Finaguide -Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in Saint Vincent and the Grenadines, Finaguide is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, stocks, as well as digital pairs. With Finaguide, investors have the flexibility to choose from five trading accounts, and the minimum deposit to invest with this broker is really high, reaching up to $2,500.

Finaguide is officially managed by Finaguide Ltd., with a business address at Two International Finance Center 8 Finance Street Hong Kong, with Business Number 26713BC2022.

What Finaguide offers is not the industry-leading MT4 or MT5 trading platform. Finaguide is not authorized or regulated by any regulatory authorities, please be aware of the risk involved.

Market Instruments

Finaguide boasts that it offers the great opportunity to enter into various mainstream and popular trading instruments, such as Foreign Exchange, Commodities, Index, Stocks, Digital Pairs.

• Currencies: Trade over 80 major and exotic currency pairs, with up to 1:400 leverage and access 24 hours a day.

• Spot Metals: Trade gold, silver, and other popular metals on any device

• Commodities: Trade a wide range of agricultural and energy commodities heavily influenced by global events, such as WTI Crude, Brent, Coffee, and wheat.

• Indices: invest in a collection of stocks by trading some of the worlds leading indices, including DJI, UK100 (FTSE) and Germany 40 (DAX).

• Digital Pairs-Trade popular trading assets, such as Bitcoin, Ethereum, Solana and XRP.

• Stocks: Trade leading stocks companies, such as Telsa, Alibaba, and Netflix, and more.

Account Types

Finaguide offers a total of six types of trading accounts to suit its clients different trading needs, including Beginner, Standard, Intermediate, Advanced, Integral and VIP. However, the minimum deposit to open an account with Fingude is quite high. To open a Beginner account, the most basic one, you need to fund at least $2,500, which is insanely high. Bear in mind that most legit forex broker only asks for an initial deposit of less than $100 to open an account designed for beginners or inexperienced traders.

Leverage

Problematically, Finaguide permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads

Spread details are not mentioned on the Finaguide website.

Trading Platform

Finaguide fails to offers its clients access to the industry-leading MT4 or MT5 trading platform, and it offers a proprietary trading platform available on web and mobile devices.

Educational Resources & Trading Tools

Asides from trading platforms, Finaguide also provides limited educational resources, such as Economic Calendar, Contract Expiry Dates, Trading Active Hours.

Payment Methods

The minimum amount to deposit is set at $2,500 and this broker does not disclose what payment methods it supports for clients to make a deposit and withdrawal.

Customer Support

Traders can reach out to Finaguide E about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +18009516353

Email: info@finaguide.com

Clients can also find some basic answers on its Common Questions section or follow this brokerage house on Facebook and Instagram.

Restricted Services

The services of Finaguide are not offered to

• Residents of some countries, including North Korea and the US

• Users under the age of 18, or otherwise under the legal age in their country of residence, or who, otherwise, cannot form legally binding contracts under the law(s) applicable in their country of residence

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.