FinMarket review examines a Cyprus-based forex and CFD broker offering access to global markets via the MetaTrader 4 platform and a proprietary web-based platform. FinMarket primarily targets EU clients, with a focus on regulatory compliance and straightforward trading conditions across a limited range of instruments.

Regulation and Safety

FinMarket is operated by K-DNA Financial Services Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 273/15. As a CySEC-regulated entity, FinMarket must:

• Maintain segregated client funds in Tier-1 banks
• Participate in the Investor Compensation Fund (ICF) up to €20,000
• Adhere to MiFID II compliance for EU operations
• Undergo annual audits and capital adequacy checks

Execution Model and Trading Platforms

FinMarket operates a Market Maker (MM) execution model, which means the broker acts as counterparty to client trades. While this may result in potential conflicts of interest, the firm ensures price transparency and reasonable execution speeds.

Available platforms include:

• MetaTrader 4 (MT4) – desktop, mobile, and web versions
• FinMarket WebTrader – browser-based proprietary platform

There is no FIX API or VPS hosting for algorithmic traders.

Markets and Instruments

FinMarket offers a moderate selection of CFD instruments:

• Forex – major, minor, and select exotic pairs
• Indices – US30, SPX500, DE30, FTSE100
• Commodities – gold, silver, oil
• Stocks – top US and EU equities
• Cryptocurrencies – BTC/USD, ETH/USD, LTC/USD

Total asset coverage is limited compared to top-tier brokers, focusing on liquid, popular instruments only.

Accounts, Spreads and Leverage

FinMarket offers three account types:

• Silver: Spreads from 2.5 pips, no commissions
• Gold: Spreads from 2.0 pips, access to account manager
• Platinum: Spreads from 1.5 pips, premium tools and analytics

Key conditions:

• Leverage: up to 1:30 for retail (CySEC cap), up to 1:400 for professionals
• Stop-out level: 50%
• Minimum deposit: €250
• Islamic account: not offered

Funding and Base Currencies

FinMarket supports deposits and withdrawals in EUR and USD. Supported methods include:

• Credit/debit cards (Visa, Mastercard)
• Bank wire transfers
• Skrill and Neteller

Processing times range from instant (for cards/e-wallets) to 3 business days for bank wires. Withdrawals require full KYC verification and may include small processing fees depending on the method.

Client Protections and Features

As an EU-licensed broker, FinMarket provides key client protections:

• Investor Compensation Fund (up to €20,000)
• Negative balance protection for retail accounts
• 2FA-enabled login on client portal
• Data encryption and GDPR-compliant storage

Audit reports and financial disclosures are required under CySEC rules, but not publicly listed on the website.

Institutional and Retail Offering

FinMarket focuses exclusively on retail traders within the EU. It does not offer institutional services such as:

• White-label or brokerage solutions
• Prime brokerage or FIX API
• MAM/PAMM accounts

Educational resources are basic, and there are no advanced analytics or professional-grade tools.

Pros and Cons

Pros

• CySEC-regulated and MiFID II-compliant
• MT4 and proprietary web platform available
• Negative balance protection for retail clients
• Simple account structure for beginner traders
• Access to crypto, forex, and global equities

Cons

• Market Maker model may involve conflict of interest
• Spreads are higher than ECN brokers
• No FIX API or institutional offering
• Limited educational and analytical tools
• High minimum deposit for entry-level traders

Frequently Asked Questions

Is FinMarket regulated?

Yes, FinMarket is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 273/15.

What trading platforms does FinMarket offer?

FinMarket offers MetaTrader 4 (MT4) and a proprietary web-based platform accessible via browser.

Does FinMarket allow crypto trading?

Yes, traders can access CFDs on popular cryptocurrencies such as BTC/USD, ETH/USD, and LTC/USD.

What is the minimum deposit to open an account?

The minimum deposit to open a Silver account is €250.

Is FinMarket suitable for professional traders?

FinMarket offers professional accounts with higher leverage, but lacks institutional tools like FIX API or MAM/PAMM accounts, making it more suitable for retail traders.