Finotec Review 2020

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Finotec is authorized and regulated by the Financial Conduct Authority [FCA Register Number 470392] to hold client funds, act as a match principal and holds an FCA Investment Management license with European passport for over 12 years.

  • Start year: 2001
  • Country of origin: United States
  • Regulation: FCA
  • Broker Type: STP/ECN
  • US Traders: Yes
  • Payment options: Credit Card, Wire Transfer
  • Minimum account size: $200
  • Minimum lot size: 0.01 lot
  • Leverage: 1:200
  • Spreads: 0.01 pips on EUR/USD

In 2001, they introduced their Forex online trading platform so they could serve clients in many locations worldwide. It now offers real-time Internet trading not only in currencies, but also in options, commodities, CFD’s, and stocks. Finotec is regulated by the Financial Conduct Authority (United Kingdom).

Finotec calls itself a Boutique FX Prime Brokerage and gears itself to investment managers, Hedge Funds and professional traders as well as to retail brokers. Prime brokers enable their clients to trade with multiple brokers, market makers and banks, providing a credit line – based on their margin account – to the LP with whom they have a relationship.

Accounts

There are three accounts offered at Finotec. A standard live account, a Demo account and a Partner account. Not much detail is given about these accounts.

Features

Finotec clearing enables all buy and sell orders to be efficiently matched up. It acts as an intermediary, assuming the role of both buyer and seller for transactions and objectively reconcile trade orders between transacting parties.

Professional broker-dealers, and state-of-the-art back office systems and technology provide a seamless clearing process, with processing conducted via real-time routed orders that connect instantly with Forex markets. Full transactional records, updates, and market reports are also provided.

Their back office provides fully integrated and consolidated reporting which is efficient, ease to use and offers real-time and historic performance.

A chart listing the different professional and elective professional Prime Brokerage FX fees per minimal million USD and Per Lot round turn on MT4 is provided.

Platforms

Metatrader 4

Clients can choose the ever popular MetaTrader 4 trading platform customized for professional traders.

HotspotFX

Hotspot FX, the first ECN for the institutional FX market, continues to set the standard with deep liquidity, complete anonymity and innovative technology.

Currenex

Currenex is a market-leading technology provider offering the FX community with high-performance technology and deep pools of liquidity for anonymous and disclosed trade execution.

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