Finantiko Review – Should you Sign up with This Broker?

With economic problems on the rise, more and more people are seeking ways that can help them make quick and solid profits. No, it doesn’t mean that you have to do something illegal, but there are ways that financial goals can be achieved a lot quicker than through a standard 9 to 5 job. If you do some research into the possibilities, you will come across the option of trading in the financial markets. This is certainly not a new concept because people have been trading in the stock and forex markets for years. But, it has gained a lot of popularity recently due to several reasons. 

First and foremost, previously it wasn’t easy for people to trade in any financial market, but technology has made them quite accessible for everyone. Secondly, a lot more people are becoming aware of the profit potential that the trading market possesses. Thirdly, the interest and hype surrounding cryptocurrencies has caused the popularity of these markets to surge in recent times. Even if you have no background, knowledge or experience in the trading world, you can still enter it without any problems. As long as you are ready to put in some money, you can begin trading at your discretion.

Even though the trading space doesn’t have the traditional prerequisites as other markets, you do need to find an online broker. Brokers have also been part of the trading space since the concept was introduced, only now they are offering their services online due to technological advancement. Brokers help traders in accessing different instruments, executing trades, managing their portfolio and reaping the benefits of trading. In the last decade, the number of brokers has also risen significantly in order to meet the needs of the influx of traders in the financial markets. 

Thus, if you are thinking about trading, you will not have trouble in finding online brokers. You can find them like you find everything else; Google. But, it is important to remember that you cannot just go with the first option that you will find here. Choosing a broker without doing some research is a foolish mistake. You are going to trust them with your money and your sensitive information and considering the number of cybercriminals in the market, you cannot just trust anyone. When you need the services of an online broker, you should set aside some time for research into the broker. 

You need to do the same when you come across Finantiko, one of the numerous brokers operating in the market. It is just one other name amongst the numbers you will find and you need to look into it thoroughly before you decide to sign up with them. You should remember that just because a broker is good for one trader doesn’t mean they will also be good for another. You shouldn’t make this decision without doing some homework because having to change brokers later on is a big hassle. It is better to invest some time beforehand in order to find the ideal option in the first go.

An Overview of Finantiko 

Broker	Finantiko
Website	Finantiko
Trading Accounts	Bronze, Gold, Platinum and Diamond
Minimum Deposit	$250
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
Parent Company	Finantiko

 

Polskie: Finantiko Review – Co powinieneś o tym wiedzieć o tym Brokerze?

Finantiko is an online broker that is providing its services to traders all over the globe. They specialize in offering a wide range of CFD (Contracts for Difference) trading products to people, which is one of the most popular forms of trading. In this type of trading, you don’t have to purchase any asset physically. For instance, if you are trading gold CFDs, then you will not need to buy gold and sell it later on. Rather than doing so, traders simply deal in contracts that can be bought and sold in accordance with price movements.

The broker’s website can be accessed in two languages; Polish and English. Finantiko has a registered address and is compliant with the MIFID II (The Directive on Markets in Financial Instruments). This means that it is licensed and authorized to provide financial services to traders and complies with international standards and regulations when delivering its services. But, this is not reason enough to sign up with this broker. There are a few other things that you need to know about it before you make this decision. What should you find out? Take a look below:

Security Infrastructure at Finantiko 

If you take a look at the statistics, you will be able to see that there has been a huge increase in cybercrimes. This has made a lot of people apprehensive about putting their confidential information out there, along with their hard-earned money. The problem is that when you want to use a broker’s services, you have to trust them with both of these things. How can you do that without constantly worrying about it? If you are too stressed out, you will not be able to trade properly and this will have a big impact on your success. Hence, you should take a look at the security infrastructure of a broker to ensure they have done everything possible to provide you with a safe trading environment.

How does Finantiko fare in this regard? This broker has taken measures for protecting your data and your funds. To start with, the broker uses SSL (Secure Socket Layer) encryption, which encrypts every single piece of data that’s shared on their platform by the trader. All communications, including your personal information, is encrypted instantly when you sign up with this broker. They also use Two-factor authentication and other measures to provide top-tier data protection their clients. 

Since it is a registered broker and follows the MiFID II rules, Finantiko is fully compliant with the well-known KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. These are in accordance with international standards and their aim is to prevent the broker’s platform from being used for financial crimes, money laundering, identity theft and terrorist activities. These policies require every trader signing up with the broker to provide some important documentation for verification of their accounts. What are the documents needed? 

• A government-issued ID, such as passport, driver’s license or national ID card that can give proof of identity. It shouldn’t be expired or near expiry.
• A utility bill, such as water, electricity, gas or any other or a bank statement showing full name and home address. This should not be older than three months.
• A front and back picture of the credit card, if you intend to use one on the broker’s platform. You can hide the last four digits of the card and the CVC on the back for security reasons.

These documents are used for verification by Finantiko and you need to comply with these security policies to be able to make transactions. Apart from this, the broker has also taken the security of your funds seriously. They understand that you are putting your hard-earned money at risk, and so, they follow the rules of customer account segregation. It indicates that traders’ accounts are maintained separately from that of the brokerage’s own accounts. These funds are only used to cover the trader’s own activities and not for paying off any obligations of the broker. 

In addition, Finantiko has also outlined a Privacy Policy on their website where they provide you information about how your data is used by the broker. You can go through the policy to have peace of mind about your information’s security. 

Investment Products at Finantiko

Now that you have ascertained what kind of security to expect from a broker, the next important step you need to take is to check what investment products they can offer. There are brokers out there who make promises about offering you lots of variety that can help you diversify, but most will give you access to limited options. In case your primarily goal is diversification or you want to trade one particular asset or in a specific market, you need to check what investment products are being offered to avoid any inconvenience later on. 

As stated earlier about Finantiko, it is a CFD broker and it is offering a significant variety of assets that you can trade. They have put in some effort into adding the top instruments in the market to their platform to help their customers in maximizing their trading profits. If you are wondering what markets you can invest in, here are some of the options this broker is offering:

• Stocks

One of the world’s oldest markets, the stock market has a lot of potential and has helped many a traders in making fortunes by trading stocks of different companies. Finantiko has added this market to its investment products to help its clients in taking advantage of the opportunities here. In fact, the broker has made an effort to add stocks of the leading companies in the world Amazon, Netflix, PayPal, Apple, Microsoft and VISA. 

• Commodities

Traders who are looking for investment products that can offer small yet consistent profits will find commodities to be the perfect choice. Finantiko has added a plethora of commodities to their offerings to cater to the needs of traders who have a low-risk tolerance. There are different types of commodities that can be traded; soft commodities and hard commodities. Agricultural products like cocoa, coffee, corn, wheat and cotton fall under the umbrella of the former. The latter, on the other hand, includes precious metals like gold and silver and natural energies like crude oil. 

• Indices

In the stock market, traders buy and sell stocks of individual companies, but indices allow them to trade a basket of stocks in one go. Therefore, they tend to be very lucrative and have a high volatility, thereby resulting in higher profits. Knowing the attraction this market has, Finantiko has incorporated some of the top indices on their platform and these include DAX30, CAC40, FTSE100, S&P500 and Dow Jones. 

• Forex

Known as the world’s largest market that has a daily trading volume in excess of $5 trillion, the foreign exchange market has made millionaires out of many. This market boasts a plethora of trading opportunities because there are literally thousands of currency pairs that can be traded. These can be classified into different categories like major, minor and exotic ones. Traders can choose a category, depending on their risk tolerance and the kind of profits they want. Some of the currency pairs that you can trade at Finantiko include EUR/USD, USD/JPY, USD/CHF, GBP/USD, AUD/CHF, GBP/CAD, NZD/USD, EUR/TRY and USD/RUB. 

• Cryptocurrencies

Referred to as the currency of the future, cryptocurrencies are an instrument that have taken the world by storm. It started with Bitcoin, but today, the market has grown significantly and its value has reached billions. It would be an understatement to say that they are a profitable investment. Consequently, Finantiko has added some of the top crypto options to their offerings, which include Bitcoin, Litecoin, Ripple, Bitcoin Cash and Ethereum. 

Trading Platforms at Finantiko 

When you are wondering whether to trust or broker a not, a big factor that can play an important role in your decision is the trading platform you will be provided. If the broker doesn’t give a proper and reliable trading platform, it shows that they are really not serious about their clients and are only in it to make money. A trustworthy and good broker will ensure that its clients have access to a sophisticated and easy-to-use trading platform that can fulfill their trading needs and allow them to make the most of their trades. 

In its aim to establish itself as a customer-centric broker, Finantiko has added the Sirix trading platform to its offerings. This is quite well-known and is one of the top trading platforms in the world due to its unique offerings and innovative technology. However, the most important thing you need to know here is that the broker has added different versions of this trading platform rather than restricting their clients to just one option. These options are:

• Sirix Web

As the name indicates, this is the web based version of the Sirix platform, which means you don’t have to worry about any downloading or installation. It can be accessed through the web browser, which means you are free to use it on any device. Plus, you don’t have to worry about maintaining or updating it constantly. The software is user-friendly and gives you instant access to multiple financial markets. The technology is rather impressive and you are provided numerous trading tools that can help you during the trading process. These include an economic calendar, pip calculator, charting tools and Fibonacci sequence. You can execute trades quickly with the one-click trading feature available.

• Sirix Station

Moving on, the second option that you will find at Finantiko is the desktop-version of the Sirix trading platform. This one needs to be downloaded on a device of your choice and will let you access every feature without any issues. The platform runs smoothly, without any lags or delays and allows you to enjoy speedy trade execution. It is easy to navigate for every trader, no matter what your trading experience. It also provides one-click trading and other advanced trading tools. The best part is that traders can customize this trading platform, as per their preference. 

• Sirix Mobile

Last, but certainly not the least, one of the best trading platform solutions that Finantiko has added is the mobile version of Sirix. These are trading apps that can be downloaded on iOS and Android devices and can give you access to your trading account round the clock. No matter where you are, you can check your positions and execute trades, as required. It has been optimized for instant trading and boasts a simple interface that makes the apps easy to use. 

Account Plans at Finantiko 

To avail a broker’s services and use their features, traders are required to first register with them and open an account where they deposit their funds. Finantiko also asks this of its customers and has kept their processes simple and easy for everyone to comply with. Their registration process is quite straightforward; you don’t need to do a lot of paperwork as there is only one short form to fill. You can find this form on their website and complete it in a couple of minutes. It will ask for your first and last name, email address and password, along with your phone number and location. Agree to their Terms and Conditions and you can move onto the stage of choosing an account plan.

As is the trend, Finantiko has also added various account plans to their platform. There are four choices available because they are meant for people with different trading styles. Let’s take a look at these options:

• Bronze

An account meant for newcomers, the Bronze option at Finantiko provides its users with 24/7 live support and an online financial course for their assistance. They can also benefit from one-on-one training with experts. The maximum trading size they are given is 0.01. They will be able to trade forex currency pairs, major and minor both, energies, world indices and metals. 

• Gold

The Gold account that has been developed by Finantiko is useful for traders with some knowledge and experience. It offers the features of the Bronze account, along with additional features. Traders can read e-books under this account and have a trading size of 0.1. In this account, traders can also trade agricultures here. 

• Platinum

The third account that you will come across on the Finantiko platform is designed for intermediate traders. Traders using this account will be able to consult with an analyst manager for their trading, attend webinars conducted by experts and the trading size reaches 0.2. 

• Diamond

The last account choice that Finantiko has developed for its traders is called the Diamond account and it is for professional and expert traders. The trading size in this account is 0.5 and it also comes with a free VPS service. 

Apart from the difference in features, these four account options also differ in the spreads that are offered to the traders with the highest spreads in the Bronze account and the lowest in the Diamond account. Along with these account choices, the broker has also added an Islamic account choice for its clients. They can also open a demo account first to get acquainted with the broker’s offerings and their trading platform and then open a live account. 

Customer Support and Assistance at Finantiko 

As the broker’s aim is to facilitate its traders, they have added a number of such features that can be incredibly helpful. At Finantiko, you will be able to find numerous support options for getting the help you need. The broker understands that traders will have questions, concerns and queries when they are using their platform. Therefore, they have ensured that they can find the assistance and support they require. If you check out their website, you will find that they allow you to get in touch through their online contact form.

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You can also choose to contact them via emails on the email address that is provided on their website. Their agents are quite friendly and knowledgeable and will be able to resolve your problems right away. Finantiko has also added numerous trading tools, like risk management tools, pip calculator and margin calculator, which can be used by traders for making better and smarter trades. There are also educational resources that you will find on their platform that can help traders in improving their knowledge.

Bottom Line 

These features of the broker indicate that they have created an optimal trading environment for its clients and can be trusted for your trading needs.