FinFX Overview
Website: finfxglobal.com
Telephone: +60-3-9212-1717
Regulation: Not Regulated
Pairs offered: major pairs, minor pairs, and exotic currency pairs
Minimum Deposit: $100
Spreads From: 1.6 PIPs
Max Leverage: 200:1
Markets: forex and precious metals
Deposit Options

FinFX Broker Review

FinFX is a forex brokerage with a difference. This global broker partners with clients on an individual basis by adhering to 4 core tenets. These include rapid executions of trades, tight liquidity, expert customer support, and transparency. FinFX Global Markets Ltd is based in Malaysia, and the broker runs MT4 (real and demo) accounts. With spreads as low as 0.0 pips FinFX offers deep liquidity and fully regulated trading to all clients.

Overview/ background

 

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.

 

Account Types

 

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

 

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.

 

Markets

 

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.

 

Bonuses

 

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

 

Customer support and service is available through several channels. These include the snail mail address:

FinFX Global

Unit B Lot 49

First Floor, Block F

Lazenda Warehouse 3

Jalan Ranca-Ranca, 87000 F.T.

Labuan Malaysia

 

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.

 

Safety

 

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.

 

Final Thoughts

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.

Pros
  •  Full demo account platform available
  •  Licensed and regulated by the Malaysian authorities
  •  Educational resources provided for Forex trading
  •  50+ currency pairs available (major, minor and exotic pairs)
Cons
  • No Telephonic Trading
  • Live Chat Not Responsive
  • No bonuses by this forex broker
  • Scant Information on Account Types
  • Limited financial instruments to trade besides forex
FinFX Overview
Website: finfxglobal.com
Telephone: +60-3-9212-1717
Regulation: Not Regulated
Pairs offered: major pairs, minor pairs, and exotic currency pairs
Minimum Deposit: $100
Spreads From: 1.6 PIPs
Max Leverage: 200:1
Markets: forex and precious metals
Deposit Options
Pros
  •  Full demo account platform available
  •  Licensed and regulated by the Malaysian authorities
  •  Educational resources provided for Forex trading
  •  50+ currency pairs available (major, minor and exotic pairs)
Cons
  • No Telephonic Trading
  • Live Chat Not Responsive
  • No bonuses by this forex broker
  • Scant Information on Account Types
  • Limited financial instruments to trade besides forex