After recently reaching the stunning $40,000-mark, Bitcoin continues to be one of the top assets in the world. On top of that, the enthusiasm built around BTC is spreading toward other leading altcoins, including Ether, Litecoin, Cardano, or Stellar. Volatility is elevated and as a result, crypto trading services are in high demand. Brands like Finetero cover cryptocurrencies, but do they offer the best conditions for traders? Let’s see what Finetero has to offer in terms of crypto trading and whether traders joining this platform can get what they want.
Company Overview
Launched in 2018, Finetero is a Bitcoin- and altcoin-based platform, also supporting other leading asset classes such as FX, stocks, indices, and commodities. With advanced technology, strong security measures, and transparency, it currently serves customers from all around the world, in more than 150 countries.
You can say that it has efficient trade execution, since, in 2019, 74.1% of clients’ market orders were executed at the requested quote – a figure above the industry average. The Finetero vision is built on continuous investment in R&D and an ongoing expansion of the products available to customers. Ultimately, it wants to provide a dynamic and innovative trading infrastructure, which can meet the demands of the current market conditions.
Trading Platforms
Since trading efficiency is such an important factor for Finetero, the brand currently relies on two main platforms. The first one is a WebTrader developed in-house, promising a user-friendly interface and with multiple resources built into it. This is an ideal platform when flexibility is needed. It can be accessed from the browser of any device, allowing traders to even trade on the go from their mobile devices.
The MetaTrader 4 can also be downloaded once traders open their account. It is a platform that continues to be a reliable choice for retail traders and a solution for trading at once’s desk. The Finetero MT4 comes with all the benefits of MetaQuotes software, including EAs, advanced charting, and trading tools.
Cryptocurrency Instruments
Asset diversity is key for the brand and it has already made sure it covers as many instruments as possible. Thanks to the cryptocurrency trading, available with Finetero, access to tokens like Bitcoin, Ether, EOS, Litecoin, Stellar, Cardano, Neo, Monero, as well as tens of others, is granted.
What’s even more important is that these cryptocurrencies can be traded against fiat currencies (USD, EUR, AUD) or other cryptos (BTC, ETH, or XMR). Spreads are different for each instrument and depend on liquidity and volatility at any given moment.
Trading conditions also depend on the account type chosen. Finetero currently offers Bronze, Silver, Gold, Platinum, and Premium accounts, accepting payments via methods like credit/debit card or wire transfer.
How Does Finetero Differentiate from Competitors?
When it comes down to cryptocurrencies, Finetero has a leading advantage over the competition thanks to its diverse asset coverage. On top of that, efficient trading execution, reliable platforms, transparency, security, and customer support, need to be mentioned as well. With multiple awards already received and an expansion-focused vision, the brand wants to keep serving customers, without making any concessions in terms of professionalism.
Pros
- Tens of crypto instruments
- Advanced trading software
- High-security level
Cons
- Not regulated
- Large deposit required for a Premium account
Summary
Increased volatility in the cryptocurrency market will very likely generate many short-term trading opportunities and the crypto trading offer assembled by Finetero is designed to put traders in a position that will enable them to take advantage of price movements. Since traders don’t need to hold the underlying instruments, it is possible to trade when prices move up and when they move down. Overall, this seems like a brand that wants to have a positive impact on the crypto trading community, by offering competitive services to a large audience.