Overall Rating: ★★☆☆☆ (2.5/5.0)

FinMarket is a Cyprus-based forex and CFD broker offering trading in currencies, commodities, indices, stocks, and cryptocurrencies through the MetaTrader 4 platform and a proprietary web-based platform. Operated by K-DNA Financial Services Ltd, FinMarket is regulated by CySEC, which adds a layer of legitimacy and client protection. However, despite its regulation, the broker has received mixed feedback due to non-competitive trading conditions, high spreads, and limited educational resources. This FinMarket review takes an in-depth look at its offering, cost structure, and overall reliability.

Key Features

FinMarket provides access to a broad range of instruments with simple platform options for beginner to intermediate traders.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • FinMarket WebTrader – browser-based
• Markets Offered:
  • Forex, shares, indices, commodities, and cryptocurrencies
• Account Types:
  • Basic, Silver, Gold, and Platinum – each tier with varying spreads and support levels
• Leverage:
  • Up to 1:30 for retail clients under CySEC rules
• Deposit Methods:
  • Credit/debit cards, wire transfers, e-wallets (Skrill, Neteller)

Regulation and Security

FinMarket is one of the few brokers in this category with CySEC regulation, offering legal safeguards for EU clients.

• Regulated by CySEC – Licence No. 273/15
• Client Fund Segregation in EU banks
• Member of Investor Compensation Fund (ICF) – up to €20,000 coverage
• Negative Balance Protection available
• Strict KYC and AML compliance

Pricing and Costs

Despite being regulated, FinMarket’s spreads and fees are higher than industry standards, particularly for lower-tier account holders.

• Spreads:
  • EUR/USD typically starts from 2.5 pips on basic accounts
  • Spreads may reduce with higher-tier accounts
• Commission:
  • None – cost is built into the spread
• Minimum Deposit:
  • $250 for basic accounts
• Deposit & Withdrawal Fees:
  • No deposit fees, but withdrawal fees may apply depending on method
• Inactivity Fee:
  • Yes – applies after 60 days of inactivity

Educational Resources and Customer Support

FinMarket offers minimal educational content, with a strong focus on sales-driven account management.

• Education:
  • A few basic articles and platform guides
  • No structured courses, webinars, or trading strategies
• Market Analysis:
  • Limited economic calendar and brief market updates
• Customer Support:
  • 24/5 via live chat, phone, and email
  • Reports of pushy account managers upselling higher-tier accounts

Risk Management Tools

Standard risk controls are available through the platform, though advanced features are lacking.

• Tools Provided:
  • Stop-loss, take-profit, trailing stops
• Negative balance protection for retail clients
• No guaranteed stop-loss orders (GSLOs)
• No advanced risk dashboards or volatility analysis tools

Pros and Cons

Pros

• CySEC regulation with investor protection
• MT4 platform access
• Segregated client funds and negative balance protection
• Range of assets including crypto and stocks
• Multiple account types

Cons

• High spreads on basic accounts
• Limited educational content
• Aggressive sales tactics reported
• No MT5 or cTrader platform
• Inactivity and withdrawal fees

Conclusion: Is FinMarket the Right Choice?

FinMarket is a mixed bag. It benefits from CySEC regulation, which adds legitimacy and protection for EU traders, and offers a variety of instruments through MT4 and WebTrader. However, its high spreads, limited trading tools, and lack of advanced education make it less competitive compared to leading brokers.

If regulation and fund safety are your top priorities, FinMarket is a reasonable choice. But if you’re after tight spreads, advanced tools, and better education, consider regulated alternatives like IC Markets, Pepperstone, or Admirals.