Finveo Review 2023

2.2 / 5
Finveo is #109 in our CFD broker rankings.

Finveo will appeal to newer traders. It has an active investing community alongside educational materials, fixed spreads and fractional shares. Its 30+ years of industry experience are also reassuring.

- Daytrading Review Team

Finveo is a CFD broker that offers trading on popular asset classes, including forex, shares and commodities. Spreads start from 0 pips while high leverage up to 1:500 is available, alongside the customizable MetaTrader 4 platform. Finveo is regulated in multiple jurisdictions, including Turkey and Mauritius.


Demo Account

Copy Trading

MetaTrader 4
MT4, MT5, AutoChartist
CFD, Forex, Crypto, Stocks
Wire Transfer, Debit Card, Credit Card, Neteller, Bitcoin Payments
and 3 more
Forex Trading

Finveo clients that wish to speculate on the currency markets may do so through more than 60 forex pairs, including major, minor and exotic couplings.

Stock Trading

Finveo offers 1000+ stocks with fractional shares providing exposure to big names like Tesla, Apple and Netflix. Stock traders can take positions with a $1 minimum investment.

CFD Trading

Trade 1000+ CFDs including commodities, forex, indices, equities and cryptos. Execution speeds are fast with spreads from 0.0 pips. Investors can speculate on rising and falling prices.

Crypto Trading

Finveo boasts a variety of cryptocurrency CFDs that can be traded on MT4 and MT5 with leverage to speculate on the performance of different digital tokens.

✓ Pros

  • Great choice of payment methods with no broker fees including cryptos, credit/debit card, and e-wallets
  • Access to the MetaTrader 4 platform and app with customizable charting and automated trading
  • Responsive customer support available 24/5 via live chat, email, WhatsApp and telephone
  • Proprietary app with expert insights, community forum and automated analysis features
  • Access to ZuluTrade copy trading with capital allocation and risk flexibility
  • Education for beginners including a blog and strategy guidance

✗ Cons

  • Wide spreads on the Standard account type from 1.6 pips
  • Finveo is not regulated by a tier-one financial regulator
  • Limited trading tools compared to alternatives

Finding a broker that is best for you can be a difficult task as there are so many to choose from, each claiming to be the best, cheapest and most user-friendly. Finveo MN, a broker based in Montenegro, is one such option. This 2023 Finveo review will outline key details about the firm’s services and explore the trading platforms, assets and conditions on offer.

Finveo Headlines

Finveo is a multi-asset brokerage that serves a global clientele and has headquarters in Podgorica, Montenegro. It was launched in 2020 as a subsidiary of INVEO Investment Holding, a leading Financial Services Investment Holding company based in Istanbul, Turkey.

Licensed and regulated by the Capital Market Authority of Montenegro, Finveo also complies with international regulations prescribed by European Securities and Markets Authority (ESMA).

In addition, Finveo is a member of the Montenegrin Foreign Investors Council under the name of Finveo JSC.



Finveo’s revenue mainly comes from the spreads, which are linked to the account tier of its clients. The Standard account has a minimum spread of 2.0 pips, which is quite high compared to other platforms. However, spreads can get much lower for the Platinum account or even raw for the ECN Pro account.

While Finveo does not charge commission for Standard, Gold and Platinum accounts, there is a charge of USD 10 per lot on the ECN Pro accounts.

Finally, there is no dormancy fee. Instead, accounts with no funds deposited and no activity for over three months are disabled. If you wish to reactivate your account, you must contact Finveo support.

Payment Methods

Finveo accepts a range of payment options for deposits and withdrawals. All deposits must be made in USD and the minimum limit is $100 for Standard accounts. Accepted methods are:

Trading Platforms

MetaTrader 4

Finveo uses MetaTrader 4, which is one of the most popular forex trading platforms in the world, available for download on both Windows and macOS computers. Some of the main MT4 features include:

Finveo forex & CFD trading reviews
MetaTrader 4 Platform

MetaTrader 5

Finveo customers also have access to the MetaTrader 5 platform, which is the later iteration by MetaQuotes. Rather than being an updated version of the MT4, it is a platform designed with more experienced traders in mind and has a focus on commodities, equities (including fractional stocks), and CFDs. The MT5 platform boasts the following features:

Finveo platform breakdown and service analysis
MetaTrader 5 Platform

Social Trading

If Finveo customers wish, they are able to follow successful traders using the ZuluTrade social trading platform. On ZuluTrade, there is a sorting algorithm that creates a performance ranking of all members that anyone can see. When choosing from the other clients to follow, you can see the number of trades they have made, the amount of time they have been active for, their win percentage and their return on investment.

Finveo social trading through Zulutrade
ZuluTrade Platform

Account Types


Finveo offers its customers four different types of trading accounts.





Corporate & Institutional

Finveo also offers accounts to institutions and professional traders. These are high-quality services that come with special tools, customisable platforms and flexible trading conditions to ensure trading styles are accommodated and investments are best protected.

Demo Account

Finveo offers all users a free demo account, which is a great place to practise trading on its platforms, explore its assets and test out new ideas and approaches. The accounts are funded with $100,000 in digital capital and can access leverage rates up to 1:100.


First Deposit Bonus

Finveo will match any first deposit and give it to you as a bonus. For example, if you were to deposit $100, Finveo would give you another $100 to trade with. In order to claim this bonus, you simply have to sign up by completing a registration form and sending the appropriate documents. To receive the bonus, you would have to be within the undisclosed number of clients to sign up and trade 1 lot turn for every $10 bonus.


Finveo has introduced a deal whereby forex and CFD traders can avoid paying or receiving overnight fees on the MT4 platform. To claim this benefit, you just need to send a request for a swap-free account when you register. This is suitable for Islamic traders.

Regulation & Licensing

Finveo is regulated by the Capital Market Authority of Montenegro under the license number 03/2-2/11-20, which is a member of the International Organisation of Securities Commissions (IOSCO). Furthermore, Finveo complies with the rules set out by the European Securities and Market Authority regarding the safety and security of customer funds and accounts. This means you can rest assured that the funds in your account are protected. The LEI code can be found under the name Finveo Ad Podgorica.

Mobile Apps

All three software platforms offered by Finveo, MT4, MT5 and ZuluTrade, are also available via mobile applications. The platforms can be downloaded for iOS devices via the Apple App Store and Android (APK) devices via the Google Play Store.

The MetaTrader 4 mobile app comes with three chart types, nine timeframes, 30 technical indicators, market news and a chatbox, plus full account management functionality. The MT5 application builds on this, with six order types, level 2 price data, 30 indicators, 24 analytical tools, news updates and push notifications.

Finveo mobile trading & crypto CFDs
ZuluTrade Mobile Platform

Customer Support

The Finveo customer service team can be contacted via the live chat window on the website, which is available 24 hours a day, except on weekends. Alternatively, you can submit an email ticket through the online form or you can call or WhatsApp the team at the number below.

Finveo is also active and available for contact on social media, with accounts on Twitter, Facebook, Instagram, linkedIn, YouTube and Telegram. These platforms can also be used to keep up with news and announcements.

Education & Analysis

Finveo has created a training library with many educational resources to teach clients and readers about financial instruments and markets. This is a useful tool for both beginners and more advanced traders that this review recommends taking advantage of. The content is free and accessible to all, without the need to login to an account. Furthermore, there is a daily technical analysis page, where you can see insights and market trends on forex, commodities and indices, all of which are great for garnering more tips and information to construct your own strategies and execute trades.

Finveo Verdict

Finveo is a relatively new broker that offers many different instruments and markets to trade in. The use of the world-leading MetaTrader 4 and 5 platforms, the latter offering both forex and equities, plus the firm’s massive educational library, make it an attractive offer. Moreover, there is the opportunity for social trading through the popular ZuluTrade platform and experienced clients can open an ECN Pro account. In addition, Finveo has partnered with Autochartist – a top-class signals provider.

On the downside, the spreads offered on the lower account levels are not particularly competitive and the regulation is limited.


Can USA-Based Customers Register With Finveo?

Customers based in the US mainland, Alaska and Hawaii may not join Finveo. Only those in the US Virgin Islands may join.

Is Finveo Legit?

Yes, it is regulated by the Capital Market Authority of Montenegro. Additionally, Finveo follows the rules and regulations laid out by the European Securities and Market Authority (ESMA). This means that the firm has taken certain precautions to protect deposits and customers against fraud.

What Is Social Trading On Finveo?

Social trading is where you can follow the performance and success of other traders. It can be a helpful way to learn about the different strategies that other people use and adapt your own accordingly to help boost your profits. Finveo’s customers can use the social trading platform, ZuluTrade.

What Assets Does Finveo Offer?

Finveo supports trading on forex, commodities, cryptos, indices and equities, both spot and CFD, through MT4 and MT5. This includes an impressive list of 1,000+ US stocks.

Is Finveo Regulated?

Yes, Finveo is regulated by the Capital Market Authority of Montenegro, which is a member of the International Organisation of Securities Commissions. However, the CME is not a renowned, top-tier agency, so this review recommends that care be taken by all clients.

Accepted Countries

Finveo accepts traders from Australia, Thailand, Canada, 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.

Traders can not use Finveo from United States.

Payment Methods

Finveo Details

Minimum Trade 0.01 Lots
Regulated By CMA
Account Types
  • ECN
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Via Autochartist & Newsletter
Guaranteed Stop Loss No
Stock Exchanges
  • DAX GER 40 Index
  • Deutsche Boerse
  • FTSE UK Index
  • Nasdaq
  • New York Stock Exchange
  • Copper
  • Oil
  • Silver

CFD Trading Details

FTSE Spread Variable
GBPUSD Spread Variable
Oil Spread Variable
Stocks Spread Variable
Leverage 1:500

Forex Trading Details

GBPUSD Spread Variable
EURUSD Spread Variable
EURGBP Spread Variable
Assets 60

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP

Top 3 Alternatives to Finveo

Compare Finveo with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  3. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade

Finveo Comparison Table

Compare Finveo With Similar Brokers
Finveo IG Group World Forex Just2Trade
Rating 2.2 4.4 4 3.5
Markets Forex, Stocks, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $1 $100
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus 100% Deposit Bonus Up to $2,000 for professional accounts
Education No Yes No No
Platforms MT4, MT5, AutoChartist MT4, AutoChartist, TradingCentral MT4, MT5 MT4, MT5, TradingCentral
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:1000 1:20
Payment Methods 8 6 10 20
Visit Visit Visit Visit
Review IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by Finveo and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Finveo Trading Instruments
Finveo IG Group World Forex Just2Trade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold No Yes Yes Yes
Copper Yes Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes No Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Finveo vs Other Brokers

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Finveo is a CFD broker that offers trading on popular asset classes, including forex, shares and commodities. Spreads start from 0 pips while high leverage up to 1:500 is available, alongside the customizable MetaTrader 4 platform. Finveo is regulated in multiple jurisdictions, including Turkey and Mauritius.