If you have been looking for a good online broker, you can take a look at FinuTrade, which is one of the platforms offering their services. You can check out this FinuTrade review to find out why you should sign up with them.
Even if you don’t have a background in the financial market, you have probably heard of the forex, or the stock market at some point. These markets have been around for decades and have made the headlines countless times because of their lucrative opportunities and offerings. More recently, cryptocurrencies have become the talk of town and everyone has heard of the digital currency market because of the waves it has been making in every industry. There are a lot of profits to be made here as well and this often attracts people to online trading.
Gone are the days when you have to overcome a number of hurdles in order to trade in the financial market of your choice. Likewise, the barriers to entry that existed, such as having a massive amount of capital at your disposal, or in-depth knowledge and understanding of the market, have also been eliminated. Of course, having this knowledge and skill will certainly help you succeed in the market, but even if you have zero education, or experience, you can jump onto the bandwagon and no one will stop you.
This has only become possible because of online trading and the best part is that you don’t need to go anywhere to begin. Moreover, you don’t even need to worry about quitting your existing job, or ending your current career to begin one in the financial markets. As these markets are open round the clock, you can trade anytime and from any part of the world. How is this possible? This is all because of online brokers. Indeed, brokerages have been a vital part of trading in the financial markets since the beginning of this concept.
The conventional form of trading meant that traders had to go out and find a broker to start trading. These days, you can find one from the comfort of your home because they are also operating online. This is how trading has become easy and convenient for all. You can run an online search to find a brokerage that will give you access to the market. This sounds simple enough, but this is where you realize that it is not as easy as you assumed. When you begin your search, you will find that there is a huge number of companies that are offering their trading services.
Some brokers are old and have been part of the financial markets since online trading was introduced, while others are relatively new. Of course, every single one of them will be boasting about their services and features and this is enough to cause confusion. No, it is not a good idea to choose one randomly and start trading because they may not have the instruments you want to trade, or their trading platform may not be suitable. Likewise, some brokers offer their services to traders of a specific level and you may not fall in that category.
For instance, some companies prefer to facilitate beginner traders, while there are also those that have curated their services for professional ones. This is something you need to take into account in order to avoid the whole process of having to switch brokers in the future. It can be a major headache to do so, not to mention that you will be missing out on opportunities while you are dealing with this process. What do you do? You should consider your options beforehand and then sign up to avoid these issues. The best way to make your choice is to figure out the reasons for signing up with them.
Why should you consider one broker over the rest? These reasons can help you in making the right choice. This is exactly what you need to do in the case of FinuTrade, which was founded by NVCapital not long ago. The fact that it is relatively new might make some traders hesitate, but if you take a look at the reasons to consider it, you will be able to make up your mind. Check them out in this detailed FinuTrade review:
|Trading Accounts||Four account options; Junior, Senior, Executive and Presidential|
|Assets Coverage||Forex currency pairs, Stocks, Green Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Trading Tips, 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 live chat. Different numbers and email available for different languages.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||FinuTrade Holdings LTD|
Reason 1: Portfolio diversification
The primary reason that people decide to trade in any of the financial markets is to take advantage of the lucrative opportunities that can help them make money. These markets are known to help people in earning high returns on minimal investment and in a short span of time. Who wants to miss out on this opportunity? However, you should remember that not every instrument offers you the same rate of return and you need to choose them according to your profit expectations. Opting for an instrument with low volatility and expecting it to give you high returns is impractical.
Apart from that, you should also remember that there are trading risks that you have to deal with as well. Just like you can make quick and high profits through the financial markets, you can make quick and high losses as well, in case the trade moves against you. It is a given that every trader would want to avoid such a scenario and if they cannot, then they would want to minimize their losses as much as possible. One of the best strategies for accomplishing this goal is diversification, which means that you spread out your investment across different markets.
As these markets are usually inversely proportional, it means that if one goes down, the other one goes up and this can balance your risks. Your losses on one trade can be set off by profits on another. But, you will only be able to implement this strategy if you have access to such options. The instruments you trade will depend on the broker you decide to open an account with. The financial markets are brimming with these instruments and there are hundreds of thousands that can be found.
It is not possible for brokers to give you access to every one of them, so they come up with their own asset index. You need to check it out in order to know if the platform has the instrument you wish to trade. You will be pleased to check out the instruments put together by FinuTrade because they will give you access to some of the best financial markets in the world. Not only do they let you trade in some of the most reputable markets, but actually give you access to the best instruments in each. This is undoubtedly a major advantage because it means that you will have no problem in diversifying your portfolio.
There are more than 250 instruments for you to choose from at FinuTrade and you will be able to opt for a combination that’s in accordance with your risk appetite. Some of the markets to explore include:
Stocks: One financial market that has always been associated with trading is the stock market and it has helped many people around the world in making fortunes. You will be able to trade stock CFDs via the FinuTrade platform and these belong to some of the top companies in the world, such as Apple, Tesla, Fiat, Coca Cola, VISA and Amazon. In fact, you can also choose from green stocks, which are stocks of companies that are environment-friendly.
Indices: Often confused with the stock market, the indices market is another lucrative option that traders can explore via the FinuTrade platform. This market focuses on trading baskets of stocks and you can find some prominent options, such as S&P 500, CAC 40, FTSE 100, DOW JONES and NASDAQ 100.
Forex: Considered as the world’s largest financial market, the forex market is known for its volatility. There are a horde of currency pairs that FinuTrade has added to their offerings and these include USD/CHF, EUR/USD, AUD/NZD, CAD/USD, GBP/USD and EUR/GBP.
Cryptocurrency: If you are not interested in trading fiat currency pairs, you can try your luck with digital currencies. Some of the top cryptocurrencies have been added by EuroNX to its offerings, including Bitcoin, Bitcoin Cash, Litecoin and Ethereum.
Commodities: Traders who prefer to keep their trading risks low and enjoy consistent returns can try out the commodities market. This is also one of the oldest markets and there are a ton of commodities that FinuTrade has added to their offerings. You can find precious metals like gold, silver, platinum and palladium, agricultural items like wheat, coffee, rice and sugar and energy commodities like crude oil and natural gas.
Reason 2: Quick sign up process
It is understood that like every other online service, you will be expected to sign up with a broker in order to use their services. The process can vary for every company because there is no specific format that has to be followed here. Some companies have conditions that need to be fulfilled, or a number of steps that need to be completed. For instance, some brokers require their clients to fill out several forms that ask for a great deal of information. Others may have a registration request approval process, or may ask potential clients to sign a contract.
No one wants to have to deal with anything complex and you want to be able to start trading as quickly as possible. This is something that you will find at EuroNX because their sign up process is designed to be completed with a couple of minutes. They don’t have any such requirements that can lead to delays, or be stressful for traders and even if it is your first time trading, you will be able to navigate this process easily and quickly.
The sign up process begins when you visit the EuroNX website and click on the ‘Register’ option. This gives you a form that has to be completed. The form asks you to enter your first and last name, an email address, a phone number, country and a password and promo code, if any is applicable. They have some Terms & Conditions on their website that you have to agree with and you need to confirm that you are 18 or above. The process comes to an end as soon as you do this and you don’t have to do anything else.
Reason 3: Accommodating account options
Opening an account is also a requirement that you have to fulfill and there are several options that are provided by brokerages. The reason for providing options is because not everyone has the same amount of capital, risk tolerance, or trading style. The options reflect the different types of traders that can be found and you have the freedom to choose an option that’s in accordance with your preferences. This also applies at EuroNX and you will find that each of their account options is created for traders that belong to a specific category. There are a total of four options and these are:
Option 1: Junior
Designed for newcomers and beginner traders is the Junior account that you will find at FinuTrade as the first option. A €200 minimum deposit is needed for opening this account and you can increase this deposit to as much as €5,000. There is a personal account manager given to account users and they are also given one private trading session, along with a weekly newsletter. You are also given a free trial of a signal service for one month.
Option 2: Senior
To cater to intermediate traders, the Senior account has been added by FinuTrade and this is the second option you will come across. The minimum deposit that you need to make here is €5,001 and the maximum amount that can be invested is €50,000. The features of the Junior account are available here, along with some additions. You will be able to get a commission of 5% and it also provides support for multiple accounts.
Option 3: Executive
If you are an advanced trader, then you need to consider the Executive account that can be found on the FinuTrade platform. This asks you to deposit a minimum of €50,001 and you can increase it to as much as €250,000. You can now get 12 signals on a monthly basis in this account and the private trading sessions are also increased to two. The commission discount goes up to 10% and you can also open an Islamic account here. An automated trading option is also provided to traders here.
Option 4: Presidential
The final account option that has been created by FinuTrade is known as Presidential and it is for VIP and professional traders. The minimum deposit that you have to for it is €250,000, but you can add as much capital as you want without worrying about any maximum limit. Traders using this account can get daily signals and private trading sessions are provided on demand. The commission discount also goes up to 20% and traders can access the expertise of a tax advisory and credit officer. Airport lounge access is also given, along with a private concierge service. Lastly, you can have an annual ‘Visit the Family’ meeting with a senior partner.
Reason 4: An easy-to-use trading platform
Perhaps, the most prominent offering of any broker is their trading platform. How will you trade if there is no platform available? It is responsible for connecting you to the financial markets and helping you trade with the right tools and features. This feature is often used for distinguishing brokers from one another because everyone offers a different option to their clients. Some prefer to provide one of the existing platforms in the market, while others choose to develop one on their own. It is best to know what you will be provided because it can affect your experience.
You will discover that FinuTrade falls in the latter category because they have created their own trading platform for their clients. The first thing you will discover about it is that it is a web-based one, which means you access it via the website. This means that it eliminates the need for downloading and installation and you can use it on any device that you may have handy. Despite the simplicity you will find, it uses sophisticated technology that allows it to offer ultra-fast trade execution.
Features like one-click trading are available and this enables you to take advantage of the smallest price movements as well. The intuitive user-interface of the FinuTrade trading platform ensures that you will get the hang of the platform within five minutes. There is no need to worry about anything complex because it is very simply designed and allows you to trade multiple assets from a single dashboard. The flexibility of the platform allows it to be used on desktop as well as mobile devices, allowing you to trade on the move.
Apart from that, some of the most innovative trading tools have also been incorporated by FinuTrade on their platform to help traders in improving their performance. You can find access to advanced charting tools and various graphs, trading signals, price alerts and numerous indicators. The latest market news is also provided and there is a trading calendar that you can use for tracking important events in the financial markets. Fundamental and technical analysis, along with risk management tools can also be found and are quite useful.
Reason 5: Round-the-clock customer support
No matter what business or service it is, the role of customer support is of the utmost importance. When it comes to online trading, you should never take customer support lightly because if it is not provided promptly, you could suffer from heavy losses, or not be able to make profits. This will take away from the whole purpose of trading and is an outcome you want to avoid. Hence, you should look for a brokerage that prioritizes customer support and FinuTrade is a good option in this regard.
They have chosen to provide their clients with 24/5 customer support and the most important thing to know is that they have added various channels that you can explore for getting in touch with their team. You can visit the Contact Us section on their website to find out the options available. There is an online contact form that you can fill and schedule a contact at your own convenience. Other than this option, you can also choose to contact the FinuTrade team through an email, or a phone number.
The attractive feature here is that they have added different numbers and email addresses for clients in different countries. This ensures that traders are able to get support from FinuTrade in the language they want and there is no miscommunication. Their team is very responsive and will provide you with the solution or answer you are seeking. You will also find extensive educational resources provided to you that can give you guidance about trading and the financial markets as a whole.
Some of the other offerings of FinuTrade include excellent security measures that protect your funds as well as personal information and competitive trading conditions. These are some good reasons to sign up with FinuTrade when you want to trade in the financial markets and achieve your investment goals.