Top Reasons Why Fineco Is A Trusted CFD Forex Broker
CFD Forex, or Contracts For Difference in the foreign currency markets, is an increasingly popular option. This is because there has been an increase in the number of scammers raising the profile of this type of trading.
While it is possible to successfully trade currencies and generate profits, there are many brokers simply more interested in taking your money. These are the ones making a lot of noise to attract your attention. You then invest via their platform and find yourself losing money on trades and facing charges for your account. In short, you’ll be worse off.
That’s why it’s essential to find a reputable CFD forex broker, such as Fineco.
Well Established
Fineco is a relative newcomer to the UK. But, it has been offering its services for over 20 years. It’s not just a specialist in CFD forex, it’s also one of the largest banks in Europe and is listed on the Euro Stoxx 600. The bank has over £88.2 billion in financial assets.
In short, this is not a business set up to make a quick buck or scam you out of your money. It’s been around for years and will be for many more.
Good Reputation
Fineco has over 1.4 million customers in Italy alone. It offers all the regular banking services and investment opportunities. If you check reviews, social media, and online forums, you’ll find plenty of positive reviews, confirming they are a good choice.
Transparency
Fineco has a simple policy, they offer transparency in all transactions. It doesn’t matter if you’re banking with them or trading through them, you’ll know what each transaction will cost you before you trade. That allows you to focus on the trading.
Helps With Risk
All types of trading involve risk. CFDs are particularly risky as you are simply deciding which way the market is moving and you could be wrong. Fineco can’t make your trade decisions for you. But, they do offer a wide selection of cross-currency pairs to help you take advantage of market movements.
They also allow you to place automatic orders for buying and selling, allowing you to minimize your risk.
Ease Of Access
It’s easy to access a trading account with Fineco. You can be online in minutes starting your first trade. They offer detailed guides to help you get started and allow you to understand how the trades work.
Alongside this they offer an app, allowing you to monitor the market at all times and make the best trades.
They Are Regulated
One of the best ways of confirming a broker is genuine is to see if they are authorised and regulated. Being so means they must adhere to fair practices and can’t scam you out of your money.
Fineco is authorised and regulated by the Bank of Italy. That makes them a safe option. Of course, as Italy is part of Europe and the UK isn’t, you should verify the level of consumer protection offered before you start trading.
