Overall, Finexo can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Finexo has an overall trust score of 60 out of 99. Finexo offers Over 2100 assets available for trading.
Finexo At a Glance
| Broker's Name | Finexo |
| 🏛️ Headquarters | Nicosia, Cyprus |
| 📅 Year Founded | 2003 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | Japan, Canada and USA |
| 📌 Accounts | Silver Account Gold Account Platinum Account Exclusive Account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | No |
| 👨🏼💼 Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:300 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 💳 Spread | From 0.03 pips |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Debit/credit cards, bank wire transfers, e-wallets including Skrill, Neteller, Sofort, EPS, Giropay, Multibanco, Przelewy24, iDeal, Epay.bg, and Safetypay |
| 💳 Withdrawal Options | Debit/credit cards, bank wire transfers, e-wallets, including Skrill, Neteller, Sofort, EPS, Giropay, Multibanco, Przelewy24, iDeal, Epay.bg, and Safetypay. |
| 📊 Platform Types | MetaTrader 4, Sirix WebTrader |
| 📶 OS Compatibility | PC, iOS, and Android |
| 📈 Tradable assets offered | Stocks, Forex, Crypto, Indices, Commodities, Bonds and ETFs. |
| 💬 Languages supported on Website | English, Spanish, Arabic, Italian, German, Portuguese, Russian, French, Turkish |
| 💬 Customer Support Languages | English, Spanish, Arabic, Italian, German, Portuguese, Russian, French, Turkish |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, Sirix WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Finexo below.
Finexo review – 19 key point quick overview:
Finexo At a Glance- Finexo Overview
- Finexo Safety and Security
- Finexo Sign-Up Bonus
- Finexo Minimum Deposit
- Finexo Demo Account
- Finexo Leverage
- Finexo Accounts
- Finexo Market instruments
- Finexo Fees, Spreads & Commissions
- Finexo Deposit and withdrawal
- Finexo Trading platforms
- Finexo Current Popularity Trend
- Finexo vs Exness vs XM – a Comparison
- Finexo Customer Reviews
- Finexo Pros and cons
- Finexo Conclusion
- Finexo Disclaimer
- Frequently Asked Questions
Finexo Overview
According to research in South Africa Finexo is a business name of Trade Capital Markets (TCM) which is located in Nicosia, Cyprus.
Finexo.com is a portal for both beginners and more advanced clients to access the world’s most popular assets and enhance their trading abilities.
Finexo serves traders in almost every country around the globe with investment opportunities in a diverse range of instruments, including FX pairs, commodities, indices, bonds, ETFs, stocks, and cryptocurrencies.
Finexo Safety and Security
One of the best benchmarks to measure the safety of a broker like Finexo is to establish which regulating authorities are watchdogs over its actions.
Finexo.com is a trading name operated by Trade Capital Markets (TCM) Limited (previously Leadcapital Markets Limited), which is authorized and regulated by the Cyprus Securities and Exchange Commission, license number 227/14.
Finexo does not open accounts to residents of certain jurisdictions including Japan, Canada, and the USA.
They claim to hold all personal account data safe and completely confidential and are required by the regulations to hold and maintain at least €730 000 as proof of good financial standing.
Client funds are held in segregated accounts and they are required to report to the Commission on a regular basis.
CySEC applies a compensation scheme as an additional guarantee to clients’ funds. All licensed brokers are members of the Investor Compensation Fund, which can cover a maximum of 20 000 EUR per person in the event of broker insolvency.
Since Cyprus is part of the European MiFID regulations, all CySEC-regulated companies are free to operate in all EU member states.
Finexo Sign-Up Bonus
Finexo does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
Finexo Minimum Deposit
| ⭐ Features | ℹ️ Information |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 📊 Average spreads from | From 0.03 pips |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:300 |
| 🔥 Bonus | none |
| ☎️ Customer support | 24/5 |
The minimum deposit amount required to register a Finexo trading account is $100. This minimum deposit is equivalent to R1600 ZAR at the current exchange rate between the South African Rand & United States Dollar.
Finexo Demo Account
Finexo does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Finexo demo account does not have a specific expiry date.
Finexo Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Finexo offers a maximum leverage ratio of 1:300.
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, Sirix WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Finexo Accounts
| 💠Feature | 📈 Silver Account | 📈 Gold Account | 📈 Platinum Account | 📈 Exclusive Account |
| 📊 Minimum Deposit | $100 USD / R 1600 ZAR | $10 000 USD / R 160000 ZAR | $50 000 USD / R 800 000 ZAR | $100 000 USD / R 1 600 000 ZAR |
| 📈 Spreads | from 0,6 pips | from 0,5 pips | from 0,5 pips | from 0,3 pips |
| 💵 Fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees |
| 💳 Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| 👉 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
A forex account at Finexo is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
Finexo offers five live account types: Silver, Gold, Platinum, and Exclusive.
How to open a Finexo account
1. Step 1 – Register an account
Navigate to the Finexo website and select either the option to “Register” or “Start Now”
2. Step 2 – Complete information
Complete all information requested and select “create account”
3. Step 3 – Account verification
An account verification email will be sent to the completed email address. Once the account is verified, a trader can log into the account and start trading.
Finexo Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Finexo advertises 2100+ available instruments for trading, which consist of FX pairs, commodities, ETFs, stocks, bonds, indices, and possibly cryptocurrencies. Traders would have access to 58 currency pairs, including majors, minors, and several exotics. Available CFD’s include Brent Oil, Natural Gas, Heating Oil, and Oil, precious metals Gold, Silver, Aluminum, Copper, Palladium, Platinum, and Zinc. Traders can also access agricultural commodities like Cocoa, Cotton, Wheat, Sugar, and more.
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Finexo Fees, Spreads & Commissions
Cost depends on different factors, like spread and margins, and Finexo clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
Finexo offers commission free-trading as a fixed-spread broker. Spreads are 3 pips for the EUR/USD pair.
Competitive offers are reserved for Platinum and Exclusive accounts.
Finexo Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made in the same ways, but sometimes differ.
In the case of Finexo traders have to invest a minimum of $100 and they can use debit/credit cards, bank wire transfers, and e-wallets, including Skrill, Neteller, Sofort, EPS, Giropay, Multibanco, Przelewy24, iDeal, Epay.bg, and Safetypay to fund accounts.
Traders will be able to withdraw funds using any of the available deposit methods, with withdrawals to be done back to the originating payment method and without any fee.
Withdrawals would likely take a few business days to be received.
Finexo Trading platforms
The forex trading platform provided by Finexo to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
Finexo provides both MetaTrader 4 and Sirix WebTrader.
MT4 remains the preferred choice of most traders worldwide, while Sirix WebTrader is easy to use and equipped with useful charting tools and a number of technical analysis indicators.
Finexo supports the MetaTrader 4 platform on PC, iOS, and Android devices, alongside the WebTrader platform, which is also available on mobile devices.
Finexo Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “Finexo” is entered into Google’s search engine over a given period of time.
Finexo vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 Finexo | 🥈 Exness | 🥉 XM |
| Established | Established in 2003 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $100 USD / R1600 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 No | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
Finexo Pros and cons
| ✔️ Pros | ❌ Cons |
| Well-regulated | High spreads |
| Commission-free trading | No ECN environment |
| Choice of trading platforms, MT4 available | Supposedly a Market Maker |
Finexo Conclusion
Finexo is a Cypriot FX and CFD brokerage that is duly regulated by CeSEC and supports two trading platforms – MetaTrader 4 and Sirix WebTrader.
Its spreads are very high and there is no ECN environment. The broker offers several account types, which should satisfy traders with different needs and aspirations.
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, Sirix WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Finexo Disclaimer
Finexo warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with Finexo, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Finexo warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Finexo cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Is Finexo a fake or scam broker?
Finexo is not regarded as a scam broker as it is regulated and licensed by CySec (Cyprus Securities and Exchange Commission under licence no 092/08.
What is the overall rating for Finexo?
The overall rating for Finexo is 6/10
How many instruments can I trade with Finexo?
You can trade several different instruments with Finexo, which include the following:
- Stocks
- Forex
- Crypto
- Indices
- Commodities
- Bonds
- ETFs
Which platforms are supported by Finexo?
Finexo provides the following popular trading platforms:
- MetaTrader 4
- Sirix WebTrader
What is the maximum leverage for Finexo?
Finexo offers maximum leverage of 1:300
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