December 23, 2020
Finetero is a trading brand designed for active traders wishing to get access to a wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Founded in 2018, it serves customers from all around the world and has received multiple awards, such as Best Forex Provider 2019, Best FX Broker 2019, Best FX Execution Global 2019, and others.
Its main goal is to offer a robust trading ecosystem for both experienced and beginner traders, without having to sacrifice security or efficiency. All trades done through the Finetero platforms are executed on an Amazon AWS server, which is why the brand manages to achieve an average of 7.14 ms per order execution speed. Also, it is connected with multiple liquidity providers to ensure low latency and smooth pricing.
Finetero Account Types
Bronze, Silver, Gold, Platinum, and Premium accounts are currently available with Finetero. All accounts can benefit from demo trading, monetary segregation, no dealing desk execution, access to all trading platforms, up to 1:200 maximum leverage (variable for all asset classes), a 50% stop out level, access to the online education center, and variable spreads starting at 0.1 pips.
What traders need to consider when trading with Finetero is that each account type comes with different features, directly correlated with the initial deposit. However, the brand does not aim to force people into making large deposits and anybody can start trading with as little as ?200.
Some of the most notable premium features are as follows:
- Trading Central Daily Newsletter and Premium Signals
- Private trading sessions
- SMS trading notifications
- Discounts on trading commissions
- VIP services
Commissions and Fees
The trading commissions customers need to pay depend on the account type chosen. Bronze and Silver accounts have standard commissions, while Gold, Platinum, and Premium ones benefit from a discount of 10%, 25%, and 50% respectively on the commissions.
At Finetero there is a Dormant Fee that is charged when a trading account has been inactive for more than 45 days. These accounts are charged 100$ each month. There is also an auto trading software fee that is added after 20 trades with the software. Other fees might apply when it comes to withdrawals using bank wire, depending on the country of residency and bank of each customer.
Traders don’t need to make concessions in terms of the list of assets they want to trade, since Finetero currently covers instruments based on currency pairs, stocks, indices, commodities, and cryptocurrencies. Diversification is not an issue as they can find the right assets depending on their country of residence and trading schedule.
Up to 1:200 leverage, variable spreads, flexible commissions, and a 50% stop out level are among the trading benefits currently available. Enhancements are provided only to those who choose to open a larger account. Trading with Finetero is an optimized experience and with so many different instruments, the brand is now multi-asset, on top of all of the interesting security features available.
Metatrader 4 continues to be one of the top picks among retail traders and that is why Finetero relies on it as the main desktop platform. Traders can easily install it on a PC or laptop, ideally on the desktop where they plan to trade more often. MT4 does not need any introduction considering it stands on a solid reputation and positive feedback from users.
Alongside MT4, the Finetero WebTrader comes to create a balance, being a browser-based platform with a greater degree of flexibility. With a friendly user interface, advanced charting, and multiple customization features, it is an ideal choice for trading through a browser in a secure environment.
Finetero also provides a Mobile Trader, which is another web platform but in this case, it is designed to be used on mobile devices. Thanks to three different platforms, access to markets is granted from any location, as long as users have a compatible device and an internet connection.
Deposits and Withdrawals
Because it wants traders to have access to convenient funding methods, Finetero is currently accepting payments via credit/debit cards or bank wires. The minimum deposit is ?200 or $250, an affordable level for most of the traders.
Take note that the brand has a comprehensive policy for how financial transactions should be conducted. As a result, traders need to pass the verification process by providing several identification documents. For withdrawals, they need to send a request that is processed by a Finetero representative in due time.
Research Tools Offered to Traders
All customers benefit from daily newsletters and premium signals provided by Trading Central, a 3rd party technical analysis tool that is now trending among retail traders. On top of that, Finetero offers access to private trading sessions, the Event Room, and other VIP services.
Traders are updated with the latest market news and on top of that are able to use TipRanks, a provider of stock analysis widgets (for example: analyst consensus, price targets, hedge fund activity, and insider transactions).
- Multiple useful trading tools are offered to all traders
- Support for three different trading platforms, each with unique features
- Coverage for a broad range of financial instruments
- Limited trading instruments compared to other brands
- Premium features are available only to large account holders
- Standard commission structure for small accounts
Should I Trade with Finetero?
In case you are looking for an online trading brand that puts performance and efficiency first, Finetero may just be the one for you. With ultra-fast trade execution, an industry-leading trade engine, and a secure infrastructure thanks to Amazon AWS, this is one of the places where online trading is a suited activity for any type of trader.
In 2019, the brand managed to achieve an important milestone in terms of trade execution, considering 74.1% of all trades were executed at the requested quotes. Finetero is without a doubt a provider showing commitment to the highest trading quality.