FINMARKET REVIEW – Expert Opinion
Finmarket Review. Finmarket is owned by K-DNA financial services Ltd, they offer an array of investment products, from forex to CFDs, cyrptocurrencies to commodities, you name it! They’ve got it!! Their uniquely innovative web based trading platforms makes trading a whole new and exciting experience with 3 major user friendly options depending on device you use; via web or mobile trader and the Metatrader 4 software which is hot right now in the world of trading/exchange and is currently the best trading platform yet, the great thing about this is it puts you a step ahead in the market, offering you tools which allow you act on market changes in a flash with charting and analysis enabled. This feature is the reason finmarket is on most traders’ radar right now. Unfortunately they do not offer services to investors from the United States but accepts investors within Cyprus, the United Kingdom and other regions of the world without legal prohibitions to trading with the minimum deposit for a first time trader on the platform set at $250; they also offer multi-lingual support allowing for a diverse clientele.
Is finmarket regulated?
Finmarket is licensed and regulated by the Cyprus Securities and Exchange Commission, CySEC with license number 273/15. Fin market operates under the European Union’s anti-money laundering legislation and Markets in Financial Instruments Derivative, MiFiD stipulations to guarantee customer security. They also make public their legal documentation and policies to clients for transparency.
Finmarket recommends their first time clients or investors are fully aware of the risk factors involved in trading virtual currencies and CFDs before signing upon the platform or purchasing a product, owing to the volatile nature of the market. They also include a warning within, informing clients not to invest more than they are comfortable risking.
Pros and cons of trading with Finmarket
- High security
- Offers multiple trading platforms
- Offers MT4 trading
- Offers a demo account for educational purposes
- Licensed and regulated
- Customer support available 24/6
- Offers multiple trading accounts
- High spreads
- FAQs not included on the website
- US traders not accepted
- Low leverage ratio on basic accounts
No broker or trading platform is without its flaws, however Finmarket has maintained a standard and struggled to remain afloat in the ever competitive and dynamic trading industry since its inception in 2015 and has a good reputation amongst investors for the most part due to high level professionalism in their operations. Their level of transparency has solidified their legitimacy in the minds of traders making them a broker of choice.
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