Finotec is an online Forex trading site that gives users access to 21 global currency markets. Finotec offers three types of trading accounts: Demo which allows a person to learn how to trade foreign money without actually risking anything; Mini – Allows you to open an account with only $200 and trade at a margin as low as 0.5%. Standard – Gives you access to the standard Finotec trading platform and requires the investor to deposit a minimum of $10,000. The minimum transaction size is $50,000.
Product Feedback & Overview
Actual Customer Feedback:
“Other sites may be more adept at helping the user gain speed on the learning curve, but Finotec helps remove the barriers to market entry.” www.dailyforex.com
“Compared to the many other FOREX sites that are racing to grab a share of the online business, Finotec runs with the middle of the pack.” Openforextrading.com
“Finotec trading platforms are equipped with everything a forex trader can ask for to sell, buy, open and close positions.” Forexexplore.com
Training options are available but limited. They have a very nice website with many extras. It is easy to navigate and understand. The novice Forex trader can work through the website and make an educated decision about whether this site offers enough training information.
Product Details
Company Info:
Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998 with headquarters in the US. On one review, the CEO wrote, “It is a Nasdaq listed company with subsidiaries in London, New York and Israel. We own our own technology and are in the process of being FCM at NFA and registered in the FSA. We are different from all the other company in our special relation with customers, in fact we invest a lot in training and education during the acquisition of new customers and even during the whole business relationship with them. We are also offering a large variety of financial products and FX option. I encourage you to try out.”
Product Specifications:
It is possible either to use this service online or to download software and work that way. Otherwise, there are no hidden costs.
Price:
Minimum investment $200; for standard level it is $50,000. Payment method is credit card or wire transfer
Return Policy:
nothing to return