Finexo Review

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Overview

Finexo is Cuprus based Forex broker, which was founded in 2003, since 2003 the broker is having a great success – it’s headquartered in Nicosia.

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Details

Broker Finexo
Website URL www.finexo.com
Founded 2003
Headquarters Nicosia,Cyprus
Support Number +44-203-1500971
Support Types support@finexo.com
Languages English, Turkish, Spanish, French, Arabic, German, Russian, Portuguese and Romanian.
Trading Platform Meta Trader 4, MT4 Mobile Trader and Finexo Auto Trader software
Minimum 1st Deposit $100
Minimum Trade Amount 0.01 lots
Bonus Start with $2000 Welcome Bonus
Leverage 1:100
Spread Fixed, 3 pips
Free Demo Account Yes
Regulated Yes
Regulation CySEC, FSA, BAFIN, CNMV, CONSOB, AFM
Account Types minimum deposit: $100 minimum lot size: 10k max leverage: 1:200
Deposit Methods Credit card, Master card, Visa, Diners clubs credit, debit card, moneybookers, paypal, NETELLER, Liberty Reserve, Click and Buy, Webmoney, Wire transfer
Withdrawal Methods Credit card, Master card, Visa, Diners clubs credit, debit card, moneybookers, paypal, NETELLER, Liberty Reserve, Click and Buy, Webmoney, Wire transfer
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 3.5

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Full Review

Finexo is Cuprus based Forex broker, which was founded in 2003, since 2003 the broker is having a great success – it’s headquartered  in Nicosia.

 

The broker was acquired by Investments Limited since 2010, and the broker is performing even better.

 

One year after creation,Finexo got the white label of Saxo Bank.  If you looking through their official website you’ll find that the broker main goal is simplicity and easy to you trading flow, this is best for newbies in forex trading field.

 

The process of creating a live account is really simple and if you transfer fund from your credit card to your account you can start trading in a matter of minutes. Don’t worry if you don’t have credit card the broker accepts several ways to fund an account, including Paypal, MoneyBookers, Neteller, Click and Buy, Liberty Reserve and Giro Pay, or via bank wire transfer. You can see this info on their website, which is simple to use, or you can keep in touch with their support.

 

Trading Platform

 

Finexo developed own ForexTrader platform based on Saxo Bank’s Saxotrader. The Finexo’s platform is suitable for beginners and for experienced trader – you can do everything with just some few clicks. Finexo will not charge you a commission or other kind of fee, the only thing that you’ll pay Is the spread, which is fixed spread on every currency pair. The pips spread range is from3 pips to 14 pips.

 

Finexo provides to their clients a daily market update, via email and via the trading platform which includes mostly fundamental trading points and some broad based trade ideas. On the cons side they don’t provide training courses, webinars or forums.

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