Finetero
Finetero Review
After our review you will be fully aware of what you are getting into when you sign up with Finetero and can start your journey for achieving the goals you want when choosing to trade with this broker.
| Finetero | |
| Pros | Cons |
| Intuitive web and mobile trading platforms | Limited Asset Range |
| Best forex provider 2019 | Does not support clients from many countries |
| Lots of trading educational info | High minimum deposit |
| Easy deposits and withdrawals | |
The world of stock and forex trading is notorious for its big risks, but it is important to remember that with these risks, people can also make big profits. These markets have existed for years and millions of people all over the globe were able to fatten their investment portfolios by making smart trading decisions. Over the years, the world of trading has also grown and expanded, with newer instruments like cryptocurrencies being added to the mix. Therefore, it is not surprising to discover that financial markets have seen heavy traffic in the last few years, as more and more people want to take advantage of their potential.
In addition, the fact that you can now trade online has also made it easy for anyone to access these markets and start trading. While this has eliminated a lot of unnecessary paperwork and bureaucracy, you need to remember that some elements have remained consistent over the years. A broker is one of them. These are companies that are responsible for providing you with the platform and tools that are crucial for trading in the financial markets. Put simply, they unlock the door of these markets for you, so you can start exploring their opportunities.
Nowadays, there are numerous online trading platforms that you will come across, but you have to remember that not all of them are created equal. Not every broker will be the right choice for you, so it is best for you to know exactly what you are getting into before you sign up with them. This is also applicable to Finetero, one of the options that you will come across when you begin your search. Based in Limassol, Cyprus, Finetero is dedicated to CFD (Contract for Difference) trading, so it doesn’t require its clients to physically purchase the assets they trade.
Let’s take a look at exactly what you will get at Finetero:
Investment products
To know what a broker can offer to you, it is necessary that you check the investment products will be available. This is also applicable to Finetero, which as stated above, offers CFDs. You can find a total of 200 products to choose from, each of which belong to different asset classes. This is an advantage because it allows traders to benefit from portfolio diversification. First and foremost, you will come across traditional assets, such as stocks of renowned and leading companies around the globe.
You can also dip your toes in the foreign exchange market, as there are major, miner and exotic currency pairs available at Finetero. Indices are another lucrative you will find, but if you want some less-volatile options, you can opt for commodities, whether hard or soft, as both are offered. An important addition to the investment products is that of popular stocks and you can find the top options like Apple, Tesla, Google and more.
Trading solutions
Now that you are aware of what investment products can be traded at Finetero, you would obviously wonder how you can trade them. This is where brokerages specialize in offering trading platforms i.e. software designed for trade execution. But, no two trading platforms are the same, due to which it is necessary to know what you will get. After all, most of your trading experience depends on the platform, its functionality and usability. So, what kind of platform does this firm offer to you? You will discover a web-based platform, which has been designed to offer flexibility and ease of use to traders.
The first thing to note about the platform is that it doesn’t have to be downloaded or installed anywhere. It will run on any device that supports a web browser, which gives you a great deal of freedom, as you can use it on desktop or mobile devices, as per your preference. Finetero has also incorporated features like one-click trading and speedy trade execution on their platform to help clients in taking advantage of all opportunities. You can also receive price alerts, trading signals and the latest market news. Mobile trading apps can also be downloaded on iOS and Android devices for trading on the move.
Trading plans
After you have ascertained what kind of trading solutions are provided, you now need to consider the trading plans. It is important to ensure that the broker caters to traders of your background, whether you are a newbie, intermediate, advanced or even professional trader. If not, it is best to look for other options. Finetero is offering its trading services to traders from all backgrounds, so they have developed five trading plans to cater to them. They have equipped each plan with features appropriate for the traders it is meant for.
The trading plans that you will find are Bronze, Silver, Gold, Platinum and Premium. The minimum deposit you have to make for the Bronze account as a newbie trader is €5,000 whereas the minimum deposit for the Premium account is set at €250,000. You receive a welcome bonus from 50% to 150%, depending on the trading plan you opt for. Likewise, each account comes with a different leverage. Apart from that, Finetero has also provided account managers, platform walkthrough and educational features under these trading plans.
Trading support
A lot of traders may not give this but attention, but the fact is that trading support is an important aspect of your overall trading experience. There can be technical issues with a trading platform, deposit or withdrawal problems or even a general query about a broker’s services. If prompt and responsible support is not available, it can result in several problems. Finetero has been proactive in providing its clients with support option. You can contact them via phone call, email or fill out the online contact form they provide you. Their agents are available 24/7 to resolve any issues traders may have during the course of their trading.
Now, you are fully aware of what you are getting into when you sign up with Finetero and can start your journey for achieving the goals you want.
