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No Regulation
Score
1.47 /10
Danger
XFINANCES
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.70
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2025-01-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| XFINANCES Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Commodities, Indices and Cryptocurrencies |
| Demo Account | Available |
| Leverage | 1:500 |
| Spread | 1.6-1.9 pips |
| Trading Platform | MT4 |
| Min Deposit | N/A |
| Customer Support | Phone: +448938906785 |
| Email: contact@xfinances.com | |
| Address：173 Latchmere Road, London, United Kingdom, SW112JZ | |
XFINANCES Information
XFINANCES is the trading name of FINEX GROUP LTD, a UK registered Forex broker that offers clients a wide range of tradable financial instruments with leverage up to 1:500 and a floating spread of 1.6 points on MT4 and web-based trading platforms through four different real account types.
Pros and Cons
| Pros | Cons |
| Demo accounts available | Unregulated Status |
| MT4 supported | Website inaccessible |
Is XFINANCES Legit?
XFINANCESis unregulated right now.
What Can I Trade on XFINANCESr?
XFINANCE offers traders services to trade Forex, Stocks, Commodities, Indices and Cryptocurrencies.
| Tradable Instruments | Supported |
| Commodities | ✔ |
| Stocks | ✔ |
| Forex | ✔ |
| Crypto currencies | ✔ |
| Indices | ✔ |
| bonds | ❌ |
| Binary Options | ❌ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
XFINANCES offers 4 types of trading accounts, Professional, Micro and Gold, EUR or USD, based on two currencies USD and EUR.
Leverage
The default leverage provided by XFINANCES is 1:100, but you can request that it be changed to 1:500 on the client side.
XFINANCES Fees
The EUR/USD spread for XFINANCES is around 1.6-1.9 points
Trading Platform
MetaTrader4 is a popular one chosen by XFINANCES to serve clients.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader4 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
XFINANCES only offers credit/debit cards, bank transfers, e-wallets, such as Skrill and Neteller, and a digital currency platform Uphold as payment methods.
The deposit and withdrawal fees are a little high. Credit/debit card deposits are 3.75% + $0.50, Neteller 3-3.5%, Skrill 2.5%, and stand at $15. Withdrawal fees are $10 for credit cards, $15 for bank cards, €35 for European SEPA bank transfers and €50 for Global SWIFT.
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