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FINMARKET Review & Rating [yyyy]

FINMARKET Review & Rating 2022

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Our broker review does not only focus on publicly available information about brokers. To get a better view of the broker, we often speak with the representative of the broker. We also review the history and evolution of the broker to support the changes over time. The FINMARKET broker review was conducted using the same standards. This page will explain how we conduct broker reviews.

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FINMARKET, an online brokerage company based in Cyprus, is called a "FINMARKET". It offers clients premium investment opportunities in financial markets. Their unique offerings include MetaTrader 4 and mobile trading platforms, as well as multiple trading accounts for novice to expert traders. The brokerage firm offers trades in over 200 tradable assets, including stocks, commodities, currencies, and indices.

Learn more about AtoZ Markets' FINMARKET broker review. Please share your previous experience with FINMARKET in the reviews section.

Overview

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

Company

9 /10

K-DNA owns FINMARKET, which was founded in 2015. It offers tight spreads and real-time prices. They are available via a direct connection to the interbank markets and a unique margin policy that allows clients to maximize their trading account's potential.

They offer deep liquidity and a transparent trading model that allows them to execute client orders at exact prices.

The Pros and Cons Of FINMARKET

Pros

  • The CySEC regulates
  • Tight spreads
  • Transparent commissions and costs
  • Multiple trading platforms available for novice to experienced traders
  • There are many types of accounts

Cons

  • Provides no MT5 trading platform.

Trust

9 /10

Trust is the most important factor for any Forex brokerage firm. First, FINMARKETS is a CySEC licensed broker. This is the most prestigious regulator in the world.

FINMARKET is compliant with EU's Anti-Money Laundering Legislation and EU's MiFID rules. According to the broker's website, they claim that they are very concerned about the security and integrity our clients' funds. All funds of clients are kept separate from company operational accounts in compliance with CySEC regulations.

Trading Platform

8 /10

FINMARKET offers traders the option to choose from three trading platforms. There are three options available to traders: the MT4 platform (WebTrader), mobile trader, and the MT4 platform. Their mobile trader friendly allows you to trade anywhere, anytime.

FINMARKET MetaTrader4

MT4 is the most popular trading platform, used by thousands of traders and brokers. It allows traders to see real-time currency exchange rates, adjust or open orders, and perform technical and fundamental analysis.

FINMARKET WebTrader

Traders can access their trading dashboard directly from the FINMARKET WebTrader platform without having to download or install any plugins or software. This platform can be used with any internet device, so traders have the ability to trade whenever they wish.

These are the key features of this trading platform:

  • Charts in Real-Time
  • Social Trading Features
  • Visual Trends
  • One-click trading
  • Friendly interface

FINMARKET Mobile Trade

The FINMARKET mobile trading platform maximizes traders' trading potential at all times. This platform features all the advanced trading features of WebTrader and MT4 platforms.

Account Types

8 /10

FINMARKET offers five types of account - from professional to beginner trading. Each account can be enrolled in the professional development courses offered by FINMARKET. The courses are different for each account.

  • Blue Member

This account is the most basic. It is ideal for traders who are just starting out or beginners who wish to test the platform FINMARKET has before they invest more. These are the details:

  • Reward Points (FMP).

FMP Points per Lot: 1

FMP Point Value $5

  • Minimum Deposit: $250
  • Spread: Floating starting at 0.4
  • Instruments: 50
  • VOD Library for Professional Development

This is a complete tool list for a beginner trader. Clients can earn $5 per traded lot with a modest deposit. This is a good way to maximize their potential.

  • Silver Member

This is the second of the types of trading accounts. This account is very similar to one with other brokers. The stakes and tools are higher here.

  • Reward Points (FMP).

FMP Points per Lot: 1.5

FMP Point Value $5

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

This account offers more opportunities for professional development. You have access to the daily markets and FINMARKET reviews. This account also includes a personal account manager, trading tools and a higher reward point system.

  • Gold Member

The traders will find the next account type more serious and offers more options.

  • Reward Points (FMP).

FMP Points per Lot: 2

FMP Points Value $5

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

VOD Library

Trading tools

Personal Account Manager

Daily Markets Reviews

Course at London Stock Exchange

All Gold members have access to 100 trading instruments, double reward point, access the LSE course and a low spread. These might be useful when dealing with large volumes and large trading volumes. The rewards are still great as traders earn double points for each traded slot.

  • Elite Member

This account type is the most prestigious. This is the highest level of account types for professional traders. They receive all the tools they need to make successful investments.

  • Reward Points (FMP).

Reward Points per Lot: 3

FMP Point Value $5

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

VOD Library

Tools for trading

Personal Account Manager

Daily Markets Reviews

Course at London Stock Exchange

This account type offers outstanding rewards, including triple points for every trade lot.

  • Islamic Member

FINMARKET offers an Islamic account type, which is more inclusive of all cultures for Islamic members.

  • Reward Points (FMP).

FMP Points per Lot: 1.00

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

VOD Library

Trading tools

Personal Account Manager

Daily Markets Reviews

All of these options allow Islamic members to access a floating spread of 0.65 to 1. for each traded lot. Traders can make a profit even if they don't invest too much, thanks to the low minimum deposit.

Cryptocurrency

8 /10

FINMARKETS offers the opportunity to invest in a variety of cryptocurrencies including Bitcoin Cash, Bitcoin Gold and Ethereum.

Costs

8 /10

FINMARKET has an open and transparent trading system. Depending on which type of account the trader uses, commission rates will be fixed. A broker charges a reasonable trading fee. For more information on the cost, you can contact the broker

For existing and new clients, there are regular promotional offers with low- or no-commission. For Elite, Gold, Platinum, Diamond and Elite account holders, the broker offers extremely low spreads. The floating spreads start at 1 pip for EUR/USD pairs. Market conditions may affect spreads. Depending on the method used, withdrawals or deposits may incur fees.

Customer Support

8 /10

Forex industry customers play an important role. Contact FINMARKET customer service by:

Regulation

8 /10

FINMARKET is a brand owned and operated under license number 273/15 by K-DNA Financial Services Ltd.

Conclusion

Our research has shown that FINMARKET is a reliable, secure, and regulated broker. The broker's wide range of trading instruments and quick execution speeds take it to another level.

It seems that all account types offered by FINMARKET satisfy. The range is accessible to all traders, from novices to professionals. However, the higher your account level, the more points that you will receive. FINMARKET can return your investment, or even triple it. We recommend that you do your research before you open an account with a broker.

Reviewed By

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