Finmarket Review 2018

Finmarket Review

Finmarket Review

Today, we will be taking a look at a slightly younger company. Finmarket has only been around for about three years or so, but there is no denying that they are a well-established company now. Just glancing over their website’s main gives you an impression of seriousness and professionalism. However, is that all just a façade or is this really a partner worthy of your time and money? That’s what we went to find out and the results are pretty impressive. We had our best analysts at work here, so you can be 100% sure that you will get high-quality and reliable info in the rest of this article from the people who have actually traded on this website. Stick around because this Finmarket review is about to get very interesting.

Finmarket trading platforms

Let’s take a look first at the available Finmarket trading platforms, since this is where you will be spending most of your time if you choose to make a deposit with the broker. They play it safe in this regard and offer two tested and reliable trading environments which everyone should appreciate, really.
The first one is the Finmarket MetaTrader 4 platform. What can we write here that hasn’t been said about this incredible piece of software? You’ve got your charts, you’ve got loads of indicators, you’ve got incredible speed and perfect execution, and everything is extremely easy to use. What more could you ask for? There’s a reason why this is the most popular trading software in the world by a country mile. Well, several reasons, actually. All you have to do is download this Finmarket trading platform, and in just a minute or two, you’ll be all set for trading.
If you don’t want to download anything, there’s a solution for that, too. It’s called Finmarket Webtrader, and it’s another classic in the trading industry. Loads of statistical data, great analytical features (trading cubes are our favorites) combined with the ability to copy other traders’ investments provides you with an awesome trading experience. You can literally invest with a single click. Therefore, no matter what you go for, you’re in for a treat. But the trading platforms are just the beginning of the story. What else will this Fimarket review bring you? Read on and find out!

Finmarket Trading Platform

Finmarket Trading Platform

Finmarket app

Every serious broker has to have an app, and this company is no exception. Finmarket app, also known as Finmarket Mobile Trading Platform is how you can stay in touch with the market on the go if you open an account here. You can download it (for free, naturally) both from App Store and Google Play, which means both iOS and Android devices are supported.
Once you get your Finmarket app, you will be able to log in with your existing account and everything will automatically be synced with your mobile phone (and vice versa, obviously). Once you enter the application, you will see that its design is optimized for mobile devices, so that you can trade comfortably. Apart from that, there isn’t much difference between this and the regular platform. What is particularly interesting about this mobile trading platform is that through it you can receive news, updates and even analyses of the market, which can com in really handy if you’re not sure about where to invest next. You also have access to every trade you have ever opened here, so you can analyse everything you do and figure out how to improve your success rate even when you’re on the move. In short, Finmarket app is everything a trader could want from a mobile trading platform, and if you’re not home a lot, this is an excellent solution if you want to trade. Let’s move on.

Finmarket Trading App

Finmarket Trading App

Trading conditions

So, the environment is great, but what can you actually trade here? Many different types of assets. For starters, allow us to say that you can choose between well over 100 investment targets (closer to 150, actually), which really should be enough to satisfy everyone’s needs. And there are all kinds of assets too, so all kinds of traders will be able to trade here.
The main meat of the offer are Finmarket CFDs which can be traded on currencies, commodities, stocks, indices and even cryptocurrencies. You have a lot of options, as you can see. But that’s not the only type of trading available here. Finmarket forex pairs are also extremely important to the overall offer as there are more than 30 of them in total. That’ means you can expect some pretty interesting currencies to come your way, apart from major currency pairs, of course. Dozens of stocks can also be found, with indices and commodities right behind them. In short, no matter which type of assets you want, it’s here.
Finmarket leverage can be used in most cases, and it’s very interesting to see how it works. The fact that it is currently set to 1:30 tells you that the company adheres to the latest financial laws in the EU. However, you will be able to use the maximum Finmarket leverage only when trading forex. For CFDs, it goes up to 1:20, and the same case is with indices. You can get some leverage even when trading stocks, but that goes only up to 1:5. But we have one more asset type to discuss, one that has only recently entered the global stage in a significant manner, and we are going to dedicate to it one whole segment of this Finmarket review.

Finmarket cryptocurrencies

Yes, it’s time to look at the cryptocurrencies you can trade on this website. These days no serious broker can allow itself to omit them from its offer, and Finmarket is no different. Still, there are some interesting propositions you should pay attention to.
Finmarket cryptocurrencies are not limited just to the most popular virtual coins like Bitcoin, Ethereum and Ripple. No, apart from them, they also include things like Bitcoin Gold, Dash, Litecoin, Monero and Ethereum Classic. And the way things are going, we wouldn’t be surprised if any other cryptocurrencies were added to the list soon. What is interesting about trading this particular type of assets with this company is that you can rely on help of the company’s professional traders who can provide you with some advice if you get stuck. Therefore, don’t miss this chance to enter the exciting world of cryptos. This really is an excellent way to get started. But before you can start investing in any asset, there’s something you must do. Read all about it just below.

Finmarket Cryptocurrencies

Finmarket Cryptocurrencies

Finmarket account types

Before you can make your first investment, naturally, you have to open your Finmarket account. There are several packages on this website, so you will want to choose the right one depending on the type of trader you are. This is what you’re offered.
Blue Finmarket account is the most basic account type you can open. The minimum deposit for it is 250$, the spreads start from 0.4 and you will have 50 instruments at your disposal. The next step is the Silver account, but here the minimum deposit is $5000, so a significantly bigger initial investment will be required. However, your spreads will start from 0.2 and you will have 20 more instruments to trade with. Gold members will have to deposit 20,000$, whereas if you want to be an Elite member, you will need to make a 50,000$ deposit. These last two account types are fairly similar in terms of features, as both provide you with 100 trading instruments and 0.1 spreads.
The thing is, all Finmarket accounts participate in collecting FMP points, which can then later be exchanged for something useful. That’s where Elite members get the best deal, since they will receive 3 points per lot (Gold members get 2, Silver 1.5 and Blue 1). Furthermore, all account types also offer you something in terms of education, although we have to say that the Blue account is lagging behind in that sense because it only provides you with access to the video library. Other accounts will give you your personal manager, for example, and daily market reviews.
Nevertheless, we feel that what Finmarket accounts offer is more than enough to satisfy everyone’s needs. However, there is one other special package we need to look at.

Finmarket Academy

Finmarket Account Types

Finmarket Islamic account

If you’re a Muslim and would like to trade in full accordance with the rules of your religion, there is a solution here for that too – the Finmarket Islamic account. This is where you can trade swap-free, and you only need to deposit 500$ to get started. So, just a little bit more than the most basic account type here. You will get to trade with more instruments than with the Blue package, however, since there will be 70 of them to choose from. One thing that you will have to be careful about with the Islamic account are the spreads, which will start from 0.65 (floating spreads, just like with all other account types). These are the highest spreads in the broker’s offer. We also have to say that you get a lot of helpful tools with the Islamic account, and even a personal manager will be there to assist you. The only thing you won’t have access to is the London Stock Exchange Course the company offers, which is reserved for the top two account tiers only. All things considered, though, the features mentioned in this part of Finmarket review should be more than enough.

Finmarket demo

Oh, but we’re not done with the account types in this Finmarket review. There is one more we haven’t mentioned – the demo account. If you’re looking for it on the main page, you might make the mistake of thinking they don’t have one here. They do, but there is a catch: you have to create an account first. We do believe that it would be much better if you could use your Finmarket demo account right away, since a lot of brokers don’t require you to go through an extensive account creation process for that, but that’s a minor complaint. The important thing is that you can test everything out.
And we really do mean everything. When you initiate the demo account, you will be facing an exact copy of the live platform, i.e. you will be practicing on the MT4 software. Therefore, you will be able to see how every single indicator works, how best to use your charts and how your ideas and plans would work on the real market. Moreover, with Finmarket demo account, you will have 50,000 virtual USD at your disposal, so you really should be able to thoroughly test every conceivable strategy. Just remember that since this demo account is on MetaTrader 4, you will need to download the platform to be able to use it. But enough about trading, what about the financial side of things? That’s next in our article.

Finmarket deposit

Moving on to payment methods, and we will start with Finmarket deposit. How can you make it, what do you need and how smooth is it? Well, everything works as it’s supposed to, that much we can tell you right away (also check out our Finmarket Scam Test for more info on that), but we will dig deeper to show you exactly what to expect.
Like we said earlier, the minimum Finmarket deposit is 250$, which is enough to create the most basic account type. That’s a fairly standard requirement in the industry – nothing to write home about, but nothing too high, either. The good news is that there are no deposit fees, at least the broker will not charge you anything. If you go through a bank, the chances are they WILL charge you something, but there isn’t really anything Finmarket can do about that.
Since we’re on the subject, we should also take a look at the deposit methods you can use here. The selection is pretty good: as you could’ve guessed from the last few sentences, bank transfers are an option, but you can also use Visa, Maestro and MasterCard debit and credit cards. In addition, you can also use Skrill and Neteller to fund your accounts, so we can say that all the most important methods are well covered. But what happens when you want to get your money back? That’s what we will be talking about next in this Finmarket review.

Finmarket Deposit Methods

Finmarket Deposit Methods

Finmarket withdrawal

So, Finmarket withdrawal. What do you need to know about it? Well, first and foremost, every withdrawal you make will go through the same method you used to make your deposit. Therefore, we can say that the withdrawal methods in this case are the same as deposit methods, but that’s really a standard practice in the industry. All you have to do is think ahead and keep in mind that however you fund your account, that’s the way you’ll get your money back.
Now, a good thing about Finmarket withdrawal is that there is no minimum requirement for it. You can withdraw as little as you want whenever you want. That is rare in the trading industry and certainly something that will grab the attention of many traders, but there is a catch. You see, every Finmarket withdrawal charges a 35 EUR fee, so you may want to wait until you have a bit more to withdraw. Now, you may be able to cut this fee down a bit or maybe even get a free withdrawal if you talk to your account manager, but the default position is that 35 EUR will be deducted from you. On the plus side, there are no upper limits to Finmarket withdrawals, meaning you can withdraw as much as you like as often as you like. So, if you’re successful, you could indeed access your money easily. But how can you become successful? Well, the broker can help you if you want to learn. Read how you can improve your skills next!

Finmarket Withdrawal

Finmarket Withdrawal

Finmarket Academy

Not all traders have the same amount of skill and experience, which makes the educational offer on a broker’s website very important for beginners. But we’re sure experienced investors won’t mind if they can get their hand on good educational materials, either. So, what does Finmarket have to offer in that respect? Quite a lot.
Finmarket Academy is composed of 10 separate units, which is very impressive in and of itself, but each of those units was very carefully constructed, too. You have your e-books, videos on demand and even MetaTrader tutorials you can go through if you want to utilize this excellent platform to its full potential. But that’s just the beginning. You can also learn to reap the benefits of social trading, examine how CFDs work and see how you can set up your own trading strategy. Add to that a general crash course for beginners and an analysis of the most important trading tools, and you will be able to see why Finmarket Academy is such a great place to learn about trading. Don’t forget that you also have the market news section on this website, which will help you to learn on more concrete examples. There are also charts you can explore and an economic calendar you can use to plan out your every day, so when it comes to preparing you (especially if you’re a new trader) for all the challenges ahead, Finmarket gets a straight A. That’s not the only way they help you, though.

Finmarket Academy

Finmarket Academy

Finmarket support

No trading experience is complete without a good support crew. You need to be able to rely on somebody to provide information, and the people on this website are just what you need. First and foremost, we have to emphasize the Finmark live chat service which functions absolutely perfectly. You never have to wait more than a few seconds for an operator to appear, plus the issue is always resolved quickly. That’s because the support team is very well trained, very professional and always willing to help. Really, great service and keep up the good work.
Apart from that, however, there are other contact methods. Phone and e-mail are quite obvious choices, but there are several options for each of the two methods, meaning there are people who actually specialize in compliance and KYC issues, for example. Because of that, the quality of information you get is higher and you always know exactly who to contact.
The last thing we need to mention before we wrap up our Finmarket review is the fact that the broker is quite active on social networks. Facebook and Twitter can also be used to establish contact, but they also have their own YouTube channel. Going over there and taking a peek is certainly not a bad idea because you can learn some other interesting details that way. With that, we think we have enough material now for a solid conclusion, so stick around for one final paragraph of this analyses.

Finmarket Support

Finmarket Support

Finmarket Review – Conclusion

In the end, we can only recommend this broker. It has loads of assets to choose from, the trading environment is probably the best you can get in the trading world today, and there are many other interesting features to help you out here. We especially emphasize the number of forex pairs and cryptocurrencies you can trade here, which clearly shows the broker is keeping up with all trading trends. Don’t forget about the app, either.
The selection of account packages is quite impressive, and Muslim traders will love the fact that they have the option to open an Islamic account if they so wish. The demo account is there too, but that is just one part of an extensive educational system you can use on this website. Honestly, the broker’s Academy is extremely impressive, with an incredible amount of materials and basically all main trading topics covered. And if you ever need to ask something, the support crew will be there for you, and we strongly advise using the live chat app if you can. Simply, you get someone right away there and never have to wait very long for an answer.
In the end, if you’re looking for a broker that can provide a very solid service, this is most certainly it. We especially recommend it to those of you who are interested in cryptocurrencies because there are a lot of virtual coins you can trade on this website. But even if you’re into forex, CFDs or something else entirely, don’t hesitate – open an account with Finmarket and jump into the trading fray!

Author's overall rating:
Author: Ben Prescott
Updated:

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