Finetero Trading Platform Review
Are you looking to make some quick profits? Most investment options these days are not giving the kind of returns people want and they are looking for alternatives that can help in supplement their income. One of the best options that you can explore is to try your luck in the financial markets. Online trading has skyrocketed these days because it provides people with a great deal of flexibility and room to make solid returns that no other market is capable of offering. There are thousands of financial instruments that can be traded and they have a high profit potential, making them very attractive for people.
Even those who don’t have any experience in the trading world or a lot of knowledge are drawn to this space because of the possibilities it has to offer. Some people have opted for online trading as a hobby, while others have made full-fledged careers out of it. No matter what reason you may have for contemplating online trading, you should know that you will need to find a broker. These are companies that specialize in offering trading services to people and provide the tools and resources that are vital to the process. How else will you connect to the financial markets?
Nonetheless, opting for a broker is something that requires some time and thought because you have to find one that’s right for you. Even though the number of companies offering their services has increased significantly, it doesn’t mean that all of them are equal and can offer the same level of services. Just like any other industry, this one also has some good and bad options and it is up to you to sort through them in order to choose a brokerage that can cater to your needs in the best way. How can you do that? This requires you to take a look at what features will be available to you when you opt for a particular broker.
One of the names that will pop up in your search is referred to as Finetero, which was established in 2018, and is operating out of London, United Kingdom. An important thing to know about it is that it is an STP (Straight Through Processing) broker, which means there will be no conflict of interest when you sign up with them. They do not have a lot of experience in the market, but have quickly become recognized for their services and are now accommodating traders from 150 countries in the world.
This rapid expansion shows that Finetero is offering reliable trading services that are in great demand these days. But, you still need to do your due diligence before you make your decision. Some of the prominent features that they are offering to their clients include:
Feature 1: A quick registration process
To start with, registering on Finetero is very quick and easy. Most traders become intimidated by this step because there are companies out there who have complicated it unnecessarily. This is not a problem you will face here because they have just one short form that you have to complete on their website. The form asks you to provide basic details including your first name, last name and email address and phone number. This is all that you have to do to register on their website and it doesn’t take you more than a couple of minutes.
Feature 2: Variety of trading instruments
It is important to know what trading instruments are provided by the broker you are considering because this will tell you how much profits you can possibly make. Not all instruments can offer the same rate of return, so it is necessary to know what is at your disposal. Finetero offers its clients more than 1,000 trading instruments on their platform, which ensures that every trader can find something to trade. Whether you have a high or low risk tolerance, you can find something that suits you. If you want to know what categories you can explore, here are some of the options:
One of the most popular trading instruments that you can find these days is cryptocurrencies. These digital assets have surged in popularity as their volatility can offer high returns to traders. You can trade Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, DASH and Monero, amongst others.
If you prefer the traditional currency markets, Finetero has added a huge variety of currency pairs that you can explore. There are major, minor and exotic currency pairs available, each of which can offer excellent returns. Some of these pairs include GBP/USD, USD/CHF, AUD/USD, EUR/GBP, NZD/USD, EUR/USD, EUR/JPY, USD/JPY and USD/CHF.
Traders with low risk appetites will find commodities to be the perfect option because they comprise of instruments that can offer consistent returns. There are two different types of commodities; hard commodities including precious metals like gold, silver and platinum and soft commodities like agricultural products such as corn, coffee, sugar and wheat. There are also energies that can be traded like natural gas and Brent crude oil.
Every time people think of trading, they immediately jump to the stock market, which allows traders to invest in shares of some of the top companies in the world. Finetero allows you to trade in stocks of numerous firms, such as Microsoft, Amazon, VISA, BMW, Twitter, Apple, Toyota and IBM.
Rather than trading individual stocks of different companies, you also have the option of trading on the value of all companies in an industry altogether in the form of indices. These can be very lucrative and can give high returns to traders. Some of the leading indices that you can trade are FTSE 100, S&P 500, Japan’s Nikkei, DAX, Dow Jones and NASDAQ.
Feature 3: Powerful trading platforms
Have you ever thought about how brokers help you connect to the financial markets? They provide you with the trading platform that does this job, which is a software designed for this purpose. The platform you get will depend on the broker because not all companies will offer you the same. At Finetero, you will come to know that they have given you three trading platforms to choose from, each of which is powerful and boasts a highly intuitive user-interface.
First, they have offered a downloadable trading platform, which is none other than the MetaTrader4. The MT4 is the most popular trading platform in the market and offers a smooth trading experience, thanks to its top-notch trading tools, instant execution and one-click trading features. Both beginners and expert traders will be able to use the platform with ease and take advantage of live charts, price alerts, latest market news and economic calendar.
If they don’t want a platform that has to be downloaded, Finetero has added the Web Trader option as well. As the name indicates, this platform is accessed through the web browser, which means no download and no installation. It is simple to use and also offers good execution speed, along with the cross-device functionality, which can be quite appealing. Lastly, Mobile Trader is available for those who enjoy trading on the go. You can download the apps on your Android or iOS devices and have access to your account 24/7 on the move. No matter where you are, or what time it is, you can execute your trades with ease.
Feature 4: Diverse account choices
You don’t just have to complete the registration procedure when you want to use a brokerage’s services. You are also required to open an account with them and this means exploring what options have been put together for you. A company like Finetero, which is offering its services to traders from all levels and backgrounds will offer different account choices to accommodate them. Therefore, you will come across five diverse options here, each of which offer some unique features to the traders.
These five choices are:
The first account option comes with a minimum deposit requirement of €5,000 and is a good choice for newbies in the trading market. It offers a relationship manager, daily trading newsletter and premium signals from experts for a trial period. There is also 1 session in the private 1-on-1 trading academy and standard commission is applicable in this account.
The second account choice that’s available at Finetero has a minimum deposit requirement of €10,000. The trial period for a relationship manager and daily trading newsletter ends here and 3 sessions are available for the trading academy. You are also allowed to use the Mirror Trader if you wish to take advantage of automated trading.
The third account option that you will find is designed for intermediate traders and they are asked to deposit a minimum of €50,000 to open it. This account comes with 4 sessions for the trading academy, 3 private trading sessions in a month, event room access for one room per month, SMS trading notifications, a discount of 10% on trading commission and access to RoboX, another algorithmic trading software for auto trading.
To cater to advanced and skilled traders, Finetero has developed this account choice and it needs a deposit of €100,000. Trading academy sessions are increased to eight, there are 4 private trading sessions in a month, access to 2 events per month and a trading commission discount of 25% is applicable.
The final account option that you will find is for professional and expert traders, so it comes with a minimum deposit of €250,000. Trading academy sessions are now 16 and traders can 8 private trading sessions and 4 events per month. The trading commission discount is also increased to 50% and VIP services are also provided to traders.
There are also some common features that are provided in all account choices at Finetero, which include online chat support, access to the education center, seminars and webinars, leverage of up to 1:200, access to all trading platforms, variable spreads starting from 0.1 pips and stop out level 50%. Negative balance protection is also provided, which means you will only lose the amount that you have deposited in case you suffer a loss.
Moreover, Finetero has also added a demo account option to their offerings, which allows traders to practice their strategies by using virtual currency and not risk their actual money. They can also use it to get acquainted with the trading platform and conditions they are provided by the broker.
Feature 5: Strong customer support
A crucial element of any online business is their customer support because you want to be able to get assistance when you want. You could have general queries or there might be technical issues that you encounter while you are trading. No matter what the case, you will need some answers, so you should ensure that the broker you choose is capable of giving them to you. At Finetero, you will first find a complete FAQ section on their website, where they have already provided answers to a ton of questions that traders tend to ask when using a new platform.
However, if your answer doesn’t exist in this section, they have also provided you different ways through which you can get in touch with their support staff. You can visit the Contact Us section on their website, which will provide you the various channels to explore. There is an email address provided to you for getting in touch with their agents, or you can also give them a call on the phone number mentioned. There is also an online contact form on their website that you can fill out with your query and send to the representatives. The last option that you can explore is online chat support, which is a suitable option when your query is urgent.
Along with these features, Finetero also offers top-notch security features and extensive educational resources, which make it a good platform to trade in the financial markets for making some profits.