Finetero Review – (Recommended Broker) Everything you Need to Know about the Broker
Trading in the financial markets can be one of the most lucrative activities and there are thousands of people around the globe who have made their fortunes in this space. Over the years, as technology has advanced and internet has pervaded into our lives, online trading has transformed into a global phenomenon and has provided everyone easy access to the endless opportunities in the financial markets. Do you want to take advantage of them? There are no such barriers to entry, which makes it a plus, and all you really need to do is find a brokerage to help you get started.
After all, you need a trading platform and tools to trade and this is where brokerage firms come in, as they have put together the solution for you. Thanks to the popularity of online trading, you can find a horde of companies that are offering their trading services in the market. This is undoubtedly appealing because it gives you plenty of choice, but it also requires you to be very cautious. This is due to the fact that not all of these platforms are reliable and can result in a lot of problems for traders in the long run.
Hence, the best way to select a broker is to find out everything you need about them and then make your decision. This is what you need to do in the case of Finetero, one of the options you will find when you begin searching for legitimate companies. The platform was established in 2018 and it has quickly developed a strong reputation in the market. They are offering their trading services in more than 150 countries and have their headquarters in London, United Kingdom. It is a multi-asset trading platform that offers traders access to leveraged services on a wide range of CFD instruments.
But, before you sign up with this platform, you need to know it inside and out. Let’s take a look at the details of Finetero:
- The Trading Products
The first thing you need to know about Finetero is the trading products they have to offer. This will tell you what kind of portfolio you can create and how much profits you can expect to make in the long run. With Finetero, you will be pleased to discover that they offer you access to more than 1,000 trading instruments in the financial markets that are divided across different categories. This gives you the freedom to diversify your portfolio as much as you like. The assets that you can trade here are:
Forex: Starting with the top, the forex market is the world’s largest financial market that has a daily trading volume close to $6 trillion. Suffice it to say that it is brimming with opportunities and Finetero lets you access them easily. You can trade currency pairs, such as EUR/USD, EUR/GBP, USD/CHF, AUD/USD, EUR/JPY, AUD/CAD, GBP/USD, NZD/USD and USD/JPY.
Commodities: Traders who are looking for less volatile option will find commodities to be a strong choice. You can trade hard commodities, which include precious metals like gold, silver, platinum and palladium, or try energies like natural gas, Brent crude oil and more. There are also soft commodities available, such as wheat, corn, coffee, rice and cotton.
Stocks: Another one of the most popular trading markets in the world, the stock market allows traders to buy and sell shares of some of the most prominent companies in the world. You can decide which company’s stocks you want to trade, such as Microsoft, Amazon, Yahoo, IBM, BMW, Google, Apple, Toyota, Visa and Twitter.
Indices: If you don’t want to trade individual shares and want to try a basket of stocks instead, the indices market is a good option to explore. You will be able to trade some of the top indices in the world, including DAX, FTSE 100, S&P 500, Dow Jones and Nasdaq.
- The Trading Solution
After you have determined what assets you can trade through a brokerage, your next step should be to assess the trading solutions they have to offer to you. These include the trading platform that a broker provides, which can vary from company to company. It is an important feature because it determines the kind of trading experience you will have. At Finetero, you will find that traders have been prioritized because they have added some of the top options in the market.
To start with, you have a desktop trading platform, which is one other than the renowned MetaTrader 4, the leading platform in the financial markets. The MT4 is recommended by top traders in the world because it offers a seamless trading experience to every trader, whether they are a newbie in the market, or have some skills. It offers ultra-fast execution with one-click trading and is powered by cutting-edge technology. The intuitive user-interface ensures that every trader can get the hang of the platform quickly and start trading the asset of their choice right away.
This is not the only option that Finetero is offering to its clients. If you don’t want to use a desktop-based trading platform, they also give you the opportunity to opt for the Web Trader. This one is accessed through the web browser and doesn’t require any form of downloading or installation. It is an innovative and simple solution that gives you flexibility in terms of the device you access it on. Plus, it is also easy to navigate, making it easy for traders to open and close trading positions.
Keeping up with market trends, you will also find that Finetero has added Mobile Trader to their platform offerings. As the name indicates, these are trading solutions designed for mobile devices, such as tablets and smartphones. You can find these trading apps for both iOS and Android devices, and they are quick to download and use. With a mobile trading option, you can trade from anywhere and at any time. It allows you to stay up to date with your trades and make the most of your investments.
The best part is that all of these trading solutions have been equipped with some of the most advanced and essential trading tools by Finetero. They give you access to the latest market news, which can help in making smart decisions. Likewise, price alerts are provided regularly and you can access different kinds of charts. An Economic Calendar has also been added for your ease and convenience. Trading signals and indicators are also provided to help traders in fine tuning their trading decisions.
- The Trading Accounts
Now that you are aware of the trading platform that Finetero has put together for you, it is time to move to another important aspect of the broker’s services; their trading accounts. Opening an account is part of the trading process, as the account keeps track of your trading history, your information, along with your funds. Every company offers different account choices, but none are as diverse and accommodating at Finetero. There are five account choices that you will find here and some features are common in every option, such as access to webinars, online education center, seminars and online chat support.
While trading can be started with deposits of €200, there are varying deposit requirements of each of the account choices. Take a look at the options:
Bronze: The first account is known as Bronze and it has a minimum deposit requirement of €5,000. It comes with a relationship manager, a daily newsletter, and premium trading signals and one private one-on-one trading Academy session, all of which are available for a trial period. The standard trading commission is applicable in this account.
Silver: The next account choice comes with a minimum deposit requirement of €10,000. In this account, the trial period of the relationship manager and daily newsletter comes to an end. The trading Academy sessions are increased to three and mirror trading is made available as well.
Gold: The third account choice that you will find on Finetero is referred to as Gold and requires traders to deposit a minimum of $50,000 to get started. The premium signals’ trial period comes to an end, the trading Academy sessions increase to four and 2 private trading sessions are also available in a month. Traders also get access to the Event Room for a single event per month and they can receive SMS trading notifications. A 10% discount on trading commissions is also provided.
Platinum: The fourth account choice requires a minimum deposit of $100,000 and you receive 8 sessions of Trading Academy. The private trading sessions go up to 4 in a month, while event access is now provided for 2 events per month. There is now a 25% discount applicable on trading commissions.
Premium: The last account choice that traders will find on Finetero can be opened with a minimum deposit of $250,000. Their sessions for the Trading Academy are now 16, private trading sessions are 8 per month and events are increased to 4 per month. A 50% trading commission discount is applicable and VIP services are also available to traders.
Along with these account options, you will also find a demo account available on the Fintero platform. This gives you the opportunity to try out the brokerage’s trading conditions, test their trading platform and also get the chance to practice your trading strategies before you use any of your hard-earned money.
- The Payment Methods
As seen above, to open a trading account, you have to fulfill some minimum deposit requirements, which means you have to add funds. How will you do that? In order to make your deposits and withdrawals, you need to know what payment methods are provided to you. Funding your account or making withdrawals on Finetero has been made simple and easy for everyone due to the addition of an array of payment methods. There are three currencies that you can use for making your deposits and withdrawals, which are USD, GBP and EUR.
When it comes to methods, you can start with the bank wire transfer option, which is a choice of many traders who prefer to use a secure method. If you are looking for a quick solution, you can go with debit or credit cards, as Finetero supports different cards like Visa, Maestro, MasterCard and more. You are also provided the option of using more modern solutions for your payments, such as e-wallets like Neteller and Skrill, which are fast and convenient.
- The Customer Support
An important aspect to consider about any business is their customer support because it shows how dedicated they are to their clientele. It is even more important in the trading world because if you encounter a problem, you would want immediate assistance as even a slight delay can result in missed opportunities or losses. Bearing that in mind, Finetero has chosen to be proactive in their customer support. They have developed an FAQ (Frequently Asked Questions) section where you can find preset answers to common questions traders might have about the platform.
If you need some personal assistance, you will find that several channels have been added in this regard. You can reach out to Finetero’s support team 24/6 through the email address or phone number provided on their website. In addition to this option, they have also put up an online contact form that you will discover under the Contact Us section. The form can be filled out with your query and sent in to their team. Their staff is multilingual and can cater to clients from different countries easily. They are also responsive and friendly and will attempt to find a solution as quickly as possible to help you trade in a hassle-free manner.
Along with these offerings, you will also find excellent educational resources for polishing your skills and knowledge, top-notch security and privacy policies that give you peace of mind, and some of the best trading conditions on Finetero that allow you to make the most profits.