Finex Forex Broker Review and Rating 2024. Detailed Finex information with traders reviews for 21 November 2024

	Finex
Voting Rating	Finex does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Status	Closed
Regulation
Trading software	Meta Trader 4
Headquartered

Finex forex broker was established in 2006 to provide trading services mainly on The Financial Futures and Options Division of the New York Cotton Exchange (NYCE). Broker finex offers trading most FINEX contracts and some other trading assets including shares, futures, precious metals and CFDs. The company offers its customers trading on its proprietary trading platform which is called Finex trader, the web version of the software is also available. The company is not regulated by any major financial regulators and works under a local license of Finex bank.

Finex forex offers medium comfortable trading conditions including minimum deposits starting from $500 and variable spreads ranging from 2 to 6 for major currency crosses. The minimum position size at the broker is 0.01 lot. The trading accounts can be opened in such currencies as Euro, Dollar and British Pound. The depositing and withdrawal is allowed via PayPal, Neteller,WebMoney and several other payment systems.

On the company’s profile page you can leave a review of your personal trading experience with the broker as long as you can read the reviews posted by other traders.

Editorial office note: the company does no longer provides its services as long as it was liquidated.

Finex Trading Information 2024

Digits after the dot in quotes	4
Minimum position size	0.01
Pip spread on majors	1-3
Maximum Leverage	500:1
Standard account, $	100
Mini account, $	100
Popular payment methods	Credit Cards, Wire Transfer, WebMoney
Account currencies	USD, EUR, JPY, GBP
Languages	English
Platforms	MetaTrader 4
Regulation	not regulated
Foundation	2006

Finex Traders' Reviews

Nikki 23 Dec 2023

So my experience with this scammish company was a horrific ordeal. I was preyed upon by a male that goes by ***. After weeks of turning his offer down to invest with Finex I took the bate and i vested $200. He said the $200 would give me an earning of $1755 in a week. I thought it was kind of strange that he gave such a detailed amount, but my dumb self was smitten right before Christmas. He then went on to say, a day or so after I sent the $200, that I need to pay $155 for the withdrawal fee. For days I refused to pay anymore money and I requested to get my $200 back. A day before the bogus withdrawal was supposed to happened he said he had $50 in his online wallet that he would put towards the withdrawal fee. I said okay maybe he is legit and I sent the remainder of the money. Mind you there are also fees attached to sending this money to a wallet like $20-$30 fees on top of the money you need to invest. So he kept saying I would be able to withdraw my earnings the next day by the end of trade time. Long story short. I then get an email stating that my withdrawal was ready and I needed to deposit $523 as the 20 percent fee from the earnings and the money would be available for immediate withdrawal. Bottom line is I wasnt giving another dime. I don’t believe for one second that this money would have been released. Do not send a penny to this company or to this guy! They are scammers.

Alana 10 Oct 2023

I got sucked into trading with finex share when I was talking to a guy I met on a dating site for a month then convinced me to invest into the company he worked for. Finex kept on asking for more money to trade at a higher level and when I asked to withdraw my agent wanted 15% of my total profit - not even the amount I wanted to withdraw. Then send me the wrong address to transfer my money out then more money from tracing fee. Withdrawal ended up back into my trading account. Then more money as I was almost on level 4. Then another commission $3k then down to $1k fee to finally withdraw my money. Now my account will be dormant until I pay the fee to withdraw. Even messaged the director.. they apologise for the agents misleading information but still couldn't do anything about withdrawing my money without this $1k commission- even when I told them I didn't have any money left. Total scammers.

Thembisa 13 Sep 2023

Finex left me with nothing. They keep on asking for more money. On the third time of depositing money, they said I'm one step aeard. Then I deposited till I left with zero balance in my account. Don't go for this scam.

Chantal 10 Jun 2022

Totally agree with the first comments of March 2, 2022 and September 3, 2021, I too was a victim of this company which may have been on top in 2007, but has certainly fallen into the hands of scammers. And on top of that the manager of my account makes it worse by kissing me on the phone and sending me smileys with little hearts on WathsApp when I ask him to close my account and transfer the balance to my bank account!

Vaibhav 2 Mar 2022

Finex is fake and scammer company don’t trust them, you will end up with loss of your hard earned money. First they request to start with 100 dollar account then keep asking to add more and more dollars by committing profits and withdrawal to your account. But profit and withdrawals never going to happen and you will end up with loss and only loss of your hard earned money.

Dipak Prajapati 3 Sep 2021

Worth experience. My account manager by finex team and we are added fund 2 time but account is Zero. I have not earned a single penny or not a withdraw any single time. Not respond properly and not receive call. Just tell to add more money for earn more money but still your account is going in minus. I have lost my all money. I have not to suggest anyone. Please beware of this type of company.

Maxx 3 Mar 2016

Gosh! Haven't heard of them for ages. I had a trading account with them several years ago when they still worked. No I see that they have closed and I'm not a little bit surprised as it was one of the most substandard brokers I had the chance to trade with during my life.

Wald 13 Oct 2007

I'm a customer of Finex and have been very happy. FInex is not going bankrupt and not being shut down. They are being acquired by a bank in Germany.

Perfect Example 11 Oct 2007

See this is the perfect example of a scam broker just like Admiral Markets and others offering the worthless metatrader system. Finex went bankrupt. Congrats Martin S and franco, you should have worked on your buisiness instead of messing around on forums and posting lies, thats what you get.

Jack 10 Oct 2007

I am looking forward to the new bank partnership with Finex. I have been treated fairly by Finex in the past now I will get further security of a bank. Finex promises to continue managing the automated system dealing so that my execution will not change.

Dom 5 Oct 2007

Finex is temporarly shut down. The swiss banking authority (sfbc) is shutting down brokerage after brokerage (globex, tradex, finex,etc.) for no real reason. Although i have never traded at Finex i mostly heard good things about them so this gets me very concernd about swiss brokerages in general!

Flary 5 Oct 2007

I am not sure at all... )))

suisse trader 4 Oct 2007

Finex is partnering with Bank and they will offer more products, I am looking forward . They are oing to bit Saxo Ya------hoo!!!!!!!!!!!!!!!!!!!!!!!!!

Reality Show 22 Aug 2007

Friday I was trading with Finex and guess what, they had great execution, no increasing margin level, like in Saxo, I closed my account at Saxo and moved to Finex. I will stay here a little bit. I am getting got live support service. They earn good reputation because of good job they are doing.

Wallter 7 Aug 2007

I like their ultra fast execution, never had with other brokers. Also I like that they don't requote. Sometimes I will try to close my position and will get offqoute and next second I will try again and I will get even 1 or 2 pip on my favor. It does explain that they are running automatic

Johnny 15 Jul 2007

Finex is ok by most standards, but certainly not perfect. Once you get used to them you won't really mind their high spread.

J12 4 Jul 2007

I am 50 years old guy, and don't work in Finex. I have got 300 pip slipped from odl once and 80 from ifx and saxo removed my profitable trades. That is why I appreciate how finex works. u bucket will understand it later

bucket 4 Jul 2007

Ok samuel, I was saying the market moved 6 pips and I was slipped 6 pips, perfect example of a market maker who was scared to lose some money....60 dollars, imagine how small the place is based on that, if they cant afford to make a tiny payout, I got my money out last week. Oh and J12 why dont you just put in your direct line at the sals desk so anyone who gets excited by your comment can open an account with you? lol

J12 3 Jul 2007

I have been trading with them almost 3 month and must say they are great, keep it that way !!! Thumbs up!!!

jack 22 Jun 2007

I agree with samuel. you cant expect fills like a demo in real account if you do then I would suspect a true bucketshop. I cant comment on ACM or Duka. I only traded cbfx, gain capital, cms, interbankfx, ifx and finex. I dont trade mini, only standard account.

All Finex Reviews

#	Forex Broker	Status	Reviews	Type	Regulation	Leverage	Account
1	HFM	Trusted	264 Reviews and comments	Broker	CySEC, FCA, DFS...	2000:1	$1
2	FXCC	Trusted	247 Reviews and comments	ECN, STP	CySEC, SVG	500:1	$1
3	FxPro	Trusted	950 Reviews and comments	Broker, NDD	CySEC, FCA, FSC...	500:1	$100
4	FBS	Trusted	523 Reviews and comments	Broker	IFSC, ASIC, FSC...	3000:1	$1000
5	Vantage		35 Reviews and comments	Broker	VFSC, ASIC, FCA...	1000:1	$200
6	XM	Trusted	358 Reviews and comments	Broker	ASIC, CySEC, FS...	1000:1	$5
7	FP Markets		33 Reviews and comments	ECN, STP, DMA	ASIC, CySEC, FS...	500:1	$100
8	AMarkets	Trusted	51 Reviews and comments	Broker	MISA, FSA, FSC,...	3000:1	$100
9	Octa		362 Reviews and comments	Broker	CySec, MISA, FS...	1000:1	$25
10	Errante	Trusted	4 Reviews and comments	DMA, ECN, MM	CySEC, FSA	500:1	$50
11	IronFX		251 Reviews and comments	MM, ECN, STP	FCA, FSCA	30:1	$50
12	T4Trade		87 Reviews and comments	ECN, STP, MM	Seychelles FSA	1000:1	$50
13	Exness		657 Reviews and comments	MM, NDD	FSA, CySEC , FC...	2000:1	$1
14	Just2Trade		105 Reviews and comments	Broker	CySEC, NFA, FIN...	500:1	$100
15	MarketRocks	Newcomer	46 Reviews and comments	MM	n/a	400:1	$2500
16	PowerStox		125 Reviews and comments	MM	n/a	400:1	$2500
17	FXNovus		17 Reviews and comments	Broker	FSCA	400:1	$250
18	Moneta Markets	Trusted	5 Reviews and comments	STP	Financial Secto...	1000:1	$50
19	Nixse		207 Reviews and comments	ECN	n/a	400:1	$15000
20	Fxcess	Newcomer	0 Reviews and comments	MM, ECN, STP	N/A	1000:1	$10

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Finex Review and Information 2024

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