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Finex Review and Information 2022

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 2022


WWW
Address
Headquarters
Free phone
Digits after the dot in quotes 4
Minimum position size 0.01
Pip spread on majors 1-3
Spread Type
Maximum Leverage 500:1
STP, $
ECN, $
Standard account, $ 100
Mini account, $ 100
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Available assets
Languages English
Platforms MetaTrader 4
Broker type
Regulation not regulated
Foundation 2006

Finex Reviews and Comments

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  
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  
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  
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  
XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

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  
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  
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  
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  
I am not sure at all... )))
  5 Oct 2007  
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  
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  
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  
Finex is ok by most standards, but certainly not perfect. Once you get used to them you won't really mind their high spread.
  15 Jul 2007  
I am 50 years old guy, and don't work in Finex. I have got 300 pip slipped from odl once and 80 from ifx and saxo removed my profitable trades. That is why I appreciate how finex works. u bucket will understand it later
  4 Jul 2007  
Free All-round Education, Webinars and 1-on-1s with our Market Analyst, Michalis Efthymiou

Take a researched, confident step into the markets, by getting to know all there is about trading CFDs. Discover more about eXcentral's five asset classes by going over our free and easy eBooks and following our Video tutorials. Go deeper into the trading pool, by improving your Technical and Fundamental Analysis skills with our Trading Strategy Tutorials. And for trading's sake, make sure to book your place for eXcentral's next Webinar, for a shot to get to know Michalis better. Or schedule your 1-on-1 with him instead.

Ok samuel, I was saying the market moved 6 pips and I was slipped 6 pips, perfect example of a market maker who was scared to lose some money....60 dollars, imagine how small the place is based on that, if they cant afford to make a tiny payout, I got my money out last week. Oh and J12 why dont you just put in your direct line at the sals desk so anyone who gets excited by your comment can open an account with you? lol
  4 Jul 2007  
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