FinuTrade Review – Is this Broker the Right Fit for You?
This FinuTrade review provides you with detailed information about the broker that can help you decide if it will be the right platform for you to begin your journey into the financial markets.
Online trading has become one of the longest and biggest trends in the world and why shouldn’t it? The possibility of being able to make massive profits within a short span of time and from the comfort of your home, or elsewhere, appeals to everyone. The cherry on top is that you don’t need to have piles of money to do so and neither do you have to work round the clock. Considering these benefits, it is not surprising that online trading has become all the rage nowadays and there are many people who have jumped into this arena to take advantage of it.
As a matter of fact, the global coronavirus pandemic only gave people even more incentive to try out their luck in the financial markets. If you have also decided to venture into this space, then you would obviously want to know how to get started. The good news is that even after transitioning to the online world for the most part, some of the essential elements of trading have remained the same. One of the most vital one is that of a broker, who have always been part of the financial markets. Even before trading went online, they were an essential part of the process and now they can be found operating online as well.
Thus, in order to get started, you have to find a broker first because they will unlock the doors for you and give you access to the markets you want. How do you go about finding one? You do it the same way you do everything else; run a Google search. But, the results come as a shock because there are hundreds of them that can be found and this creates a big dilemma. How do you pick one? Every broker you come across will boast about their amazing services, but you cannot just take their word for it. If you do some research, you will come to know that the market is also quite risky, and no, not just trading risky.
There are scammers and fraudsters roaming on the internet and they have made their way into the financial markets as well. They often pose as brokers to trap and exploit people, so you have to be wary. Even if the broker you come across is not a scam, it doesn’t mean it will be able to fulfill your trading needs. Everyone has different expectations and priorities, so what works out for one may not suit the other. Hence, your goal should be to find a broker that is the right fit for you. This means considering your own priorities and then taking a look at what they offer.
As there are numerous choices in the market, people often become overwhelmed and are unsure of how to make a decision. You will also come at this point and the best way to go about it is to match your priorities to the broker’s offerings. You can do the same with FinuTrade, which is one of the brokers that have been introduced in the last few years. Established in Mauritius, they have made up for their lack of experience by providing quality services and garnering a lot of attention from traders all over the globe. This CFD (Contract for Difference) broker offers unique and innovative trading solutions that can meet the needs of traders of different levels and backgrounds.
Nevertheless, you need to check it out to ensure it will be the right fit for you or not. You can go over this FinuTrade review to do so:
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies and Commodities.|
|Trading Tools||Trading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research|
|Customer Support||24/5 support via email address, phone number online contact form and an FAQ section|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||FinuTrade Holdings LTD|
FinuTrade’s Trading Instruments
How will you know if a broker is a right fit for you or not, without looking at their trading instruments? Aren’t they the primary attraction in the financial markets? If it weren’t for trading instruments, no one would be able to make any money. Thus, when you have to decide whether a platform is suitable for you, or not, you should take a look at the assets they are offering to you for trading. This is important for several reasons. First off, you should remember that the instruments are not the same everywhere. As there are hundreds of thousands of instruments that can be found in different financial markets, it is at the discretion of a broker to decide which one to offer to you.
You will come across some that prefer to focus on one financial market alone and offer variety in that particular market. There are also brokers that offer only a handful of options from a couple of markets and keep their instrument index limited. Likewise, there are also companies that offer a plethora of instruments from different markets in one place to allow their clients to diversify their portfolio as much as possible. Since every trader has a different trading style, risk appetite and capital, they can choose a broker accordingly.
This is an important decision for you to make because you don’t want to switch brokers repeatedly only because you didn’t think things through. If it is a particular market that has caught your interest, you should look for a broker that specializes in that market alone and can offer you everything you need for trading in it. If you want only the top options from a few markets, you can look for brokers that give limited options, or you can go with the third choice and diversify your investment for minimizing the trading risks.
You will find FinuTrade in the last category, as their platform gives you access to more than 3,000 financial markets and you can take full advantage of diversification for keeping your risks under control. As a matter of fact, you will be able to trade in some of the world’s leading and renowned markets and they have ensured that you get to choose from the best options in each that can help you achieve your financial goals. Take a look at some of the options they have given:
If there is one financial market that has developed a reputation for helping people make solid returns, it is the stock market. It allows people to trade shares of the world’s biggest and most popular companies and FinuTrade has added some of the top names, such as Tesla, Amazon, Boeing, Netflix, Apple and Google to its options.
The daily trading volume of the forex currency market is more than $5 trillion, which indicates its popularity. There is a lot of money to be made here and FinuTrade ensures that you can trade both major and minor currency pairs. The options you can check out include EUR/USD, USD/CHF, GBP/USD, AUD/NZD and EUR/GBP.
One of the oldest financial markets, which is known for providing consistent profits to people is the commodities market. There are different types of commodities that people can trade, such as hard commodities and soft ones. You will find energy commodities on FinuTrade including natural gas and crude oil. In hard commodities, you will come across precious metals, such as gold, silver, copper and platinum, while soft commodities include agricultural products like wheat, coffee, rice and sugar.
Digital currencies have become the next big thing and no one could have imagined it would turn out so. Yet, this market is enjoying a lot of traffic nowadays and so, you will find some of the most renowned cryptocurrencies available at FinuTrade including Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple and Monero.
FinuTrade’s Registration Prerequisites
After you have checked out the trading instruments offered by the broker and you have found them to your liking, you should look into their registration prerequisites. This is to ensure that you will be eligible for opening an account with them and will not have to deal with any complex requirements or lengthy procedures that can be quite annoying. Indeed, some brokers do have such steps and require their potential clients to jump through a lot of hoops for registering with them. Likewise, some platforms cater their services to a specific category of traders and their registration procedure can vary accordingly.
You need to be aware of what you will have to do, so you can be prepared beforehand and get it done with quickly in order to start trading. No one wants to have to deal with any delays, especially when they know there are opportunities in the market they could be taking advantage of. You also don’t want to become too frustrated and just give up on completing the process altogether, which some people do end up doing. Fortunately, you will find that FinuTrade hasn’t made their procedure complicated, or time consuming for that matter.
They are providing their services to traders from all categories and backgrounds, so they have kept the process simple and easy for everyone. You can begin the process by visiting the FinuTrade website and clicking on the ‘Open Free Account’ option you will find there. Indeed, there is no registration fee applicable and this is definitely a bonus. You will be given account options to choose from, which you can do quickly and then you begin registering. There is an online form that you have to fill out and this will not take you more than a few minutes.
The form doesn’t ask for any excessive information and you only have to provide a few basic details. These include your first name, last name, email address and password, along with your country and phone number. Next, you have to agree to the Terms & Conditions set forth by FinuTrade and confirm that you are at least 18 to sign up. As soon as you do so, you will be registered on their platform right away. But, you should bear in mind that your account needs to be verified for you to be able to make withdrawals on the platform.
This is in accordance with the security policies of AML (Anti-Money Laundering) and KYC (Know-Your-Customer), which are implemented by FinuTrade on its platform. These policies dictate that traders have to give proof of identity by submitting a colored copy of a government-issued form of ID, such as national ID card, passport, or driver’s license. It should show your name, date of birth and your picture. You also have to give proof of residency through a utility bill, like gas, water, electricity or land-line phone, tax bill, or a bank statement. It should have your name, address and the date of issue mentioned, which shouldn’t be longer than six months.
As long as the data is the same as that you have shared for account registration, your account will be verified quickly and you will have no trouble in using FinuTrade’s services and trading in the financial markets.
FinuTrade’s Trading Solution
If there is one crucial service offered by an online broker, it is the trading software they provide to their clients. How else will people be able to connect to the financial markets and buy and sell any instruments? They are able to access the markets and execute their trades because a broker provides them with a proper trading platform to do so. There is no one platform that you will find everywhere; this feature is often used to distinguish between different brokers. Your experience and trading performance can depend a great deal on this aspect, so you have to ensure it is the right fit.
For instance, if the platform is too complex and cannot be navigated easily, you will not be able to use it properly and might miss out on opportunities. Similarly, if the platform doesn’t have the right tools, or its technology is outdated, you will encounter technical issues and may not be able to make quick and right decisions. Rather than making compromises in this aspect, you should ensure that the broker you are choosing can fulfill your needs in this regard.
The trading solution that FinuTrade has developed for its clients undoubtedly leaves an impression because, even though it is a web based platform, it has something unique to offer to its users. The platform is powered by AI technology, which allows it to provide personalized trading insights to any trader using it. This can help them in making smart decisions and enjoy the trading opportunities that present themselves. One of the best things about it is the user-friendly and intuitive interface, which makes it very easy to use for everyone.
It is not complex to navigate, despite the sophisticated technology. Trade execution is lightning fast and traders can enjoy regular live updates and price alerts of more than 3,000 financial markets. There are advanced charts available, along with graphs and other analytical tools. Tech indicators can also be found and there is a hedging mode that can be used. Risk management tools have also been added by FinuTrade for helping their clients in mitigating their risks as much as possible.
As it is a web trading platform, you don’t have to download it anywhere and neither do you have to worry about installation. This allows you to enjoy flexibility with FinuTrade’s platform because it can be used on any device that supports a web browser. You can use it on your desktop, or your mobile devices that allow trading on the move and can help you tap into any and all trading opportunities.
FinuTrade’s Payment Options
To begin trading on any platform, you will be required to make a deposit first because you need money to buy and sell any instrument. This is expected, but the question is figuring out how you can make this deposit. Payment options are usually given by a brokerage for this purpose and this is where you have to be attentive because the same ones are not provided. You need to make sure that the options available are safe and accessible enough for you to use them. You don’t want to get stuck when you have to add money, or withdraw your funds later on.
This can be extremely frustrating because you want to have complete control of your money at all times. As FinuTrade is catering to all kinds of traders, they have made an effort to add an array of payment options that can suit everyone. Their goal is to provide every trader with a convenient way to deposit and withdraw their money and not have to go through a lot of stress. They give you the chance to use the traditional bank wire transfer option, which may take seven business days to process, but offers a great deal of security.
If you are a modern trader and prefer faster solutions, you will be able to use debit and credit cards, including both Visa and MasterCard. E-payment options have also been added by FinuTrade to help their clients in adding and withdrawing money. These include Skrill, Neteller and WebMoney, which are all quite reputable and very fast as well. Deposits via these methods are made instantly and there is no waiting time involved. However, you should bear in mind that withdrawal requests that are submitted will take at least 2 business days for approval, regardless of what method you choose.
In addition, AML policies dictate that you use the same method for making your deposits and withdrawals, at least for the amount of money invested. As long as your FinuTrade account is verified as per the policies, you will not have any problems in conducting your transactions.
FinuTrade’s Customer Care
You cannot decide if a broker is the best fit for you or not without taking a look at their customer care options. Online trading can also come with technical challenges and there are other questions or queries that you may have about a broker during the trading process. There isn’t a store that you can visit to get help in this case, so you have to rely on the broker to provide you a way to get in touch with them in order to find your solution. Not every company may make this a priority and this can lead to a poor trading experience.
As far as FinuTrade is concerned, they have not make this grave error because they understand the importance of customer satisfaction. You will find an FAQ section on their website, which provides you with answers to questions that are frequently asked by traders when using their services. You can check this section out if you have a question that needs answering. In case you don’t find a solution there, or you are facing a technical problem, you can use their customer care channels for getting help.
Their department is working 24/5 to provide traders with help when they require. You can use several channels, including a phone number, or an email address, both of which are available on the FinuTrade website. You also have the option of filling out the online contact form they have given in order to schedule a callback from their agents.
Along with these features and offerings, you will also find that FinuTrade has taken strong measures for keeping your information and your deposits safe. Their trading conditions are competitive enough to help you in maximizing your profits from trading, without having to pay high costs and fees, resulting in a profitable trading experience.