Finex -Overview of Minimum Deposit, Spreads & Leverage

Registered in Saint Vincent and the Grenadines in 2012, Finex operates as a broker that offers services in Forex, Metals & Energy, Indices, and Shares. It provides three types of accounts, with a minimum deposit requirement of $10 and leverages up to 1:500. However, this broker is under an abnormal regulatory status, holding an offshore license.

Pros and Cons

Is Finex Legit?

Yes, Finex is a legitimate broker. It holds a Retail Forex License numbered 47/BAPPEBTI/SI/04/2013, issued by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), which means that it will strictly comply with the laws and regulations of Indonesia.

Regulated Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Regulated	Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI)	PT. Finex Bisnis Solusi Futures d/h PT. FINEX BERJANGKA	Retail Forex License	47/BAPPEBTI/SI/04/2013

What Can I Trade on Finex?

Finex offers a wide range of market instruments, including Forex, Metals & Energy, Indices, and Shares. Below are some detailed types of these instruments. For more information, you can visit its website.

Forex pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY...

Metal & Energy: XAG/USD, XAU/USD, XTI/USD

Indices: DE30, HK50, JP225, UK100, US100...

Share: Alcoa Inc, Apple Inc, Adobe Inc, Adidas AG, American International Group Inc...

Account Type/Leverage/Fees

Finex offers only one live account with a low minimum deposit of $10 and leverage up to 1:500. Spreads starts from 0.5 pips and commission is set at $1 per lot.

In addition, Finex provides a free demo account for you to refine your trading skills in a risk-free environment.

How to Open an Account on Finex?

To open an account on Finex, you need to enter some personal information, such as your email and phone number, and then set your passwords. After that, they will send a confirmation email to your address. You simply need to confirm your registration to complete the account opening process.

Leverage

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Finex has secured a full license from MetaTrader 5, a prominent global trading platform accessible via both PCs and mobile devices, including Android and iOS systems. With this platform, you gain instant access to a multitude of trading opportunities, allowing you to fully leverage its sophisticated features and capabilities.

Deposit and Withdrawal

Finex only accepts deposits and withdrawals through leading Indonesian banks such as BCA, CIMB Niaga, Mandiri, and BNI. While there are no commissions associated with making deposits or withdrawals, Finex has established a minimum deposit requirement of $10 and a minimum withdrawal amount of $1.