Choosing a broker is an important decision because it can have a direct impact on your profits from trading. Check out this FinuTrade review to understand how this broker distinguishes itself from the rest and whether it is capable of catering to you, or not.
There have been a lot of changes in different industries in the last couple of decades. Technology has made a big difference everywhere and has helped simplify many processes and brought about changes that no one could have imagined. The world of trading has also undergone massive change because of technology. Gone are the days when you had to go out to find a broker to help you trade in the financial markets. Today, the financial markets can come to you in the comfort of your home, as technology has brought everything right at our fingertips.
Since its introduction, online trading has become a colossal success and this trend doesn’t appear to be slowing down at all. As a matter of fact, it has only grown with each passing year, as more and more people are realizing its potential. Everyone wants to invest small and earn big and online trading is the perfect opportunity to do so. Plus, you don’t have to worry about running out of opportunities because the financial markets are brimming with them, thanks to the countless instruments that can be traded.
In order to access these markets, you don’t have to encounter any such barriers to entry, but there is one prerequisite that you have to meet; find a broker. Yes, just like you had to go to a broker for trading before, you still need them to trade online. So, where do you go to find one? You obviously turn to the internet and here you will find hundreds of options at your disposal. Over the years, the number of brokers has increased drastically due to the influx of people in the financial markets.
There are different types of brokers you will find; those who specialize in one market, and others who offer access to various ones. Likewise, there are those that offer their services to a specific type of trader, such as beginners, and others that are catering to everyone in the market. Some have been operating in the market from the beginning, while others are relatively new. This much variation is enough to flummox anyone and people are unsure of how to proceed. How do you choose one broker? Should you just opt for the first one you find? Is there something specific to look for?
It is natural to be confused when you find yourself facing such a challenge, but you shouldn’t make the mistake of selecting just any broker. Choosing randomly is not recommended because not all companies in the market are legitimate and reliable. There are shady and fraudulent brokers as well, which are looking to exploit people and con them out of their money. Hence, you have to be extremely cautious and do your homework before you trust any broker. Even if the company is not a scam, it doesn’t mean that they will provide quality services at all times.
Their services or features may not be what you are after and this is something to bear in mind when you have to select one broker. The ideal way to make your selection is to find a company that can be distinguished from the rest for its quality of services and offerings. Indeed, such options do exist and FinuTrade appears to be one of them. Many people may not give it a second glance because it is not as experienced as some of the others since it is new, but this Mauritius-based company has developed a positive reputation within a short span of time.
This is all because of its impeccable and professional services that have helped it in gaining the attention of traders all over the globe. If you are wondering how this broker has managed to distinguish itself, you can go through this FinuTrade review to find out:
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies and Commodities.|
|Trading Tools||Trading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research|
|Customer Support||24/5 support via email address, phone number online contact form and an FAQ section|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||FinuTrade Holdings LTD|
They offer a secure trading environment
Everyone is aware of the benefits of online trading; the ease, convenience and flexibility are all huge advantages that no one can ignore. But, there is a price to be paid for enjoying all these perks. These are the security concerns that you have to deal with because the internet is a hotbed for scammers, hackers and other cybercriminals, all waiting for the smallest of opportunity to make more victims. No one wants to end up being a victim, but does this mean you should abandon online trading altogether? Not take advantage of the profit potential?
This would definitely be a big loss for many because you miss out on the chance of making a fortune from the trading space, as others have done before you. But, if you decide to trade, what of the security risks? These cybercriminals don’t just cause monetary losses by stealing your hard-earned money; they also target your personal and sensitive information, which is either misused in some illegal activity, or sold to other criminals for same. You don’t want that to happen to you, but the problem is that signing up with a broker online means that you have to deposit your money with them, and also give them access to your sensitive data.
In this scenario, your priority should be to find a broker that can protect your money and your information as well. Since you will be entrusting them with both, they should take the right measures that can keep them safe as much as possible. This is where FinuTrade has managed to outshine all the rest of the brokers in the market because they have created a safe and secure trading environment for its clients. Here, they prioritize the safety of your funds, along with the security of your personal data. You can check their measures and satisfy yourself before you open an account with them.
First and foremost, FinuTrade follows the rules of customer account segregation for managing all deposits made with them. This means that they maintain their client accounts separately and with reputable banks to prevent them from being misused, misappropriated or stolen. Other than ensuring the safety of your funds, they have also used SSL (Secure Socket Layer) certificates on their website. These monitor and keep track of all incoming traffic and advanced encryption technology is used for encrypting all confidential data.
Every piece of data is encrypted right away as soon as it is entered and this ensures that no outsider, or third-party can gain access to it without proper authorization. You will also find out that FinuTrade is compliant with the Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies. These are used internationally for adding a layer of security to the platform. Their aim is to mitigate the risk of financial fraud, identity theft, money laundering and terrorist financing. How is this accomplished?
In accordance with these policies, traders are required to provide documents that can be used for proof of identity and proof of residency. The former requires a colored copy of a national ID card, driver’s license or a passport, while the latter needs a tax bill, bank statement, or a utility bill, such as gas, electricity, and water or land-line phone. For identity, your name, date of birth and picture needs to be clearly visible and for residency, your name, address and date of issue should be clearly stated. The latter shouldn’t be older than six months.
When FinuTrade collects this much data, it can help in preventing fake accounts on the platform, thereby keeping cybercriminals away.
They give room for portfolio diversification
If the security environment provided by a broker is good enough, you can take a look at the other features to ensure they can help you in trading. The asset offerings of a broker should be your next priority because they are what you will trade for making the profits you want. No two trading instruments can promise you the same level of returns and this is something you need to bear in mind. The profitability of an instrument can depend on various factors, such as its demand, volatility, market and more. You need to decide what kind of instrument you want, depending on your goals, risk tolerance and your budget as well.
The financial markets are filled to the brim with options, but you cannot possibly trade them all. Likewise, a broker doesn’t give you access to all the instruments in a market, so you need to take a look at the options given and then decide if they are what you want. Many brokers promise people a multitude of instruments to choose from, but they don’t really deliver on this claim and this can be highly disappointing. A lot of people want access to a variety of instruments because they want to be able to diversify their portfolio.
After all, one of the best ways to manage your trading risks is through portfolio diversification. When you are trading different types of instruments, it can help in setting off the losses from one with the profits from another. But, not ever broker can provide you with enough choices to help you in taking advantage of this strategy. This is where FinuTrade has distinguished itself from the rest of the platforms in the market because their asset offerings are extensive and diverse. They give their clients access to trading products in more than 3,000 financial markets.
This is a big benefit because it ensures that every trader can find an instrument to trade, regardless of their risk tolerance, and still be able to achieve their goals. The options FinuTrade has added belong to some of the world’s biggest markets and are quite profitable and popular ones. You can start with the foreign exchange market, which is known as the biggest financial market across the globe. It comprises of major and minor currency pairs that can be traded for earning big profits. A $5 trillion daily trading volume indicates just how much potential this market has.
Traders can choose from numerous options, such as EUR/USD, CAD/NZD, AUD/JPY, EUR/GBP, USD/CHF and GBP/USD. The stock market is another option FinuTrade offers to its clients and you can buy shares of some of the world’s most renowned companies. These include Amazon, Spotify, Apple, Tesla, PayPal, Facebook and eBay. If you prefer a market with low volatility, the commodities market is an option you can check out. There is an array of commodities available here, which include hard and soft ones. The former refers to precious metals like gold, silver, copper and platinum, while the latter refers to agricultural products like wheat, sugar, coffee and cotton.
There are also energy commodities, such as crude oil and natural gas, which you can trade. Apart from that, you will also be able to enjoy the opportunities of the cryptocurrency market via FinuTrade’s platform. They have added some of the leading digital currencies to their offerings for the convenience of their clients and these include Bitcoin, Bitcoin Cash, Ripple, Litecoin, Ethereum and Monero.
They have an advanced yet simple trading platform
Trading online is made possible by brokers through software especially developed for this purpose, which is called a trading platform. This connects to the financial markets and allows people to execute their trades and also provides them with essential trading tools. Therefore, it is the most vital offering of every broker and can have a huge impact on your trading experience. If the platform doesn’t perform well, lacks any important tools, or has outdated technology, it can create a lot of problems for you. It can even prevent you from taking advantage of some market movements by not providing updates, or lagging frequently.
This is something you want to avoid, particularly when you want to make high profits as quickly as possible. In this case, you want a platform that can keep up with the markets and allow you to tap into all movements as quickly as possible. This is where you will find FinuTrade’s trading platform to be exceptional because it is powered by AI technology. It can be immensely helpful in improving your trading strategies because it provides you with personalized trading insights. The innovative and cutting-edge technology provides lightning fast trade execution that can allow you to maximize your trading.
The platform has also been designed to provide regular live updates as well as price alerts for more than 3,000 financial markets. Moreover, it has also been equipped by FinuTrade with some of the most advanced charts and graphs, analytics tools and tech indicators. They also have a hedging mode and have incorporated risk management tools for minimizing trading risks through different order types. In order to cater to all traders, they have come up with a highly intuitive and easy-to-use interface that makes the platform easy to navigate.
It is a multi-asset trading platform, which means you can trade numerous instruments through a single dashboard. The best part about the FinuTrade trading platform is that it is web-based, which means that you access it through the web browser. This saves people from having to download and install the trading platform, which is extremely convenient. It can be accessed on any device that you have handy, whether it is your desktop PC, or your mobile device, such as smartphones and tablets. This gives you a lot of freedom because you can trade from anywhere and anytime.
They have a quick registration process
Registering with a broker is a requirement that you have to complete in order to start using their services. However, there is no standard procedure used by companies, so you have to know what to expect when you opt for a specific platform. The steps and prerequisites can vary and checking them beforehand can help you in preparing yourself, so you can complete them as quickly and efficiently as possible to start trading right away. If you check reviews of different brokerages, you will find that some tend to have very complicated and lengthy procedures.
In some cases, traders are expected to fill out a ton of forms, in others they are asked to sign contracts. Some companies make traders wait before approving their registration requests. You will come to know that FinuTrade has managed to distinguish itself in this respect as well because it has kept its registration process quick and straightforward for everyone. They don’t have any such complex requirements and you will be able to complete the process fairly quickly.
To initiate it, you need to visit the FinuTrade website, where you will see an Open Free Account button. Clicking on it will provide you with some account options and you can choose the one that appeals to you. Next, you have to fill out a form on their website and this one asks for very basic information. You have to share your first and last name, country you are in and your phone, along with an email address and password. After providing these details, you have to agree to the Terms & Conditions on their website and then confirm that you are 18 or above. As soon as you are done, the registration process will be over and you can move onto the next step i.e. adding your funds to begin trading.
They have convenient payment solutions
Making deposits and withdrawals is part of the online trading process. After all, you cannot start buying any trading instrument without money, so it is an essential step that has to be completed. But, the important question you need to ask is how. You have to figure out how you will make your deposits with the broker and later, withdraw your profits. As mentioned earlier, there are security risks where your payments are concerned, so you have to check what methods are provided to you by a broker to ensure they are safe.
Every broker will offer the methods as per their preference and you need to check if it is suitable for you or not. A range of payment solutions have been added by FinuTrade for its clients, both traditional and modern, to allow everyone to make deposits and withdrawals easily. You can opt for bank wire transfers, use debit and credit cards, such as Visa and MasterCard, or e-wallet options like Skrill, Neteller or WebMoney. Bank wire transfers are quite secure, but this method takes at least seven working days to process transactions. The other two methods are relatively quicker.
When you want to make withdrawals, you can use the same options, but it is important to remember that your account needs to be verified in order to do that. This means complying with the AML and KYC requirements. In addition, it takes approximately 2 business days for FinuTrade to approve withdrawal requests. You also have to use the same method for withdrawal as for deposit in compliance with the security policies and your account or card details need to match the ones on your trading account. Third-party cards or accounts are not supported on the platform for security purposes.
You will also find the customer support provided by FinuTrade to be much more comprehensive and robust than the other brokers out there, along with their trading conditions. You have the opportunity to make the most profits, polish your skills and achieve your goals, thanks to the secure environment provided to you here.