Finexo Currency Trader Platform Review
finexo
Score: 3 / 10
Our recommendation: avoid

Finexo Trader Sign Up Bonus
$2000 FREE

Summary
Avoid. Finexo has been in the forex broker business since 2003, and is essentially a white label of Saxo Bank trading platform. The platform is fine, but based on our experience with the customer support team here, we wouldn´t recommend trading at Finexo. If you run in to any problems, you may struggle to get hold of anyone at the company, and for that reason, we´d shy away from this broker.Signing up is easy enough and if you load up your account by credit card you can be up and trading in 5 minutes. They also accept Paypal, MoneyBookers, Neteller, Click and Buy, Liberty Reserve, Giro Pay and wire transfer options.Finexo uses the Metatrader 4 trading platform: a  highly popular platform across novice and professional traders alike. Advanced trading tools, including 50 built-in indicators and tools designed to help up your analytical game: spot trends, and pick your market entry and exist points.

Features include one-click trading with market, limit and stop orders, and trailing stops. The charting is on the basic side, but they offer a good range of mobile phone apps. Finexo charge no commissions or fees: just a fixed spread on each trade, from 3 pips to 14 pips.

There´s a daily market email update for traders (also accessible via the web platform), but the “Forex School” content could be improved.

What’s Good What´s Not Good
  • Metatrader4 platform
  • Webtrader platform (no download)
  • Mobile trading platform
  • Easy to test with a demo account
  • One click trading option
  • Set a profit targets.
  • Set a Stop loss.
  • Set trailing stops
  • All major Forex currency pairs covered.
  • It´s hard to get hold of anyone at Finexo, whether by phone, email, hand written letter or loud hailer. We have even tried smoke signals, but to no avail. The lights are on, but there is nobody at home, as the phrase goes.
  • Withdrawal process very secure but can be bureaucratic.
  • Forex School content not that extensive.
Review
Gearing 200
Regulator Finexo is owned by SafeCap Investments Limited, which is licensed and regulated by the Cyprus Securities and Exchange Commission.SafeCap is licensed and regulated under the Markets in Financial Instruments Directive (MiFID), an EU law that provides regulation for investment services across the 30 member-states of the EU.
Address, telephone Finexo
Treppides Tower, 6th Floor
Kafkasou 9, Aglantzia
P.O.Box 26522
CY 2112, Nicosia, CyprusTel.: +49-211-687887-0
Fax: +49-211-687887-22