FinoTrend-Some important Details about This Broker

Note: FinoTrend's official website - https://finotrend.com/ is currently inaccessible normally.

Registered in the United Kingdom, FinoTrend is an online broker, offers a wide range of trading instruments. However, please note that there is no evidence that FinoTrend is regulated by FCA or other regulatory agencies, be aware of the risk.

Pros and Cons

Is FinoTrend Legit?

No, FinoTrend is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on FinoTrend?

Account Type

A total of five account types are available with both retail and professional accounts: Beginners, Traders, Expert, VIP and Exclusive. The minimum initial deposit to open a Beginner account is absurdly high 5,000 EUR to 9,999 EUR, Besides, account services are almost same, including dedicated account manager. Trading signals are only available with Expert, VIP and Exclusive accounts.

Aside from five accounts mentioned above, the Islamic account is also available.

Leverage

The trading leverage differs depending on trading accounts. The leverage offered by five trading accounts ranges from 1:10 to 1:50.

It is important for forex traders to select the level of leverage that they feel most at ease with. Low leverage like 5:1 or 10:1 may be more acceptable if you're more conservative and don't enjoy taking numerous chances or are still learning how to trade currencies.

Trading Platform

Deposit and Withdrawal

FinoTrend allows its clients to make a deposit and withdrawal through Bank Wire Tranfer, Credit Card, as well as Debit Card.