FINMARKET invites everyone who intends to trade currencies or CFDs to cooperate. He promises quality service and fast execution without providing any supporting documents. When going to a brokerage site, a trader can see a simple design with free pictures. The structure of the web resource does not allow you to get acquainted in detail with the nuances of cooperation, therefore the exchange player is forced to clarify the conditions with a brand representative. Today we will figure out how the brokerage platform functions and whether it is worth starting work on it.
Investing with FINMARKET broker: what does the client get?
On the pages of the official site, you can quickly familiarize yourself with the terms of cooperation. The trader is invited to work with spreads of 0.5 pips for the euro-dollar pair. Leverage depends on the needs of a particular player, its maximum ratio is 1:30. There is no deposit fee at all. A trader can use brokerage services without paying large interest charges.
The company offers to download its own training application. Online courses and trading guides will help you master the profession or take it to a whole new level. The broker’s office publishes free access to the latest economic reports and market news that have a strong impact on securities quotes. Taking into account the news factors, the trader will identify the existing trends and make a timely entry into the deal.
According to the exchange intermediary, it provides the best spreads in the global market. This office claims to adhere to strict confidentiality and security standards. Its trading activities are regulated by European government agencies, however, no licenses could be found on the site. Due to the lack of documents, the question arises about the honesty of the company. Perhaps she is cheating and does not provide intermediary services.
Terms of cooperation in the FINMARKET system: the company offers accounts
The exchange intermediary invites you to activate one of the presented tariffs. The brokerage web portal contains information about trading accounts with different terms of cooperation. Each account corresponds to a specific trading style and professional level. After familiarizing himself with the advantages, the trader can choose the optimal FINMARKET tariff:
Silver – starting from 250 US dollars. There is no discount on commission fees. A trader can use any trading strategy, including hedging and scalping. The spread size starts from 1.6 pips.
Gold – to activate the tariff, you will need $ 5,000. Commission is charged with a 15% discount, spreads from 1.4 pips.
Platinum – trading starts after a $ 20,000 deposit. Commissions are reduced by 65%. Spread size from 1.3 pips.
Diamond – a contribution of 50,000 US units is envisaged. Commissions are reduced by 75%, spreads are reduced to 1.1 pips.
Elite – the most expensive tariff with an entry threshold of $ 250,000. Minimum commission fees are provided with a discount of 85%, spreads from 0.7 pips.
FINMARKET is a broker with a small number of tariffs. It has very modest functionality and only provides one trading platform. The client can download Metatrader 4 to a tablet, phone or computer. This software development is often located on the site of scammers. It is publicly available, and therefore it will not be difficult for a pseudo broker to place a free download link.
To test this brokerage system, it is recommended to read the positive and negative reviews. More experienced traders post their impressions on forums and specialized web resources. At such sites, a beginner can communicate with professionals, learn from their experience and get around many mistakes. He will receive reliable information about the company firsthand.
Can you make money with FINMARKET? Reviews of traders
This firm is not popular with traders, and therefore it is extremely difficult to find sincere comments about it on the net. At the same time, we managed to get a reliable review that fully describes the quality of service at FINMARKET. The broker is engaged in real fraud. At first, he allows his client to make money, but then he simply writes it off. As a result, the client is left with an empty wallet, he cannot even return the invested finances.
Due to the lack of positive feedback, one can say that the quality of service is extremely low. The scam creates the illusion of stock trading, when in fact no services are provided. A simple site with poor design and poor content clearly indicates a divorce. It is designed to attract newcomers who do not understand anything about financial markets.
