Finantiko Review – All You Need To Know About This Broker
These days, everyone is looking for opportunities to earn more. Wouldn’t it be great if you could make millions of dollars in a short span of time rather than having to work for a better part of your life for it? There was a time when it was just too good to be true because there weren’t any such opportunities, but in today’s day and age, everything has become a possibility. If you have been keeping up, then you are probably aware that people did manage to make millions, all thanks to the cryptocurrency market. The hype and popularity of this market has prompted thousands of people to take an interest in the trading space.
It isn’t that people didn’t know about it before; most people have heard about forex and stock trading for most of their lives, but they don’t consider it as an option because it seems too complicated. There was a time when trading in these financial markets was undoubtedly difficult and not everyone’s cup of tea. Going out to find a broker and then making purchases or selling stocks or forex currencies could take up a lot of time and required a lot of effort. This is no longer the case, all because of the technological boom and the internet.
Now, you can trade in any financial market of your choice without any difficulty because they are right at your fingertips. There is no longer any need for you to step out and go looking for any trading opportunities. It doesn’t matter if you want to trade the traditional stocks or try your luck in the more modern crypto market; anyone can trade them from the comfort of their homes. Statistics indicate that trading has had a huge surge in popularity in the last decade or so because more and more people have recognized its potential of giving huge returns.
There are thousands of financial instruments that can be traded and each of these have their own profit potential. People with varying risk tolerances can find an instrument according to their needs, but in order to trade them, you will first have to look for a broker. Just like trading in the traditional markets, you need a broker nowadays because they provide you with the trading platform and other trading tools needed for executing transactions. You can look for a broker, much like you look for other things nowadays; do a search on Google.
Doing so will present you with literally hundreds of brokerages that are currently operating in the market. Having so many options at your disposal can easily flummox you and makes it difficult to decide which one to choose. It is vital to remember that not all brokers are the same; some might be capable of catering to your needs, but there are some that don’t provide all the features that are needed for trading profitably. If you choose the wrong broker, it can complicate the trading process unnecessarily and not enable you to achieve your goals.
Thus, you shouldn’t make this decision without giving it proper thought and consideration. Finantiko is also one of the various brokers that you will find in the market. It is definitely not the only option, but it is one that claims to provide an optimal trading solution to its clients. This is due to the fact that it offers CFD (Contracts for Difference) investment products, which do not require traders to buy the asset in question. Rather, they are only trading contracts predicting the price movements of the said asset. This has a lot of profit potential and gives access to a greater variety of trading products.
Apart from that, Finantiko also boasts a registered address and is licensed because it is in compliance with the MIFID II (The Markets in Financial Instruments Directive), which provide protection to all traders and ensure that all regulatory standards are followed and maintained by brokers and other investment firms. This is an assurance that Finantiko is a legal organization and will not disappear with your money or leave you hanging. But, can it be a good choice for you? To determine that, you need to check out what you will get when you trade with Finantiko. Let’s get started:
A Quick look at Finantiko
|Trading Accounts||Bronze, Gold, Platinum and Diamond|
|Assets Coverage||Forex, Stocks, Indices, Commodities and Cryptocurrencies|
|Trading Tools||Economic Calendar, Pip Calculator, Live Market Hours, Margin Calculator, Fibonacci Sequence and Risk Management Tools|
|Education and Training||Yes|
|Customer Support||24/7 via Web Contact Form and Email|
|Security Policy||Anti-Money Laundering (AML) and Know Your Customer (KYC) policies|
The Investment Products at Finantiko
The first place to start with when you are checking a broker is their asset offerings. What investment products will you get when you sign up with them? Why is this important? This is necessary because every trader has different priorities and risk tolerances and they need to ensure that the broker can provide them with assets that are in accordance with their profile. If not, it is better to look at other options. As mentioned earlier, Finantiko is a broker dedicated to CFD trading and so, they have put together an impressive range of investment products for traders.
No matter what kind of asset you are interested in or your level of risk tolerance, you will find something that works for you. The options that you can explore with the broker are:
Anyone with even a little bit of interest in trading is quite familiar with cryptocurrencies. Bitcoin was the first crypto to be introduced and they have created a lot of hype in the market because people were able to make a fortune through these digital currencies. Finantiko provides its clients the opportunity of trading this financial instrument and they have added options like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Ripple to their asset index to help their clients enjoy this market.
In case you don’t want to trade something as volatile as crypto, you can go with the option of commodities. This particular category will give you access to hundreds of commodities and they can provide you with small yet regular profits. Finantiko provides both soft and hard commodities to choose from with the latter include cocoa, coffee, corn and wheat whereas the latter including crude oil and precious metals including silver and gold.
If you want to start with the traditional, the stock market is one of the top options to explore. It remains a very popular and profitable market and some big names have been added to the mix over the years. Finantiko has added stocks of some of the world’s leading companies like Microsoft, PayPal, VISA, Amazon, Netflix, Apple, Tesla and Facebook.
If you would rather trade a handful of stocks together instead of individual options, indices are the way to go. These tend to be a bit more volatile because they look at the big picture, instead of one company at a time. Finantiko has ensured that those using its platform can trade some of the most profitable indices like S&P 500, DAX30, FTSE 100, NASDAQ and Dow Jones.
One of the most renowned and largest financial markets in the world is the foreign currency market. It provides traders with access to thousands of currency pairs, which are classified as major, minor or exotic pairs. Each of these are different according to their volatility and have a lot of profits and opportunities to offer to traders. Therefore, the daily trading volume of the market is in excess of $5 trillion. When you sign up with Finantiko, you can find a horde of currency pairs to trade, such as EUR/USD, GBP/USD, GBP/CHF, GBP/CAD, NZD/USD, AUD/CHF, USD/CAD, USD/RUB and USD/NOK.
With so many options available to traders on Finantiko, it is easy for them to diversify their platform as per their own convenience. This can help them in balancing the volatility of the trading instruments and maximizing their profits while keeping their risks under control.
The Trading Platforms at Finantiko
There is no doubt that considering the assets offered by a broker is important and should be the first thing you should look at. But, this doesn’t mean that you ignore other aspects of a brokerage because those can be equally important. An excellent example is that of the trading platform offered by a broker. This is the software where you will spend most of your time because it is used for trade execution and is integrated with the trading tools to be used. Some brokers don’t provide a good trading platform and this can make trading complex and difficult for traders.
In fact, it can ruin your entire experience if the trading platform doesn’t perform smoothly, lags, doesn’t have the right features or suffers from other performance issues. At Finantiko, traders are given the chance to try out the SIRIX trading platform, one that is renowned in the market for its seamless performance and responsiveness. The broker has added several versions of this platform to the mix in order to facilitate its clients, as much as possible. The different options that you can check are:
- SIRIX Station
Desktop-based platforms have been around for the longest time and are known for delivering excellent performance. SIRIX Station also belongs to this category and you can download and install it on any device of your choosing. It boasts one-click trading to help traders in executing trades as quickly as possible in order to take advantage of market movements. It comes with a wide array of features and tools, like economic calendar, margin calculator, Fibonacci sequence and others to improve the trading experience. Moreover, the platform also comes with customizable options that allow traders to give trading a personalized touch rather than be limited.
- SIRIX Mobile
With time, traders have also evolved and modern traders prefer to have modern solutions at their disposal. This also applies to trading platforms and since flexibility is a priority for many, SIRIX mobile has been incorporated by Finantiko to cater to such clients. These are basically mobile trading apps that traders can download on their iOS or Android devices in order to benefit from trading on the go. The apps have been given a simple yet very intuitive user-interface to help traders in using them without any difficulty. They make trading on the go easy and have been optimized to enable instant trades.
- SIRIX Web
The third and last trading platform solution that you will find on Finantiko is called SIRIX web and this is essentially the web-based version of the SIRIX platform. This means that you don’t have to download or install the platform; you can access it directly through the web browser. It doesn’t mean that the platform lacks good trading technology; it is also equipped with some of the most powerful trading tools and has integrated user-friendly software, so traders can enjoy speedy trade execution without any learning curve to overcome.
Finantiko has also equipped the trading platform with the latest financial market news to help traders in making better and smarter decisions. You can also activate the option of social trading, which allows traders to study and copy the trades of some of the top and expert traders in the market. This can boost your chances of making successful trades, as you will be copying tried and tested strategies.
Opening an Account on Finantiko
Now that you have ascertained what trading platforms you will be using, it is time for you to know what account options Finantiko has introduced for welcoming traders. The broker claims to cater to traders of all backgrounds and trading styles; whether you are a newcomer or a seasoned trader, the broker is ready to facilitate all. But, does it really do so, or is it only making claims? This is what you need to confirm and it can be done by taking a look at the account options provided by the broker. You will be pleased to know that Finantiko has made an effort into accommodating different types of traders.
They offer multiple account options to their clients, which are:
Starting with the Bronze account, Finantiko has added simple features in order to fulfill the needs of newbies and beginners who don’t have a lot of knowledge about the financial markets. Therefore, this account option comes with a trading size of 0.1 and provides clients with 24/7 live customer service. In addition, they can benefit from 1-on-1 training and also attend an online financial course for their guidance. This account allows them to trade metals and energies, world indices, FX currency pairs, but not agricultures.
Moving up, Finantiko has added the Gold account for traders with some exposure in the markets. They are given a trading size of 0.1 since they are willing to invest a bit more and the account also lets them trade agricultural commodities, if they want. Plus, they can also access the e-books that the broker has added to their education section for instructing and helping traders.
An account option developed for intermediate traders, Finantiko increases the trading size to 0.2 here and allows users to attend webinars. These webinars are organized by industry experts and professionals and they provide the latest updates that can be immensely helpful for traders. Furthermore, the account also comes with an analyst manager that can help traders in analyzing the market in a better way to make smart and profitable decisions.
The final account option that Finantiko provides is meant for skilled and seasoned traders with more than enough trading experience to take bigger risks. The trading size under this account is 0.5 and all other features of the broker are accessible here. A free online VPS service is also added for providing greater convenience and ease to clients.
While these are some of the features that distinguish the different account types, it is important for traders to remember that Finantiko charges different spreads under each account, starting with high and going low. Hence, the lowest and tightest spreads are offered in the Diamond account. The broker has also made an effort to add a demo account that can be used for practicing trading, thereby reducing the chances of mistakes. Islamic account options have also been incorporated for further facilitation of traders.
The Security Environment at Finantiko
It is understood that the assets, trading platforms and account options are all very important parts of a brokerage, but all of them will be moot if their security measures and protocols are not up to the mark. Considering the increasing number of cybersecurity risks, you need to ensure that the broker you choose has taken the necessary steps to keep you safe. After all, you will be trusting the broker with your hard-earned money and your sensitive information and you don’t want to take any risks with it.
How does Finantiko fare in this regard? The broker understands the necessity of having top-notch security nowadays and has added appropriate measures to create a safe environment for its clients where they can trade with complete peace of mind. To protect personal and confidential information that is shared with them, the broker uses SSL (Secure Socket Layer) encryption. All data is instantly encrypted, as soon as it is entered, for providing maximum security.
As stated above, Finantiko is also complaint with rules imposed by the MIFID II, which include the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These policies can reduce the possibility of financial fraud and crimes like money laundering. They can also prevent identity theft and terrorist activities. To comply with these policies, you have to provide identification documents and this ensures that only legitimate accounts are created on the broker’s platform. The documents that have to be submitted include:
- A government-issued form of ID like driver’s license, passport and national ID card for Proof of ID.
- A utility bill like water, gas or electricity, or a bank statement with your full name and address for Proof of Residence.
- A picture of your credit card, both front and back with the last four digits and the CVC hidden, for Proof of Payment.
These documents are required of every trader signing up on Finantiko. They will not be able to make any financial transactions from their accounts until they have provided these documents for verification. It should also be noted that no third-party accounts are acceptable by the broker due to security reasons.
Other Tools and Features at Finantiko
To simplify the trading process and make your experience enjoyable and profitable, Finantiko has added a range of tools and features. Their risk management tools, like the use of orders including stop loss, guaranteed stop loss and take profit, are a welcome addition. They allow traders to minimize their losses and to lock in their profits. The Economic Calendar helps track important events that can have an impact on market prices.
The broker has also created an education section on their trading platform. As the name indicates, the purpose of this area is to educate traders about different features of the market. It comprises of e-books, articles, videos and courses. Finantiko has also added webinars and trading experts for guidance and there is a whole customer service department, ready to assist in case of any problems.
With Finantiko, you can make the right choice when it comes to a broker and have a good and profitable trading journey.