Forex trader: Finexo Broker Review
Forex Trader ยป Finexo Broker Review
Finexo claims to have a superior, award winning Forex trading platform that clearly separates them from everyone else. The platform offers ease of use for the user in a comfortable and straightforward environment.
Is Finexos platform really so good that they are on a higher level than other brokers? Is their web-based platform really that easy to understand? Read on for our Finexo review and see for yourself.
Finexo Company info
Finexo is based in Dusseldorf, Germany with a full-service office in Shanghai, Germany. Established in 2003 by a group of highly experienced professionals, they aspired to bring average investors and novices to the Forex market.
They are a White Label partner of Saxo Bank, one of the formidable leaders in currency trading and under the auspices of the Danish Financial Supervisory Authority.
Consumer Feedback, Reviews, Complaints and Comments
Finexos customers are impressed with the simplicity of the platform as well as the knowledge and attentiveness that the customer service people have. They also commend the daily Forex reviews as being insightful, accurate and most important, understandable.
Cons: The comments came from investors who are relative newcomers to the Forex market.
What service does Finexo offer?
Finexo provides the following online trading services:
- Minimum deposit: $25 (starter account)
- Spreads on major currencies: 2-4 pips
- No commissions
- A wide array of trading tools including a variety of SMS alerts
- 24 hour customer support
- Support Chat and an instant messaging system
- Award winning trading platform that offers a clean and neat environment with chart and graph options and excellent usability.
- Sites in English, Spanish, French, German, Arabic, Chinese, Indonesian, Russian, Dutch, Japanese, Portuguese, Hebrew, Hungarian and Turkish)
- Payment options: accepts bank wire, credit card, Neteller, MoneyBookers, PayPal and Liberty Reserve.
The Verdict
Finexo offers a highly functional and understandable Forex platform. They are a good place for experienced traders and a great place for investors looking to learn more about the Forex at their own pace and in a live setting.
They really charge nothing over the competitive spreads. No commissions, no trading fees etc. They have excellent customer service response time and provide good market information.
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