Finame

Overview of Finame

Offering a wide variety of financial instruments as well as all-inclusive trading solutions, Finame is a trading service provider. Founded in 2017, Finame is governed by the government of Cyprus and provides its customers with easy-to-use tools such as MetaTrader 4 and WebTrader to access international markets. The brokerage's varied asset offers and personalized account kinds, which are designed to accommodate different trading styles and tactics, are intended to offer competitive trading conditions.

Is Finame Legit？

Finame is a regulated entity, holding a license for Straight Through Processing (STP). The regulation is overseen by authorities in Cyprus, with the specific license number being 334/17. This ensures that Finame adheres to the financial regulations and standards set forth by Cyprus, providing a layer of security and compliance in its operations.

Pros and Cons

Finame is a licensed trading platform with access to well-known platforms like MetaTrader 4 and WebTrader, as well as a no-hidden-commission policy that ensures a safe and transparent trading environment. A wide spectrum of traders find the platform intriguing as it provides a diverse selection of tradable assets. It does not, however, adequately explain leverage possibilities or offer a wide range of incentive alternatives, which would increase its allure. While Finame does well in a number of areas, there is still need for improvement to fully satisfy trader expectations. This is further evidenced by the fact that the ambiguity surrounding deposit methods may act as a deterrent for traders seeking particular payment choices.

Trading Instruments

The trading instruments offered by Finalinvest include Forex, Futures, Indices, Shares, Metals, ETFs, and Cryptocurrencies. These options provide a broad range of markets for investors to engage with.

Here is a comparison table of trading instruments offered by different brokers:

Account Types

Finame offers two primary account types:

1. FinaPAMM Account - This account type is designed for those who may not have the time or expertise to trade themselves. It allows investors to have their portfolios managed by top traders who execute trades on their behalf.

1. FinaSignals Account - This provides access to free daily trading signals, supporting investors who prefer to make their own trading decisions with additional market insights and recommendations.

Spreads and Commissions

Finame offers tight spreads and no hidden commissions, allowing traders to engage in transactions with minimal costs and more transparent pricing.

Deposit & Withdraw Methods

Finame allows trading account funding starting from a minimum deposit of $200.

Trading Platforms

Finame offers trading on the MetaTrader 4 platform, as well as through their WebTrader interface. These platforms allow users to trade, invest, and manage their portfolios on both desktop and mobile devices.

Customer Support

Finame's customer support can be reached at their phone number (+357 22059059), via email (info@finame.com), or at their physical address at 62 Athalassas Avenue, 3rd Floor, Office 31, 2012, Nicosia, Cyprus.

Trading Tools

Finame provides a suite of trading tools that includes technical analysis tools with various indicators and advanced charting capabilities. These tools are designed to assist traders in making informed decisions based on market trends and data analysis.

User reviews

User 1: “I've had a great experience with Finame's MetaTrader 4 platform. The spreads are really tight, which is perfect for my trading style. However, I wish they had more options for deposit methods.”

User 2: “The FinaSignals account has been a game changer for me, providing excellent trading signals daily. Customer service has been responsive, but the lack of detailed information on leverage options is a bit frustrating.”

Conclusion

Finame is a well-regulated broker offering a range of trading instruments and platforms suitable for different trading strategies. Its commitment to transparency through tight spreads and no hidden fees makes it a competitive choice. However, the lack of detailed information on some operational aspects like leverage and deposit methods might require potential users to contact customer support for more detailed guidance.

FAQs

Is Finame a regulated entity？

Yes, Finame is regulated in Cyprus with license number 334/17.

What types of trading accounts does Finame offer？

Finame offers FinaPAMM and FinaSignals accounts.

What trading platforms are available at Finame？

Finame provides MetaTrader 4 and WebTrader platforms for trading.

Can I start trading with Finame with a small investment？

Yes, the minimum deposit to start trading with Finame is $200.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.