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Company Overview

A Detailed Finaguide Broker Review 2022

Finaguide broker overview

Finaguide is a newly-established online broker offering a wide range of tradable assets, including currencies, stocks, indices, commodities, and spot precious metals. Finaguide also offers digital currency pairs for trading. The company is headquartered in Level 19, Two International Finance Centre, 8 Finance Street, Hong Kong, and its leverage range is up to 1:400. Compared to other brokers, the leverage offered by Finaguide is relatively high. The minimum deposit required at Finaguide to open an account is $2,500. In addition, the broker provides a proprietary web trader for desktop and mobile, with customer support available 24/7. Finaguide does not currently offer a demo account.

Finaguide, founded in 2022, is gaining popularity due to its attractive trading features and wide range of tradable assets. The broker is not currently regulated, but they're operating with an offline license in Hong Kong.

Finaguide offers its robust proprietary web trader for desktop and mobile. The web-based platform is user-friendly and provides a wide range of features, including advanced charting tools, multiple order types, and various built-in indicators. However, Finaguide doesn't offer the support of MT4 or MT5 platforms. In addition, they also have a dedicated mobile application for Android and iOS, which can be downloaded from Google Play Store and App Store, respectively. The Finaguide applications offer all the advanced features available on the web trader platform and are pretty user-friendly.

Finaguide provides customer support 24/7 through live chat, phone, and email. In addition, the Finaguide broker's website is available in English and French. Finaguide doesn't charge anything for deposits, and they've not mentioned anything about withdrawal fees.

Finaguide safety information

As mentioned, Finaguide broker has yet to receive any form of regulation from any regulatory body. However, the Finaguide company is registered and licensed offline in Hong Kong. In addition, Finaguide has taken all the essential steps to ensure the safety and security of its client's funds. The broker uses the latest 128-bit SSL encryption technology to protect their clients' confidential data. Thus, all the data stored on the Finaguide website is safe and secure.

Moreover, Finaguide has implemented AML (anti-money laundering) and KYC (know your customer) policies to prevent financial crime. The broker also has a risk management policy to protect their clients from any kind of financial loss. Finaguide is a safe and secure online broker offering a wide range of tradable assets and features. With AML, the broker ensures that only legitimate and legal activities are taking place on their platform.

In addition, with KYC, Finaguide ensures that all its clients are legitimate and that they are not using the broker's platform for any illegal activities. KYC also allows Finaguide to verify the identity of their clients and make sure that they are who they say they are. Moreover, Finaguide has also implemented 2FA, in which a client must enter a one-time code to log in to their account. This 2FA adds an extra layer of security to the client's account and prevents unauthorized access.

Finaguide fees details

Finaguide offers six trading accounts, and the minimum deposit required to open an account is $2,500. The fee varies depending on the account type, and you need to contact their customer support for more information. According to their website, Finaguide has mentioned that they don't charge anything on the deposits you make regardless of the account type.

Moreover, when it comes to withdrawal, Finaguide has mentioned they don't charge anything extra to its clients. However, you need to contact Finaguide customer support to get the withdrawal fee structure for your account type, as it might vary depending on the account type and other conditions.

Finaguide offers variable spreads in which the spreads vary according to the market conditions. However, Finaguide has not mentioned the spread details they provide.

Spreads fee at Finaguide broker

In trading, spreads are defined as the difference between the bid and ask prices of a currency pair. Spreads are usually measured in pips, which is the smallest unit of price movement in the market. At Finaguide, the spreads are of variable type, and the average spread details are not mentioned on their website. However, you can contact Finaguide customer support to know about the spread structure, as it's essential to consider the spread fees while choosing a broker.

When the spreads are variable, they widen during high market volatility and news releases. The spreads offered by Finaguide are floating, which means they can change frequently. In general, the variable spreads are higher than the fixed ones.

​​Swap fees at Finaguide

Traders must pay a swap fee when they keep their positions open overnight. Swap charges are calculated based on the Tom Next rate and charged every night at 10 pm GMT. Finaguide charges swap fees like other brokers, but they've not mentioned anything about the rate on their website.

Moreover, if you're a Muslim trader, they also offer a swap-free Islamic account. So, you don't have to pay overnight charges at Finaguide for your positions.

Deposit and withdrawal options at Finaguide

Finaguide is getting famous due to its flexible deposit and withdrawal options. The broker allows its clients to deposit funds through credit/debit cards, bank wire transfers, and e-wallets like Skrill, Neteller, and UnionPay. The minimum deposit required to open an account with Finaguide is $2,500. However, there is no information available about withdrawal fees.

When it comes to withdrawal, the broker allows its clients to withdraw funds through credit/debit cards, bank wire transfers, and e-wallets like Skrill, Neteller, and UnionPay. The withdrawal process is quite simple. The broker doesn't charge anything for deposits, and they've not mentioned withdrawal fees. To know about the exact withdrawal fee structure at Finaguide, you need to contact their customer support. Withdrawals at Finaguide are processed within 24 hours once you place the request. Depending on your bank, the time taken for the funds to reflect in your account may vary. Usually, it takes around 1-4 business days to get the amount credited to your account from Finaguide.

Both the deposit and withdrawal at Finaguide are protected with 256-bit SSL encryption. This security advancement at Finaguide protects the client's personal and financial information from any potential cyber threats. In addition, Finaguide has implemented the modern security protocol known as Two-Factor Authentication (2FA) to further enhance the security of its client's accounts.

As Finaguide has implemented KYC and AML policies strictly, you need to submit the following documents for account verification:

● A government-issued photo ID (Passport, National ID card, or Driver's license)

● Proof of address (Utility bill or Bank statement no more than three months old)

● Selfie with your government-issued photo ID

Once the documents are approved, you can withdraw your funds without hassle. Overall, the deposit and withdrawal process at Finaguide is quite simple and convenient.

Tradable markets at Finaguide

Finaguide is a multi-asset broker that offers a wide range of tradable markets. From forex to digital assets, there's a lot to explore at Finaguide. So let's take a look at all the tradable markets available at this broker:

Forex

At Finaguide, you can trade various currency pairs, including major, minor, and exotic pairs. In addition, Finaguide offers leverage of 1:400 on forex trading. Some popular currency pairs available for trading at Finaguide are EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

Stocks

You can trade stocks of major companies from the US, Europe, and Asia at Finaguide. Some popular stocks available for trading include Apple, Facebook, Microsoft, Tesla, Amazon, and Google.

Indices

You can also trade various indices at Finaguide, including major US, European, and Asian indices. Some popular indices available for trading are Dow Jones Industrial Average (DJIA), S&P 500 Index, Nasdaq Composite Index, Nikkei 225 Index, and Hang Seng Index.

Commodities

Finaguide also offers commodities for trading, including precious metals (gold and silver), energy (oil and gas), and agricultural products (coffee, corn, and wheat). Moreover, you can also trade spot metals (copper, palladium, and platinum) at Finaguide.

Precious Metals

You can trade spot precious metals, including gold and silver, at Finaguide. The broker offers leverage of up to 1:400 on precious metal trading. Moreover, you can also trade CFDs for precious metals. With CFD on metals, you can trade metals without actually owning them.

Digital Currencies

Finaguide also offers digital currencies for trading. You can trade a variety of digital currency pairs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash (BCH/USD), and Ripple (XRP/USD). The broker offers leverage of 1:400 on digital currency trading. Additionally, you can also trade CFDs for digital currencies at Finaguide.

Leverage details at Finaguide

Finaguide offers maximum leverage of 1:400, which is relatively high compared to other online brokers. The minimum deposit required to open an account with Finaguide is $2,500. With this leverage at Finaguide, if you have $200 in your account, you can trade up to $80,000. Trading with high leverage is risky as it magnifies both profits and losses.

Finaguide trading platform

Finaguide offers its robust proprietary web trader for desktop and mobile. The web-based platform is user-friendly and provides a wide range of features, including advanced charting tools, multiple order types, and various built-in indicators.

However, Finaguide doesn't offer the support of MT4 or MT5 platforms. In addition, they also have a dedicated mobile application for Android and iOS, which can be downloaded from Google Play Store and App Store, respectively. The Finaguide applications offer all the advanced features available on the web trader platform and are pretty user-friendly. Let's look at all trading platforms available at Finaguide:

Trading Terminal

The desktop trading terminal of Finaguide is easy to download and install on Windows-based PCs. It offers all the features available on the web trader platform and some additional features, such as one-click trading, hedging, and custom indicators. In addition, the Finaguide trading terminal offers a wide range of advanced features like advanced charting, multiple order types, and various built-in indicators. The trading terminal of Finaguide is stable, fast, and user-friendly.

Compared to other brokers, the trading terminal of Finaguide is quite good. The main advantage of the desktop trading terminal is that it offers more features and is more stable than the web trader platform.

Web Trader

The Finaguide web trader is available in both English and French. It is a web-based platform, so you don't have to download or install any software. The web trader is user-friendly and offers all the features available on the desktop trading terminal. In addition, the web trader also offers some unique features like social trading and signals.

The web trader of Finaguide is handy and can be accessed from anywhere. It is also mobile-friendly, so you can trade on the go. Overall, the web trader of Finaguide is good, but it lags behind the desktop trading terminal in terms of features and stability.

Mobile Trader

Finaguide has developed dedicated mobile applications for both Android and iOS devices. The mobile applications are free on Google Play Store and App Store, respectively. The mobile applications offer all the features available on the web trader platform. In addition, mobile applications are easy to use and quite user-friendly.

The best part about Finaguide mobile trading apps is that they offer social trading and signals. So, if you're on the go, you can still copy the trades of other successful traders. Overall, the mobile trading applications of Finaguide are pretty good and offer a great mobile trading experience.

Available accounts on Finaguide

Finaguide offers six account types; thus, whether you're a beginner or a pro trader, you can find an account type that suits your trading needs and style. First, let's look at all accounts offered by Finaguide:

Beginner

This account is ideal for beginners who want a good understanding of the market. The minimum deposit required to open this account is $2,500. You get leverage of up to 1:400 and access to educational resources and tools. In addition, this Finaguide account comes with a daily market analysis report. Moreover, traders get access to trading instruments, a one-click trading option, and mobile trading, and no extra fees are charged on transactions. The base currencies for this Finaguide account type are EUR and USD.

Standard