Finexey Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 16:16

Abstract：Finexey was registered in Saint Vincent and the Grenadines. It mainly focuses on forex currency pairs, indices, cryptocurrencies, commodities, and shares markets. The minimum deposit is $250, and the leverage can be up to 1:400. However, this comapny is not regulated, which means potential risks still exist.

　　Note: Finexey's official website - https://finexey.com is currently inaccessible normally.

Finexey Review Summary
Founded	/
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex currency pairs, indices, cryptocurrencies, commodities, and shares
Demo Account	/
Leverage	Up to 1:400
Spread	From 1.5 pips (Classic account)
Trading Platform	Web-based
Min Deposit	$250
Customer Support	Tel: + 44-775-5597-299
	Email: Support@Finexey.Com
	Address: Suite 305, Griffith Corporate Centre, P,O, Box 1510, Beachmont, Kingstown, Saint Vincent and the Grendines

　　Finexey was registered in Saint Vincent and the Grenadines. It mainly focuses on forex currency pairs, indices, cryptocurrencies, commodities, and shares markets. The minimum deposit is $250, and the leverage can be up to 1:400. However, this comapny is not regulated, which means potential risks still exist.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
Multiple account types	Lack of regulation
Flexible leverage ratios	No MT4 or MT5
No commissions	High minimum deposit
	Limited payment options
	Withdrawal fee charged
	Long withdrawal processing time
	Inactivity fee charged

Is Finexey Legit?

　　No, it is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Please note the potential risks.

What Can I Trade on Finexey?

　　Finexey provides several types of products, including forex currency pairs, indices, cryptocurrencies, commodities, and shares.

Tradable Instruments	Supported
Forex Currency Pairs	✔
Indices	✔
Cryptocurrencies	✔
Commodities	✔
Shares	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Basic	$250
Silver	$1,500
Gold	$5,000

Leverage

　　Traders holding different account types can experience quite different maximum leverage ratios.

Account Type	Max Leverage
Basic	1:100
Silver	1:200
Gold	1:400

　　Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spread and Commission

Account Type	Spread	Commission
Basic	From 1.5 pips	❌
Silver	From 1.2 pips	❌
Gold	From 0.8 pips	❌

Trading Platform

　　Finexey uses a web-based trading platform, and it does not support MT4 or MT5.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Finexey supports payments via cryptocurrencies and wire transfers. The processing time of withdrawals is within 3 days, and it seems that a commission of 20% is charged.

Fees

　　Finexey also takes an inactivity fee. If you did not log in and trade from your account within 3 months, your account will be charged an inactivity fee of 10% monthly.