finexo

Note: Finexo shuts down and moves all business to Markets.com, followed after Cysec has fined Safecap Investments Ltd €168,000.

Trading Platform

Finexo offers user-friendly trading platform accessible anywhere from computer or mobile device.

This is one of the favorite trading platforms on the financial market today. Suitable for both beginners and advanced traders, MetaTrader 4 provides powerful charting and analytical tools, reliable interface and wide variety of Finexo customizable features.

Finexo WebTrader is synchronized with MetaTrader 4 account and can be accessed on any computer without the need to install or download the software, since it is purely web-based. Traders have access to all MetaTrader 4 functionality, including opening/closing positions, risk management tools and market chart and analysis.

Traders who need to access their platform via phone or other mobile devices can take advantage of this mobile platform with access to forex and cfd markets anytime anywhere.

Trading Conditions

The broker claims to work with major banks and financial institutions to obtain best bid and ask prices; however the website fails to clarify exactly which banks and institutions are involved.

Finexo doesn’t charge commissions or extra fees for the services.

All open positions are automatically rolled or swapped over to the next day.

Traders can call dealing desk 24 hours a day from Monday to Friday in order to trade over the phone. Most traders choose online trading as the fastest and more suitable way to invest, however there is this option for customers who prefer calling the dealing desk.

There is no maximum trade size; however large trades need to pass the authorization procedure through the dealing room.

Finexo leverage is up to 200:1. The minimum margin requirement is 0.5%.

The review of Finexo spreads on some major currency pairs is isted below (the complete table can be found on the broker’s website:

Instrument

Spread (in pips)

Leverage

MT4 Lot Settings

Trading Hours (GMT)

Size of 1Lot

Min. Trade

EUR/USD

3

200:1

100,000

0.01

24h

GBP/USD

3

200:1

100,000

0.01

24h

USD/CHF

3

200:1

100,000

0.01

24h

USD/JPY

3

200:1

100,000

0.01

24h

AUD/USD

4

200:1

100,000

0.01

24h

EUR/CHF

4

200:1

100,000

0.01

24h

EUR/GBP

4

200:1

100,000

0.01

24h

EUR/JPY

4

200:1

100,000

0.01

24h

NZD/USD

4

200:1

100,000

0.01

24h

USD/CAD

4

200:1

100,000

0.01

24h

AUD/CAD

10

200:1

100,000

0.01

24h

AUD/CHF

10

200:1

100,000

0.01

24h

AUD/JPY

5

200:1

100,000

0.01

24h

AUD/NZD

20

200:1

100,000

0.01

24h

CAD/CHF

10

200:1

100,000

0.01

24h

CAD/JPY

6

200:1

100,000

0.01

24h

CHF/JPY

6

200:1

100,000

0.01

24h

**CHF/PLN

40

200:1

100,000

0.01

24h

EUR/AUD

9

200:1

100,000

0.01

24h

Demo Account

Demo account is a practice account you can use to become familiar with forex trading and the trading platform itself without risking real money. Once you have completed the registration process, you can access Finexo trading platform and use demo account with $100,000 virtual money.

Payment Methods

Finexo accepts payments and processes withdrawals via credit/debit cards, wire transfer, webmoney and some local payment methods.

Minimum deposit requirement is $100. Depending on the choice of the deposit method, your funds will be available in the trading account within 2 business days.

Withdrawals are processed only to the same method you used to fund the account. Requests are approved within 3 business days.

Support

There is multilingual customer support available 24/5 during office hours via phone, email and online chat.

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