Finotec Review

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Finotec
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Overview

Compared to the many other FOREX sites that are racing to grab a share of the online business, Finotec runs with the middle of the pack. Although boasting the best trading platform and support services of any FOREX site, its offerings are similar to those of a number of other companies.

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Details

Broker Finotec
Website URL www.finotec.com
Founded 2001
Headquarters London, UK
Support Number 44 203 514 0406
Support Types contact@finotec.com
Languages English, French, German, Spanish, Italian and Portuguese
Trading Platform Sky Trader, MetaTrader4, Broker / Hedge Fund Managers Trading System, Currenex, FIX API
Minimum 1st Deposit $200
Minimum Trade Amount 0.01 lots
Bonus Refer a Friend and Get Up to $300
Leverage 1:100
Spread Fixed, 3 pips
Free Demo Account Yes
Regulated Yes
Regulation FCA
Account Types minimum deposit: $200 minimum lot size: 10k max leverage: 1:200
Deposit Methods Bank Wire, Credit Cards, Paper Check
Withdrawal Methods Bank Wire, Credit Cards, Paper Check
US Traders Allowed No
Overall Score 3.7

Screenshots

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Full Review

 

Compared to the many other FOREX sites that are racing to grab a share of the online business, Finotec runs with the middle of the pack. Although boasting the best trading platform and support services of any FOREX site, its offerings are similar to those of a number of other companies. It does have is a more consumer look and feel than many larger commercial sites and seems inviting to the beginner. The fact that Finotec is FSA regulated also contributes to its overall impression.

 

Other sites may be more adept at helping the user gain speed on the learning curve, but Finotec helps remove the barriers to market entry. It offers both a demo account, which showcases the company’s Standard platform, and a $200 mini account, which has its own platform. Both of these let the newcomer experience some of the trading action and get acquainted with market conventions, while committing little or no money.

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