Finetero Scam or Legit?

You have heard of people making millions in the trading market and do it from the comfort of their homes. There was a time, before online trading existed, when people had to venture out and trade in the physical markets. Luckily, technology has simplified the process, but the bottom line is the same; people have the potential of accumulating massive profits, as long as they make the right decisions. Thanks to online trading, even those who don’t have any experience or knowledge can dip their toes in this space in order to see how they would fare.

But, if you are interested in making the same kind of profits as the other traders, then you need to make some smart decisions. It is important to understand that choosing the right broker can make a world of difference in your trading experience, as well as the end result. With the right company to assist you, it will be easy to explore the different opportunities the financial markets have to offer. With the wrong one, you can end up exposing yourself to security risks, or suffer from monetary losses. Obviously, you would want to go with the former option, but this is easier said than done.

A quick search on Google will tell you that in the last decade alone, the number of online brokers has increased tenfold. This has its perks, as traders can enjoy competitive features and pricing policies, but it has also added a layer of challenge when it comes to finding a reliable company. Like every other market, this one also has its share of shady options that you need to steer clear of. It is possible to do so by doing a careful evaluation of the features and offerings that a company claims to offer to you.

Amongst the numerous choices in the market, one that stands out is an STP (Straight Through Processing) broker called Finetero. Based in London, United Kingdom, it was established in 2018 and has rapidly expanded its services to 150 countries in the world. Their website is available in five languages in order to cater to these clients and the company was founded by financial experts with an in-depth knowledge and understanding of what’s needed during the trading process.

Nonetheless, you need to know what you can get from Finetero if you decide to use their services. Check some of the details below:

Finetero’s Security Features

The first place to start your evaluation of any brokerage is their security features. In today’s online world, security risks have increased significantly and unless you want your hard-earned money stolen or your identity compromised, you should ensure that the platform you opt for has taken steps to mitigate these risks. Signing up with a broker involves sharing of personal information and depositing of funds, so it is essential for them to provide you with top-notch security. Finetero has not stinted in this regard and you will find some very strong measures added to their platform.

They ensure your trading account security with 2FA (two-factor authentication) to prevent unauthorized access. Encrypted SSL (Secure Socket Layer) is used for securing all website traffic and for protecting all data that’s shared with them. Finetero’s technical team performs regular checkups and tests, along with IT assessments, to eliminate any potential vulnerabilities. Apart from that, they also comply with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies for further protection for their clients.

These security policies are designed to reduce the possibility of identity theft, financial fraud, money laundering and terrorist financing. Traders are required to provide proof of identity (national ID card, driver’s license or international passport) and proof of address (utility bill, bank statement or credit card bill). For protecting the funds that are deposited with Finetero, the broker has opted to maintain segregated accounts. This means customer accounts are kept separate from the company’s own accounts, thereby reducing the possibility of any discrepancies. Also, all digital assets are kept in cold storage and hardware wallets for adding another layer of security.

Finetero’s Trading Assets

The profits you earn through the financial markets will greatly depend on the assets you are trading. The volatility and profitability of every instrument varies and you have to choose according to your risk tolerance and financial goals. But, the assets that are available will depend on what your broker can provide. You will certainly not be disappointed with Finetero’s offerings, as they have more than 1,000 instruments available on their platform, thereby ensuring that every trader can find something to trade.

In addition, such variety ensures that traders are free to diversify their portfolio, which can help in reducing their risks and maximizing their returns. You can trade a horde of CFD (Contract for Difference) instruments, which are spread across various categories. What are they? Let’s take a look:

• Stocks: One of the most popular financial markets is none other than the stock market, where traders have the opportunity of investing in stocks of prominent global companies. Amazon, Visa, BMW, Microsoft, Apple, IBM, Google, Yahoo, Twitter and Toyota are just some of the choices available.
• Forex: With a daily trading volume of more than $5 trillion, the foreign exchange market is one of the biggest in the world. You can trade different types of currency pairs, i.e. major currency pairs and minor ones. Some of the notable ones are EUR/USD, USD/JPY, AUD/USD, AUD/CAD, USD/CHF, EUR/GBP and GBP/USD.
• Commodities: One market that can offer traders consistent returns in the long-run is the commodities market, and it comprises of soft commodities and hard ones. The former include agricultural products, such as corn, coffee, wheat, cocoa and sugar. The latter refers to precious metals like gold and silver and even energies like crude oil and natural gas.
• Indices: As opposed to the stock market that deals with values of individual companies, indices involve trading values of different companies combined together. These are quite lucrative and some of the top options that you can explore are NASDAQ, FTSE 100, Dow Jones, S&P 500 and DAX.
• Cryptocurrencies: The newest addition made to the world of financial markets is that of cryptocurrencies. These digital assets are in hot demand and their volatility has made them extremely profitable for traders. Some of the cryptocurrencies you can trade include Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.

Finetero’s Trading Platform

Knowing what you can trade is not the only thing you need to be concerned about; you also need to look into how you can trade them. Sure, the trading instruments will determine how much you can diversify your portfolio, but if the trading platform offered to you by a broker is not up to the mark, your overall experience can be a disaster and trading can come off as very complicated and stressful. The platform you are given is at the discretion of the company you opt for. As far as Finetero is concerned, it has not made any compromises in this aspect.

You will find three different trading solutions to choose from when you sign up here, each of which has been designed for delivering an optimal trading experience. What are the options? Read on to know:

• MetaTrader 4

If you have searched for the best trading platform that can be found, you will come across the MT4, the gold standard of trading platforms. It is widely used by traders all over the globe and is considered the best option, as it delivers the best performance in the market. The MT4 offers superior trade execution and one-click trading features to its users. Even though it uses cutting-edge technology, it has a very user-friendly interface, which means there is no need to worry about a learning curve. It is also integrated with some of the top trading tools, such as premium trading signals, price alerts, live charts and custom indicators, along with market news.

• Web Trader

To cater to traders who prefer a simple trading platform that doesn’t come with the hassle of download and installation, Finetero has added the Web Trader. This trading platform is accessed through the company’s website and can be used on any number of devices that have a web browser. It is a multi-asset trading platform that also comprises of state-of-the-art technology, yet it is simple to navigate and use. It also comes with auto trading features to make it easy for people to make profits in the trading markets.

• Mobile Trader

Last, but not the least, you will also find that Finetero has added mobile trading options for its traders, as it is aware that people now prefer to enjoy flexibility in everything. These apps can be downloaded on Android and iOS ecosystems easily and can give traders control over their trading accounts 24/7. No matter where you are or what time it is, you can execute trades in the market. In addition, they have also been equipped with top trading tools to help traders in making smart decisions.

Finetero’s Educational Resources

While you may have come across numerous success stories of traders who were able to make it big in the financial markets and earned huge profits, there are also stories of those who weren’t able to achieve their goals. There are plenty of traders out there who were unable to last long in the market and ended up with hefty losses, simply because they didn’t have the proper knowledge and understanding of the trading world. To help its clients in polishing their knowledge and skills, Finetero has put together some educational resources on its platform.

They have a complete Education Academy on their website where traders can find a ton of resources that can help them understand the world of trading. You can attend seminars and webinars that are conducted by market leaders and experts. There are tutorials, videos and online courses that can also come in handy, along with e-books and articles. You can also enjoy private sessions with experts and take advantage of Mirror Trading and RoboX, which are auto trading platforms.

Finetero’s Account Options

Traders have to open an account with a brokerage in order to start trading and different choices are provided, particularly by companies that are offering their services to traders of all levels. Finetero has also come up with five account options for facilitating traders on its platform. But, before you look at these choices, you should know that they have also put together a demo account that can come in handy.

This can be used as a practice account for trying out new strategies without putting your actual money at risk. You can use virtual currency for making trades and also familiarize yourself with Finetero’s trading platform and get to know their trading conditions. Once you think you are ready, you can look into their account choices. Opening an account is quite simple, as it requires you to fill out one form that asks for your first and last name, email and your phone number. The five account choices are:

• Bronze (Deposit requirement of €5,000)
• Silver (Deposit requirement of €10,000)
• Gold (Deposit Requirement of €50,000)
• Platinum (Deposit Requirement of €100,000)
• Premium (Deposit Requirement of €250,000)

There are some features that you will find available in every account option, such as customer support, access to educational resources, webinars and seminars, stop out level of 50%, variable spreads starting at 0.1 pips and leverage between 1:30 and 1:200. But, there are some variations in features as well, such as availability of VIP services, relationship manager and access to Event Room, private trading sessions, SMS, trading notifications and premium trading signals.

You can make deposits in your account in three currencies, which are EUR, GBP and USD. Negative balance protection is also provided by Finetero, which means that your losses will never exceed the amount you deposit on their platform.

After evaluating the features at Finetero, you can sign up for their services to start trading in the financial markets and taking advantage of the opportunities.