Finetero.com Review

4.524 • 9 REVIEWS
Out of business FINPLEX GROUP LTD
Updated: Dec 11, 2022
Finetero is a forex broker. Finetero offers the MT4, WebTrader and Mobile forex trading top platform. Finetero.com offers over 45 forex currency pairs, cfds, commodities, stocks, indices, gold, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Website is down. Company seems to be out of business.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $200
Established: 2018
Address: Elscot House, Arcadia Avenue, London, N3 2JU, United Kingdom
Contact: support@finetero.com, +442038076849
Regional offices:
Regulators:
Prohibited countries:
Trading platforms: MT4, WebTrader, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (45+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (90+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
ZuluTrade: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Neteller, Other Crypto Currencies, PayPal, Tether (USDT)
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Neteller, Other Crypto Currencies, PayPal, Tether (USDT)
* Please check broker website for more information
4.524 • 9 REVIEWS

Recent User Reviews of Finetero.com

X
Xavier Pépin
Paris, France,
May 28, 2021,
Guest

Service use: Live Length of use: 0-3 Months
The first month I was losing money on the market and tended to suspect the broker in being guilty. Nevertheless, the recent month with it's incredible volatillity has boosted the performance of my strategies and now I see that it's all true that measuring trading performance needs to be done on a longer period. Few weeks is not enough to make final conclusions. I think half a year statistics would be a better ground for final conclusions.
Normal broker. Nice leverage for cryptos, good fees, awesome support! I can recommend it to fellow traders no doubt.
J
Joel Johnston
Birmingham, United Kingdom,
May 13, 2021,
Guest

the first try turned out to be successful

Service use: Live Length of use: 0-3 Months
I can't say I've worked long enough and tried all the services that the brokerage offers, yet what I tried has all satisfied my demands. And I can note here that I'm quite a demanding customer.
There are not that many benefits like "free money" in the form of bonuses that some brokers promote, however, the work of customer support was really professionaland the executions were exactly as fast and accurate as it is promised at the official website. I can recommend the broker.
M
Mike Crooks
Brisbane, Australia,
May 10, 2021,
Guest

Not an ordinary one

Service use: Live Length of use: 0-3 Months
The issue is that not all brokers are same. If they were, only top 3 brokers would have got customers. Finetero will suit scalpers and algotraders in my opinion. I can totally recommend it in case you are trading in this style. Nice leverage is one but not the only pro of this broker.
G
Gregor Hallas
Portaria, Greece,
May 3, 2021,
Guest

When executions matter above all

Service use: Live Length of use: 0-3 Months
As a quant trader I've been working long enough on the strategies that required specific trading conditions to yield profits. Even though backtest results were showing excellently smooth rquity curves, when I started trying the same strategies on live accounts with different brokers - none of them could ensure the decent enough quality of trading to make it worth running the strategies on a live account.
Finetero was not in the top of brokerage rankings, so I hesitated a little when it was advised to me by fellow traders. Nevertheless, the experience says that the review of a colleague is worth more than all the brokerage rankings worldwide.
With this broker my stratagy runs smooth for the first time on a live account. It's been working nearly three months already and I can clearly see that slippages and wrong executions no longer affect the effectiveness of my trading. Backtests still show a slightly better result as they are based on the fact that limit orders get eecuted as if they were market ones. But still, for the first time in my life I feel obliged to write a brokerage review. Thank you guys! You do a great job!
H
Harry Walsh
Hayes, United Kingdom,
Apr 23, 2021,
Guest

Service use: Live Length of use: 3-6 Months
It seems the company is doing not that bad. I didn't really expect the fantastic timing on the executions to be true but I've run some algos already and they really are! I have to not though that I've been using VPS server for this purpose that has got some really nice internet connection and no technical issues could happen on my side eaither. I now many traders do this mistake - expect the broker to have no latency but forget about the latency their internet provider can give.
A
Aroldo Bianchi
Florence, Italy,
Apr 9, 2021,
Guest

Scalping opportunities for crypto assets

Service use: Live Length of use: 0-3 Months
This is exacly how I perceive this broker. The combination of nice leverage on crypto assets along with excellent executions gives the opportunitiy to take advantage of scalping techniques on crypto market, which was not really possible with other brokers from what I know.
I've not been trading long here but in 3 weeks that I used the service no troubles were detected so now I feel more or less safe to recommned the company to fellow traders.
R
Robert Koenig
Bonn, Germany,
Mar 25, 2021,
Guest

Service use: Live Length of use: 3-6 Months
I don't really know about the speed of executions (the company promises 7ms on average) but what I definitely can make use of is the Bitcoin leverage.
I used to trade cryptos with no leverage, then I switched to the company that offered 1:5 for BTCUSD. What I have at Finetero is 1:100 and there is more variety in what you can trade here. Its not just a Bictoin but there are other cryptos as well. The feel is totally different and the efforts pay back much faster and better with increased leverage. That's what I liked most with the broker.
S
Silvio Trentini
Cirimido, Italy,
Mar 21, 2021,
Guest

Unusual broker

Service use: Live Length of use: 0-3 Months
I started considering this broker for cryptotrading because of tghe leverage. Soon I found out that it suits algorithmic trading and at the moment this is my goal #1 to automate what I currently have to do manually.
I can't say that this broker will suit everyone as the features are quite specific. Yet, definitely its worth considering if you:
a) trade cryptos
b) need leverage for that
c) want to automate your trading
D
Deangelo Tromp
Sydney, Australia,
Mar 19, 2021,
Guest

Bitcoin gets leveraged

Service use: Live Length of use: 3-6 Months
The broker is suitable for traditional forex trading, yet I found the leveraged crypto trading to be the mostg appealing feature of the platform.
Normally brokers don't offer over 1:2 or 1:10 leverage for BTCUSD. 1:100 here sounded like an opportunity not to be missed.
So what's I've found to be improved here:
- the customer support. No live chat available, so you've got to reach them out by e-mail.
- there are some crypto assets available, but I wish there was more variety
The good points are:
- leverage for cryptos
- very nice execution speed which allows running scalping algos
Overall I'm rather pleased with the opportunities that get opened here. Someone might find it interesting to take advantage of them too.