Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from Finotec review
About the broker
| Web: | https://www.finotec.com/ |
| License: | FCA |
| Supported languages: | English |
| Year of foundation: | 2007 |
| Holder: | Finotec Trading UK Limited |
| Headquarters: | Mappin House, Oxford Circus London W1W 8HF, United Kingdom |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | contact@finotec.com +44 (0) 20 351 45555 |
| Deposit methods: | Bank transfer, Debit and Credit Cards |
| Withdrawal methods: | Bank transfer, Debit and Credit Cards |
About trading with Finotec
| Minimum deposit: | 200 USD |
| Min. trade: | 0.01 |
| Spreads: | Variable |
Underlying assets: Might be a CFD. | Forex (45), commodities (5), indexes (11) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | Currenex |
| Social trading: |  |
Random reviews of competing CFD brokers: Trade, Rakuten Securities, MaximusFX and FullertonMarkets
Frequently Asked Questions
🧐 Is Finotec a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Finotec is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with Finotec is very simple, just register on their website.
📱 Does Finotec offer the best mobile app for trading?
Finotec offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Finotec mobile app.
⚖️ Would you recommend me Finotec?
Finotec is one of tens (possibly hundreds) of brokers operating in the United Kingdom, and that's why it makes no sense to choose Finotec as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with Finotec, please share it in the comments to help others to choose the suitable broker.