Finotrade Review South Africa – Unbiased Pros & Cons Revealed ( 2025 )

Overall, FinoTrade is very competitive in terms of its trading fees and spreads. FinoTrade is a subsidiary of Finotec Group that is well regulated through FCA UK. Their spread is superlow compared to other FCA regulated brokers and there are no hidden trading fees, and commission with the accounts on offer.

FinoTrade at a glance

Overall Rating

• 3.8/5

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OPEN AN ACCOUNT

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 Review below.

FinoTrade Review Revealed – A Key 21 Point Quick Overview

1. ✅FinoTrade at a glance
2. ✅FinoTrade Overview
3. ✅Finotrade Safe or scam?
4. FinoTrade Sign-up Bonus
5. FinoTrade Referral Bonus
6. FinoTrade Minimum Deposit
7. FinoTrade Account Types
8. FinoTrade Account Features
9. How to open a FinoTrade Trading Account – Step by Step
10. FinoTrade Demo Account Features
11. FinoTrade Islamic Account
12. FinoTrade Fees and Spreads
13. FinoTrade Deposit fees and deposit methods
14. FinoTrade Trading Platforms
15. FinoTrade vs Fineco Bank vs Enclave FX – A Comparison
16. FinoTrade Current Popularity Trends
17. FinoTrade Pro and cons
18. FinoTrade Customer Reviews
19. Conclusion
20. Disclaimer
21. Frequently Asked Questions

FinoTrade Overview

According to research in South Africa, Finotrade  is an international brokerage firm started in 2018 with headquarters in London. It is a fully FCA regulated firm that gives an opportunity to invest and maximize trading potential through unparalleled technology, rapid execution and trustable operations.

Finotrade caters for the professional trading environment accompanied by competitive trading conditions. The company offers MetaTrader4 and provides a range of account types suitable for either beginning or professional investors. It also runs its own trading Academy dedicated to educating traders with better knowledge of the industry.

Finotrade’s team of professional brokers are handpicked and dedicated to the success of its clients and to the integrity of its brand. With over 10 000 satisfied clients and 100 million dollars invested, you are invited to join this firm and experience the power of trading.

Finotrade is a trading name of Finotec Trading UK Limited and the website is owned and operated by Finotec Trading UK Limited. Finotec Trading UK Limited is authorised and regulated by the Financial Conduct Authority – Financial Services Register Number (470392).

FinoTrade Safe or scam?

Finotrade is a trading name used by the Finotec Trading UK, a company authorized and regulated by the Financial Conduct Authority (FCA) that protects clients and establishes a strong investment background. Together with compliance to FCA rules which is designed to deliver a safe trading environment and the broker being audited annually, traders can rest assured that the firm holds clients’ money under all necessary restrictions.

As a regulated broker, all client funds are always fully segregated while kept in separate bank accounts. Every investor of Finotrade automatically falls under the Financial Services Compensation Scheme (FSCS) that protects funds up to GBP 85,000 per client in case of a broker’s insolvency.

This means the operation is under safe measures and a reputable broker, as it can be easily fined or even banned from the operation in case it crosses any laws.

FinoTrade Sign-up Bonus

FinoTrade does not offer a welcome bonus to new traders who choose to register for a real account with the broker. FinoTrade is regulated by the Financial Conduct Authority (FCA) of the UK, which has restricted the offering of bonuses and promotions by brokers.

As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker. New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.

FinoTrade Referral Bonus

Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.

FinoTrade as a subsidiary of Finotec offers customers, a referral bonus in a form of partnership programs, such as IB (Introducing Brokers) programs grow faster with our turnkey solutions and world leading technology, providing your introduced clients with a professional, cost-effective and secure trading environment.

White Label Programs offers traders the opportunity to launch their own online brokerage faster with an MT4 White Label solution. Our One-Stop Solution includes: Client Trading Terminal, Mobile Platform, tailored Back Office system, Pre-aggregated data feeds, low-latency executions, a wide range of trading instruments, Risk Management tools and much more.

FinoTrade Minimum Deposit

The minimum deposit amount required to open a broker account with FinoTrade is $1000. This is a relatively high minimum deposit requirement when compared to most other brokers in the industry, with whom the average deposit ranges between $10 and $100.

FinoTrade Account Types

FinoTrade operates under Finotec and was established in 2007 to provide brokerage services to retail and institutional clients depending on the deposit made, FinoTrade and Finotec offer various fee structures on its Standard and Corporate accounts.

Upon receipt of your Application Form when opening an account, FinoTrade may carry out credit or other checks as the broker deems appropriate from time to time including without limit obtaining references from your bank, employer, or credit agencies.

Credit reference agencies will record details of the search irrespective of whether your application proceeds or not. FinoTrade also reserves the right to carry out further credit checks at any time. FinoTrade may use credit scoring methods to assess your application. This may affect the broker’s decision on whether to accept the application or whether to alter the way in which your Account will operate.

If your Application Form is accepted, then FinoTrade will open an Account for you and provide you with a user ID and account number. Notwithstanding the fact that FinoTrade agrees to do so, the broker is not liable for any mistakes made in the amount transferred provided that the aggregate sum transferred is correct.

FinoTrade Account Features

FinoTrade is a regulated broker through FCA UK and a subsidiary of Finotec limited, therefore account offerings below are relayed to Finotec:

How to open a FinoTrade Trading Account – Step by Step

Because FinoTrade is a subsidiary of Finotec, the following steps can be taken to open an account with the brokers:

🟢 Step 1 – Navigate to Finotec’s website and select “open an account”

Navigate to the open account area on the Finotec website. This can be accessed by clicking on the open account button at the bottom of the landing page

🟢 Step 2 – Fill out the Application Form

The second step in the account registration process requires traders to provide their email address

🟢 Step 3 – Select and fill in a secure password for trading

🟢 Step 4 –  Choose account type

Traders must select the account or service of choice between an Individual or Corporate trading account , managed account, an IB Program or asset manager option.

🟢 Step 5 – Fill in the assessment based on personal information

Traders will be directed to the next step where they must provide: the country of residence, taxes as well as a traders nationality.

🟢 Step 6 – Fill out the amount of FX/CFD leveraged instruments traded in the last quarter

🟢 Step 7 – Provide the size of your liquid Net Worth

🟢 Step 8 – Select the account leverage option 

🟢 Step 9 – Application notification

The last step in the account registration process will provide traders with the application outcome of approval or failure

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.

FinoTrade Islamic Account

FinoTrade no longer offered an Islamic account at the time of writing, FinoTrade falls under the Finotec umbrella company. It is clarified that an Islamic account (account which is not charged with premiums and/or rollovers and/or interest) is a benefit given solely for religious reasons to a person who is Islamic and cannot receive or pay interest due to his religion. It is strictly forbidden to abuse this benefit in any manner whatsoever or to use it in any manner except as foresaid.

As already noted, FinoTrade reserves the right to cancel the previously mentioned benefit at any time and take any actions necessary such as cancelling client transactions, adjusting client account balances etc., which might be required in the broker’s absolute discretion.

FinoTrade Fees and Spreads

The spread list from FinoTrade is published on the main broker’s website, Finotec. spread lists start from 0.0 pips

FinoTrade Deposit fees and deposit methods

FinoTrade has a limited selection of deposit methods, consisting of bank wire transfer, SafeCharge and UnionPay. In terms of deposit security, client money is segregated from Finotrade’s own bank accounts, which ensures that client funds will not be treated as part of the broker’s assets in the unlikely event of broker insolvency.

FinoTrade Trading Platforms

Finotrade use MetaTrader4 as its trading platform. MT4 offers some of the best software solutions for trading, accompanied by a complete analysis package, numerous built-in indicators and fantastic charting tools. In addition to MT4’s trading capabilities and manual trading options, there are also automated robot strategies known as EAs alternatively offering its powerful features.

MT4 gained its popularity among world traders and remains the most used one among professionals and regular traders. With MT4, Finotrade also though of its professional investors and included VPS technology to traders, thus providing continuous trading operation with no interactions. Metatrader4 is available for desktop and mobile with Finotrade.

FinoTrade vs Fineco Bank vs Enclave FX - A Comparison

FinoTrade Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “FinoTrade” is entered into Google’s search engine over a given period of time.

FinoTrade Pro and cons

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

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 UK’s FCA.

FCA applies several requirements to licensed entities, which guarantee the security of their client’s funds. Client money is held entirely separate from the company’s own money, ensuring that in the unlikely event of default, client funds will be returned to the clients rather than being treated as a recoverable asset by general creditors.

Being an FCA-licensed brokerage, if the company should go into liquidation and there is a shortfall, retail clients can get compensation from the Financial Services Compensation Scheme (FSCS).

You might also like: FinoTrade Account Types Overview

You might also like: FinoTrade Demo Account – Step by Step

You might also like: FinoTrade Fees and Spreads

You might also like: FinoTrade Islamic Account Overview

You might also like: FinoTrade Minimum Deposit

You might also like: FinoTrade Sign up Bonus

Disclaimer

Trading in Foreign Exchange and other leveraged products carries a high degree of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary.

Before you start trading Forex with Finotrade, you should read its full disclaimer and risk warning. There is a certain degree of risk associated with Forex trading and you should be fully aware of it before you begin trading. The information contained on its website does not constitute an offer to buy or sell currencies.

It does not constitute a solicitation or offer to buy or sell any currencies or products referred to on the site, by any person residing in a jurisdiction where such solicitation or offer would be unlawful or where the person making such solicitation or offer is not qualified.

Investors should be aware that as prices may rise, they may also fall, and the resulting income can thus go down as well as up. When buying or selling any investment whose price or value is subject to volatility and fluctuations, you may lose what you have invested and more.

Note that past performance does not necessarily reflect future performance. The services and investments referred to on this website may not be suitable for all investors and before trading, you should seek independent advice from your qualified financial adviser.

Spot foreign exchange (Forex or FX), Spot Gold, and Silver are volatile instruments and in certain circumstances, you may lose your initial investment. Spot foreign exchange (Forex or FX), Spot Gold, and Silver are not always suitable for everyone and you should consult your financial adviser before trading.

Finotrade is not responsible for the accuracy of other sites’ information content provided by third parties which have links to or from our website, which are not necessarily regulated and authorized by The Financial Conduct Authority. Note that intermediate customers are non-eligible participants of the Financial Ombudsman Scheme, and Finotrade does not subscribe to any alternative dispute resolution bodies, According to research in South Africa.

Frequently Asked Questions

Is Finotrade a legit broker?

Finotrade is a legit broker that is strictly regulated by FCA (Financial Conduct Authority) in the UK.

For which type of trader is FinoTrade best suited?

FinoTrade is best suited for retail traders, as it requires a high minimum deposit.

What trading platforms are supported by FinoTrade?

FinoTrade supports the MetaTrader4 platform.

What are the advantages of trading with FinoTrade?

The advantages of trading with FinoTrade are due to the regulation of FCA (the Financial Conduct Authority) UK that should give traders peace of mind, as well as the deposit protection of $500 000 which is an added benefit for traders who choose to join FinoTrade.

Does FinoTrade manipulate the market?

No, FinoTrade is not known for manipulating the markets as they are regulated through (the Financial Conduct Authority) FCA UK.