What is Finotec?
Finotec is a forex and CFD broker based in United Kingdom, listed with a foundation year of 1998. It offers leverage up to 1:200, spreads from 1.2 and a minimum deposit of $50. Clients trade on MetaTrader 4 (MT4) and on mobile.
Is Finotec safe and regulated?
Finotec is regulated by FSA - Financial Services Authority SEC - US Securities and Exchange Commission. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Finotec account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $50 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Finotec provides MetaTrader 4 (MT4), so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 1.2 on major currency pairs.
- Leverage up to 1:200 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Finotec supports 3 funding methods, including Bank Wire, Credit Card, PayPal. Accounts can be held in 1 base currency (USD), which helps you avoid conversion fees.
Finotec bonus: Yes
How the promotion works
The current Finotec promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Finotec website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Finotec pros and cons
Pros
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- Regulated by a tier-1 authority
Cons
- Bonus and promotion terms vary by country
How to open a Finotec account
- RegisterVisit the Finotec website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $50 with Bank Wire, Credit Card, PayPal.
- Start tradingLog in to MetaTrader 4 (MT4) or the mobile app and set your risk per trade.
Is Finotec a good broker? Our verdict
Finotec suits active traders who want freedom to scalp or trade the news. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.