FinFX is fully licensed and regulated to offer real money forex trading services, courtesy of the Malaysian Ministry of Finance. It is fully regulated by the LFSA (Labuan Financial Services Authority). This company is based out of Labuan, Malaysia, and offers clients an impressive range of trading options. This includes a minimum account deposit of just £100/€100/$100, and leverage of up to 1:500. There are some 50+ currency pairs, and commodities available to traders.
This forex brokerage works with Tier 1 banks and adheres to a strict policy of KYC and AML protocols. Segregated funds are standard to separate client funds from company funds. The company is fully licensed with license #MB/17/0020. The company is not engaged in trading against clients and is for STP only purposes. With 256-bit secure socket layer encryption (SSL), FinFX offers the same levels of safety as online banking. All trades are conducted on an ECN/STP basis (electronic communication network/straight through processing). Both MAM and PAMM options are available for clients who wish to trade for other traders.
Various account types are available at FinFX, including Micro Accounts, Pro Accounts, and Fix Accounts.
Micro Accounts – zero commissions, leverage of 1:500, and a minimum deposit of £100 to/€100/$100. The minimum trade size with these accounts is 0.01 lot, or 1000 units, with 0.01 lot increments.
Pro Accounts – pro accounts offer leverage of 1:200, minimum deposits of $1000/€1000/£1000, and a minimum trade size of 0.1 lot, or 10,000 units. The commission structure is $5.50 per 1 lot.
Fix Accounts – fix accounts have a minimum deposit requirement of €10,000/£10,000/$10,000. Leverage of 1:100 is available, with a minimum trade size of 0.01 lot. Fixed trading environment offers coverage via Meta Trader 4.
Additionally, the account types at FinFX are available in a real account and a demo account. Clients can easily switch between the two, provided they adhere to the requirements. For example, demo accounts that are left dormant for more than 30 days will be deactivated and deleted. However, clients can easily test all their trading strategies on demo accounts before switching to a real-money account
Trading Platform/ software
MetaTrader 4 is the trading software used by FinFX. This trading platform is regarded as the best forex trading software in the world. Features of the MT4 trading software include competitive trading conditions, liquidity, full charting capabilities, graphs, multi-asset management, and full mobile functionality. Real money trading on MetaTrader4 and demo trading options are available. To get started, clients are required to register an account, provide the requisite information and wait for verification from FinFX Global Markets.
Deposit options are limited to a handful of payments processing methods, including credit card, debit card, and wire transfer. Clients are not able to transfer funds from bank accounts not held in their name, as is standard practice with regulated forex businesses.
The following forex options are available to traders: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/SEK, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/JPY, NZD/USD, USD/CAD, and USD/ZAR are among others. In total, there are several dozen forex pairs available for trading. The spreads are as low as 0.3 on popular pairs like the EUR/USD, and as high as 72.6 on pairs like EUR/TRY. Other markets include spot precious metals like gold and silver.
We contacted customer support via live chat for questions about bonuses. We were informed by the customer support professional that FinFX does not offer any bonuses – first deposit bonuses, deposit bonuses, or conditional bonuses.
Customer support and service is available through several channels. These include the snail mail address:
Unit B Lot 49
First Floor, Block F
Lazenda Warehouse 3
Jalan Ranca-Ranca, 87000 F.T.
The telephone number is: +60-3-9212-1717
The Email Address is: [email protected]
The Online Contact Form: traders can simply complete the online contact form and submit it to customer service representatives at the company. They typically work quickly and effectively to resolve queries.
Several safety measures are currently in effect at FinFX Global, notably the 256-bit SSL (secure socket layer) encryption technology, account verification, and firewall protection. Clients also have usernames/passwords to protect their accounts and are encouraged to use antivirus software, anti-malware, and safe browsing habits. Additionally, FinFX Global is secured by way of segregated accounts. This means that client funds are held in separate accounts to company funds. This protects funds in the event of judgments against the company, bankruptcy, or any legal proceedings. AML and KYC protocols are in effect, further enhancing the safety and security of trading activity. This company is fully licensed by the LFSA with license #MB/17/0020. This means that clients have a little more protection available to them.
Ease of Use
One thing that clients will instantly notice is that FinFX Global has opted for minimal clutter on its platform. Brief descriptions, quick and easy access to information, and instant registrations are assured. This forex brokerage uses MT4 software in Demo account mode and Real money mode. This makes it incredibly easy to get up and running with this trading platform.
As far as trading brokers go, FinFX is reputable, easy-to-use, and powered with precision. It is rather limited in terms of available information, but it offers 50+ currency pairs and a handful of precious metals. This broker also offers 3 unique account types with affordable minimum deposits and generous leverage. It is based out of Malaysia, but it is fully regulated and this is a big feather in its cap.