Finotec Forex Broker keeps up-to-date with the latest trading account information, including Mini account, Standard account maximum leverage of 1:200, trading varieties, and more
Rating Index
Pros
Established broker with a long history since 1998 and regulation by the FCA, providing a level of trust and credibility.
Offers a variety of trading platforms, including MetaTrader 4, which is popular among traders for its user-friendly interface and advanced features.
Provides dedicated customer support available 24/5, with multiple channels for assistance, including phone, email, and live chat.
Cons
High minimum deposit requirement of $200, which may be a barrier for new or retail traders.
Limited information on withdrawal methods and processing times, leading to uncertainty for potential clients.
Some reviews indicate concerns about customer service and transparency, with reports of difficulties in fund withdrawals and lack of clarity on fees.
Finotec broker Accounts
Mini account
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
200 usd
Minimum Spread
EURUSD/0.4
Depositing Method
--
Withdrawal Method
--
Minimum position
0.1
Commission
--
Products
Foreign exchange
Standard account
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
10000 usd
Minimum Spread
EURUSD/0.4
Depositing Method
--
Withdrawal Method
--
Minimum position
0.1
Commission
--
Products
Foreign exchange
Finotec Account Type
Finotec offers two main types of trading accounts for its clients: the Standard Account and the Mini Account.
- Standard Account:
- Minimum Deposit: $10,000
- Leverage: Up to 1:100
- Spread: Fixed
- Commission: $3 per trade
- Minimum Position Size: 0.1 lots
- Mini Account:
- Minimum Deposit: $200
- Leverage: Up to 1:200
- Spread: Fixed
- Commission: $3 per trade
- Minimum Position Size: 0.1 lots
- Visit the Website: Go to the official Finotec website at www.finotec.com.
- Select "Open an Account": Look for the option to open a trading account.
- Complete the Registration Form: Fill in your personal information, including your email address.
- Choose Account Type: Select either the Standard Account or Mini Account based on your deposit capacity.
- Verify Your Account: After registration, you will receive a verification email. Follow the instructions to verify your account.
- Deposit Funds: Fund your account with the required minimum deposit using available payment methods such as credit/debit cards or wire transfer.
- Start Trading: Once your account is verified and funded, you can log in and start trading.
Both account types allow trading in various instruments, including Forex, CFDs, commodities, and indices. Finotec also provides a demo account for practice.
Finotec Broker Account Opening Process
To open an account with Finotec, follow these steps:
This process ensures that you are ready to engage in trading activities with Finotec efficiently.
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Finotec accounts can be viewed for products that can be traded Foreign exchange accounts with a minimum deposit of 200 usd by (2+) --.