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Finotec review

Finotec review: regulation (FSA - Financial Services Authority SEC - US Securities and…), minimum deposit 50, leverage up to 1:200, platforms and current…

3.9of 5
Open account
Minimum deposit50
Max. leverage1:200
Spread from1.2
Founded1998

Trading conditions

Broker type
MM
Minimum deposit
50
Maximum leverage
1:200
Minimum spread
1.2
Platforms
MetaTrader 4 (MT4)
Account currencies
USD

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Wire, Credit Card, PayPal
Withdrawal methods
Bank Wire, Credit Card, PayPal

Company

Regulation
FSA - Financial Services Authority SEC - US Securities and Exchange Commission
Founded
1998
Country
United Kingdom
Address
London OfficeFinotec Trading UK Limited107 Cannon StreetLondonEC4N 5AF
Website languages
English
Phone
+44(0)2035145555
Email or Skype
[email protected]

Finotec pros and cons

Pros

  • Regulated by FSA - Financial Services Authority SEC - US Securities and…
  • Low minimum deposit: 50
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account
  • Trading platforms: MetaTrader 4 (MT4)

Cons

  • No no-deposit bonus at the moment
  • Conditions and bonuses can differ by regulated entity

Finotec FAQ

Is Finotec a safe and regulated broker?

Finotec was founded in 1998 and is regulated by FSA - Financial Services Authority SEC - US Securities and Exchange Commission. Client funds are held in segregated accounts. Your protection depends on which Finotec entity opens your account.

What is the minimum deposit at Finotec?

The minimum deposit at Finotec is 50. Payment providers may set their own minimum amount.

What is the maximum leverage at Finotec?

Finotec offers leverage up to 1:200. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does Finotec offer a no deposit bonus?

No. Finotec does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does Finotec offer?

Finotec supports MetaTrader 4 (MT4). Mobile trading is available.

Does Finotec allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does Finotec offer an Islamic (swap-free) account?

Yes. Finotec offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Finotec – NoOpen account