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Broker Details
Finzolo is an online trading broker that trades on Forex, Metals, CFDs, and Stocks. This broker is based on the MetaTrader5 platform. This has applications or softwares for Android, iOS, and Windows. This is also available as Webtrader.
Finzolo is serving its clients with six types of trading accounts. All of these accounts are live trading accounts. Besides this, this broker also serves its clients with demo trading accounts. Demo accounts are actually for the new traders who actually are new in the trading market. All these six accounts are divided into two major categories. Three accounts are standard accounts and the rest of these three accounts are ECN accounts. All these six accounts will be discussed below:-
- Standard Accounts:- The name of these three standard accounts are Silver account, Gold Account, and Platinum account. All of these accounts come with a personal account manager and all these three accounts have different features. These will be discussed here:-
- The Silver Account:- This account requires a $199.99 minimum deposit. The maximum leverage on this account is 1:1000. The spread in this account starts from 2.4 pips.
- The Gold Account:- This account starts with a $499.99 minimum deposit. The maximum leverage on this account is 1:400. The spread in this account starts from 2.0 pips.
- The Platinum Account:- This account starts with a $1999.99 minimum deposit. The spread in this account starts from 1.6 pips. The maximum leverage on this account is 1:400. The stop-out level in this account is 30% which is 10& more than the Gold account and 20% more than the silver account.
- ECN Accounts:- Three ECN accounts are named ECN Elite, ECN VIP, and ECN King. All these accounts support PAMM(Social Trading). The stop-out level on all these accounts is at 30%. All these three accounts are described below:-
- ECN Elite:- This account starts with a $5000 minimum deposit. The spread in this account is 1.3 pips(starting). The maximum leverage on this account is up to 1:1000.
- ECN VIP:- This account starts with a $25,000 minimum deposit. The spread in this account starts from 1.1 pips. The maximum leverage in this account is 1:400.
- ECN KING:- This account is the flagship of this broker. This account requires $50,000 funding. The maximum leverage on this account is 1:400 and the spread in this account starts from 0.6 pips.
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