Is it safe to trade with FinMarket? If you are thinking of partnering with FinMarket trading as an online broker, then you’re probably already aware of the brand’s good reputation in the industry, known to offer a secure and safe trading environment for its investors. Known also for their tight spreads, transparent pricing, and efficient trading platform, FinMarket allows investors to trade CFDs on Forex, Commodities, Indices and Cryptocurrencies with both ease and pleasure. In this review, we will talk about the different features and attributes which make FinMarket, in our mind, one of today’s top online forex trading companies.
FinMarket are owned by K-DNA Financial Services Ltd. The company is registered and located in Cyprus and are fully regulated and authorized by the Cyprus Securities and Exchange Commission. FinMarket specializes in CFD and online Forex trading services which include Currencies, Indices, Commodities, and Cryptocurrencies for worldwide investors.
FinMarket features award-winning trading platforms, fully regulated trading conditions, and dedicated multi-lingual support to cater to investors worldwide. It offers a unique and fully transparent trading model which allows them to offer real time pricing.
FinMarket Key Benefits EU Regulated Broker
FinMarket holds the highest standards of European regulatory requirements to ensure its investors a safe, secure, and fully transparent trading experience.
FinMarket is regulated by CySEC under license number 273/15. Traders at FinMarket can be assured that FinMarket is compliant with the stringent standards and requirements established under the Markets in Financial Instruments Directive or MiFID that is passed by the European Parliament and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007. MiFID requires all financial service providers to deliver services to its clients in a reliable, transparent, and secure manner. Clients of FinMarket can clearly view all legal documentations with regards to company policies and commitments to their clients.
FinMarket operates in compliance with EU’s Anti-Money Laundering Legislation and MiFID rules wherein there is a significant weight on the integrity and security of the client’s funds. All client funds are separately held from the company’s operational accounts, as obligated by the CySEC regulations.
All servers and transactions of FinMarket are secured with the latest encryption technology for maximum web security which holds to the same high-quality standards as used by the banking industry. FinMarket is a member of the Investor Compensation Fund Scheme. This scheme allows investors of CySEC regulated brokers to file a claim for compensation up to a maximum of 20,000 Euros if their broker becomes insolvent.
FinMarket offers maximum flexibility to its traders by presenting 3 different trading platforms; web based, mobile, and downloadable. Traders can choose between Metatrader4, Webtrader, and Mobiletrader. Mobile features allow FinMarket clients’ to trade anywhere at any given time with all functions supported by the Webtrader and MetaTrader4.
Metatrader 4 is a downloadable software that is used by traders for charting and analysis in all levels. It has powerful tools, features, and speed that lets traders trade with fewer requotes and achieve the best price. It has a good combination of flexibility, ease of use, and power. It provides traders various methods for closing and opening trades directly from the chart.
WebTrader is a web-based trading platform that provides traders full access to market information from any device that is connected to the internet. Key features of WebTrader include live charts and analysis, visual trends, and trading cubes.
MobileTrader allows traders to open trades, manage accounts, and monitor investments of FinMarket through smartphones, iPads, or tablets. It has a user-friendly interface that brings the full features of the trading platform to your tablet or mobile screen.
The 24-hour customer support is perfect for the clients of FinMarket worldwide because it offers multilingual customer support from a global team with the latest news on the financial markets to help its customers identify trading opportunities. The brand is available for all client inquiries via website, phone, email and facebook.
FinMarket offers comprehensive trading education for investors of all levels. The academy teaches what forex is and how trading is done. A good trading education will let you build your confidence and sharpen your skills, whether you’re a beginner, intermediate or advanced trader.
With FinMarket’s academy, you’ll learn the basic concepts of currency trading to how to use the most advanced technical and fundamental analysis tools, meaning you won’t need to search anywhere else for any of your forex educational needs.
Risk Management Tools
Trading comes with risk and could lead to a loss of capital. FinMarket offers advanced tools to help its clients manage their trading risk. These tools include price alerts, account leverage, negative balance protection, and stop limit / stop loss / trailing stop.
Signing Up with FinMarket
It’s easy to open an account with FinMarket whether on your desktop, laptop, mobile phone, or tablet. Simply fill out the online registration form with your personal information and then provide proof of your identification by submitting it through mail or online. The application is subject for review to ensure its customers’ security. Accounts that are approved can be funded by using the desired deposit set for each type of account.
Is FinMarket a Scam?
FinMarket is not a scam. It is a fully authorized and regulated broker which is allowed to provide financial services to clients that are within the Eurozone. As mentioned earlier, they are registered and regulated by the Cyprus Securities Exchange Commission (CySEC) and are also MiFID compliant.
FinMarket is a great broker for online trading. Despite being a fairly new Forex broker, FinMarket has successfully managed to make a name for themselves within the EU financial field. After reading many customer reviews that have been posted online, it is apparent that the brand is doing well and providing traders with a great product and customer service. Beginner traders receive all the training and education needed to begin a successful new career as global traders, while experienced traders are enjoying the innovative technology, wonderful benefits and great pricing options.
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