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Finotec Review

Posted By Marcus Holland On Tuesday, April 16th, 2013 With 0 Comments

A Review of Finotec

Introduction

Finotec is an ECN broker that provides its customers with first class forex operations. It was established in the UK in 1998, and has been maintaining its online services since 2002. Finotec is regulated by the Financial Services Authority (FSA) in the UK.

Asset Index

The asset index on Finexo is listed as follows:

INSTRUMENT AVERAGE SPREAD
EUR/USD 0.58
USD/JPY 0.58
GBP/USD 1.05
EUR/JPY 1.28
EUR/GBP 0.89
EUR/CHF 1.16
EUR/AUD 1.35
EUR/CAD 2.06
EUR/PLN 15.07
GBP/AUD 2.46
GBP/CAD 2.8
GBP/CHF 2.3
GBP/JPY 2.11
USD/CHF 1.03
USD/CAD 0.88
USD/SGD 1.67
USD/CZK 13.75
USD/NOK 18.31
USD/PLN 14.88
USD/SEK 19.14
AUD/USD 0.79
AUD/JPY 1.44
AUD/CHF 2.1
AUD/NZD 2.31
CAD/JPY 1.47
CAD/CHF 2.12
CHF/JPY 1.67
NZD/USD 1.36
NZD/JPY 1.87

 

Trading Platforms

On Finotec, the available platforms trading are:

a) FinotecPro – The FinotecPro ESPTM platform provides its users with real-time executable bids and offers necessary for high volume trading. It delivers continuous price feeds for fast execution, it has very user friendly tools that give flexibility to its users, and it has transparent compliance features. It is a proprietary platform developed by Finotec for its clients.

b) Finotec MT4 – Finotec’s version of the MT4 platform gives its users access to Finotec’s prime brokerage services and liquidity. It features the ability to handle high frequency markets and the large number of clients that are executing simultaneously. Finotec MT4 also provides traders with the ability to process trades much more efficiently, and the bridge between Finotec and MT4 adjusts in real time to the needs of clients. Clients have access to market data and liquidity irrespective of the prevailing market conditions or time of day.

Deposits and Withdrawals

Deposits and withdrawals can be made on Finotec through the following means:

a)      Bank Wire Transfer

b)      Credit/debit cards.

Withdrawals can be made using these two transaction methods.

Minimum Deposit

The minimum deposit amount required on finotec is 200 USD.

Minimum Withdrawal Limit

There is no minimum withdrawal amount.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposits and Withdrawal

The condition for withdrawal is that funds can only be transferred to the same account that was used to make the deposit originally, and all transactions must be in the account holder’s name name.

Customer Support

The customer support of Finotec can be reached via:

a)         Email: support@finotec.com

b)         Phone: +44(0)2035145555

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