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Overview
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Finexo Broker Review

A premier online Forex broker, Finexo offers a cutting-edge trading platform with top-tier customer support to traders in regulated financial markets. Finexo's traders enjoy fully segregated accounts, an investor compensation fund and world-class safety and security.

Advertiser Disclosure

Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs

Overview/Background

Finexo was founded in 2003 by investment professionals seeking to facilitate the trading of currencies online for traders across the spectrum. As the premier online Forex broker, Finexo offers a cutting-edge trading platform with top-notch customer support to traders in regulated financial markets. The company is owned and operated by SafeCap Investments Ltd of Cyprus. The company is licensed and regulated by CySEC with the following license number #092/08, under the regulatory authority of the FSB and the FCA. Investors have access to 24/7 support, a wide range of tradable assets (hundreds of stocks, indices, currency pairs, and commodities) and an innovative approach to trading currencies online.

 

Account Types

Finexo offers traders multiple account options, including a Mini Account, Standard Account, Platinum Account and a VIP Account. The Mini Account offers traders market reviews, dealing room access, and a limited welcome bonus. The Standard Account offers traders a bigger welcome bonus, market reviews, dealing room access, trading signals access, breaking news to mobile, and signals to mobile. The Platinum Account is one of two premium accounts at Finexo. It offers a generous welcome bonus package, market reviews, dealing room access, trading signals access, breaking news to mobile, signals to mobile, access to private dealer, invitation to group seminars, and 1-1 Live Webinars. The VIP Accounts are the premier accounts and they offer VIP exclusive welcome bonuses, market reviews, dealing room access, trading signals access, breaking news to mobile, signals to mobile, access to private dealer, invitation to group seminars, 1-1 Live Webinars, Invitation to 1-1 Education Seminars. Traders have access to live accounts and demo accounts at Finexo.

 

Trading Platform/Software

Finexo provides traders with multiple trading platforms including MetaTrader 4, Mobile Trader, Finexo Mobile Trader, and the MetaTrader 4 Multiterminal. These trading platforms make it possible for casual traders and professional traders to derive maximum benefit from the trading platform. Traders can easily open and close positions, utilize risk management tools and access trading information (analysis and charts). Forex and CFD trading are possible at the click of a button from home or on the go. The range of customization with the trading platform and software is extensive and traders will find plenty of features to make their trades more manageable.  In terms of accessibility to the trading platforms, traders from the U.S., Canada and Japan are not allowed to access Finexo’s trading services.

 

Deposit Options

There are multiple safe & secure deposit options available at Finexo. These include local payment methods, Webmoney, Fast Wire Transfer, Diners Club, MasterCard or Visa.

 

Markets

The range of trading products at Finexo is vast and includes major financial instruments. Trading can be undertaken with leverage of 200:1 and tight spreads are the norm. The financial instruments include Forex, gold, oil, indices, stocks, and commodities. In total, there are hundreds of tradable assets available. The CFD and Forex trading options at Finexo provide traders with high leverage and low spreads on all tradable assets. Examples of markets include: EUR/USD, USD/SEK, Dow Jones, Nasdaq 100, S&P 500, Hang Seng, DJ 30, OMXS 30, AEX, Apple Inc., IBM, KING, Google Inc, General Electric, Goldman Sachs, Coca Cola, Apache, Unisteel, GM, GoPro, Walt Disney Co, and hundreds of others. Finexo also offers a range of Bonds for traders to include in their financial portfolio.

 

Bonuses

New traders at Finexo qualify for a generous $2,000 welcome bonus upon registering and depositing. If you decide to open a demo account, there is $100,000 in Free Demo trading cash available. Various other bonuses and promotional offers are available to traders with the different account types that can be opened.

 

Customer Support

There are several ways to contact customer support at Finexo. These include an administrative address in Nicosia, Cyprus; international telephone, fax and email, a dealing room telephone number and live chat functionality.  The helpful and friendly FAQ section makes it easy to get quick answers to a wide range of technical, trading and account-related queries. The customer support telephone number is +44 203 150 0971. The customer support email is support@finexo.com .

 

Safety

Finexo is geared towards maintaining a technological edge with systems security and integrity at all times. Firewalls, SSL software, encryption, Level 1 PCI certification and encrypted communication between Safecap Investments Ltd clients and servers are fully encrypted.

 

Ease of Use

The trading platform at Finexo is user friendly in most every way. Registering an account takes a few moments and each of the categories on site is easy to access. The range of trading platforms is vast and features the world-class MetaTrader4 platform as well as the MetaTrader 4 MultiTerminal. The ease of use is enhanced with the inclusion of a Mobile Trader option for Android smartphones and tablets, as well as iOS smartphones and tablets. With hundreds of tradable assets and multiple account types, Finexo is the real deal.

 

Final Thoughts

Finexo is fully licensed and regulated by CySEC, with the following registration number: 092/08. Traders can enjoy fully segregated accounts, an investor compensation fund and world-class safety and security. The range of tradeable assets is diverse and spans scores of CFD trading and Forex trading options.  The inclusion of a demo trading account is a welcome addition for traders.