FINEXO – A Quick Review

FINEXO is well known and is a veteran who caters primarily to experienced traders because the broker demands a very large initial deposit. The broker claims to provide a unique trading platform which is different from anything available on the market.

FINEXO doesn't offer "DEMO" accounts to review the program. If you would like an opinion you will have to seek reviews from a current user. It is also possible to open "Learning accounts" for $25 which allows you to check out the platform. This broker provides spreads that are very profitable; however, these spreads are sometimes provided with a low profit margin.

The broker is regulated giving you a sense of security when trading. You can open an account quickly and easily and you will have several options to use to deposit funds. This will provide you with some flexibility. You can easily make withdrawals from accounts. The process is not really complicated. You will be required to fill out a few forms in order to verify your identity when first requesting a withdrawal. You will also be shown how much you will have to pay to transfer money during the entire withdrawal process.

"Demo Trading" – There is no "DEMO" option available. However it is possible to start trading using a subsidiary of this broker for only twenty five dollars. With this account type you will receive a level of up to 1:100. Score: 7

Initial Investment – The broker doesn't offer you the option of opening a MINI account. If you happen to decide to create a trading account with him, you will have to deposit at least $50,000. Score: 6

Withdrawals and deposits from your account – In addition to the normal process, such as bank transfers and credit card, you can also transfer money using a number of online options including Money Brokers, PayPal and more. The withdrawal and deposit procedures are very easy and quick. This applies to both deposit and withdrawal transactions.. Score: 9.8

Spread – Spreads usually range from 3 to 5 PIPS for main currency pairs. You can sometimes find a spread of 2 PIPs on Euro Dollar currency pairs. Score: 9

Stop point – You will need to ask the broker whether this is guaranteed and if it is whether or not it is applied to fixed spreads.

Leverage – Normal accounts receive a leverage of 1:200. Score: 7.5

Interest – You will want to ask the broker.

Regulation – "Saxo Bank" which a leading European trading bank. Score: 8.5

Trading Tools:

Technical support – You will have access to support service twenty four hours a day.

Articles written by professionals and online literature – daily recommendations.

Trading courses – no.

On-line tutorials for the trader – You will receive basic trading information as well an online trading terms dictionary.

Range of foreign currency pairs, commodities, indexes and shares – Fifty foreign currency pairs.

Languages – Thirteen languages are supported.

On-line trading room – none.

Personal coaching – none.

Bonuses, free gifts and other incentives – You can trade using your cell phone.

Trading platform – if you decide to work with him, you will to ask him whether you will have to install a program on a computer. It is possible to open an account for twenty five dollars to get hands on experience with the program. You can also ask someone who has used the problem before about it.

Advantages – If the broker is accurate and forthright when he claims that he provides a first rate program with no other programs like it on the market, then it would appear that the programs advantages are the flexibility offered to you. You will receive many options when it comes to withdrawals and deposits from your account, the number of currency pairs that are available to trade in. The fact that he is regulated by respected bank is a great thing.

Disadvantages – many of his advantages will not directly influence the quality trading you have. The broker provides trading tools that are far from the best. These tools will likely not help your trading any. The broker's most obvious disadvantage is the lack of a DEMO account. The large initial deposit is also a major disadvantage.

Broker's score: 8