Forex Broker Finexo
The forex broker finexo is – like AVAFX – rather the forex broker for experienced traders than for absolute beginners. But even beginners who want to start learning forex trading from scratch are being provided with a lot of information material like ebooks, videos and individual support. Finexo uses the famous and popular Metatrader MT4 platform. Advantage: if you can handle this platform you can change your broker with ease without having to work in another platform. This is why we highly recommend using an MT4 forex broker. With Finexo you can not only trade currencies but also commodities, futures, stocks and cfds. In contrast to other forex brokers with finexo you can trade any given volume. Unbeatable as well the low minimum deposit of just $25. For your trading forex the broker offers not less than 50 currency pairs.
Getting started with finexo
If you like to start with finexo you better start with a virtual tour in order to familiarize yourself with the trading platform and the broker. Here you will be provided with any information needed for a successful trading. Finexo has 3 different account types on offer and thus every trader gets their perfect and tailor made trading environment. With a so called mini account you can start trading with a minimum deposit of $25 – reason why this kind of account is particularly made for beginners and private investors as it is specially secure. In order to move some money on the forex market finexo offers a leverage of 1:100 for this account. If you are already an experienced trader you should go for the classic account. Trading starts here with a minimum deposit of $500 and a leverage of again 1:100. Institutional traders and those who want to trade high volumes of money should go for an VIP account. The minimum deposit of the VIP account is $5.000. If you start getting into problems there's always a friendly 24/5 live support available – via mail, chat or phone. Finexo support is very friendly.
Finexo Software
We as forex trading experts recommend using the MT4 trading platform as it is extremely quick and reliable. If you don’t like downloading external software on your pc you can go for the finexo webtrader and trade via browser. Advantage: You can open and close positions with your mobile phone, your pda or from any internet café in the world as you don’t depend on a software or a special PC. Even the webtrader is extremely quick.
Fees and commissions
In contrast to other forex or cfd brokers finexo is free of commissions and/or trading fees for trading options, stocks, futures and certificates. You just have to pay a tight spread.
Advantages of Finexo
- low minimum deposit
- high security
- No software necessary
- 50 currency pairs
- three different accounts
- regulated and observed by CySEC, FSA, BaFin, CNMV, CONSOB and AFM
Finexo at a glance
 |
 |
| MT4-Broker |  |
| Regulation | FSA, BaFin, CySEC |
| Min. deposit | 25 $ |
| Leverage | 1:200 |
| Spread EUR/USD | 2 pips |
| Commodities | Gold, Silver, Oil, Wheat and many more |
| Currency Pairs | 50 |
| Webtrader | Yes |
| Software | MT4, Mobile Trader, Autotrader |
| Demo account | Yes, free for 20 days |
At a glance
Deposit: 25 $
Leverage: 1:200
Spread: 2 pips
Currencies: 50
Commodities: Gold, Silver, Oil, Stocks, Indices and many more
Account: Market Maker
Webtrader: Yes
Software: MT4, Mobile Trader, Autotrader
Demo account: Yes, 20 days