Yes, FinoTrade offers a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
FinoTrade at a glance
| 🔍 Broker's Name | Finotrade |
| 🏛 Headquartered | London, UK |
| 📅 Year Founded | 2007 |
| 🏛 Regulating Authorities | The Financial Conduct Authority (FCA) |
| 🌐 Countries not accepted for trade | None listed |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 📒 Demo Account | Yes |
| 📒 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📊 Leverage | 1:30 |
| 💰 Minimum Deposit | $1000 |
| ZAR | R16 000 ZAR |
| 💳 Withdrawal Options | Safe Charge, Union Pay, Wire transfers |
| 💻 Platform Types | MetaTrader 4 |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Forex, indices, and commodities |
| 🌐 Languages supported | English, Spanish, Italian, French |
| ☎ Customer Service Hours | 24/5 |
Min Deposit
USD 1,000
Regulators
FCA
Trading Platform
MT4
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our FinoTrade Demo Account below.
FinoTrade Group Demo Account Types Revealed – A Key 8 Point Quick Overview
- ✅FinoTrade at a glance
- ✅FinoTrade Overview
- ✅How to set up a FinoTrade Demo Account – Step by Step
- FinoTrade Demo Account Features
- FinoTrade Pros and Cons
- FinoTrade Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is an overview of the FinoTrade Demo Account as well as the features that are offered.
FinoTrade Overview
FinoTrade is an FCA-regulated UK broker headquartered in London that was established in 2007 to provide brokerage services to retail and institutional clients and trades under Finotec Limited. FinoTrade provides traders with access to three popular asset classes, namely Forex, indices, and commodities, which can be traded on the popular MetaTrader 4 platform.
Unfortunately, FinoTrade does not publish its spread list or commission structure, so there is no information available regarding at what price these instruments can be traded. FinoTrade offers a good range of account options, but they come with an extremely high minimum deposit. Many beginner retail traders may find this too high as an initial investment.
Still, FinoTrade offers a broad selection of resources for beginners, and advanced traders have comprehensive analytical resources. All traders will benefit from the broker’s securely regulated trading environment.
How to set up a FinoTrade Demo Account – Step by Step
Opening a demo account with Finotrade will consist of the following simple steps:
🟢 Step 1 – Navigate to the FinoTrade website
Navigate to the demo account section on the FinoTrade website. This can be found on the dropdown sheet at the top of the landing page
🟢 Step 2 – FinoTrade registration page
Here you will find a link to the registration page. Fill out the required details, including your full name, country of residence, email address, and contact details
🟢 Step 3 – Start practicing
Click on the ‘start practicing’ button to launch your free demo account
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy. If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
FinoTrade Demo Account Features
The demo account from FinoTrade will allow users to test out the trading features of the MetaTrader 4 platform. Prospective traders can open as many demo accounts as they wish and use the opportunity to become familiar with the platform and its suite of functionality for an unlimited period.
🌐 Demo Account Features: | MetaTrader4 |
Screen sharing demonstrations |
|
Unlimited period |
For beginner traders, using the demo option comes highly recommended. FinoTrade can provide screen sharing demonstrations of how to use the software with a member of the technical team. More experienced traders might also find the FinoTrade demo account useful to understand the broker’s trading conditions, pricing and the symbols offered.
FinoTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Available for an unlimited period | |
| Easy sign-up process | |
| Highly comprehensive demo account |
FinoTrade Customer Reviews
Good customer support
Finotrade gives the best support service so I will trade easily . thank you FinoTrade. I feel very fortunate to be part of this unique broker – Ben
No specified account offerings…
Great website with service offerings, more detail is required for live/trading options.. – Pamela
Affiliate and IB program on website
I enjoy the opportunities to earn an income through IB and White label programs offered by forex brokers – Dan
Min Deposit
USD 1,000
Regulators
FCA
Trading Platform
MT4
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, Finotrade would be a good choice for high-volume traders and investors of a bigger size. The broker makes is clear about its strive for lower costs and tailored solutions with the opportunity to choose either fixed, variable or war spread with commission charges. It is a reliable company due to its FCA license and the customized solutions they do offer. Finotrade is a UK forex brokerage that offers access to the forex and CFD market through the MetaTrader4 platform.
The broker is part of the Finotec Group and operates TopWellCG, DragonGain (a brand of Finotec Trading UK Limited, which targets mainly Japanese investors), CSI-FX, Sky Clearing, Ballistic Markets, 121 Clearing, and Noa Prime. The main advantage of Finotrade over many of its competitors is the fact that it holds a license from United Kingdom’s Financial Conduct Authority.
The Financial Conduct Authority (FCA) applies several requirements to licensed entities, which guarantees the security of their client’s funds.
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Frequently Asked Questions
For how long is the FinoTrade demo account valid?
The demo account from Finotrade does not expire.
Can you withdraw money from a FinoTrade demo account?
FinoTrade does not allow withdrawals on a demo account.
Is FinoTrade a good option for beginner traders?
FinoTrade is a good broker for both beginner as well as advanced traders
Is the FinoTrade demo account the same as a real account?
A FinoTrade demo account mimics a live account environment.
How does FinoTrade make money?
FinoTrade is a subsidiary of Finotec with a focus on professional investment and trading.
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