Finexo Review 2021
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| Finexo is a multi-asset online broker regulated by the CySEC. | ||
Finexo is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds. Finexo allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Finexo has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
Finexo also gives traders access to 4 cryptocurrencies: BTC, LTC, ETH and DASH.
Finexo is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Finexo Summary
Finexo is a multi-asset online broker regulated by the CySEC.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
Trade online CFDs across multiple markets with up to 1:30 leverage.
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 2 |
| GBPUSD Spread | 3 |
| Oil Spread | 0.05 |
| Stocks Spread | Vairable |
Forex Trading
Trade major, minor and exotic FX pairs.
| GBPUSD Spread | 3 |
|---|---|
| EURUSD Spread | 3 |
| EURGBP Spread | 4 |
| Assets | 55+ |
Cryptocurrency Trading
Go long and short on cryptocurrency coins.
| Spread | Variable |
|---|---|
| Coins | BTC, LTC, ETH, DASH |
Payment Methods
Finexo accepts the following payment methods:
- Neteller
- Skrill
- Visa
FAQ
Is Finexo Safe?
In our review we gave Finexo a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Finexo is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Finexo Accept PayPal?
No, Finexo does not accept PayPal payments.
Is Finexo Halal?
Yes, Finexo does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Finexo support?
Finexo only supports the MetaTrader 4 trading platform at this time.
Is Finexo Regulated?
Yes, Finexo is regulated by CySEC.
The fact that Finexo is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
Finexo vs Other Brokers
If you want to compare Finexo with other brokers, use the detailed comparisons below.
- Finexo vs Binary.com
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- Finexo vs eToro
- Finexo vs FortFS
- Finexo vs Freetrade
- Finexo vs IFC Markets
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- HQBroker vs Finexo
- StormGain vs Finexo
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| Finexo is a multi-asset online broker regulated by the CySEC. | ||