Company
ProfileCompany Name: FinotradeFounded in: 2007HeadquartersLocation: London, United KingdomRegistered Capital: Undisclosed Regulatory License: Regulated by the Financial Conduct Authority (FCA) in the United Kingdom, License No. XXX
Finotrade is a trading name of Finotec UK Limited, a Forex and CFD broker based in London. Since its inception in 2007, Finotrade has served 10,000 clients worldwide with $100 million in funds under management. The company focuses on providing a diversified range of financial services to retail and institutional clients, including foreign exchange trading, contracts for difference (CFDs) and commodities trading.
Regulatory
InformationFinotrade is regulated by the Financial Conduct Authority (FCA) in the United Kingdom under license number XXX. As a regulated broker, Finotrade strictly adheres to the FCA's regulatory requirements, including client funds segregation, anti-money laundering (AML) and counter-terrorism financing (CFT) measures. The Company's Compliance Statement emphasizes its commitment to the safety and transparent trading of client funds.
Trading
ProductsFinotrade offers a wide range of trading products, covering major, minor and exotic currency pairs, CFD indices and commodities. The following are the specific product types:
- Forex currency pairs: 34 currency pairs are available, including the Euro/British Pound (EUR/GBP), USD/TRY, etc.
- CFD Indices: 11 indices including the NASDAQ and FTSE 100.
- Commodities: including gold (XAU/USD) and crude oil (WTI and Brent), among others.
The trading software
Finotrade uses MetaTrader 4 (MT4) as its main trading platform, which is known for its user-friendly interface and powerful technical analysis tools. MT4 supports a variety of chart types, technical indicators, and trading strategies to meet the different needs of novice to professional traders.
Deposit and withdrawal
methodsFinotrade accepts a variety of payment methods, including:
- local wire transfer ,
- Safecharge ,
- UnionPay
The processing fee varies depending on the payment method:
- Safecharge: 2.95% processing fee up to $500,000.
- UnionPay: The processing fee is 3.5% plus $0.35.
Local bank fees may be deducted for wire transfers, which are the sole responsibility of the customer.
Customer
SupportFinotrade offers multi-channel customer support, including:
- Phone: +44 2033 187 716
- Email: support@finotrade.com
- Live Chat: Initial support is provided by a chatbot, and complex issues can be transferred to a human agent.
Core Business & Services
Account
TypesFinotrade offers four account types:
- Classic Account: With a minimum deposit of $1,000, it is suitable for new traders.
- Gold Account: The minimum deposit is $10,000 and offers more competitive spreads.
- Platinum Account: The minimum deposit is $25,000 and includes additional services.
- VIP Account: A minimum deposit of $100,000 with dedicated customer support and premium trading support.
In addition, Finotrade offers Multi Account Manager (MAM) accounts for institutional clients and offers Islamic swap-free accounts.
Additional
ToolsFinotrade offers its clients the following additional tools:
- Economic Calendar: displays global economic events and data releases.
- Calculator: Helps calculate potential benefits and risks.
- Forex Training Academy: Provides educational resources to improve your trading skills.
The technical infrastructure
trading platform
Finotrade mainly uses the MetaTrader 4 (MT4) platform, which offers:
- multiple timeframes: charts from 1 minute to 1 month.
- Technical indicators: including RSI, MACD, Bollinger Bands, etc.
- Order types: Limit, Stop, Take Profit, etc.
Security
MeasuresFinotrade employs multiple security measures, including:
- Data encryption: SSL technology is used to protect client information.
- Firewall: Prevents unauthorized access to the system.
- Disaster Recovery: Ensure that transactions are not affected in the event of a system failure.
Compliance & Risk Control
SystemRisk
ControlFinotrade implements a comprehensive risk management program, including:
- Leverage Limits: The maximum leverage for retail clients is 1:30 (for major forex pairs).
- Spread management: Provide stable spreads and reduce the risk of slippage.
- Overnight swap fee: Calculated based on market interest rates to ensure transparency.
Client Funds ProtectionAs
an FCA regulated broker, Finotrade's client funds are kept in segregated accounts, ensuring that they are separated from the company's operating funds and that the safety of client funds is guaranteed.
Market Positioning & Competitive
AdvantageFinotrade stands out in the market by:
- Diversified products: Offering a wide range of Forex, CFD and Commodities trading.
- User-friendly platform: The MT4 platform caters to the needs of different traders.
- Strong customer support: Multi-channel support ensures that customer issues are resolved in a timely manner.
- Compliance & Safety: Strictly comply with FCA regulations to protect the safety of customer funds.
Customer Support &
EmpowermentFinotrade is committed to enhancing its clients' trading skills through educational resources and tools, including:
- Webinars: providing real-time market analysis and trading strategies.
- Account Manager: Personalized support for high net worth clients.
Social Responsibility & ESG
Finotrade actively fulfills its social responsibilities and participates in a number of social welfare projects, supports education and environmental protection, and promotes sustainable development.
Strategic Cooperation
EcosystemFinotrade has established strategic partnerships with a number of fintech companies and educational institutions to improve service quality and customer experience by leveraging the resources of all parties.
Financial HealthFinotrade
maintains a sound financial position, the company is well-capitalized, financially transparent, and provides customers with a long-term stable trading platform.
Roadmap for the
futureFinotrade plans to continue to expand its products and services, further enhance the customer experience, and strengthen its position in the forex and CFD markets. At the same time, the company will continue to pay attention to technological development and develop new trading platforms and tools to meet the changing needs of the market.
Through the above introduction, Finotrade demonstrates its comprehensive strength and market positioning as a regulated professional broker, providing a safe and transparent trading environment for traders around the world.
