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trader

November 16, 2009

what broker it is finotec ecn,stp,mm ?who can give more information?sound good about spread and the website is ok


BrokerGuru

December 10, 2009

Finotec is a market maker.
I wouldn't say that their spreads are the most competitive.
As low as 5 pips on Mini and 3 pips on a standard account for EURUSD is quite a lot.

trader

May 16, 2011

Tried two days for a live chat...never got a response...very frustrated. Are they still in business. Tried to open a demo account, but can't select USA as a country. I guess they don't accept US residents as clients. Don't see any ECN account infomation. BG, your site says that Finotec accepts US residents as clients! Could you find out? Maybe update your site about Finotec.

BrokerGuru

May 17, 2011

I got, but mine isn't much different if to consider results...
Below is the script:

Please wait for a site operator to respond.

Chat InformationAll operators are currently assisting others. Thanks for your patience. An operator will be with you shortly.

Chat InformationAll operators are currently assisting others. Thanks for your patience. An operator will be with you shortly.

Chat InformationYou are now chatting with 'Linda '

B: Hello, on your site I see Finotec Trading UK, have you permanently moved from US?

Linda : hello

Linda : this is undetermined right now

B: but, you no longer accept US clients, right?

B: since there is no option in account opening form...

B: are you there, Linda?

Linda : Thank you for waiting. I'll be with you in just a moment.

B: ok

Linda : I'm sorry for the delay. I'll be right with you.

Linda : I will be right with you.

Linda : I will be right with you.

B: 10 minutes, still waiting...

Linda : I'm sorry for the delay. I'll be right with you.

B: That's a real shame.. you or your robot just repeats one message over an over.

B: I didn't expect such support from your company...

Linda : Thank you for waiting. I'll be with you in just a moment.

B: It's clear I'm talking to a robot, bye.

BrokerGuru

May 17, 2011

I'd assume, US clients are no longer accepted.

Their New York based entity, Finotec Group Inc., has received the following description on the site, quote:
"Finotec Group Inc. is a holding company with no activities other than holding two fully owned companies: Finotec Trading Inc. (Market Trading and Facilitation) and ForexCash Global Trading Ltd. (Financial Technology Development.)"

So, I'm going to list Finotec as UK based now and with no US clients accepted.

A brief mentioning of an ECN MT4 via Currenex can be found here:
http://www.finotec.com/platform/currenex.php
to my knowledge they required £2000 deposit with commission from $25 per million to $15 per million depending on the volume.



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