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FinuTrade Review – Is FinuTrade Scam or Legit?

FinuTrade Review

There are hundreds and hundreds of online brokers that can be found nowadays. The numbers are enough to overwhelm people and many altogether back out, rather than going through the options to find one that can work for them. Of course, it is not humanly possible to go through each and every option. Not only will this take years, but new options are also being added regularly, so you will never be done. This is the whole point of this FinuTrade review, as it will shed some light on exactly why you should consider this broker. Is it necessary?

Yes, it certainly is, or as mentioned above, you will never be done researching and will not be able to trade in the financial markets. Is that what you want? Don’t you want to take advantage of the countless profitable opportunities these markets have to offer? Don’t you want to earn the same fortunes as others have done? Indeed, you do and if you have looked into the process, then you are aware that a broker is essential for you to be able to do so. But, this doesn’t mean just any broker; you need a reliable and professional one that knows what it is doing.

The problem is that if you have kept up with the markets, then you also understand that there have been some fraudulent and scam platforms that have exploited people. Even if they are not outright scams, there are shady and unregulated brokers that do exist and they cannot be trusted to deliver what they have promised. You could opt for a random platform in order to save time, but there is a good chance that you will find them lacking in one way or another. After all, it is easy for anyone to set up a website on the internet these days and make tall claims, but living up to them is a different ballgame altogether.

Unless you are willing to risk your money and your information, you should always do your homework to know what you are getting into. At the outset, this will require time and effort, but in the long run, you can save yourself from a great deal of hassle and loss. Rather than jumping from platform to platform in search for the right one, it is better to make some effort and choose the right one in the first go. Is FinuTrade that broker? You will only find the answer when you have checked it out thorough and that’s what this review is for. Let’s begin:

BrokerFinuTrade
Websitehttps://www.finutrade.com/
Trading AccountsFour Live Account Options; Silver, Gold, Platinum and Diamond. Demo account also available
Minimum Deposit$250
Assets CoverageForex, Cryptocurrencies, Stocks, Indices and Commodities
Trading ToolsTrading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Currency Converter, Position Calculator, Profit calculator and Risk Management Tools
Education and TrainingYes; , e-books, online video courses, webinars, tutorials, latest market news, guides and margin requirements
Customer Support24/5 support via email address, phone number, live chat, social apps and platforms and online contact form.
Security PolicyKYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent CompanyFinuTrade Holdings Ltd.
FinuTrade website

Introduction to FinuTrade

Based in St. Vincent and the Grenadines, FinuTrade Holdings Ltd. established the FinuTrade platform to help people in tapping into the potential of the financial markets in 2018. It is a relatively new broker in the market, considering that some of them have been operating for decades. Despite this disadvantage, they have managed to develop a strong reputation as their trading volume is in excess of $182 million and have executed more than 69,000 orders. They cater to both retail and institutional traders and provide them a solid trading environment for achieving their goals.

But, you will probably find many other brokers making the same claims, so you have to understand why FinuTrade should be considered. Some of the reasons for doing so are highlighted below:

Reason 1: The Excellent Security

There is no denying that the internet has transformed our lives and has delivered huge advantages, but if there is one thing you need to remember is that it also has its risks. There are cybercriminals who are looking for just about any opportunity to exploit people and trading online means that you could be exposed to them. They could steal your private and confidential information that you share with a broker, or steal the money you deposit for trading. This is a significant risk that you have to take, due to which you want to minimize it as much as possible.

Of course, the broker also plays an important role in this process, as they have to provide you a strong security infrastructure. It is their network that will be compromised by hackers and other cybercriminals, so they have to protect your information and money. But, not all companies take this task seriously and you can find countless incidents where people had to suffer because their chosen broker didn’t provide adequate security. This is one avenue where FinuTrade has done an outstanding job because they have taken steps to not just ensure the safety of your funds, but your information as well.

They choose to deposit your funds in segregated accounts, which means that company funds are kept separate from client deposits. This ensures that your money is only used for trading and not for any of the company’s own obligations. In addition, the deposits are kept with the leading financial institutions, so there is a minimal risk of theft. Moreover, if FinuTrade were to file for bankruptcy, your money would be returned to you. As far as your information is concerned, strong SSL (Secure Socket Layer) encryption has been used to protect all sensitive data accumulated throughout the trading process.

Along with these measures, you will also come to know that FinuTrade is compliant with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies. These are internationally recognized and require traders to submit documents for proof of identity and address. The former can be provided via a national ID card, international passport, or driver’s license. The latter requires any utility bill showing your name and address, whether water, electricity or gas, or a bank statement. These documents have to be submitted and verified for you to be able to make transactions via your account.

Reason 2: Variety of Instruments

While there is no doubt that security is of the utmost importance, you cannot solely make your choice of a broker on that fact alone. There are a number of other aspects that also play a vital role in your choice and should be taken into account in order to ensure that you are not making a mistake. The instruments that you can trade through their platform is one such factor because it can have a big impact on how much profits you end up making at the end of the day. The financial markets are filled to the brim with trading instruments, but the fact is that not all instruments are created equal.

Some are more volatile than others, which means their profitability will also vary. Similarly, the number of instruments available is also worth checking because limited options often lead to higher risks. You want to diversify your investment, as it is regarded as the best way to mitigate the risks associated with trading. But, this can only happen if there are enough options provided to you. No matter which way you look at it, you will learn that FinuTrade offers you all you need. They give their clients access to some of the top financial markets globally and have more than 200 instruments listed.

With such variety available, it is quite easy for traders to find the instrument that’s in accordance with their risk tolerance and diversify their portfolio. Check out some of the options available:

Stock: Of course, the most renowned financial market in the world is none other than the stock market where you have the chance to trade stocks of some of the world’s biggest companies. These include prominent names like Amazon, Boeing, Alibaba, JPMorgan, Tesla and Apple.

Forex: Who hasn’t heard of the foreign currency market? There are thousands of currency pairs that can be traded here and FinuTrade has added some of the most profitable ones, including USD/JPY, EUR/USD, NZD/CAD, AUD/NZD, USD/CHF and GBP/USD.

Indices: This is similar to the stock market and is quite lucrative because you can trade baskets of stocks together. There are a number of indices that you can trade, such as Dow Jones, Nasdaq 100, FTSE 100 and CAC 40, amongst others.

Cryptocurrencies: Unless you have been living under a rock, you have certainly heard of cryptocurrencies. Bitcoin is not the only one that exists and FinuTrade has added some of the other popular ones like Litecoin, Ethereum and Bitcoin Cash to help you enjoy returns from this market.

Commodities: For traders who have a low risk tolerance and prefer stable returns, commodities are one of the best options and there are lots of commodities that you can explore. These include hard commodities that refer to precious metals like gold, silver, copper and platinum. You can find soft ones that refer to agricultural products like coffee, corn, sugar and rice. Energy commodities like natural gas and crude oil are also available.

Reason 3: The Leading Trading Platform

You have checked security and you have looked at the instruments and found both of these to be extremely impressive. Does this mean you should sign up? Not yet. You still need to look at the most crucial offering of a broker i.e. their trading platform because it is the one feature you will engage with the most. How will you trade the instruments mentioned above? It is through this platform that you access the financial markets and open the trading positions you want, which means its role cannot be understated.

There are plenty of trading platforms that already exist in the market and some brokers prefer to develop their own as well. You should see what FinuTrade has opted to do before you make your decision. When you do so, you will find that they have opted to add one of the existing solutions in the market, but this doesn’t mean that they have gone for a random option. Instead of doing so, they have chosen to provide their clients with the leading trading platform in the market i.e. the MT4 (MetaTrader4).

It is a favorite of all professional traders around the globe, but this doesn’t mean that beginners cannot use it. The MT4 is a highly intuitive and user-friendly trading solution that can fulfill the needs of every trader. The best part is that FinuTrade has added the entire suite of platforms, instead of just one option. This means that you can choose to download the MT4 desktop client for your PCs, use the WebTrader, which is accessed through the browser, or you can opt for the mobile trading apps that are available for iOS and Android ecosystem.

This provides traders with a great deal of flexibility and gives them the opportunity to trade through a platform they are comfortable with. The desktop platform offers a traditional and powerful trading experience, while the WebTrader saves you from downloading and gives easy access. As for the mobile apps, they are excellent for trading on the move. No matter which option you go with, you will be able to benefit from top-notch technology and that’s FinuTrade’s primary goal. This technology delivers superior trade execution and offers one-click trading to its clients.

All trade results and market movements are shown in real-time, which can enable traders to maximize their profits and minimize their losses. Moreover, every trader that signs up on FinuTrade can also take advantage of the built-in MT4 trading tools, as well as those that have been added by the broker itself. You will be able to enjoy interactive charts and graphs, trading signals and custom indicators, in-depth market analysis, an economic calendar, currency converter, the latest financial news, profit calculator and plenty more. The combination leads to a smooth trading experience for every trader.

Reason 4: Brokerage and Investment Accounts

It is time to look at the account choices that you have been provided, as it is the norm to open an account with the broker before you can start trading. As FinuTrade is offering its services to traders of all skill levels, they have to offer several account options. No two traders have the same capital, trading style and risk appetite and their experience and knowledge can have a big impact on the account they select. It should also be noted that there are two different options for you to explore when you want to open an account here.

You can open a brokerage account with FinuTrade that you use for your trading journey, or if you don’t want to take the risk and just want to enjoy regular returns, you can simply use the investment accounts that offer a consistent and regular return. There are four choices available for each category and these include:

Silver Brokerage: This account can be opened with a deposit of $250 and is for newcomers and beginners, so they get limited signals and a free consultation with a personal account manager and a market analyst. A 20% welcome bonus is also given.

Silver Investment: Having the same name, this account at FinuTrade needs an investment of $50,000 and gives a return of 1.5% per month. The money has to be deposited for 24 months at least and interest withdrawals can be made once in a calendar year.

Gold Brokerage: You can open this account with a minimum deposit of $10,000 and as it is for intermediate traders, full trading signals and five sessions with a market analyst are given. The welcome bonus is now 50% and an executive account manager is also provided.

Gold Investment: For this account, traders are required to make a deposit of $100,000 at FinuTrade and their interest rate is increased to 2.5% per month. The amount has to be deposited for at least 12 months and withdrawals can be made every three months.

Platinum Brokerage: A minimum deposit of $50,000 is needed for this account, which is aimed at advanced traders. Unlimited sessions are provided with a market analyst and 100% bonus is also given.

Platinum Investment: You now need to invest $250,000 with FinuTrade in this account, but only for 6 months. The interest rate you receive is 3.75% per month and withdrawals can be made on a monthly basis.

Diamond Brokerage: As this account is for professional traders, they have to deposit a minimum of $250,000 and are given a 125% bonus, along with all other features mentioned above.

Diamond Investment: The investment that FinuTrade requires for this account is $1,000,000 and the return and commitment period is the same as the Platinum account.

Apart from these options, you will find that there is also the option of opening a demo account on FinuTrade. This is actually a great feature that every trader can use, whether they are beginners or skilled traders. The former can use this account for practicing their trading strategies and getting a feel of the market before they jump in. This shows them what to expect and can help them be better prepared for their trading journey. The latter can use it for checking out the trading conditions they are provided and whether the broker has been transparent and honest with them or not.

Reason 5: Top-Notch Customer Guidance and Support

Not everyone who is trading online has a strong financial background and understanding of the market. As these are not prerequisites, a lot of people jump on the bandwagon and prefer to learn as they go. There is no harm in doing so, providing you have access to the right resources and make the effort. You will have the best resources at your disposal at FinuTrade because they have added a range of educational resources for their clients. There are tutorials, videos and e-books that can be insightful and knowledgeable.

Novices and beginners can use these for understanding the market and how it works. There are also webinars and seminars that FinuTrade has added, which can actually be helpful for skilled traders as well. They can polish their skills and eliminate any mistakes they are making. Other than this, the customer support offered by the broker is also worth noting. There could be a ton of questions you may have about their features and services, or you may encounter a technical problem during trading. No matter what the scenario, you could require help.

If adequate support is not provided, it could certainly be frustrating because you may not be able to make your trades. It can lead to losses because you may not be able to open and close positions. You certainly don’t want that and to ensure it doesn’t happen, a number of support channels are available at FinuTrade that you can use as per your preference. They have a multilingual support staff because they are offering their services to traders all across the globe. They are available 24/5 and are more than ready to assist you in any way possible.

You can visit the Contact Us page on the FinuTrade website, where you will find the phone number you can use for reaching out to their team, or the email address. They also have the live chat feature available, or you can contact them via social apps/networks. Otherwise, you can simply fill out the online contact form on their website and schedule a callback when it is convenient for you. No matter which option you choose, you will find their support to be top-notch and responsive.

Conclusion

When you combine all these reasons together, it is easy to see that FinuTrade can be just the trading solution you need in order to explore the potential of the financial markets.

Andre Louie (Spain)

Andre is a new writer for Tokenhell, writing in both English and Spanish. Andre loves cryptocurrencies and the blockchain / crypto world and has been into Bitcoin since 2012.

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