Finotec Forex Broker Review

Name of the Company Finotec Trading UK Limited
Established In 1998
Online since 2001
International Offices United Kingdom
Payment Methods Credit Cards, Debit Cards and Wire Transfers
Demo Account and Platforms Meta Trader 4 and Sky Trader
Account currencies Euro, Great Britain Pound, Japanese Yen and United States Dollar
Different Currency Pairs AUD/CHF  AUD/JPY  AUD/NZD










Regulated or Registered By FSA (UK)
Are US Traders Allowed? No
Languages in which website is available Arabic, Chinese, English, French, Greek, Polish, Russian, Vietnamese
Languages in which support is available Arabic, Chinese, English, French, German, Hebrew, Italian, Polish, Portuguese, Russian, Spanish, Turkish, Vietnamese
Different Support Methods Live Chat, Phone, call back, Email.
Types of Account (micro standard executive islamic) Mini Account and Standard Account
Minimum Deposit in Accounts $200
Minimum position size 0.1 lot
Type of Spread Fixed
Minimum spread on EUR/USD, pips 0.4
Is Scalping Allowed Not Allowed
Is Use of Expert Advisor Allowed Not Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex
Real Trading platforms Meta Trader 4 and Sky Trader
Digits after the dot in quotes 5
Total Number of Currency Pairs 30
Any Bonus offers Yes
Any MAM accounts Yes
Do they have Managed accounts Yes
Islamic accounts available Yes
 Is  Hedging Allowed Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Is One-click trading option Available Yes
Mobile trading Allowed Yes
Automated trading Present Yes

finotecFinotech Trading UK Limited is a UK based company which was founded in the year 1998 but it started its internet based online trading service only in the year 2001. The company is well regulated by the regulating authority in UK that is FSA. They do not entertain traders from United States and are not allowed to trade from their account. They have many lucrative features which attracts new as well as experienced traders all over the world. They have many bonus offers which add to the funds of the traders. MAM and managed accounts are available for the traders. They also offer Islamic accounts which are a boon for the Muslim traders who follow the Islamic laws of trading. The trade is very fast with one click trading facility. They also allow trailing stops and pending orders during trading. Mobile trading facility allows traders always on move to keep trading via their Android phones.

The payment options are credit/debit cards and wire transfers. Though the modes of fund transfer and withdrawal is limited, the company makes sure that the traders do not have any issues during the process. EURO, USD, GBP and JPY is allowed as account currencies. They have 30 currency pairs which includes all the major pairs. The company also offers a practice or demo account with Meta Trader 4 and Sky Trader as trading platform. The trading platform for real trading is the same and hence the traders can get to know the various features of the platform while using the demo account. The website and the customer support service is multilingual and is available in 8 and 13 languages respectively. The customer service can be availed via live chat, phone, call back and emails and is very prompt and responsive. They offer mini and standard account and the minimum deposit required is $200.

Finding right broker to start forex trading is an uphill task. However, the reviews can be of great help in deciding the right broker. Finotech forex broker is a hit among the traders and the reviews posted online are very positive. The most loved feature of the company is its bonus as the bonus which previously was given for the first deposit has now been extended to first deposit every week. This is liked by many traders as it is an added advantage for all those brokers who need to deposit funds in their account frequently. The Meta Trader 4 and Sky trader platform also has great reviews and it is said to be very easy to use and helps in fast execution of trade. Some of the traders have written in their reviews that the Meta Trader 4 platform does not highlight the limit profit and the Stop loss which may sometimes cause problems as placing a trade without it can be dangerous. Limited payment options have also been mentioned as a concern by some. The average rating given to the company by various users is 4.2 out of 10.

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