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Introduction of Finotec Trading

FINEXO Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-07-19 17:36

Abstract:FINEXO is a trademark name operated by Leadcapital Markets Ltd, a Cyprus registered online forex and CFD brokerage firm, currently regulated by CySEC in Cyprus, holding its full license authorized by it, regulatory number: 227/14. FINEXO is regulated by CySEC, but after field exploration, it is known that its real office address inconsistent with the registered address, so investors should pay attention to prevent risk.

  General Information & Regulation

  FINEXO is a trademark name operated by Leadcapital Markets Ltd, a Cyprus registered online forex and CFD brokerage firm, currently regulated by CySEC in Cyprus, holding its full license authorized by it, regulatory number: 227/14. FINEXO do not establish accounts to residents of certain jurisdictions including Japan, Canada and USA.

  Markets Instruments

  FINEXO platform to provide financial trading assets covers foreign exchange, stocks, indices, cryptocurrencies, commodities, bonds, exchange-traded funds.

  Minimum Deposit

  There are four different types of CFD trading accounts available on the FINEXO platform: Silver (minimum initial deposit of $100), Gold (minimum initial deposit of $10,000), Platinum (minimum initial deposit of $50,000), and Exclusive (minimum initial deposit of $100,000). Objectively speaking, the opening amount required for FINEXO's Gold, Platinum, and exclusive accounts is too high, and investors should be aware of the risks involved.

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  FINEXO Leverage

  When it comes to trading leverage, the maximum trading leverage is 1:30 for major currency pairs, 1:20 for minor pairs, stock 1:5, indices 1:20, Gold 1:20, commodities other than Gold 1:10, bonds 1:5, and ETFs 1:5.

  Spreads & Commissions

  Spreads and commissions vary depending on various trading accounts. Silver accounts offer a spread of 0.6 pips on Gold, 1.9 pips on EURUSD, 1.9 pips on USDJPY, and 5 pips on DJ30. Gold accounts offer a spread of 1.5 pips on EURUSD, 0.56 pips on Gold, 1.5 pips on GBPUSD, and 4.5 pips on DJ30. Platinum accounts offer a spread of 1.2 pips on EURUSD and 0.5 pips on Gold, and the spread of DJ30 is 4.0 pips. The spread of Gold in the exclusive account is 0.4 pips, EURUSD 1 pips, GBPUSD 1 pip, and the spread of the DJ30 index is 3 pips.

  Trading Platforms

  FINEXO provides traders with two trading platform options, WebTrader (online trading platform) and MT4 trading platform. MT4 trading platform has powerful charting tools, a large number of built-in technical indicators, and supports traders to create their own trading strategies.

  Trading Tools

  FINEXO provides clients with some useful trading tools, such as the Economic Calendar, which shows scheduled economic events and their expected impacts on the financial markets.

  Deposit & Withdrawal

  FINEXO accepts traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Maestro, Skrill, Neteller, and other payment methods.

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  Customer Support

  FINEXO customer support team is available to give instant responses to traders' inquiries through telephone, email, and Live Chat. FINEXO's website is also available in 9 different languages.

Related broker

Unverified
FINEXO
Company name:Trade Capital Markets (TCM) Limited
Score
1.58
Website:https://www.finexo.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.58

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