Finexo Review 2023: Account Types, Spreads, Customer Support and Expert Analysis

Finexo Review 2023: Account Types, Spreads, Customer Support and Expert Analysis

Exploring the multifaceted offerings of Finexo, an esteemed international forex broker, provides an insight into a diverse range of assets and the cutting-edge MT4 trading platform. This comprehensive review delves into the intricate details of account types, spread dynamics, available payment methods, and the caliber of customer service, ultimately guiding you towards informed decisions regarding commencing your trading journey with Finexo.

Dissecting Finexo: Company Insights

Operated under the umbrella of Trade Capital Market (TCM) Limited, Finexo stands tall as a distinguished CFD provider headquartered in Nicosia, Cyprus. Its operations fall under the vigilant regulation of the Cyprus Securities and Exchange Commission (CySEC), ensuring a framework of trust and reliability.

Unraveling the Trading Platform: MetaTrader 4 Excellence

At the heart of Finexo’s operational prowess lies the acclaimed MetaTrader 4 (MT4), a beacon in the trading sphere, offering an array of functionalities catering to diverse skill sets:

Feature-Rich Interface

The platform boasts over 30 technical indicators, providing comprehensive analytics and insights for astute trading decisions.

Order Flexibility

With 4 distinct pending order types, traders gain unparalleled control over their positions, enabling strategic maneuvering in dynamic market conditions.

Real-Time Insights

Access to real-time quotes empowers traders with up-to-the-moment market data, crucial for swift and informed actions.

Streamlined Execution

Facilitating one-click trading, the platform simplifies the execution process, enhancing efficiency and reducing complexities.

User-Friendly Design

MT4’s intuitive and straightforward interface ensures ease of use, catering to traders across all proficiency levels.

Time Frame Versatility

Offering 9 time frames, Finexo’s MT4 accommodates diverse trading strategies, allowing flexibility in approach.

Finexo extends an array of trading opportunities, coupling a diversified asset portfolio with user-friendly platforms, catering to traders of various proficiency levels. Explore the comprehensive offerings and intricacies that shape the trading experience with Finexo.

Exploring Finexo’s Platform Diversity

MT4 and WebTrader:

Accessible and Feature-Rich

MT4 Download and WebTrader Accessibility

The MT4 platform is easily downloadable from the broker’s website, offering convenient access to its suite of features. Simultaneously, the latest generation WebTrader platform opens the gates to over 2,100 assets across forex pairs, cryptocurrencies, global exchanges, and commodities.

WebTrader Features

The WebTrader’s functionalities include:

  • Traders Trends and Trending Now: Providing insights into market trends.
  • Trading Central and Events & Trade: Offering comprehensive analytical tools.
  • Multi-chart Display Windows: Enabling simultaneous monitoring of multiple assets.
  • Secure Management Tools: Ensuring robust security measures.
  • Style and Chart Settings: Allowing personalized trading setups.
  • 24/5 Online Assistance: Providing continuous support.
  • Favourites List: Facilitating easy tracking of preferred assets.

Access and Trading Assets

Once an account is created, WebTrader becomes instantly accessible through any supported web browser, granting seamless entry into the trading environment. Finexo presents an expansive array of trading options:

  • Stocks: Over 250 stock CFDs, including notable companies like Facebook, Google, and Visa.
  • Currencies: Trading possibilities encompass over 55 major, minor, and exotic currency pairs, such as EUR/USD, EUR/GBP, and GBP/EUR.
  • Cryptocurrencies: Explore long and short positions on cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dash.
  • Indices: Trade on 26 major indices, including FTSE100, DAX40, and CAC40.
  • Commodities: Trading opportunities span hard and soft commodities, including gold, oil, and natural gas.
  • Bonds and ETFs: Options to trade on high yield bonds and over 37 Exchange Traded Funds.

Spreads, Fees, and Leverage

Spreads & Fees

Finexo’s spreads vary across assets, with major forex pairs starting at 3 pips. Indices feature spreads starting at 2 points for FTSE 100 and 1 point for S&P 500. Competitive spreads are available for different assets, for instance, 0.05 for crude oil and 0.7 for gold.

Leverage Offerings

Leverage options differ per asset class, ranging from 1:30 for major forex pairs to 1:2 for cryptocurrencies. Traders can benefit from enhanced leverage ratios with varying assets, enabling amplified trading capabilities.

Mobile Trading and Payment Methods

Mobile App Access

Finexo facilitates mobile trading via the MT4 app and WebTrader, available for iOS and Android devices. The app offers diverse chart types, built-in indicators, one-click trading, and easy access to deposits, withdrawals, and customer service.

Payment Methods

Traders can make fee-free deposits using various methods like credit/debit cards, bank transfers, Neteller, Skrill, and Multibanco. However, intermediary fees might apply. Withdrawals mirror deposit methods, with the broker refraining from charging fees, though external payment providers may impose additional charges.

Demo Accounts, Regulations, and Additional Features

Demo Account and Regulatory Insights

Finexo provides a demo account, offering a simulated trading environment with $10,000 in virtual funds. The platform adheres to regulatory standards set by the Cyprus Securities and Exchange Commission (CySEC) and the FSCA South Africa, ensuring a secure trading ecosystem.

Additional Offerings

However, one area that necessitates improvement is the lack of comprehensive educational resources and advanced trading tools, especially considering the broker's aim to cater to traders across all skill levels. Aside from the demo account, beginners might seek supplementary resources elsewhere to aid in initiating their trading journey.

Exploring Finexo's Account Offerings

At Finexo, traders encounter a spectrum of five distinct account types: Micro, Silver, Gold, Platinum, and Exclusive. Notably, these accounts exhibit a significant size disparity, ranging from $100 for the Micro to $100,000 for the Exclusive account. Correspondingly, spreads demonstrate a tightening trend, dwindling from 3 pips for EUR/USD in the Micro account to a mere 1 pip within the Exclusive tier.

Account Features Overview

While several features remain consistent across all accounts, nuances emerge as you ascend the account ladder. Notably:

  • Account Manager & Daily Analysis: These perks become accessible beyond the Micro account tier. The Gold account unlocks premium daily analysis and grants access to Trading Central, enhancing analytical capabilities.

Trading Hours and Customer Support

Trading Hours:

  • Forex Trading Hours: Spanning 24 hours a day, 5 days a week, from Sunday at 21:05 GMT to Friday at 21:00 GMT.
  • Asset-Specific Trading Hours: Vary by instrument and platform, detailed on the respective asset pages.

Customer Support:

  • Availability: Finexo's customer service remains accessible 24/5, from Sunday at 22:00 GMT to Friday at 22:00 GMT.
  • Contact Methods: Reach support via email at, phone at +35722008069 or +44 203 807 4621 (UK), or utilize the live chat on the website.

Finexo's Security Measures and Verdict

Security Measures:

  • SSL Encryption: Finexo prominently displays Secure Sockets Layer (SSL) encryption, ensuring secure data transmission.
  • Fund Segregation: Client funds are segregated from the broker's assets in separate bank accounts, assuring protection in the event of liquidation.


Despite the scarcity of educational resources, Finexo presents enticing facets like no-commission accounts, fee-free financial transactions, responsive customer service, and the commendable MT4 trading platform. Particularly suitable for traders with substantial initial deposits, the broker’s tighter spreads serve as a compelling draw.

Pros and Cons of Trading with Finexo


  • Fee-Free Deposits & Withdrawals: Simplified financial transactions without additional fees.
  • Regulatory Compliance & Transparency: Assurance through regulatory adherence.
  • Diverse Asset Range: Wide array of trading possibilities.
  • Commission-Free Trading: No commission charges enhance cost-effectiveness.


  • Limited Educational Resources: Insufficient tools for beginners’ guidance.
  • Absence of Bonuses or Promotions: Lack of promotional incentives.

Finexo Broker Details


Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.


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