Finexey-Overview of Minimum Deposit, Spreads & Leverage

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

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

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.

Account Type

Leverage

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

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

Trading Platform

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

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.