Fin FX Review

MIN. DEPOSIT $100
Up to 400:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information FinFX is one of the well-known international brokers, and it’s a brand owned and operated by Best Choice FBC Ltd. There are a total of two websites under… more

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Details

BrokerFin FX
Website URLhttps://www.finfx.com/
HeadquartersLimassol, Cyprus
Support Number +357 25 72 2436
Support Emailinfo@finfx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Finnish
Minimum 1st Deposit$100
Minimum Trade Amount0.01-0.1 lots
BonusNo
PayoutUp to 400:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC
Account TypesMicro, ECN, ECN Pro, Signal Trader
Deposit MethodsVisa, Visa Electron, MasterCard, JCB, Diners Club, Skrill, Wire Transfer
Withdrawal MethodsVisa, Visa Electron, MasterCard, JCB, Diners Club, Skrill, Wire Transfer
Types of AssetsForex, Metals
Account CurrencyEUR, USD, GBP, CHF
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

FinFX is one of the well-known international brokers, and it’s a brand owned and operated by Best Choice FBC Ltd. There are a total of two websites under its supervision – finfx.com and finfx.fl. The online broker is registered as a Cyprus Investment Firm under license number 234/14. All activities of the company are regulated by the Cyprus Securities and Exchange Commission aka CySEC. Also, both domains are operated strictly under the jurisdiction of MiFID of the EU.

 

When it comes to reliable and trustworthy partners on the financial markets, well, FinFX is a great choice for all recreational traders. The broker is currently serving more than 120 different countries around the world. FinFX uses the world’s largest banks to handle efficiently transfers for its customers. Over the years, the company gained confidence and extensive reputation to quickly became one of the leading international Forex markets. FinFX is still developing at a steady pace and reports that their client database is growing on a daily basis. In addition to the well-organized infrastructure of the online broker, there is a great advance in their technological capabilities over the years, which offers every customer an amazing user experience and functionality.

 

Betting Information

FinFX is surely an amazing choice for beginning traders and experienced ones as well. There are various currency pairs available for all the major ones included. The company offers real-time market trading options and employs the STP-model. There are regular price feeds from prime banks and constant flow of information. At the moment the maximum leverage is set to 1:200 and some of the raw spreads start from 0.0 pips. Additionally, all kinds of EAs, scalping and hedging strategies can be freely used without any restrictions. However, the FIFO rule is not applicable. Those who like to test the broker first can easily open a demo account and enjoy some free trading while exploring the options. There is a margin call, which is set at 150% and stop out at 100% at this time. It’s a good news for novice traders, who need additional protection.

 

Trading Platforms

FinFX has an extensive range of trading platforms offered to the public. Of course, the most popular forex software is presented. Meta Trader 4 is available to every registered trader with enhanced functionality and the finest user-friendly interface. The same platform is also operational for iOS and Android users on their mobile devices. MT4 version of FinFX is equipped with additional tools, indicators, and gadgets to help the customers with their day to day trading routine.

 

It is not all when it comes to trading platforms. Another great software is also available for every dedicated client of the broker – it’s called Signal Trader. The platform is an excellent choice for inexperienced traders who want to learn from the best in the branch. Signal Trader monitors the trading activity of the top performers and mirrors their actions for in your favor.

 

Security and Customer Services

FinFX servers are located in New York and according to the company’s representatives, they are very well secured. The broker’s systems and infrastructure are protected and secured by Symantec (the company behind Norton). Also, the website of FinFX employs SSL encryption over every connection. It’s verified by GeoTrust EV SSL CA – G4.

 

When we talk about security, we can’t miss the customer services as well. FinFX is a very dedicated broker when it comes to good and reliable support. Traders can easily contact any representative via live chat, email or phone. The customer care service is ready to assist anyone 24/5. The physical address of the company is 73 Agias Zonis, 3rd floor, Limassol 3090, Cyprus. Apart of the contact methods, FinFX has a well-designed FAQ system that answers most of the questions that clients might have. You should browse it before any contacts; it can save you some valuable time.

 

Deposits and Withdraws

FinFX supports various currencies as well as some of the most popular payment options. Feel free to explore all of them in the table. Unfortunately, there are fees applied to all of the transaction methods. From 3.5% to 3.9% charge is deducted from the deposited amount for credit and debit card payments, as well as small. The transactions are processed by Skrill, but the method itself is not the same as the Skrill payment option. This option, however, has similar fees. Wire transfers are charged by the third parties.

 

Withdraws are processed with a special request that every client sends regarding the desired transaction method. Using the Wire Transfer process, every client provide details that are listed in the withdraw section of FinFX’s website. Also, there is a fixed charge of €25 for EUR currency or €30 for all others. Withdraws with Skrill require less information, but the withdrawal fee is set to 1%, and it’s not recommended for any large sums. Take note that other third party fees may apply and FinFX is not responsible for them.

 

Deposit Bonus and Loyalty Programs

FinFX offers its customers various promotions from time to time, but you have to keep checking their website. At this time, we are not aware of any active hot deals, but we can share some of the past ones to give you an example.

 

From time to time FinFX launch cashback promotions on deposits for Skrill users. There are also Customer Satisfaction Surveys every year with a huge money reward for all participants. Also, clients can enjoy various contests on demo accounts for a given period – some of the previous ones were Scalper Contest and Top Trader Contest. From time to time, clients can also take advantage of numerous cashback bonuses on their day to day trading activities.

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