9 /10
Overall Rating

FINMARKET Review

Visit FINMARKET

We do not focus on Brokers publicly available information only in our broker review. We often contact the broker’s representative personally to take a view of the broker. Moreover, we go through detail about the broker’s history and evolution to justify the change over time. We applied the same standard in the FINMARKET broker review. Please go through this page on how we conduct our broker reviews.

FINMARKET is an online brokerage firm based in Cyprus. The firm provides premium investment opportunities in the financial markets to its clients. Some of their unique offerings include the MetaTrader 4 and mobile trading platforms plus multiple trading accounts from beginner to expert traders. Over 200 tradable assets including currencies, indices, stocks, commodities, and cryptocurrencies are available to trade with the brokerage firm.

Find out more with AtoZ Markets FINMARKET broker review. If you have any previous experience with FINMARKET, please share it in the reviews section below.

Overview

Company
9 /10
Trust
9 /10
Trading Platform
8 /10
Account Types
8 /10
Cyptocurrency
8 /10
Costs
8 /10
Customer Support
8 /10
Regulation
8 /10

Company

9 /10

Founded in 2015, FINMARKET is owned by K-DNA and has marked itself as a market leader in the forex industry over the years by providing tight spreads and real-time market prices. These are provided via a direct link to the interbank market, and a unique margin policy, which allows clients to maximize the full potential of their trading account.

The company offers deep liquidity and a unique fully transparent trading model that enables them to deliver exact price execution on client orders.

Pros and Cons of FINMARKET

Pros

  • Regulated by the CySEC
  • Tight spreads
  • Transparent costs and commissions
  • Multiple trading platforms for beginner to expert traders
  • Numerous account types

Cons

  • Doesn't provides MT5 trading platform.

Trust

9 /10

The trust factor is most important for any brokerage firm in the Forex industry. First of all, FINMARKETS holds a regulatory license by CySEC which is one of the top regulators in the world.

On top of it,  FINMARKET operates in line with EU’s MiFID rules and EU’s Anti-Money Laundering Legislation. As per the website, the broker claims that they place significant emphasis on the security and integrity of our client’s funds and all the clients’ funds are held separately from the company’s operational accounts, in accordance with CySEC regulations.

Trading Platform

8 /10

FINMARKET provide traders with an option of 3 different trading platforms. You get an opportunity to choose from the MT4 platform, WebTrader, and mobile trader. You can always trade on-the-go using their mobile trader friendly.

FINMARKET MetaTrader4

MT4 is simply the best trading platform used by tons of traders and brokers. Traders use it to view real-time currency prices, open or adjust orders, get technical and fundamental analysis.

FINMARKET WebTrader

FINMARKET WebTrader platform allow traders to access directly their trading dashboard without downloading or installing any additional software or plugin. Since this platform is enabled with any internet devices, it gives traders an opportunity to trade whenever they want to.

The key features of this trading platform include:

  • Real-Time Charts
  • Social Trading Feature
  • Visual Trends
  • One-click Trading
  • Friendly Interface

FINMARKET Mobile Trading

FINMARKET mobile trading option maximizes their trading potential at any moment. This platform has been designed with all sophisticated trading features from WebTrader and MT4 platforms.

Account Types

8 /10

FINMARKET is a broker that introduces five different account types - they offer from beginner to professional levels of trading. All offered accounts have a chance to join in the professional development courses in FINMARKET, but the courses vary with the accounts.

  • Blue Member

This is the most basic trading account. Generally, it is perfect for beginners or traders who want to try the platform FINMARKET offers first before investing more or who are new to trading. The specs provided here are:

  • Reward Points (FMP)

FMP Points per Lot: 1

FMP Point Value: $5

  • Minimum Deposit: $250
  • Spread: Floating from 0.4
  • Instruments: 50
  • Professional Development: VOD Library

For a beginner trader, this actually looks like a comprehensive tool list. With a small deposit, clients can receive $5 for every traded lot, so their potential is relatively high.

  • Silver Member

This is the second level in the trading account types. With that, it is similar to a standard account with some other brokers. Here, the stakes are slightly higher and the tools offered are bigger:

  • Reward Points (FMP):

FMP Points per Lot: 1.5

FMP Point Value: $5

  • Minimum Deposit: $5,000
  • Spread: Floating from 0.2
  • Instruments 70

For this account, the member has more professional development options. They get access to the daily markets FINMARKET reviews - on top of a personal account manager, trading tools, and with a higher reward points system.

  • Gold Member

The next level of account type becomes more serious and offer way more to the traders:

  • Reward Points (FMP)

FMP Points per Lot: 2

FMP Points Value: $5

  • Minimum Deposit: $20,000
  • Spread: Floating from 0.1
  • Instruments: 100
  • Professional Development

VOD Library

Trading Tools

Personal Account Manager

Daily Markets Reviews

London Stock Exchange Course

All Gold members can utilize 100 trading instruments, double reward points, access to the LSE course, and a low spread. All of these might come in handy while working with large numbers and massive trading volume. Still, the rewards are somehow high as traders receive double points for every traded slot.

  • Elite Member

This is the highest level of account types. Professional traders go for this and receive all the tools needed for successful investments.

  • Reward Points (FMP)

Reward Points per Lot: 3

FMP Point Value: $5

  • Minimum Deposit: $50,000
  • Spread: Floating from 0.1
  • Instruments: 100
  • Professional Development:

VOD Library

Trading Tools

Personal Account Manager

Daily Markets Reviews

London Stock Exchange Course

For this account type, the rewards system is outstanding, with tripled points on every traded lot.

  • Islamic Member

For Islamic members, FINMARKET has made an account type that is more inclusive to all cultures:

  • Reward Points (FMP)

FMP Points per Lot: 1.00

  • Minimum Deposit: $500
  • Spread: Floating from 0.65
  • Instruments: 70
  • Professional Development:

VOD Library

Trading Tools

Personal Account Manager

Daily Markets Reviews

With all of these, Islamic members could receive access to a floating spread from 0.65 to 1 for every traded lot. And because of the low minimum deposit, traders have the opportunity to gain profit without investing too much initially.

Cryptocurrency

8 /10

FINMARKETS provides an opportunity to invest in a range of cryptocurrencies, that includes Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Litecoin and Dash.

Costs

8 /10

FINMARKET is always has a transparent and cost-efficient trading model. Commission rates are fixed, depending on the type of account the trader is using. The broker provides a very reasonable fee for trading. You can get in touch with the broker for more information about the cost

There are also regular low-commission, or no-commission, promotional offers for new and existing clients. The broker also offers very low spreads for Gold, Platinum, Diamond, and Elite account holders, with floating spreads starting at 1 pip for the EUR/USD pair. Spreads vary according to market conditions. There may be costs attached to withdrawals and deposits, depending on the methods used.

Customer Support

8 /10

Customer support plays an important role in the Forex industry. You can reach out FINMARKET customer support by:

  • Email - support@finmarket.com
  • Web Contact Form
  • Telephone:

(+)357-252-54070
(+)44 2031 500 106
(+)44 8455 280 218

Regulation

8 /10

FINMARKET is brand owned and operated by K-DNA Financial Services Ltd. regulated by Cyprus Securities and Exchange Commission (CySEC) under the license number 273/15.

Conclusion

As per our research, we have found that the FINMARKET is a secure, reliable, and regulated broker. Moreover, the variety of trading instruments and fast execution speed takes the broker to another level.

In terms of account types, it seems like all of the offered account types at FINMARKET are satisfying. Moreover, the range is inclusive to a lot of traders - from beginners to experts. But of course, the higher the account level you invest, the more points you receive. Thus, FINMARKET has the capacity to bring back the investment and even tripling it. At last we always recommend doing your research before opening an account with the broker.

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