Finexo Review 2024 Ratings From Experienced Traders

While trading I come across certain issues like the best alternatives of order types that can help me to lock my profits and save from losing the amount. Finexo answered to all my queries with the wide range of order types that they offered to me during trading. Other than the general order type of limit-order, stop-if-bid, and stop-if-offer, they offer advanced order types of One-cancels-other, If-done, trailing stop, and tom-next. I have learned about various orders at Finexo and they have enabled me to attain hold accurate trade positions for accurate time to pull out profits in the appropriate amounts.

  1. Like many other forex brokers, Finexo offers better conditions to those that can afford their better accounts.
  2. Platinum and Exclusive account holders will also have access to premium customer support.
  3. On the downside, the broker’s website actually blocks some users from registering a demo account based on their IP address.
  4. Card withdrawals would likely take a few business days to be received at the least.
  5. Compare Finexo with the top 3 similar brokers that accept traders from your location.

Sadly, it seems as though there is no way for residents of the USA, Canada, and Japan to bypass the restrictions. Deposits made through wire transfer would likely incur charges on the bank’s behalf. The broker’s website does provide a brief overview of spreads; however, Finexo only provides one set of detailed spreads, which seem to fit the advertised options for their Micro account. This makes it possible for us to compare the spreads on that account type, but we can’t take a closer look at any of the accounts with better spreads. Conversion fees of 0.5% apply when your account currency is different than the quoted currency of the asset being traded. Once an account reaches 90 days of inactivity, the broker begins charging a $25 monthly fee until trading resumes or the account’s balance is completely depleted.

An account verification email will be sent to the registered email address. Once the account is verified, a trader can log into the account and start trading. FINEXO does not open accounts to residents of certain jurisdictions including Japan, Canada, and the USA. Finexo’s registered office is based at 148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus.

Spreads & Fees

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s finexo review custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.


Finexo offers a demo account where users can practice trading in real-market conditions. Once you’re confident with your strategy and comfortable with the platform and trading conditions, you can then open a live account. FINEXO can be summarized as a trustworthy broker that is fully regulated by top tier regulator with a trust score of 60 out of 100.

We sometimes see welcome bonuses or deposit bonuses available through other brokers, which serve as an incentive for beginners to open a trading account. More established brokers will sometimes offer contests, occasionally even demo contests that reward traders with real cash. A Forex broker like FINEXO provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.

Mobile App

Account-holders will not have to pay and type of commission fees and the broker offers tighter spreads to those that can afford to open a more expensive account type. Competitive offers are reserved for Platinum and Exclusive accounts. Aside from the Micro account, all of the live accounts come with an account manager. Platinum and Exclusive account holders will also have access to premium customer support. If you’re interested in opening an account, you’ll want to take a look at all of the provided details below.

Taking a closer look at the Micro account, we see a default spread of 3 pips on the benchmark pair EURUSD. Options on several minors are at 4 pips and options can be outrageous on exotics. The default spread is actually 30,000 pips EUR/RUB, 10,000 pips on USD/RUB, and 150 pips on a few other exotics. Of course, those examples are on the extreme side, but the high spreads do make it best to avoid those instruments altogether.

Based on our experience, traders shouldn’t expect to be able to connect with a support agent instantly 100% of the time during business hours. Traders will be able to withdraw funds using any of the available deposit methods, with withdrawals likely being processed back to the originating payment method. Although the funding page doesn’t mention any fees, the broker does mention fee-free deposits and withdrawals on their “Charges & Fees” page.

Finexo Review and Information 2024

Finexo is an international forex broker, offering a range of assets and the MT4 trading platform. This review looks at account types, spreads, payment methods, and customer service. Despite the lack of educational tools, Finexo offers no-commission accounts, fee-free payment methods, helpful customer service, and the MT4 trading platform. The broker is a particularly good choice for traders with large initial deposits who can capitalise on the tighter spreads. Deposits and withdrawals are fee-free and can be made using debit/credit cards, bank wire transfers, and a variety of e-wallets.

With a cutting edge trading platform and the ability to trade with ease from anywhere, via computer or mobile phone, trading is easier than ever before. Finexo’s development team is always working to create new products designed to help investors make the most of their trading experiences. Through innovation, Finexo is leading the way in currency trading.

Trading Platform

The MetaTrader 4 platform can be used on PC, iOS, and Android devices. Finexo’s primary belief is that the Forex market is not just for professional investors, traders or institutions; rather that the Forex market should be accessible to everybody. It has been Finexo’s mission to both educate and guide individual investors while providing an unparalleled trading platform which traders can use effortlessly. By simplifying the process, educating investors and standing with them 24 hours a day, Finexo has become the premier Forex broker for every level of investor. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. One area that needs improving is the lack of educational resources and trading tools, especially given that the broker aims to attract traders of all levels.

One-click trading is offered, along with typical market, limit and stop orders, and trailing stops. As with most web-based platforms the charting capabilities are very basic and do not offer many features. But the mobile phone trading is good with this web-based application.

After speaking to the chat representative from their site, it became apparent to me that they do not have the standard demo account, present in most current forex brokers. I was told that if you sign up for a full account, you also receive a free demo account to practice. It later became clear to me that this is not the case, and you can open a demo account via their site. Yes, the registration and deposit process is very easy and quick (as easy as opening an account with any other standard website), but the withdrawal process is a bit longer and harder.

The majority of traders would likely prefer MT4, but it is nice to see an additional option available. FXView provides access to 2 different live trading accounts, Raw ECN, and Islamic, Swap-Free. If you don’t realize the difference between real and demo mode, you’d better forget about trading online. But if you generate profit on the demo, you don’t have to wait for live trading with Finexo. It offers competitive spreads and fees, research and training tools, advanced customizable charting, automated trading, trading signals, Expert Advisor plugins, and live newsfeeds.

Traders are not charged trading commissions or fees with this service. Like other retail brokers, Finexo takes a fixed spread on each currency pair, varying from 3 pips to 14 pips. They are a dealing desk retail broker, and as such, they take the other side of all of your trades. The platform is not customizable, but all the features a trader needs is right on the front page. Account reports can be viewed and printed from this application as well.

Leave a Reply

Your email address will not be published. Required fields are marked *

Call Now Button