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Finex Reviews written by real traders

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  23 Dec 2023
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.
  10 Oct 2023
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.
  13 Sep 2023
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.
  10 Jun 2022
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!
  2 Mar 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.
  3 Sep 2021
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 Mar 2016
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.
  13 Oct 2007
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.
  11 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.
  10 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.
  5 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... )))
  4 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!!!!!!!!!!!!!!!!!!!!!!!!!
  22 Aug 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.
  7 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
  15 Jul 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.
  4 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
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
  3 Jul 2007
I have been trading with them almost 3 month and must say they are great, keep it that way !!! Thumbs up!!!
  22 Jun 2007
I agree with samuel. you cant expect fills like a demo in real account if you do then I would suspect a true bucketshop. I cant comment on ACM or Duka. I only traded cbfx, gain capital, cms, interbankfx, ifx and finex. I dont trade mini, only standard account.
  21 Jun 2007
bucket, I've been trading there for several months now. It sounds like you placed a stop during a news annoucement. What do you expect? I have never gotten slipped on markets. So, you obviously sound like a novice. I traded with many other brokers and have gotten slipped alot worse then 6 pips. Finex is the only broker I would ever trade through, they aren't perfect, but definitely the best out of the rest.
  21 Jun 2007
Finex is a small bucketshop broker scam, how are they second? Are the poeple voting for them acutally clients there or all demo traders? Because the first trade I entered there on a live account was slipped 6 pips! They started telling me yeah the market was moving fast... It moved 6 pips!!! Checking out ACM and Dukas now. bye finex scammers !!!!!!!!!
  7 Jun 2007
I agree with Jack, why whould anybody wants to screw on demo? It does not make any sense to me
  4 Jun 2007
you judge all brokers by demo? hum... good luck
  2 Jun 2007
I have notice that during the NFP new on the 1st June 2007, I just notice that the candlestick at 14:29 the ( Finex broker) high of the candlestick is 34 pips. When I measure the high with other broker plateform it was just around 9 pips the broker time is 15:29 FXMalaya broker, 1 hour difference from finex plateform time. I think this broker is trying to screw us I was luck I'm using the demo account
  23 May 2007
I agree with stephan. I have been trading at finex for 3 month. So far the best I have used. Are the perfect? Of course not. But I feel safe because I know that they dont trade against me. One tip, its hard to get fill in our out if less that 1 lot. I found this to be true at other brokers too.
  23 May 2007
No, Kiana, I don't work there. I'm just telling you my experience with trading with them and I'm suprised you aren't as happy as I am with Finex. You are either one of their competitors and bad mouthing them or you are just sore at all the brokers because you lost money.
  23 May 2007
Yeah sure you work there so just dont talk plz. No stop ordre prices are EVERRRRR filed at the right price, stable or valatile market alike.. so dont try to sell me your bucket platform that I've already seen. My trade confirmation are faster at Finex that with anyone else... pffffffff
  21 May 2007
Regarding Kiana's comment... of course they are market markers, but they don't have human dealers, they have a computerized risk management system that routes trades directly to their counterparties automatically. I have been trading with them for a few months now and I will never go to another broker again since I've been with Finex. Sure, I get slipped sometimes when I place stops during news. But, this is the risk when you place stops. My trade confirmations are faster at Finex then with anyone else I've ever traded with. Kiana, you sound like someone that just lost his money and trying to blame everyone else but yourself.
  21 May 2007
I used to trade with finex, not only are they clearly market makers who do trade against their clients because everytime I make money they slip me to loss. I wanted to complain and found out they are regulated by polyreg, the same who regulated gfx, gfx was closed down last week by the swiss authorities. Get out while you still can or all u money is gone.
  17 May 2007
I agree that the spread is a little high, that is why I dont scalp. only uk session for me
  11 May 2007
Well, for intraday trading where there r many trades the spread 4 pips is very high indeed
  7 May 2007
The spread is fine as long as I get a fill. Its not tha expensive. I remeber one I was paying the same spread and then also a fee at cbfx. I still made money. So far so good. I like finex. I probably would not trade news. Hard to get in a fast moving market.
  3 May 2007
i liked metatrader very much
but the spead for GBPUSD is too high
  23 Apr 2007
I like the execution and the fact they are the only market making company who does not trade against his client, what else do we need?
  18 Apr 2007
I just started trading with them. Really good and fast execution. Recommended.
  11 Apr 2007
Fast execution and automatic dealing is what i need.
  2 Apr 2007
hey guys, I like finex they do what they promised, fixed spread and fast execution. Highly recommended
  2 Apr 2007
I did trade the news with them for 3 months now, i got slipage from time to time during the news and that's normali got 2 and 3 some times. there is no broker that can guarantee no slipage during a real market unless they puting the clients into demo server instead of a live server
  2 Apr 2007
I being trading with fines for the past 2 months, so far i am so happy with their executin and support. hopfully will stay this way
  19 Mar 2007
Mohammad, How long did you trade news with them? We do not have news with good and fast move in this 2 months. I trade UK trade balance with 9 pip slippage last week (position opened at highest price of market)
  15 Mar 2007
I don't see what people are talking about, huge slippage. I trade news through them all the time and worst slippage I got was 2 pips. I got 54 pips slippage from IFX and 86 pips one time from FXCM. The execution at Finex is the best I experienced compared to the rest of the brokers out there.
  15 Mar 2007
Just started trading with them recently and i am very positive about them. They have fast reliable execution and serve with very friendly customer support.
  14 Mar 2007
fast execution but hugeeee slippage on economic news
  13 Mar 2007
very bad. stop loss no guaranteed( I loss 2 more pips) - 5% fee for egold transfer - Bad slippage on news time - do not try it
  8 Mar 2007
Very good execution. I dont mind the spread as long as I get filled and the spread is competative. I use to trade through a firm that promised 1-2 pip spread but they would try to screw with me every chance they got. Slip me and requote me all the time especialy when I was trying to get out of a winning trade.
  7 Mar 2007
I just want to say that i tried many brokers and they all the same, the thing that i liked about finex is their execution. the spraed is little high. over all is worth trying
  7 Mar 2007
Started trading with them recently. Great execution, great customer service. No complaints whatsoever.
  6 Mar 2007
not bad-the new one
Finex

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...

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