Finaguide Review 2024

Whether you’re new to the online trading industry, or a seasoned expert looking for your next exciting platform, Finaguide has a wide range of accounts to suit all tastes. And the great news is, you can open an account and start trading on the very same day.

As we noted in our FXRevenues review, a lot of online trading platforms will let you open an account and start your trading almost immediately. And we’re pleased to say that Finaguide also falls into the category. And we were able to start trading on the same day that we applied for an account.

There is no welcome offer to be found at present, but if you look at the registration form, you’ll see that there is a box where you can fill in a bonus code. So it seems that Finaguide does occasionally give out promos and, of course, here at TradersBest, we’ll keep you in the know as soon as the next bonus code becomes available.

Open an account and trade on the same day

Our Finaguide review found that opening a new account is easy. Simply head to the ‘Start Trading’ button in the top right-hand corner of the screen and fill in some personal information. You’ll also be asked to submit some documents for the KYC procedure, such as a photo ID and proof of address. While KYC can seem like a bit of a pain in the neck, as we saw in our Maxiwyse review, know-your-customer procedures are there to give you the safest experience possible. And it’s great to see straight off the bat that Finaguide complies with legal obligations to keep its customers safe.

Finally, we found that while making our Finaguide review, our account was verified within the same day that we applied. So this broker has a fast turnaround that will let you begin your trading adventure almost immediately.

One thing that makes this platform stand out from its competitors is how sleek and easy it is to use. With a black, pink and purple colour scheme, Finaguide looks very chic and professional when you open it. But what lies behind this slick and sophisticated website is tons of fantastic information and a very user-friendly interface.

You can jump to various sections of the website, where you’ll find lots of information about the different types of accounts you can open, as well as what you can trade and additional add-ons that will help you get the most out of your experience. There’s also a decent FAQ page and guidance on how to contact the team at Finaguide, should you need any assistance.

As we discovered in our Kaarat review, offering different accounts to choose from is the mark of an excellent trading platform provider. And with five different accounts, plus an extra special VIP account package, Finaguide offers a huge amount of choice when it comes to selecting the right account for you.

If you’re new to the world of online trading, we recommend that you start with the Beginner package. You’ll need a minimum deposit of $/€2,500 to get started, after which you’ll have access to many of Finaguide’s assets and tools. This is quite a large initial deposit amount when compared to some other platforms on the market, but this is offset by the sheer volume of tools and resources offered by Finaguide.

Moving up through the accounts, as you would expect, you get access to even more resources, tools and markets the higher you go. And this also comes with more financial responsibility. For example, jumping from Beginner to Standard means you will have to dish out an extra $/€2,500 to begin with, as the Standard account’s initial deposit is set at $/€5,000. So this is something to take into consideration.

As you become more experienced in the trading industry, you can switch up your account and aim for the much-coveted VIP package. However, here you will need a whopping $/€250,000 just to unlock this level. But the exclusive trading instruments, tools and insights at your disposal at this level are completely unparalleled.

Finaguide offers you many different ways to use their platform. You can opt for the Trading Terminal, whereby you download Finaguide’s software to your device. Or you can use the Web Terminal over the internet, with no download required. Just bear in mind that the Web Terminal has slightly less features than if you download the Trading Terminal. And you can also download an app for either Android or iPhone systems directly from the website. So all in all, Finaguide gives you a great selection of options so that you can choose the best solution for you.

As we’ve seen, getting started with Finaguide is not the cheapest option out there. Even with their most basic Beginner account, you will need to front $/€2,500 in order to start trading.

This is a lot higher than many other brokers we’ve seen, as noted in our Stockoza review. But that is not to say that you are being scammed. In fact, far from it. Finaguide is offering you a huge international market, thousands of assets to trade on and a wealth of expert advice, guidance and clever tools to help you on your way.

Therefore, this is something that will require some thought. Do you opt for a cheaper platform with less tools, or go all in and start your trading adventure right with a slick and sophisticated website that offers you tons of extra features? We’ll leave that with you to consider.

When it comes to funding your account, you can use all major credit and debit cards, as well as bank transfers and some e-wallets, including Neteller and Skrill.

0% commission when you trade with Finaguide

Although you need a rather high initial deposit, the great thing about Finaguide is that the overall cost to use their service is very low. Finaguide does not charge for deposits and withdrawals, so you can enjoy 0% commissions when you trade with this platform. Instead, every time you trade using the platform, Finaguide will add in a small fee into the overall price. And when compared to their competitors, these fees are relatively low.

That said, our Finaguide review found that there is a charge for inactivity on your account. So we recommend having a look at the T&Cs, if you think you may not use your account for extended periods of time.

Guessing the help you need is imperative to your user experience. As we saw in our Greendax review, great customer service is paramount when considering a new broker. And Finaguide comes up trumps in this category.

You can find both an email and telephone number on the website, along with a web form and live chat feature. The live chat icon is ever-present in the bottom left-hand corner of the screen, and you can get assistance with any query you may have during office hours. And if an operator is not available when you send your message, you can be sure that a trained and professional member of staff will get back to you as soon as the office reopens.

Finaguide Ltd is headquartered and licensed in Hong Kong. That means that it complies with local and international trading laws, and welcomes customers from all corners of the globe. There is a list of excluded countries, including the USA, but the list is very small. Therefore, most international traders can enjoy everything that Finaguide has to offer.

Along with being licensed and regulated in Hong Kong, Finaguide runs a tight ship when it comes to its legal obligations. They have thorough KYC and anti-money laundering protocols, which keeps everything above board. Furthermore, Finaguide uses state-of-the-art encryption software on all of its transactions, so that your personal and financial details are always kept safe online.

Our Finaguide review found tons of fantastic extras for you to enjoy with this online broker. Whether you opt for the Trading Terminal or Web Terminal, you can enjoy a wealth of tools to help you secure the best deals.

You can find trading active hours and contract expiry dates, as well as analytical and educational tools. Even with their most basic Beginner account, you will also receive daily market analysis and insights. And if you have one of the higher-tier accounts, you can also take advantage of key market SMS and push alerts, exclusive market updates and financial markets coverage.

This sheer volume of benefits at Finaguide is clear and each one will help you as you progress on your trading adventure.