General Information
Registered in Saint Vincent and the Grenadines, Finnex Markets is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Metals, Oil, Indices through the advanced MT5 trading platform. With the Finnex Markets platform, investors have the flexibility to choose from four trading accounts, with the minimum deposit to start trading at $100.
Finnex Markets does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.
Market Instruments
With the Finnex Markets platform, investors can get access to diversified range of trading instruments, such as forex trading, CFD trading, Metals Trading, Commodities, Futures, Oil Trading.
Account Types
Finnex Markets provides four trading accounts for both retail and professional clients: Micro, Mini, Prime, Luxury, and Islamic accounts.
The Micro account asks for an initial deposit of $100 to $999, which is high in comparison to its peers requirements for this types of account. The other three trading accounts requires much higher, with the Mini account from $1,000 to $4,999, the Prime account from $5,000 to $24,999, the Luxury account from $25,000.
Trading with an unregulated forex broker asking so much initial deposit seems like taking a huge risk of losing your money.
There is the option of a live trading account, but beginners can also use a demo account to gain a feel for the platform and practice their trading skills without risking any real money.
How to open an account with Finnex Markets？
Opening an account with Finnex Markets is a hassle-free process, with a few steps to follow:
1. Click the CREATE ACCOUNT link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Fund your account and start to trade with this forex broker.
Leverage
When it comes to leverage, Finnex Markets permits traders to use leverage of up to 1:500, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
As leverage can also cause serious fund losses, we recommend that you trade with a smaller ratio until you get more experience.
Spreads & Commissions
Spreads and commissions are tied to account types. Basically, the more account balance you hold, the lower spreads you can obtain. Finnex Markets, however does not specify its spread on any given instrument.
Trading Platform
Finnex Markets offers its clients access to the industry-leading MT5 trading platform, featuring the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.
Educational Resources
Aside from trading platform, Finnex Markets also provides some educational resources to help traders quickly acquaint themselves with forex trading, which include Glossary, Introduction to Forex, Technical Analysis, Fundamental Analysis, and more.
Customer Support
The Finnex Markets customer support can be available 24 x 5. For any questions or concerns they may have about their accounts or their trading can reach out to Finnex Markets through the following methods:
Telephone: +44 20 7331 7325
Email: info@finnexmarkets.com, support@finnexmarkets.com
Registered Company Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent & Grenadines
Or you can follow this brokerage house on some social media platforms, such as Facebook, Twitter, Pinterest, etc.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
2022-12-08 10:57
