Finexo Review

Finexo were founded in 2003 and the headquarters are based in Nicosia, Cyprus. Since March 10th, 2010, Finexo has been operated by SafeCap Investments Limited who is regulated by CySEC and MiFID.

Finexo provide multiple trading platforms including MetaTrader 4, MobileTraders and Finexo AutoTrader. It is user friendly and offer one-click trading and trailing stops. Phone orders are accepted.

Customer support is available 24 hours a day through live chat as well as by phone and email and available in English, Spanish, German, French, Russian and Arabic.

Finexo accept a number of payment methods including Visa, MasterCard and Diners Club credit and debit cards, wire transfers, Webmoney and have some local payment options available. Withdrawals can be made to a bank account via wire transfer or to a credit card only if it was used to fund the account.

Finexo generally offer bonuses on initial deposits with conditions attached linking it to the volume of trade. Other bonuses or promotions may be offered from time to time.

- $100 minimum required to open an account

- Free demo account available

- Competitive spreads

- Automated trading is allowed

- Mobile trading available

- Withdrawing funds is limited to credit card and wire transfer and can be slow

- Scalping is not allowed

- No mobile alerts available

- Does not accept US based traders

Finexo provide some tools to help traders and provide some education material for new traders, but both areas could be improved. Overall, Finexo offer a solid trading platform where both new traders and experienced traders can have confidence in its reliability.