The increased speculation in stocks continues to be supported, especially now that the US had passed a $1.9 trillion stimulus package and more infrastructure spending might come down the road. At the same time, Europe and other emerging markets are expected to keep fiscal and monetary stimulus in place, favoring higher asset valuations and risk mood.
Faced with favorable conditions for stocks, there is a need for financial services providers to be able to offer competitive trading conditions, and one of them is Finetero.
Highlights of Finetero
Finetero is a popular online trading brand founded in 2018, currently offering access to a broad range of tradable instruments, most of them based on stocks around the world. It is currently working on behalf of customers based in 150+ countries, providing access to top-tier liquidity and maintaining a high level of security.
Some of its trading achievements are impressive, considering the average order execution is 7.12 ms. The 2019 order slippage stats show that 74.1% of clientmarket orders were executed at the requested quote, showing the brand’s commitment is to constantly deliver on its promises.
Finetero Stocks and Trading Products
An emphasis needs to be put on the fact that it is possible to trade a variety of stocks with Finetero, given the asset coverage includes stocks in Germany, UK, France, or the USA. Traders can take advantage of rising/falling prices in Adidas, Amazon, Apple, Alibaba, Bayer, Belgacom, and plenty of other high-profile names.
But the asset coverage is not limited to stocks alone. Tens of currency pairs are also covered, including major, minors, and a generous list of exotics. Stock market indices, commodities, and also many popular cryptocurrencies are part of the offer, allowing a greater diversification capability. Traders can take advantage of these using flexible trading costs and up to 1:200 leverage.
Focused on providing a customized trading experience, Finetero relies on a WebTrader promising both simple usage, but also enough trading tools built-in to help traders cope with the market uncertainty. This is a solution that can be used even by a beginner since the interface is very simple. Also, it’s good to see the platform is available in multiple languages, reinforcing the brand wants to attract customers in various countries.
Additionally, if the WebTrader is not what some traders want, Finetero is also offering the popular Metatrader 4. This platform can be installed on a PC, laptop, smartphone, or tablet, integrating a wide range of technical analysis tools and Expert Advisors compatibility.
When opening an account with Finetero there will be 5 options available:
Each comes associated with different features and most importantly, trading tools that can be helpful when looking after new trading opportunities. All customers get to benefit from daily newsletter and premium signals provided by Trading Central. For larger accounts, the company offers access to Mirror Trader and RoboX, tools designed to automate the trading process.
Starting to trade with the company is convenient for a broad audience, given a small account can be opened with as little as 200 euros. Traders need to consider all the limits associated with each account type when wanting to make an upgrade.
Various educational resources are also available at Finetero, as the brand wants to be a reliable source of information for those wanting to dive into the world of online trading. With access to an online trading academy, private trading sessions, and access to event room, it is convenient to learn from pros how to find trading opportunities.
Not all of these resources will be widely available, as they will depend on what account type each customer chooses. However, all traders will benefit from the online education center, webinars, and seminars, regardless of their initial deposit.
Pros and Cons
- Clients’ funds are kept in segregated bank accounts for higher security
- Support granted from a relationship manager
- Trading Central resources available for all customers.
- An upgrade to a silver account requires a €10,000 deposit
- Standard trading commissions
- VIP services are available for Premium accounts only.
Considering the favorable conditions in the stock markets and other leading asset classes, Finetero comes with a promising trading offer. Since it already serves customers in more than 150 countries, is indicating people trust its claims, thus this is a reputable trading brand. Traders can enjoy a broad range of trading tools and educational resources, and opening a live account is not conditioned by a large initial deposit.
However, it is important to note that premium features will only be available to large account holders. All in all, Finetero is a brand to consider by any trader, beginners or experienced, wanting to take advantage of attractive trading conditions on a wide range of tradable assets.
Byron Simpson is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance cent.