Finaguide Review – Are They Safe or a Scam?
Our Finaguide Review 2023
Our Finaguide review was seriously impressed with what we found at this online trading platform. Keep reading this guide to see why Finaguide is a great option for your forex and crypto trades.
So what is Finaguide? Well, it’s an online broker that lets you trade over 1,200 assets. These include many forex currencies and an impressive amount of cryptocurrencies. All of which should give you an easy way to trade online. But is Finaguide safe? Good question and one that we’ll answer in our Finaguide review below!
Never experienced online trading before? Then you have nothing to worry about at Finaguide. This online broker makes it supremely easy to set up your account and start trading in a matter of hours.
All you have to do is to click on the Start Trading button and then fill in the registration form. This means giving Finaguide some personal info like your name, address, email, phone number, and you’ll also need to select your base currency for trading.
While there was no welcome offer on when we carried out this review, there is a space in the registration form for filling in any relevant promo codes. Next it’s simply a matter of completing the KYC process. This merely means providing some personal identification such as a driving license or a passport. Once this is done, you’ll find that Finaguide will verify your account and then you can make an opening deposit of at least $2,500 and start trading. Simple!
Finaguide has a website that is seriously stylish with a dark and inviting color scheme of blacks, purples, pinks and orange. What’s best is the fact that this website is fairly straightforward to navigate around with intuitive ways to do things like login, contact customer support and make your deposits and withdrawals.
We’ll talk about the trading platforms below, but these proved to be supremely fast and they operated in a glitch-free manner. Above all, the main impression that we got here was that Finaguide is a professionally run operation who is keen to put on a user-friendly and intuitive online trading service.
This is something that is extended to the mobile trading options. Here you can download iOS and Android Finaguide apps to your smartphone or tablet and enjoy all of the many different trades from the convenience of a small screen.
We found no less than six different kinds of trading accounts at Finaguide. Here’s a brief overview of what’s available.
Beginner: The entry-level account which gives you standard access to the market with one-click trading options as well as mobile trading. Here you’ll just have EUR and USD as the base currencies and you can get started with a $2,500 minimum deposit.
Standard: This is the next level where you’ll receive an increased level of specialization alongside access to an Islamic-style of swap-free trading. Bear in mind that the minimum deposit for a Standard account is $5,000.
Intermediate: Featuring a greater range of analytics and trading resources, the Intermediate account can be unlocked with a $25,000 minimum deposit.
Advanced: A good option for traders looking for expert trading opportunities and all of the required resources such as key market SMS and push alerts. It’s yours with a deposit of $50,000 or more.
Integral: One for experienced and professional traders where you get private account management and full access to all of the trading instruments. Bear in mind that you must deposit at least $100,000 to get the Integral account.
VIP: You need a hefty $250,000 deposit to unlock the VIP account but this will give you custom access to exclusive trading instruments alongside private account management and invites to exclusive VIP events.
You get the choice of two main trading terminals when you sign up to Finaguide. There’s the option to download the Finaguide trading software to your computer or you can simply use the WebTrader from your browser window. We should mention here that there are some great Finaguide apps that you can download to your iOS or Android mobile device.
We carried out the bulk of this review on the WebTrader software and found that it worked just fine. It’s easy enough to use for even rookies, but it has enough advanced trading features and charting tools for those who need them.
What really impressed us was the speed of trade execution and it was remarkably easy to switch between markets for forex, cryptos and so on. Obviously, you’ll get full access to all of the relevant charts to plot the price movements of your relevant assets, and there is a wealth of analytics available to help you make sense of the data.
You should know that Finaguide features three kinds of base currencies for online trading – US dollars, euros and British pounds. Finaguide features a relatively high minimum opening deposit of $2,500 but you are free to do this with trusted payment providers such as all of the regular cards as well as bank transfers. Bear in mind that deposits may take over one working day to show up in your account.
It’s a pretty similar picture for making withdrawals from Finaguide. The one thing to note here is that you have to withdraw from a minimum of $50 at a time when using a wire transfer. Thankfully we found that our withdrawals went through relatively quickly and we weren’t hit with any withdrawal fees.
Fees – Competitive fees found in our Finaguide review
Finaguide is nicely transparent about all of the fees that it charges. To be honest, the brand has done away with many of the fees and charges that you get at other online trading platforms. This means that you can do things like trade without commission fees and make deposits and withdrawals without any charges. One fee to be aware of is the one where you get charged if you leave your account inactive for over one year, so keep that in mind!
You get a warm welcome from the customer service team at Finaguide as soon as you load up the online trading site. This invites you to use the handy live chat service so you hit the ground running with your online trades. We couldn’t tell whether the live chat support was available 24/7, but it seemed to be operational no matter what time of day or night we used it.
Beyond this live chat you can also contact Finaguide via an email support form or by telephone. There is also the option to use the social media channels on Facebook and Instagram. While there is a FAQ section, it could do with some fleshing out on some of the answers, but it’s still worth a closer look.
While Finaguide has put together a sleek and effective site, there are a few extra features which may be of interest. These include things like a shortlist of all of the trading hours, a handy economic calendar and even a resource showing you the relevant contract expiry dates. All of which should help keep your online trading a little more organized.
Finaguide has done a solid job of giving you a safe and easy way to enter the world of forex and crypto trading. The overall feel of the site is legit and the WebTrader platform is reassuringly easy to use. Plus there’s enough scope here for even experienced traders to feel welcome thanks to the extensive variety of account packages. While the minimum deposit is high, we think that Finaguide is still worth a closer look. So sign up to Finaguide and see what kinds of trades you can make here!