FinuTrade Review – Taking a Close Look at the Broker’s Offerings

FinuTrade Review

One of the online platforms that are providing trading services to global traders is none other than FinuTrade. They are one of the newer options you will find and this FinuTrade review can shed some light on their features and services for your convenience.

With technological advancement and innovation, there have been a lot of changes in the trading space. As the world became more and more digital, online trading became a reality and this brought access to the financial markets right at your fingertips. There were also changes in capital requirements and other barriers to entry were also eliminated. While all these changes were happening, there was one element that remain unchanged; the role of a broker. Even before online trading existed, people had to reach out to brokers for trading in the financial markets. They were the gateway for people into the financial world and this hasn’t changed even a bit now.

The only difference is that these brokers are operating online now and you sign up on their platform to access their services. They are still your gateway and give you access to the financial market you are interested in. It is because of them that traders are able to enjoy the perks and conveniences offered by online trading. When online trading was still new, there were only a limited number of brokers to be found, but their numbers have gradually increased with time. As a matter of fact, the popularity as well as ease of access to the financial markets has contributed to this rise in companies offering their trading services.

Nonetheless, it is essential to bear in mind that this number doesn’t guarantee you quality. Just because there are more and more brokers in the market doesn’t mean that all of them will offer you the same type, level or quality of services. These can be drastically different and it is something you should bear in mind when you start looking for one. Picking a broker randomly is not a wise move because you could end up opting for a company that may not be able to fulfill your trading needs at all. This will not just waste your time, but can also lead to financial losses.

Likewise, you will be putting yourself at a great deal of risk by going with this route. Why? This is due to the fact that the online trading world has seen an influx of shady and scam brokers in the last few decades because of the increase in traffic. As more and more people have made their way into the financial markets, cybercriminals have found the perfect opportunity to exploit them by setting up scam and fake brokerages that can be used for defrauding them. Therefore, when you are choosing a company, you have to do your research.

You should never choose a broker before you take a close look at their offerings and have determined that they know what they are doing. Don’t let the sheer number of options confuse and push you into making a decision that’s not well thought out. The consequences can be disastrous and those you want to avoid at all costs. One of the brokers that will be on your list of possibilities is Mauritius-based FinuTrade, which is offering CFD (Contract for Difference) trading to its clients. It may not have been around for as long as some of the oldest brokers, but their reputation is undoubtedly exemplary.

Regardless, you still need to take a close look at their services before you make up your mind. This is where you will find this FinuTrade review handy because it will shed some light onto the features and services that have been offered to you here:

The Trading Platform at FinuTrade

If there is one feature of a broker that can make or break your experience with them, it is their trading platform. Why is it so important? It is considered crucial because this is the key offering of every broker i.e. the software that allows you to connect to the financial markets and then make your trades. How else will you be able to buy and sell the instruments of your choice? Online brokers provide you with the software to be used for this purpose and this is known as the trading platform. It is equipped with technology that can be used for accessing markets, tracking the movements of instruments within them and then opening and closing positions.

The trading platform also comes with trading tools that are used for deciding what trades to open or close because they provide you vital insights and data. Without a trading platform, you will not be able to trade at all, due to which you need to know what kind of solution you will be provided. Just like brokerages, not all trading platforms are created equal. The features, functionality, user-interface and technology of each is unique and this needs to be taken into account before you can move forward with a broker.

Bear in mind that a substandard trading platform can lead to a poor trading experience, not only because it might be difficult to use, but also because it may not have the right tools that can help you make decisions, or may just not be able to keep up with the markets to help you open and close trades in a timely manner. This will result in losses for you and will not help you in achieving your goals that you established when you decided to trade in the financial markets.

You need to factor the trading platform in your decision and this should be done in the case of FinuTrade as well. No broker is going to tell you upfront if their trading platform has any limitation or flaws. It is your job to research and evaluate and then make a decision. You should also know that some companies develop their own trading platform, while others provide you an existing one from the markets. Here, you will come across a platform that has been especially developed and uses a different kind of technology than the platforms you find in the market.

The platform at FinuTrade is AI-powered, which is not something you will find elsewhere and this allows the trading platform to deliver a unique experience to its users. It is a web trading platform that is now capable of delivering personal trading insights to each trader, after taking into account their preferences and style. This will certainly come in handy, as it enables traders to make smart and profitable decisions. Using cutting-edge technology, the platform helps traders in enjoy superior trade execution in the markets.

Despite the advanced technology, the user-interface remains friendly and intuitive, which ensures that every trader is able to use the FinuTrade trading platform without having to deal with a learning curve. Plus, you don’t need to worry about a complex downloading and installation process either, as the platform is web-based. This means you access it via the browser on any device that supports one. It also provides flexibility because you will be able to use the platform on multiple devices without having to go through the process of downloading. It offers mobile support as well, so you can trade on the move and not miss out on anything.

Apart from that, you will also discover that FinuTrade has equipped their trading platform with some of the top and modern trading tools in the market to help their clients in maximizing their trading efforts. You are provided with live market updates and price alerts and these belong to 3,000 financial markets. There are various advanced charts and graphs that can be used for tracking trends and patterns, tech indicators and analysis tools that can help you predict movements and risk management tools that can assist you in controlling your losses. There is also a hedging mode that can be used by traders, as per their ease.

The Financial Instruments at FinuTrade

Once you are aware of the kind of trading platform you will be provided and are satisfied with it, you can take things forward and check out the financial instruments the broker has to offer. This is also something that you cannot neglect because the instruments you trade will directly affect your profitability. If you don’t buy and sell an instrument, how will you make a profit? There are millions of trading instruments spread across financial markets and their prices fluctuate on a regular basis. But, the frequency and extend of this fluctuation also depends on the volatility of the instrument itself, along with its market.

You have to take your profit expectations, risk tolerance and final goals into account before you decide what instruments you want to trade. This will help you in making the right choice and you will also be able to achieve your goals a lot faster. Some people may prefer to stick to just one financial market, while others may prefer to diversify because they want to minimize their trading risks as much as possible. No matter what category you fall into, you need to take a look at the financial instruments you will be provided by a broker.

No two brokers will have exactly the same instruments available, so it is best to take a look. Some of them even choose to specialize in a particular market, while others provide variety. You need to know what type of broker you are looking into. If you want to trade multiple instruments, it is better to find one broker that gives you access to all those you want because this will make it easier for you to manage your trading portfolio. Otherwise, there is a possibility that you might miss out on something and this can result in losses.

This is where you will definitely find FinuTrade a solid option because they have an extensive and diverse list of trading instruments that are spread across 3,000 financial markets. The sheer variety available here ensures that every trader can find an instrument that suits their trading style, risk appetite and budget. You can trade in some of the largest financial markets in the world and get access to their top instruments. First and foremost, you can try your luck in the foreign currency market, which is renowned for its volatility and its daily trading volume is more than a whopping $5 trillion.

They have added a range of currency pairs, such as EUR/USD, AUD/CAD, USD/CHF, GBP/USD, EUR/GBP and USD/JPY. If you don’t want to try traditional currency pairs, but want high volatility, the cryptocurrency market is another option to explore. You will find that FinuTrade has added some of the leading digital currencies to their offerings to help their clients make the most of their trading activities. These include Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple and Monero.

You can also check out the stock market, another one that has a strong reputation in the financial world for providing high returns. Many people have accumulated their wealth from this space because they traded shares of the right companies and you can do the same as FinuTrade gives you access to some big names. These include Amazon, Tesla, Apple, JPMorgan, Fiat, Coca Cola and Aurora. To accommodate traders who don’t want to take heavy risks, the commodities market is also available. This comprises of hard commodities that include precious metals like gold, silver, copper and platinum and soft commodities that include agricultural products like coffee, corn, wheat and rice.

Energy commodities are also available at FinuTrade and these include crude oil and natural gas. These can offer stable profits and are relatively low-risk than other markets.

The Account Opening and Registration at FinuTrade

In order to start trading via a broker’s trading platform, you will first be required to register with them and open an account. This is an important step because this is where you have to provide some personal details to the broker. Your account will keep track of your trading history, transactions, finances and other essential details, so it is not a step you can skip altogether. But, what will you be required to do? There is no format that’s followed by every broker out there and they all come up with their own respective process.

You need to take a look at what you will have to do and if there are any prerequisites that you may have to complete. Sometimes, brokers may require their potential clients to fill out an array of forms. Others have an approval process, or may even ask clients to sign a contract. Of course, you would prefer something simple and quick because you want to start trading right away. Luckily, you will get this when you opt for FinuTrade because their registration process is literally just one filling out one form.

You can initiate the process by visiting their website, clicking on the ‘Open Free Account’ option, choose an account from the options provided and then fill out the registration form. This form is not complex at all as you only have to share some basic details with FinuTrade in order to complete it. Your first and last name, country, phone number and an email address and a password are needed. You have to agree to the Terms & Conditions given on the website and, as long as you are 18 or above, you will be able to sign up right away.

After doing so, there is only one more step that you have to complete and this is to verify your trading account. This is necessary because FinuTrade is compliant with the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) security policies. In accordance with these, traders are required to provide documents that can give proof of their identity and proof of residency. It is a security measure that can prevent cybercriminals from making fake accounts on the platform that are later misused.

The document that you can provide for proof of identity can be any government-authorized form of ID, such as an international passport, an ID card or, even your driver’s license. You just have to provide a colored copy that shows your name, date of birth and your picture clearly. As for proof of residency, you need to provide FinuTrade with a document, such as any utility bill like water, gas, electricity, or land-line phone, tax bill or a bank statement. It should have your name and address, along with date of issue mentioned. This document should be within the last six months.

As long as the details of your account on FinuTrade match with these documents, it will be verified right away and you will be able to start trading without any delays or hassles.

The Payment Solutions at FinuTrade

After you are done making your account with any broker, you would want to start trading right away, but there is one important step that you have to complete before that. This involves adding funds to your account that you will use for opening trades. How will you buy any instrument without money? In order to make your deposits, you have to check what payment solutions are provided to you by the broker you have selected. Every platform may not have the same options available, so it is a good idea to take a look and see how you can go about it.

Bear in mind that not all payment solutions can offer you the same level of security, ease and convenience, and if you don’t want your deposits or withdrawals to be complicated, you should definitely check out the options beforehand. Here you will come to know that FinuTrade is catering to both conventional and modern traders with their payment solutions. They have added several options that their clients can explore and can pick one as per their comfort level. For instance, some people prefer the security offered by bank wire transfers and they will be able to use them here.

But, transactions made via this method take at least 7 business days to process. You can also use your debit and credit cards for making payments on the FinuTrade platform, including VISA and MasterCard. If not, they have also added some e-wallet options, such as Neteller, Skrill and WebMoney. Transactions via these methods are processed instantly, as these tend to be relatively quicker than other choices. As far as your withdrawals are concerned, you can choose from these methods, but AML policies dictate that the same option be used for both deposits and withdrawals for the amount that you deposit.

For instance, if you deposit $1,000 via bank transfer and later want to withdraw $1,500, then you have to withdraw $1,000 via bank transfer and the remaining $500 can be withdrawn via another method. As far as withdrawal requests are concerned, FinuTrade approves them within 2 business days for the convenience of its clients. If you have verified your account by submitting the documents mentioned earlier, you will be able to make your deposits and withdrawals easily and will have no problems in executing your trades.

Final Word

Along with these features, you will find that excellent and round the clock customer support has also been added by FinuTrade for facilitating its clients as much as possible. They also provide competitive trading conditions that can be used by traders for making high profits. The security measures and educational resources provided here are also top-notch, leading to a profitable trading experience.