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Finex Review and Information 2024

Finex
Voting Rating Finex does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Status Closed
Regulation
Trading software Meta Trader 4
Headquartered

Finex forex broker was established in 2006 to provide trading services mainly on The Financial Futures and Options Division of the New York Cotton Exchange (NYCE). Broker finex offers trading most FINEX contracts and some other trading assets including shares, futures, precious metals and CFDs. The company offers its customers trading on its proprietary trading platform which is called Finex trader, the web version of the software is also available. The company is not regulated by any major financial regulators and works under a local license of Finex bank.

Finex forex offers medium comfortable trading conditions including minimum deposits starting from $500 and variable spreads ranging from 2 to 6 for major currency crosses. The minimum position size at the broker is 0.01 lot. The trading accounts can be opened in such currencies as Euro, Dollar and British Pound. The depositing and withdrawal is allowed via PayPal, Neteller,WebMoney and several other payment systems.

On the company’s profile page you can leave a review of your personal trading experience with the broker as long as you can read the reviews posted by other traders.

Editorial office note: the company does no longer provides its services as long as it was liquidated. 

Finex Trading Information 2024


Digits after the dot in quotes 4
Minimum position size 0.01
Pip spread on majors 1-3
Maximum Leverage 500:1
Standard account, $ 100
Mini account, $ 100
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Languages English
Platforms MetaTrader 4
Regulation not regulated
Foundation 2006

Finex Reviews and Comments

So my experience with this scammish company was a horrific ordeal. I was preyed upon by a male that goes by ***. After weeks of turning his offer down to invest with Finex I took the bate and i vested $200. He said the $200 would give me an earning of $1755 in a week. I thought it was kind of strange that he gave such a detailed amount, but my dumb self was smitten right before Christmas. He then went on to say, a day or so after I sent the $200, that I need to pay $155 for the withdrawal fee. For days I refused to pay anymore money and I requested to get my $200 back. A day before the bogus withdrawal was supposed to happened he said he had $50 in his online wallet that he would put towards the withdrawal fee. I said okay maybe he is legit and I sent the remainder of the money. Mind you there are also fees attached to sending this money to a wallet like $20-$30 fees on top of the money you need to invest. So he kept saying I would be able to withdraw my earnings the next day by the end of trade time. Long story short. I then get an email stating that my withdrawal was ready and I needed to deposit $523 as the 20 percent fee from the earnings and the money would be available for immediate withdrawal. Bottom line is I wasnt giving another dime. I don’t believe for one second that this money would have been released. Do not send a penny to this company or to this guy! They are scammers.
  23 Dec 2023  

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I got sucked into trading with finex share when I was talking to a guy I met on a dating site for a month then convinced me to invest into the company he worked for. Finex kept on asking for more money to trade at a higher level and when I asked to withdraw my agent wanted 15% of my total profit - not even the amount I wanted to withdraw. Then send me the wrong address to transfer my money out then more money from tracing fee. Withdrawal ended up back into my trading account. Then more money as I was almost on level 4. Then another commission $3k then down to $1k fee to finally withdraw my money. Now my account will be dormant until I pay the fee to withdraw. Even messaged the director.. they apologise for the agents misleading information but still couldn't do anything about withdrawing my money without this $1k commission- even when I told them I didn't have any money left. Total scammers.


  10 Oct 2023  

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Finex left me with nothing. They keep on asking for more money. On the third time of depositing money, they said I'm one step aeard. Then I deposited till I left with zero balance in my account. Don't go for this scam.
  13 Sep 2023  

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Totally agree with the first comments of March 2, 2022 and September 3, 2021, I too was a victim of this company which may have been on top in 2007, but has certainly fallen into the hands of scammers. And on top of that the manager of my account makes it worse by kissing me on the phone and sending me smileys with little hearts on WathsApp when I ask him to close my account and transfer the balance to my bank account!
  10 Jun 2022  

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Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

Finex is fake and scammer company don’t trust them, you will end up with loss of your hard earned money. First they request to start with 100 dollar account then keep asking to add more and more dollars by committing profits and withdrawal to your account. But profit and withdrawals never going to happen and you will end up with loss and only loss of your hard earned money.
  2 Mar 2022  

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Worth experience. My account manager by finex team and we are added fund 2 time but account is Zero. I have not earned a single penny or not a withdraw any single time. Not respond properly and not receive call. Just tell to add more money for earn more money but still your account is going in minus. I have lost my all money. I have not to suggest anyone. Please beware of this type of company.
  3 Sep 2021  

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Gosh! Haven't heard of them for ages. I had a trading account with them several years ago when they still worked. No I see that they have closed and I'm not a little bit surprised as it was one of the most substandard brokers I had the chance to trade with during my life.
  3 Mar 2016  

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I'm a customer of Finex and have been very happy. FInex is not going bankrupt and not being shut down. They are being acquired by a bank in Germany.
  13 Oct 2007  

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See this is the perfect example of a scam broker just like Admiral Markets and others offering the worthless metatrader system. Finex went bankrupt. Congrats Martin S and franco, you should have worked on your buisiness instead of messing around on forums and posting lies, thats what you get.
  11 Oct 2007  

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I am looking forward to the new bank partnership with Finex. I have been treated fairly by Finex in the past now I will get further security of a bank. Finex promises to continue managing the automated system dealing so that my execution will not change.
  10 Oct 2007  

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Finex is temporarly shut down. The swiss banking authority (sfbc) is shutting down brokerage after brokerage (globex, tradex, finex,etc.) for no real reason. Although i have never traded at Finex i mostly heard good things about them so this gets me very concernd about swiss brokerages in general!

  5 Oct 2007  

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I am not sure at all... )))
  5 Oct 2007  

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Finex is partnering with Bank and they will offer more products, I am looking forward . They are oing to bit Saxo Ya------hoo!!!!!!!!!!!!!!!!!!!!!!!!!
  4 Oct 2007  

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Friday I was trading with Finex and guess what, they had great execution, no increasing margin level, like in Saxo, I closed my account at Saxo and moved to Finex. I will stay here a little bit. I am getting got live support service. They earn good reputation because of good job they are doing.
  22 Aug 2007  

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The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

I like their ultra fast execution, never had with other brokers. Also I like that they don't requote. Sometimes I will try to close my position and will get offqoute and next second I will try again and I will get even 1 or 2 pip on my favor. It does explain that they are running automatic
  7 Aug 2007  

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