Introduction
Finexro.com is a broker that claims to offer multiple trading platforms and a wide range of assets for trading. The website also provides some basic information on forex trading and has an FAQ section. However, there is no information about the company behind the broker, which is a red flag. In this Finexro review, we will take a look at the pros and cons of this broker to see if it is worth your time and money.
What is Finexro?
Finexro is an online broker that offers a trading platform for forex and CFDs. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Finexro offers a leverage of up to 1:200 and a minimum deposit of $100. The company also offers a demo account and a mobile trading app.
How Does Finexro Work?
Finexro is an online forex and CFD broker that offers a wide range of tradable assets including currency pairs, stocks, indices, commodities, and cryptocurrencies. The company is headquartered in Nicosia, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Finexro offers three account types – Standard, Premium, and VIP – with a minimum deposit of $500 for the Standard account, $2,500 for the Premium account, and $25,000 for the VIP account. Leverage is up to 1:200 for currency pairs and 1:100 for other assets. Spreads start at 0.1 pips for EUR/USD on the Standard account.
The Finexro trading platform is available as a web-based platform or as a mobile app. The web-based platform is user-friendly and includes all the features and tools that traders need to place orders, manage their positions, and monitor their portfolios. The mobile app is available for Android and iOS devices and has all the same features as the web-based platform.
Finexro also offers a number of useful trading tools including market news and analysis from Trading Central, economic calendar, live webinars, eBooks, tutorials, and more. Customer support is available 24/5 via live chat or email.
The Pros of Finexro
Finexro is an online broker that offers its clients a wide range of financial instruments and services. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Finexro offers its clients a choice of two trading platforms: the MetaTrader 4 (MT4) platform and the Finexro WebTrader platform. The Finexro WebTrader platform is available in English, French, German, Italian, Spanish and Russian.
The main advantages of Finexro are:
-A wide range of financial instruments and services: Finexro offers its clients a wide range of forex pairs, CFDs on indices, stocks, commodities, ETFs and cryptocurrencies. The company also offers Islamic accounts and segregated accounts.
-Regulated by CySEC: Finexro is regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory body imposes strict requirements on brokers in terms of capitalization, client funds protection and accounting.
-Choice of two trading platforms: Finexro offers its clients a choice of two trading platforms: the MetaTrader 4 (MT4) platform and the Finexro WebTrader platform. The MT4 platform is one of the most popular trading platforms in the world, while the Finexro WebTrader platform is available in multiple languages.
-Leverage up to 1:500: Finexro offers leverages up to 1:500 which
The Cons of Finexro
Finexro is an online broker that offers CFD and forex trading. The company is based in Latvia and is owned by Leverate Financial Services Ltd. The broker is not regulated by any financial authority.
The main cons of Finexro are:
-The broker is not regulated by any financial authority, which means that there is no third party to protect traders’ interests.
-The company is based in Latvia, which is a relatively small country with a population of just over 2 million people. This could be a problem if you need customer support in English or if you want to meet someone from the company in person.
-There have been some complaints about the customer service of Finexro. Some traders have said that they had difficulty getting in touch with someone from the company when they needed help.
-The minimum deposit amount for a live account is $500, which is higher than the average for other brokers.
Finexro Traders Rating
Finexro.com is an online broker that offers forex and CFD trading. The company is based in Bulgaria and was founded in 2016. The broker is regulated by the Financial Supervision Commission (FSC) of Bulgaria.
The broker offers its clients a web-based trading platform as well as mobile trading apps for Android and iOS devices. The platform is available in English, German, Russian and Bulgarian.
Finexro offers a wide variety of tradable assets including currency pairs, stocks, indices, commodities and cryptocurrencies. The maximum leverage offered by the broker is 1:500 and the minimum deposit is $250.
The Finexro traders rating is 4 out of 5. This rating is based on the opinions of actual Finexro clients who have traded with the broker.
Conclusion
Finexro has been around for a while and is a popular choice for online currency trading. They offer a user-friendly platform, competitive spreads and good customer service. However, they do have some negatives such as high minimum deposit requirements and not being available to US traders. Overall, Finexro is a decent broker but there are better options out there.