quora FinMarket Review 2019 Is FinMarket Good Broker? FinanceBrokerage
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General Information
Broker Name:FinMarket
Broker Type:Forex Broker
Country:Cyprus
Operating since year:2015
Regulation:CySEC, 273/15
Address:56 Griva Digeni Avenue, AnnaTower, First Floor, 2063, Limassol, Cyprus
Broker status:Regulated
Customer Service
Phone:+357-251-23329
Email:support@FinMarket.com
Languages:support@FinMarket.com
Availability:24/5
Trading
Trading Platforms:MT4, WebTrader, MobileTrader
Trading platform(s) timezone:GMT +0
Demo Account:Yes
Mobile trading:Yes
Web based trading:Yes
Bonuses:N/A
Other trading instruments:Currency, CFDs, Stocks, Commodities, Cryptocurrency
Account
Minimum deposit ($)250 USD
Maximal leverage (1:?)1:50
SpreadVariable
Scalping allowedNo
Platform Review

FinMarket Review Content




●Introduction
●Account Types

○Blue
○Silver
○Gold
○Elite
○Islamic

●Trading Instruments

○Forex
○CFDs
○Stocks
○Indices
○Commodities
○Cryptocurrency

●Trading Conditions
●Additional Information
●Conclusion

FinMarket Review 2019 — Very Rare Rewards System for Traders


FinMarket is a regulated and licensed broker headquartered in Cyprus. They are regulated by CySEC and their license number is 273/15. FinMarket has been around since 2015, and though they are not veterans in the industry they have sufficient experience to prove their worth. Our FinMarket review aims to aid your decision in choosing the right broker for yourself, where will discuss all the pros and cons of the broker.

FinMarket offers a large range of trading instruments, educational content, daily Analysis, and more. Their rewards points system is rare to see among brokers, and we consider it to be one of their biggest assets. They offer up to triple points for each traded lot, where you get $5 for each point. They have a great range of account types and highly dedicated customer service.

Account Types at FinMarket

FinMarket introduces five different account types, ranging from beginner to professional levels of trading. All of the account a system of rewards points which accrues over time. All accounts have a chance to participate in the professional development courses offered by FinMarket, though the courses vary with the accounts.

Blue Member

This is the lowest trading account level. Most likely it is designated for beginners or traders who wish to test the platform before investing more. The specs offered by the blue member account are:
● Reward Points (FMP)

○ FMP Points per lot — 1
○ FMP Point value — $5

● Minimum deposit — $250
● Spread — Floating from 0.4
● Instruments — 50
● Professional development

○ VOD Library

This seems to be a comprehensive enough tool list for a beginner trader. The deposit is quite small, and you will receive $5 for each traded lot so there is a lot of potentials there.

Silver Member

The silver member is the second level in the trading account types. The stakes here a little higher and the tools offered are much bigger. See below:
● Reward Points (FMP)

○ FMP Points per lot — 1.5
○ FMP Point value — $5

● Minimum deposit — $5000
● Spread — Floating from 0.2
● Instruments — 70

The silver member has many more professional development options. They receive access to the daily markets FinMarket reviews, on top of a personal account manager, trading tools, and a higher reward points system.

Gold Member

The third level of the account type get a little bit more serious and thus offers a lot more to the traders.

● Reward Points (FMP)

○ FMP Points per lot — 2
○ FMP Point value — $5

● Minimum deposit — $20,000
● Spread — Floating from 0.1
● Instruments — 100
● Professional development

○ VOD Library
○ Trading Tools
○ Personal Account Manager
○ Daily Markets Reviews
○ London Stock Exchange Course

● Professional development

○ VOD Library
○ Trading Tools
○ Personal Account Manager
○ Daily Markets Reviews

Gold members have access to 100 trading instruments, double the rewards points, access to the LSE course, and a very low spread. This should come in handy when working with such large numbers and a large trading volume. Though the rewards should be quite large, as you receive double the point for each traded lot.


FinMarket logo

Elite Member

Elite membership is the highest level of the account type, thus they have everything to offer. This is the go-to account for real professional traders, and they receive all the tools required for successful investments.

● Reward Points (FMP)

○ FMP Points per lot — 3
○ FMP Point value — $5

● Minimum deposit — $50,000
● Spread — Floating from 0.1
● Instruments — 100
● Professional development

○ VOD Library
○ Trading Tools
○ Personal Account Manager
○ Daily Markets Reviews
○ London Stock Exchange Course

The rewards system is outstanding on this account type, tripling your points on reach traded lot. You will have access to 100 trading instruments, the London Stock Exchange course, Floating spread from 0.1 and a personal account manager, together with other specs as well.

Islamic Member

FinMarket has a designated account type of Islamic members, making their platform more inclusive to all cultures.

● Reward Points (FMP)

○ FMP Points per lot — 1

● Minimum deposit — $500
● Spread — Floating from 0.65
● Instruments — 70
● Professional development

○ VOD Library
○ Trading Tools
○ Personal Account Manager
○ Daily Markets Reviews

Islamic members will get access to a floating spread from 0.65, 1 point per traded lot, 70 instruments and more. The minimum deposit is also low, so you have a chance to make a profit without investing too much initially.

Overall, we are quite satisfied with the offered account types at FinMarket. The range is inclusive to many traders, beginner or experienced, and the reward points system is a rare sight to see. The higher account level you invest in, the more points you will receive. So FinMarket gives back whatever you invest, even tripling it.

FinMarket logo

FinMarket Trading Instruments



FinMarket offers six different types of trading instruments, so you will most definitely what you are looking for. Whether you choose to only trade crypto or like to work with stocks and indices, you gain access to all of them via FinMarket.

Forex

Due to increased globalization Forex has grown to be the largest active market today. High liquidity, 24/5 trading time and a trading volume of %5 trillion a day. At FinMarket you will be able to trade with confidence due to their regulations, and you will be exposed to 30+ currency pairs, whether you choose to work with major, minor or exotic pairs. They offer 1:30 leverage which is a great option for successful trading both for novices and pros.

CFDs

The Contract for Difference (CFDs) is a highly popular trading instrument, where you will be able to trade a contract between to exchange the difference between the opening and closing price. The fluctuation in the price of stocks, commodities, and more will help you benefit without owning the underlying asset. FinMarket offers a large variety of CFDs, with leverage up to 1:20, so you have a chance to benefit greatly with your investments.

Stocks

When trading at FinMarket you get access to the stocks of the world’s biggest companies on NYSE, NASDAQ, London Stock Exchange, etc. They offer more than 160 stocks including Apple, Google, Coca Cola, Amazon, Ferrari, Tesla, and many more. The trading leverage is up to 1:5.


FinMarket logo

FinMarket logo

Indices

FinMarket gives you an option to speculate, hedge and diversify your portfolio by trading all the leading indices from the US, European and Asian stocks. S&P 500, NASDAQ 100, FTSE 100 Nikkei 225 are all available to trading members with a leverage of up to 1:20.

Commodities

Whether you like to trade soft or hard commodities, you have an option for all at FinMarket. Since commodities are very volatile products, you will be able to fully develop and diversify your portfolio with some of the most popular products on the market. You will be able to profit in both rising and falling markets, with a leverage of up to 1:10. Most popular commodities at FinMarket are Gold, Silver, Coffee and Crude Oil, though the list of available commodities is much more vast.


Cryptocurrencies

Cryptocurrencies have been some of the most popular instruments since not too long ago. With the high volatility, you will be able to profit from both bullish and bearish markets while trading some of the most popular cryptos like Bitcoin, Ethereum, Ripple, Monero, etc.

FinMarket is one of the few brokers who offer such a vast range of trading instruments online. We are very impressed with their stocks offers, leverages for different instruments and more. With the rewards system they offer you have a chance to triple your winnings in an instant.

Trading Conditions at FinMarket



Since FinMarket is licensed by an esteemed financial regulator, the conditions at the platform are outstanding. FinMarket is owned by K-DNA Financial Services Ltd., who has become a leader in the industry with their tight pip-spreads, real-time market prices, and unique margin policies. They offer traders a chance to maximize to the fullest potential.

The fun security at FinMarket is in line with the EU’s MiFID rules and the EU’s Anti-Money Laundering Legislation. They put a large emphasis on their integrity and trust. All funds are held separately in accordance with the CySEC regulations on a cold server.

The trading platform offered by FinMarket is MT4, which you can use via web, desktop or mobile. You will gain access to streaming fina Currency, CFDs, Stocks, Commodities, Cryptocurrency
ncial news and 24-hour support.


Additional Information about FinMarket





FinMarket logo

FinMarket website is very user-friendly, with an easily navigable menu. You gain access to their regulation information, history of the company, legal documentation, and more. They offer 24-hour customer service via live chat, email or phone number.

The restricted countries are Azerbaijan, Moldova, New Zealand, Hong Kong, Singapore, Macau, Belgium, Sudan, USA, Syria, North Korea, Israel, Canada, Myanmar, and Australia, accordingly with the CySEC regulations. Though the list might seem large, it is still reassuring to see a highly regulated broker take their job so seriously for the benefit of their clientele.

The payment options are vast, offering the most popular way to deposit/withdraw from your account. The process of taking out and putting money into your account is very easy, and take little to no time. The trusted banking institutions are a guarantee that your money is going to the right place. You can use payment options such as:
● Visa
● MasterCard
● Maestro
● Bank wire-transfers
● EFTpay
● Skrill, and more

FinMarket is also very active on social media, providing information to its users through different platforms like Facebook, Youtube, and Twitter.

FinMarket Review Summary — Regulated, rewarding, diverse



Though FinMarket has not been around for a long time, they have built a strong repopulation for their work. They provide the best tools to their traders, whether it is instruments, analyses or education. The customer service is strong and available at all times, the regulations are some of the best among the brokers, and safety is guaranteed.

FinMarket also offers a huge rewards system to all account types. We are confident in this broker since they have done everything in their power to provide the maximum comfort to their users. Good luck trading on FinMarket, “your gateway to the financial market!”


FinMarket logo

FinMarket Review 2019 by FinanceBrokerage & User Ratings
FinMarket is a regulated and licensed broker … by CySEC and has been around since 2015 … Our FinMarket review aims to aid your decision in choosing the right broker, where will discuss all the pros and cons of the broker.
Overall
4.5
  • Support
    (4.5)
  • Platform
    (4.5)
  • Spread
    (4.5)
  • Trading Instrument
    (4.5)

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34 Comments

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