Finotec is a derivative and forex trading platform and broker who started the internet trading frenzy back in 1998, essentially leading the industry and the world into the online currency market. They revamped their platform and launched a new revised edition of this platform in 2001. They offer trading in real time with currencies, commodities, CFD’s and stocks.Their team of experienced programmers and analysts have paved the way for most other online forex brokers in their quest for an online presence.

We found their forex sites to be very atypical of a quality forex site and were sure you won’t have any issues with such an experienced platform and experienced company as Finotec. They offer the tools needed to make qualified trades, and you will not have any trouble navigating the site. They allow you to start a mini account for as little as $200 and experience the trading platform while gaining some experience with little risk.
They offer a demo account that allows you to use up to $100,000 leverage to try out the platform for free and gain some insight on how to use Finotec before you actually start trading.

Finotec currently does not have access to US market, so if your living in the U.S. you will not be able to use their services. However, they do provide access to their platform to Canadian residents. The demo platform is a web based java application, so if you choose not to download their software (also available) you can access their platform anywhere in the world with a high speed internet connection. Finotec is lacking on some technical analysis that you would expect to find directly within the platform, but they have a host of other information including RSI and trend signals available using the drop down menus linked from the platform software.

The registration process for an account at Finotec is slightly time-consuming, but we think is for security reasons, and did not think it was unreasonable at any point. You will have to provide government issued ID and agree to their terms and conditions before proceeding to trading with Finotec. The tight spreads are as low as 3 pips for most of the 21 currency pairs and they are commission free. The platform is multilingual covering over 10 of the world’s most prevalent languages.

Finotec provides some very nice features to its forex customers including both daily and weekly forex repots, over 40 indicators for market trend and direction analysis and streaming trading news with sms alerts linked to the platform for spur of the moment market news sent directly to your sms enabled cell phone.