HomeFinotec Review – Is it a Scam or Legit Broker (2024)

Finotec Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this Finotec Review, we are going to take a look at the offer that this broker prepared for its traders. Finotec is regulated by the FCA in the UK. Finotec operates on the financial market since 2007. When it comes to trading platforms, the broker features Currenex and MetaTrader 4. The Finotec minimum deposit is 200 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this Finotec Review

Website address:https://www.finotec.com/
Operated by: Finotec Trading UK Limited
Licensed and authorised by regulatory bodies:FCA
Supported languages:English
Customer support available via:E-mail, phone, live-chat
Contact details:[email protected] +44 (0) 20 351 45555
Available deposit methods:Bank transfer, Debit and Credit Cards
Available withdrawal methods:Bank transfer, Debit and Credit Cards
Minimum deposit:200 USD
Min. trade in lots:0.01
Spreads:Variable
Tradable assets:
Might be a CFD.
Forex (45), indices (11)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:Currenex
Social trading:No

Random reviews of competing FX & CFD brokers: FXOpen, HantecFx, ICM Capital and TradeCenter.fm

Frequently Asked Questions

🧐 Is Finotec a Scam?

Finotec is a broker licensed and regulated by the FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Finotec is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the Finotec minimum deposit?

In order to start trading with Finotec, you have to deposit at least 200 USD.

📵 What deposit and withdrawal methods Finotec supports?

Finotec allows funding your account via Bank transfer, Debit and Credit Cards.

⚖️ Would you recommend me choosing Finotec?

We don’t have our own personal experience with Finotec. However, because the broker is regulated by the FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that Finotec is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
 Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
 Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
 Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.

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