Finexey-Overview of Minimum Deposit, Spreads & Leverage
Abstract：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.
Note: Finexey's official website - https://finexey.com is currently inaccessible normally.
| Finexey Review Summary | |
| Founded | / |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex currency pairs, indices, cryptocurrencies, commodities, and shares |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | From 1.5 pips (Classic account) |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Tel: + 44-775-5597-299 |
| Email: Support@Finexey.Com | |
| Address: Suite 305, Griffith Corporate Centre, P,O, Box 1510, Beachmont, Kingstown, Saint Vincent and the Grendines | |
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
| Pros | Cons |
| Diverse tradable assets | Inaccessible website |
| Multiple account types | Lack of regulation |
| Flexible leverage ratios | No MT4 or MT5 |
| No commissions | High minimum deposit |
| Limited payment options | |
| Withdrawal fee charged | |
| Long withdrawal processing time | |
| Inactivity fee charged |
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.
| Tradable Instruments | Supported |
| Forex Currency Pairs | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Basic | $250 |
| Silver | $1,500 |
| Gold | $5,000 |
Leverage
Traders holding different account types can experience quite different maximum leverage ratios.
| Account Type | Max Leverage |
| Basic | 1:100 |
| Silver | 1:200 |
| Gold | 1:400 |
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
| Account Type | Spread | Commission |
| Basic | From 1.5 pips | ❌ |
| Silver | From 1.2 pips | ❌ |
| Gold | From 0.8 pips | ❌ |
Trading Platform
Finexey uses a web-based trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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.
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