In this FinuTrade review, I will be talking about all the reasons why news traders should consider signing up with this broker. Before you can start investing in assets online, you need to create an account with a brokerage firm. The brokerage firm that you choose provides you access to the trading markets from where you can study the assets. Over the years, online trading has gained a lot of attention and as a result, many new brokerage firms have emerged. Choosing a broker to start your trading journey with can be a difficult task since it can be hard to tell a good broker from an unsuitable one.
However, there are some trading firms that almost all traders can choose from as they provide suitable trading conditions for different kinds of traders. So, whether you are a new trader or an experienced one, you can trust that FinuTrade will be a good choice.
Top Features Of FinuTrade
- Advanced Trading Platform
The online trading firm that you sign up with should offer you a robust trading platform that is user-friendly and has a fast performance speed. The quality of the trading platform that the firm offers can greatly impact your trading quality as every trade action that you execute is through the platform. So, if it is not good enough to allow you to make timely trades, then your trading career will suffer greatly. Its also important to note that just because a firm offers an advanced trading platform, it doesn’t mean that it will be good. This is because an advanced trading platform should have a user-friendly interface so that the traders don’t get lost in all the functions.
You don’t have to worry about the trading platform that FinuTrade offers because one look at the name of the platform that it provides should put you at ease. The firm offers the services of the MT4 trader which is one of the best software for trading platforms. The MT4 platform offers an intuitive interface that is packed with modern trade tools such as one-click trading, indicators, signals, graphs, and charts, amongst others. In addition to that, the trading platform of this firm also has a fast processing speed so traders can make accurate investments in a timely manner.
Adding on to its agenda of providing ease of access and comfort to traders, the broker offers several different versions of this platform. Traders can access their accounts by signing in to the web trader which is one of the easiest to handle platforms. You don’t need to update your device nor download additional software to use this platform. You can also download the MT4 trading software on your desktop, laptops, and Macs. You can also download apps for the platform on your smartphones and tablets for Windows, iOS, and Android devices if you want to trade on-the-go.
The overall performance of the trading platforms offered by FinuTrade is commendable as it prioritizes user comfort and compatibility.
- Assets For Trading
Trading firms that offer a higher number of assets are better than the ones that specialize in just two or three assets. This is because traders always want to diversify their investment portfolios unless they are particularly keen on a specific asset. Having access to a variety of assets has many benefits including low-risk trading, increased investment opportunities, a diverse trade portfolio, amongst others. FinuTrade supports the trade of over 200 assets including forex, stocks, commodities, and cryptocurrencies.
The trading platform of FinuTrade allows traders to enjoy forex trading, the trade of national currencies, efficiently in a 24-hour cycle. They can also benefit from the information that the platform offers them when it comes to trading stocks. The cryptocurrencies that FinuTrade offers include Bitcoin, Bitcoin Cash, Ethereum, amongst others. The broker also allows the traders to enjoy trading with hard commodities such as gold and oil. Furthermore, the option of investing in soft commodities such as livestock, sugar, and wheat is also available.
The benefit of this impressive variety is equal for both new traders and experienced traders who sign up with FinuTrade. New traders can experience what it is like to trade with different assets and pick the one that they are most confident in trading with. Similarly, it can help experienced traders diversify their trade portfolio without having to change brokers every time they want to change their investment options.
- Algo Trading
A feature that makes this broker different from a majority of the brokerage firms out there is that it offers algo trading. Algo trading refers to automated trading where a bot conducts your trade deals while you are away. Profitable investments are heavily dependent on timing and since you cannot spend every waking minute of your day monitoring the markets, this bot comes in handy. So, you will not be missing out on any investment opportunities that can be very profitable while you are away from the platform. Traders have the choice to activate or sleep the algo trader, so it does not mean that the bot will be spending your money even when you don’t want it to.
The main misconception about algo trading amongst new traders is that it is unsafe. However, you should know that the bot only makes the investments depending on the conditions that you have set yourself. If the program senses unfavorable changes in the market, then it automatically exits the trade to keep you safe from losses. This method of robotic trading is a great feature for new traders who don’t know how to trade properly. They work as a learning instructor for traders who don’t know much about investing. The decisions made by the robot trader are based on accurate data and are free of human error which is common when the market fluctuations are high.
Advancements in technology have allowed brokerage firms to provide traders with sophisticated and reliable robot traders. The only thing that you need to make sure of is that the brokerage firm that you sign up with is reliable. This is because if the platform is trustworthy and secure, then they will only offer a bot that they can trust. And this is precisely what you get with FinuTrade. Traders from all backgrounds can enjoy the feature of algo trading that this broker provides.
- Diverse Account Choices
Online trading firms offer a variety of account options that traders can choose from. You may have noticed that all these account types have varying features. These varying features are provided to accommodate traders from different backgrounds. While there are some trading firms that only focus on new traders or experienced traders, a majority of them offer a diverse range of account options so that all types of traders can choose them. So, what makes the accounts offered by FinuTrade different from other firms? Well, for one, you will not be forced to upgrade your account if you sign up with the firm’s basic account. When you choose an account with FinuTrade, you can rest assured that they will not use any tactic that will force you to upgrade your account if you need better trading conditions.
The brokerage firm provides traders with five different trading accounts in two different ranges. One is the algo trading range while the other is the standard trading accounts range. The account types that you can choose from at FinuTrade include the Essentials account, Micro account, Standard account, premium account, and the premium pro account.
The account most suited to new traders is the essentials account which is the firm’s basic account. The deposit money for this account is very low which is great for new traders who may not want to risk a larger amount or may not be able to afford a larger sum. You only need to deposit a sum of $250 for signing up with the essentials account. The account offers traders all the basic features that they need to trade effectively. Traders can also enjoy leverage of 50 with this account.
The upgrade after the essentials account is the micro account which has an initial deposit requirement of $1,000. This account is for those people who have some experience in online trading but are not yet professionals. The leverage of this account totals up to 1:75 and offers its users great features such as trading signals and tight spreads. Following this is the standard account which is the most popular option among traders. You need to deposit $5,000 to activate this account and enjoy great trading conditions with leverage up to 100 and spreads as low as 2.0 pips.
The premium and premium pro accounts follow the micro account. The former account requires a deposit of $40,000 and is for traders who know how to take advantage of risky investments. The latter account option is for professional traders who have mastered the art of online trading. Users of this account can enjoy many advanced features that other accounts don’t have the benefit of using. Traders can easily find an account type that matches their requirements from these options.
- Regulations and Security
There are many features that a brokerage firm must check the marks for before trades should consider signing up with them. The regulatory status and the security protocols implemented by the firm are two of the most important features. There is no use in signing up with a broker that doesn’t guarantee your security. Many cases of people losing their money are due to them signing up with an unregulated broker or the lack of security protocols implemented by the brokerage firm on its system.
When you create an account with an online trading firm, you provide a lot of confidential data to it including bank information, utility bills, home address, passport number, and other forms of government-issued identity cards. It can be very dangerous if this information falls into the hands of the wrong people. To keep the users safe from such malicious attacks, trading firms need to make sure that their system is completely secure.
Hackers frequently target these firms in hopes of stealing valuable information. FinuTrade has implemented strict protocols to its system to make sure that no outsider can get into it. The system is also regularly checked to fix any errors in the system that may have occurred to maintain the secure environment that the firm offers to traders.
Furthermore, the regulatory status of the firm determines whether or not you should trust it. One thing that new traders should always keep in mind is to never sign up with an unregulated firm because they are almost always scams and untrustworthy. FinuTrade is a fully regulated firm that should put your mind at ease if you are considering signing up with it. The firm is also compliant with the KYC and AML policies which help in keeping the platform a secure and trusted place.
- Customer Support
An active customer support system shows that the brokerage firm values its customers. It can be very disappointing if you reach out to the customer support staff if you have any queries and receive no reply. For this reason, FinuTrade offers an active customer support staff that has long working hours. This allows traders from even different time zones to get timely replies. The quick and reliable support system can be contacted via emails, phone calls, and live chats.
The Bottom Line
In this review, I have only talked about a few reasons why traders should consider signing up with this broker. When you visit the brokerage firm’s website yourself, you will discover that there are plenty more reasons why you should pick this firm. What makes FinuTrade great is that it caters to the needs of all types of traders. The modern trading features such as the algo trading feature and its robust trading platform make this brokerage firm a great choice for all.
So, if you are struggling with finding a brokerage firm that you can trust, then I would recommend trying FinuTrade. I am sure that you will not be disappointed.