Finotrade – what we know and have as facts about it; This is a trade name of Finotec Trading UK Limited, authorized and regulated by the Financial Conduct Authority (FCA) under register number 470392. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Terms of Business document that the company acts as an agent on behalf of clients and as a matched principal with clients, and the prices quoted by the company are those that are received from banks, liquidity providers, and electronic exchanges. This means it uses the Straight Through Processing (STP) model to execute orders. STP brokers usually gain from the spread and traded volume regardless of whether customers win or lose. The STP model assumes that there is no conflict of interest between the client and the intermediary company.
So far, we have not received any complaints from customers of Finotrade. If you have any criticism to share with us or feel annoyed by Finotrade, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Finotrade if you wish.