Finexo Review
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
