FINMARKET review

As a CySEC regulated brand, FINMARKET offers a well-rounded online trading experience to investors at any trading level. This broker is one of the few to offer expert service providers not only trading wise, but also compliance wise, by professionals who make sure your performance is fluent and undisrupted. With over 150 popular market assets and a diverse selection of trading tools, this brand is one to join hands with.

Established in 2015, FINMARKET operates its online investment services spread through several countries around the globe, with its headquarter offices in Cyprus, one of the most popular trading broker destinations, thanks to the firm regulation center it holds. This brokerage offers Forex and CFD online trading services and manages its financial activity under CySEC regulation (Cyprus Securities and Exchange Commission), together with a Cyprus investment firm K-DNA Financial Services Ltd. Due to its CySEC certification, FINMARKET is able to offer cross-border online trading services to all EU members, as it is MiFID compliant.

Furthermore, FINMARKET is one of the few regulated brands which holds CySEC advanced level 2 account managers, as its employees have a vast background in the compliance domain.

Finmarket Trading Accounts

Offered account types, spreads, leverage & commissions

FINMARKET offers 5 main account types that vary according to the initial deposit amount, as the basic account type, Blue, requires a minimum deposit of $250. Next there is the Silver account type, the Gold account, Elite account and the Islamic account, while all types offer an STP (Straight Through Processing) brokerage execution and negative balance protection. The main differences between the 5 account types concentrate on the lower average spreads. The spreads change as the minimum deposit increases, according to the offered account type. The spread offered in the Blue account is floating from 0.4 pips, the Silver – floating from 0.2, Gold – floating from 0.1, Elite – floating from 0.1, Islamic – floating from 0.65 pips.
The maximum leverage stands at 30:1 as per compliance with CySEC regulation standards, and commissions vary according to the application that the traders wish to execute. For example, a $5-$10 commission per lot is applied upon position opening for traders who own a Platinum account.

All accounts offer a demo account for traders to practice their performance through, assisted with detailed market analysis and elaborate charting, which are available on the site as a part of FINMARKET’S offered trading tools.

Trading instruments image

Trading instruments

FINMARKET offers a diverse array of over 150 tradable assets, individual as well as wrapped in CFDs, over 30 Forex currency pairs such as EUR/USD, AUD/JPY, EUR/GBP, major stock market indices such as NASDAQ, FTSE and S&P 500, wide selection of cryptocurrencies, commodities including Crude Oil, Gold, Silver, Coffee, and over 160 individual stocks of strong market holders such as Amazon, Apple, Netflix.

Other than offering a wide range of popular market assets, FINMARKET makes sure that its investors are aligned with current market news and events, by offering assets related to current market trends, and are in high demand on real-time. The Cannabis based product market, for example, is showing a growing financial impact, and FINMARKET presents its investors with possible investment opportunities that circuit Cannabis related market-moving companies.

Finmarket trading platform

Trading platform

FINMARKET offers its investors a choice between 3 flexible trading platforms: MT4, Web Trader & Mobile Trader. 
MT4 is one of the most commonly utilized platforms in the trading community. It is used in almost 90% of the forex brokerages in today’s industry, mostly due to its integrated trading tools, including advanced charts and indicators. MT4 is also known for its fast execution ability and quick response.

The Web Trader platform also presents a highly user-friendly interface, offering modern visual trends, trading cubes, one-click trading option and interactive social trading features.
The Mobile Trader platform maximizes the trades potential as it enables a fluent operation based on trading efficiency.

Security of customer funds

Security of customer funds

As a part of the CySEC regulation parameters, FINMARKET’S traders are protected by the Investor Compensation Fund, meaning each trader is insured with up to €20,000 in case the company turns insolvent or stops all activity. Clients’ personal and financial information is transmitted via SSL encryption, while customers’ funds are segregated from the company’s operational funds.

Deposits and withdrawals

Deposits & withdrawals

FINMARKET’s customers can make deposits and additional payments using wire/credit transfer, together with an offered electronic payment method named Ecommpay.

Withdrawals are usually applied through the same payment method the customer made a deposit with.

Trading Academy Finmarket

Education & customer support

As a brand that directs its service to supply comprehensive trading services to its customers, FINMARKET displays a large educational center through which traders, at any level, can utilize as a personal academy for bettering their financial investments:

  • Personal account manager
  • Diverse trading tools
  • Daily market reviews
  • Forex VOD library
  • Offered London Stock Exchange course
  • Real-time market updates
  • Trading strategies
  • Social trading
  • METATRADER tutorials
  • Forex eBooks

Customer support wise, the company operates a 24/5 available support formation, 9am to 9pm, Monday to Friday, as well as a Live Chat function.

In conclusion

FINMARKET is a high-standard-regulation forex & CFD broker that makes sure it provides its customers with a well-rounded trading operation. With multiple offered assets, strong InfoSec formation and a convenient selection of trading tools & platforms, this brokerage stands at the top of the food chain.