Finalto Review and Tutorial 2021

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Finalto Facts & Figures

Finalto is a tech-focused brokerage firm offering CFD trading on a competitive range of assets, alongside liquidity provision and risk management systems.

BonusDeposit bonus
InstrumentsCFD, Forex, Crypto, Stocks
Demo AccountYes
Min. Deposit$100
Payment MethodsCredit Card, Debit Card, iDeal, Neteller, PayPal, Skrill, Sofort, Wire Transfer
Min. Trade0.01 lots
Regulated ByFCA,CySEC,ASIC,BVI FSC, FSCA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
STP AccountNo
ECN AccountYes
DMA AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Auto TradingNo
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
CFD
Finalto focuses on CFD trading services, covering currencies, commodities, indices, stocks, ETFs, bonds and cryptocurrencies.
FTSE Spread4.4
GBPUSD Spread13.9
Oil Spread0.12
Stocks SpreadVariable
Leverage1:30
Forex

Forex trading with Finalto is done through contracts for difference, with a range of major, minor and exotic currency pairs on offer.

GBPUSD Spread13.9
EURUSD Spread2.6
EURGBP Spread10.8
Assets67
Cryptocurrency

Finalto offers CFDs on 25 popular cryptocurrencies through MT4, MT5 and its own proprietary platform.

SpreadVariable
CoinsTRON, DASH, MKR, CRV, COMP, BSV, YFI, BAT, BTC, LINK, ZRX, SNX, XRP, BCH, DOT, LTC, XTZ, NEO, XMR, AAVE, ADA, ETH, XLM, EOS
Risk Warning – Your capital is at risk

The Finalto Group is a financial services provider based in the Isle of Man. A range of services is encompassed within the company, including solutions for liquidity and technology for customers looking to set up their own trading platforms, as well as running their own award-winning trading platform, markets.com, which has been used by traders from countries in Asia, Europe and all over the world. This Finalto review will run through everything you need to know about the group’s own trading brokerage, from the assets to typical spreads.

Finalto

Finalto Financial Services Ltd. is the financial division of Playtech PLC, a gambling software development company with a yearly revenue of over 1 billion Euros. Playtech PLC is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 250 Index. The group’s brokerage, markets.com, is a global forex and contract for difference (CFD) broker.

Finalto was known as TradeTech Alpha before it was incorporated by Playtech in 2013. Similarly, its brokerage, markets.com, was GFC Markets before it rebranded after a merger with Playtech. In 2021, there have been rumours of acquisitions from two companies trying to purchase Finalto from Playtech, which is looking to make a sale. The first consortium was rejected by Finalto shareholders, as highlighted in the circular they released, but Gopher’s offer is still being considered according to the news.

Finalto, and its owner Playtech PLC, are headquartered in Douglas, Isle of Man (IOM). The company also has offices in London (UK), Nicosia (Cyprus), Singapore, Sydney (Australia) and Copenhagen (Denmark). The broker is regulated by five global regulators, including the FCA and CySEC. Finalto’s markets.com accepts traders from many countries, such as EU countries, the UK, Australia and South Africa. There are a few exceptions, customers in the US, New Zealand, Israel, Russia and a few more are not able to trade with Finalto and markets.com.

Trading Platform

Finalto’s brokerage, markets.com, offers a web and desktop trading platform. The web platform features a user-friendly and clean design. While you cannot customize it to your personal preferences, you can choose between pre-set layouts. All the basic order types are available, such as market, limit and stop and it is easy to open and close trades through these. Through the ‘my account’ section, you can view clear annual reports and fee reports to visualise your trading history. It is possible to set up alerts and notifications on the web platform, which will be emailed to you.

Finalto’s desktop platform is provided by the ever-popular MetaTrader. Users have the choice of either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The platforms allow a lot of customization, meaning you can set them up to suit your trading style. The overall design is slightly outdated, leaving some features difficult to find. The desktop platform allows you to place all the same orders as the web platform with the addition of trailing stop and time limit orders. Users can view previous jobs and orders clearly with fee reports to indicate their history. Just like the web platform, alerts and notifications can be set up.

Assets

Finalto offers a wide range of forex currency pairs and CFDs. Today, they even offer crypto assets. The range is more expansive than competitors like FXTM.

Some of the assets on offer at Finalto include:

Spreads & Commission

As a forex and CFD broker, Finalto, and markets.com, make their money through spreads rather than commission. The company also charges a $10 fee per month after three months of inactivity. On average, Finalto’s forex fees are higher than competitors but its CFD fees are around the industry average.

Some typical spreads are:

Finalto logo and trading analyst review 2021
Finalto markets.com Trading Platform

 

Leverage

The leverage offered by Finalto varies by asset. The maximum rate is 1:30, which means that if you were to put down $100, you could trade with $3,000. While this can increase winnings, it also magnifies losses, so caution must be taken.

Leverages for different assets are:

Mobile Apps

Finalto’s brokerage, markets.com, provides a mobile trading platform for traders. As well as its own-developed mobile platform, traders can use the MetaTrader 4 and 5 mobile apps. Markets.com’s own mobile app features a smooth, user-friendly layout that is easily navigated. Searching for assets is easy and all the order types available on the web app are supported, simplifying the process of opening and closing trades. Alerts and notifications can be set up to notify users when assets hit certain prices. Unfortunately, there is only a one-step login process and touch ID/face ID security is not supported.

Payment Methods

Deposits can be made in a variety of currencies and from different payment methods. On markets.com there are eleven base currencies to choose between but, if you use MetaTrader, this reduces to six. Providing such a range reduces potential conversion fees. The minimum deposit at Finalto is $100 and there is no fee. When using a credit card, the deposit is received almost instantly but, with a bank transfer, the process can take several business days.

Deposits can be made via the following methods:

Finalto charges no withdrawal fees. Typically, withdrawals are processed within one day, and they can be made via the same methods as deposits. All withdrawals must be made to accounts with the same name as the Finalto account.

Demo Account

Finalto offers a demo account through which users can simulate a live trading environment without risking real capital. This allows clients to practise, get used to the different trading platforms and work on different strategies. The account is free to set up and gives access to unlimited virtual funds.

Deals & Promotions

Finalto’s brokerage, markets.com, offers a first-time deposit bonus. Users can receive up to $3,500 extra cash when they deposit. The bigger the deposit, the bigger the bonus; if a trader deposits $10,000 they receive the maximum bonus of $3,500.

Regulation & Licensing

Finalto, and markets.com, is licensed and regulated by five different bodies. It is regulated by the Financial Conduct Authority (FCA) in the UK, where an £85,000 compensation scheme is in place. Similarly, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), an EU regulatory body that provides EUR 20,000 of compensation.

Finalto holds three other licences that do not offer compensation schemes. It is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the Australian Securities and Investments Commission (ASIC) and the BVI Financial Services Commission (FSC) in the British Virgin Islands.

Finalto regulated CFD trading
MetaTrader 4 Mobile Trading Platform

Additional Features

The Finalto group provides a range of additional financial services to help people and companies set up their own trading platforms and brokerages. This section will run through a quick product guide showing some of the tools on offer.

ClearVision

Finalto’s ClearVision is a set of applications and tools that are designed to help partners manage all the different aspects of their business, through a single system. It provides tools for liquidity management, risk management, client management, trading platforms and more. The technology is flexible and adaptable and can be integrated with third-party back-office systems with the use of Finalto’s APIs.

Finalto 360

Finalto 360 is a powerful platform that combines five modules developed by industry experts. The suite provides a full broker solution to enable partners to build their own brokerage. Clients can select the different modules they want to include to design their ideal trading platform. Prices for this service start from $40,000, with a fixed monthly fee of at least $5,000.

Liquidity

Finalto can provide clients with a range of liquidity solutions. The firm provides access to a selection of tier 1 banks, electronic communication networks (ECNs) and non-bank liquidity pools so that partners can find the right solutions for their business.

Account Types

At markets.com, the only types of accounts available are a demo account and a one-size-fits-all live trading account. The benefit of only providing one live trading account type is that the best spreads are not hidden behind paywalls or high minimum deposits.

Benefits

Our research showed these to be the key advantages of trading Finalto’s brokerage, markets.com:

Drawbacks

These are the drawbacks flagged up in our research:

Trading Hours

Finalto’s trading hours match the different assets on offer. Forex currency pairs trade within the standard forex trading session, between 21:00 on a Sunday and 21:00 on a Friday. Stock, ETF, bond, commodity and index CFDs trade within the trading hours of their respective stock exchanges. Cryptocurrencies are available to trade 24/7.

Customer Support

Customer support is available 24/5 with Finalto and markets.com. It can be contacted via the following methods:

Safety & Security

Finalto, and markets.com, ensure that your funds are always protected. They provide investor compensation in the event of insolvency and have EU one million of insurance to ensure it never gets to that stage. Moreover, negative balance protection is provided ensuring your account balance can never drop below zero.

Finalto Verdict

Finalto and its brokerage markets.com bring together everything you need for a positive trading experience. They offer an extensive range of assets to trade, beating out many competitors, and boast a range of deposit and withdrawal methods and base currencies. Whether you want to dabble in the trading world or are looking to make some serious money or even just save up for a holiday, Finalto offers everything you need.

FAQs

Where Is Finalto Regulated?

Finalto’s brokerage, markets.com, is regulated by five bodies. These are the FCA (UK), CySEC (Cyprus/EU), ASIC (Australia), FSCA (South Africa) and FSC (British Virgin Islands).

Does Finalto Offer A Demo Account?

Yes, Finalto’s brokerage, markets.com, offers a demo account. Customers can use this to practise trading and get used to the platforms.

How Do Finalto’s Fees Compare To Competitors?

Finalto’s forex fees are higher than competitors but its CFD fees are around the industry average. Also, Finalto does not charge deposit and withdrawal fees, which is better than many competitors.

Is Finalto Safe?

Finalto has a range of compensation schemes in place to protect funds, as well as negative balance protection and five different financial licenses.

Which Trading Platform’s Does Finalto Offer?

Finalto’s brokerage, markets.com, offers a proprietary trading platform, alongside MetaTrader 4 and MetaTrader 5.

Accepted Countries

Finalto accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Alternatives to Finalto

If you are looking for alternatives to Finalto we have compiled a list of the top 5 brokers that are similar to Finalto below. This list of brokers like Finalto is in order of similarity and only includes companies that accept traders from your location.

  1. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  3. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  4. Paxful – Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
  5. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Finalto is a tech-focused brokerage firm offering CFD trading on a competitive range of assets, alongside liquidity provision and risk management systems.

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