Score

1.54 /10
Danger

FINEXO

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.25

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Trade Capital Markets (TCM) Limited

Company Abbreviation

FINEXO

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

WikiFX Verification

FINEXO · Company summary

General Information & Regulation

FINEXO is a trademark name operated by Leadcapital Markets Ltd, a Cyprus registered online forex and CFD brokerage firm, currently regulated by CySEC in Cyprus, holding its full license authorized by it, regulatory number: 227/14. FINEXO do not establish accounts to residents of certain jurisdictions including Japan, Canada and USA.

Markets Instruments

FINEXO platform to provide financial trading assets covers foreign exchange, stocks, indices, cryptocurrencies, commodities, bonds, exchange-traded funds.

Minimum Deposit

There are four different types of CFD trading accounts available on the FINEXO platform: Silver (minimum initial deposit of $100), Gold (minimum initial deposit of $10,000), Platinum (minimum initial deposit of $50,000), and Exclusive (minimum initial deposit of $100,000). Objectively speaking, the opening amount required for FINEXO's Gold, Platinum, and exclusive accounts is too high, and investors should be aware of the risks involved.

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FINEXO Leverage

When it comes to trading leverage, the maximum trading leverage is 1:30 for major currency pairs, 1:20 for minor pairs, stock 1:5, indices 1:20, Gold 1:20, commodities other than Gold 1:10, bonds 1:5, and ETFs 1:5.

Spreads & Commissions

Spreads and commissions vary depending on various trading accounts. Silver accounts offer a spread of 0.6 pips on Gold, 1.9 pips on EURUSD, 1.9 pips on USDJPY, and 5 pips on DJ30. Gold accounts offer a spread of 1.5 pips on EURUSD, 0.56 pips on Gold, 1.5 pips on GBPUSD, and 4.5 pips on DJ30. Platinum accounts offer a spread of 1.2 pips on EURUSD and 0.5 pips on Gold, and the spread of DJ30 is 4.0 pips. The spread of Gold in the exclusive account is 0.4 pips, EURUSD 1 pips, GBPUSD 1 pip, and the spread of the DJ30 index is 3 pips.

Trading Platforms

FINEXO provides traders with two trading platform options, WebTrader (online trading platform) and MT4 trading platform. MT4 trading platform has powerful charting tools, a large number of built-in technical indicators, and supports traders to create their own trading strategies.

Trading Tools

FINEXO provides clients with some useful trading tools, such as the Economic Calendar, which shows scheduled economic events and their expected impacts on the financial markets.

Deposit & Withdrawal

FINEXO accepts traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Maestro, Skrill, Neteller, and other payment methods.

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Customer Support

FINEXO customer support team is available to give instant responses to traders' inquiries through telephone, email, and Live Chat. FINEXO's website is also available in 9 different languages.

User Reviews

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User comment

4

Comments

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悟道33600
more than one year
An excellent platform to start trading and grow your asset. It's been a while since I started using this website, and I am impressed with the variety of products offered. It is easy-breezy to open an account and manage your account and money.
An excellent platform to start trading and grow your asset. It's been a while since I started using this website, and I am impressed with the variety of products offered. It is easy-breezy to open an account and manage your account and money.
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2023-02-23 11:46
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李志霞无限极4134
more than one year
They offer a diverse range of trading instruments, 1:30 maximum leverage for forex trading, an excellent mt4 platform, and getting started is also very easy, just 100 dollars. But their spread is not competitive as others, 1.9 pips for the benchmark EUR/USD is too wide.
They offer a diverse range of trading instruments, 1:30 maximum leverage for forex trading, an excellent mt4 platform, and getting started is also very easy, just 100 dollars. But their spread is not competitive as others, 1.9 pips for the benchmark EUR/USD is too wide.
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2022-11-25 10:06
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