50.
Commodities: Traders who want to balance their portfolio can enjoy hard and soft commodities. The former includes precious metals like gold, silver, copper and palladium, while the latter includes agricultural items like wheat, sugar, coffee, corn and rice.
Cryptocurrency: One of the hottest markets these days is that of cryptocurrency and FinuTrade has ensured its clients can get access to some prominent digital currencies like Bitcoin, Litecoin, Ethereum, Dogecoin and Bitcoin Cash.
Have you ever thought about how you will do the actual trading in the financial markets online? This is accomplished through a software that’s known as the trading platform and every online broker gives you access to one. The type of platform differs, due to which your experience with a broker is also different. This platform provides you all the features and tools that are an essential part of trading, so you need to know if you are being provided a good option or not. You don’t want to end up with a platform that’s too difficult to use, or lacking in any way.
You will have access to the MT4 trading platform on FinuTrade and this is an excellent offering because it is known as the top trading platform in the market. This platform is capable of fulfilling the needs of every trader, regardless of whether they are a beginner, or a professional trader. It uses state-of-the-art technology to provide superior trade execution, combined with one click trading. You can download the MT4 on your desktop, but if you prefer not to download, you can use the WebTrader, which is accessible through the browser.
Along with these options, you will find that mobile MT4 trading apps have also been added by FinuTrade for both Android and iOS devices. These allow you to trade on the go and stay connected to the financial markets. No matter which option you choose, you will have access to some of the most advanced trading tools and an easy-to-use interface. There are numerous trading indicators, technical and fundamental analysis tools, trading signals, push alerts, different risk management tools including order types, and Expert Advisors (EAs) that can also be customized.
Like any other online service you wish to use, you will have to register with a broker to start trading. There is no set format that has to be followed here, so every company comes up with their own steps. You need to know exactly what you will be asked to do in order to ensure you can meet the requirements. The good thing about FinuTrade is that they have kept their process simple and uncomplicated. Likewise, you don’t need to spend hours dealing with registration because there is only one form you have to complete.
After you are done completing the registration form, you will be asked to open an account with FinuTrade and this means looking at the choices they have given to you. These vary for every broker, so you should check them out to ensure there is an account you can use comfortably and provides you the appropriate trading conditions. There are four choices provided to you here, which are known as Classic, Silver, Gold and VIP accounts.
These different options are designed to facilitate traders of different backgrounds, such as newbies, beginners, intermediate and professional traders. The trading conditions in each account are unique and FinuTrade offers the most competitive spreads you can find in the market. The account features are also quite impressive because they include a dedicated account manager, trading signals, negative balance protection, access to educational resources and webinars, swap discount and full account overview.
One of the most important aspects of any business is the customer assistance they offer because you don’t want to be left hanging if you have a problem. Signing up with FinuTrade ensures that you don’t have to go through this scenario because they have provided more than adequate assistance to their clients. Being able to find the answers you need promptly is of the utmost importance in the trading world, where things can change within seconds and minutes. Therefore, you will find an FAQ section on their website where they have given answers to a variety of questions.
In case you don’t find a solution there, you can make reach out to the customer assistance team at FinuTrade that comprises of experts who are available 24/7. They can be contacted through different channels, depending on the one you find convenient. You can give them a call if you have something urgent that needs to be address, or can choose to send in an email. Both of these details are given on their website on the ‘Contact Us’ page. You will also find an online contact form that can be completed and sent and their team will reach out to you.
You will also find various payment methods supported at FinuTrade and they have provided their clients with access to in-depth education to help them polish their knowledge and skills. After taking this close look at their services and offerings, you can conclude that it can be a good choice for you and help you trade in the financial markets.