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Finexo Review

Posted By Marcus Holland On Tuesday, April 16th, 2013 With 0 Comments

A Review of Finexo

Introduction

Finexo is a forex broker that is keen on providing its customers with quality services in the areas of forex trading and currency trading. Established in 2003 with its website owned and maintained by SafeCap Investments Ltd, it is licensed and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), and in Europe by the Markets in Financial Instruments Directive (MiFID).

Asset Index

The asset index on Finexo is given as follows:

CURRENCY PAIRS SPREAD (in pips)
EUR/USD 3
GBP/USD 3
USD/CHF 3
USD/JPY 3
AUD/USD 4
EUR/CHF 4
EUR/GBP 4
EUR/JPY 4
NZD/USD 4
USD/CAD 4
AUD/CAD 10
AUD/CHF 10
AUD/JPY 5
AUD/NZD 20
CAD/CHF 10
CAD/JPY 6
CHF/JPY 6
**CHF/PLN 40
EUR/AUD 9
EUR/CAD 9
EUR/HUF 72
EUR/NOK 40
EUR/NZD 20
**EUR/PLN 35
EUR/SEK 50
*EUR/TRY 35
EUR/RON 250
EUR/RUB 350
GBP/AUD 9
GBP/CAD 12
GBP/CHF 8
GBP/JPY 7
GBP/NZD 25
GBP/SGD 30
NZD/CAD 10
NZD/CHF 10
NZD/JPY 7
USD/DKK 20
USD/HUF 75
USD/MXN 100
USD/NOK 50
**USD/PLN 30
USD/SEK 50
USD/SGD 8
*USD/TRY 30
USD/ZAR 120
USD/RUB 300
USD/RON 200

NOTE: *Between 19:45 GMT and 06:00 GMT, spreads of TRY pairs might be widened

** Between 19:45 GMT and 06:00 GMT, spreads of PLN might be widened to 120 pips.

Trading Platforms

The platforms offered by Finexo are given as follows:

a) Finexo WebTrader – This platform enables users to gain access to their MT4 trading accounts online with all the full functionality of MT4 being made available to them. It deploys well on any web browser.

b) MetaTrader 4 – Users of MT4 have the option of enjoying the benefits of integrated trading features and tools that are unique to the Expert Advisor.

c) MT4 Mobile Trader – This platform gives its users the opportunity of accessing the full features of the MT4 trading software from their mobile devices. Some of its features include access to real time prices, charts and graphs, a user-friendly interface, sound alerts and the ability to trade the most popular currencies all on the go.

Deposits and Withdrawals

The following are the payment methods that are available to traders on Finexo:

a)      Fast Bank Transfer

b)      WebMoney

c)      Wire Transfer

d)      Credit/Debit Card.

Withdrawals can be made via Wire Transfer or credit card.

Minimum Deposit

The minimum deposit amount required on finexo is 100 USD.

Minimum Withdrawal Limit

There is no minimum withdrawal amount.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposits and Withdrawal

The condition for withdrawal is that funds can only be transferred to the same account that was used to make the deposit originally. The transactions must also be done in the name of the account holder which appears on the trading account and the verification documents.

Customer Support

Finexo’s customer support can be reached through the following means:

a)         Email: support@finexo.com

b)         Phone: +44-203-1500971

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