Finexo broker Accounts

finexo Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: finexo Account Types Overview

finexo Account Types Explained

Finexo offers several types of trading accounts to cater to different trader needs and preferences. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 3 pips
• Leverage Options: Up to 200:1
• Key Features: Basic trading features suitable for beginners, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

2. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads with lower commission fees.
• Leverage Options: Up to 200:1
• Key Features: Advanced trading tools, lower spreads, and enhanced execution speed.
• Target User Profile: Experienced traders looking for better trading conditions.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

3. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips with a commission per trade.
• Leverage Options: Up to 100:1
• Key Features: Direct market access, no dealing desk intervention, suitable for high-frequency trading.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account but swap-free.
• Leverage Options: Up to 200:1
• Key Features: Complies with Sharia law, no interest charges on overnight positions.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $100,000
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 200:1
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account

Part 2: finexo Account Features Comparison

Detailed finexo Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Pro: $500

• ECN: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 200:1

• Pro: 200:1

• ECN: 100:1

• Islamic: 200:1

• Demo: 200:1

• Spreads (Typical/Minimum):

• Standard: 3 pips

• Pro: Variable, lower than Standard

• ECN: 0.1 pips (raw)

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• Pro: Lower than Standard

• ECN: Per trade commission

• Islamic: None

• Lot Size:

• Standard: 0.01 (micro)

• Pro: 0.01 (micro)

• ECN: 0.01 (micro)

• Islamic: 0.01 (micro)

• Demo: 0.01 (micro)

• Available Trading Platforms:

• All accounts support MetaTrader 4 (MT4) and WebTrader.

• Execution Type:

• Standard: Market

• Pro: Market

• ECN: ECN

• Islamic: Market

• Islamic Account Availability:

• Yes for Islamic Account.

• Swap-Free Options:

• Available for Islamic Account.

• Demo Account Features:

• Virtual balance of $100,000, same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Fixed spreads

• Suitable for beginners

• Pro Account:

• Lower trading costs

• Advanced trading features

• Flexible trading conditions

• ECN Account:

• Direct market access

• Tight spreads

• Ideal for high-frequency trading

• Islamic Account:

• Compliance with Islamic finance

• No interest charges

• Same features as Standard account

• Demo Account:

• Risk-free environment

• Practice trading strategies

• No financial loss

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• Pro Account:

• Higher minimum deposit

• Variable spreads may increase costs

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro accounts

• Demo Account:

• No emotional trading experience

• Limited to virtual funds

Part 3: finexo Account Opening Requirements

finexo Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available to residents of certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted, but not detailed in the sources.

Identity Verification Documents Needed

• Valid government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).

Additional Documentation for Professional Accounts

• May require additional financial documentation or proof of trading experience.

KYC/AML Compliance Procedures

• Finexo adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification during the account opening process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of documentation submitted.

Part 4: finexo Account Opening Process

Step-by-Step finexo Account Opening Guide

1. Visit Website and Click Registration: Go to the Finexo website and select the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, Pro, ECN, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with a user-friendly interface on both.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before submission.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: finexo Demo Account Information

finexo Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance of $100,000 for practice trading.
• Access to all trading instruments and features available in live accounts.
• Risk-free environment to test strategies and familiarize with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the Demo Account option.

Demo Account Limitations

• Limited to virtual funds; no real money is involved.
• May not fully replicate emotional trading experiences.

Virtual Balance Amount

• $100,000 virtual balance for practice.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require actual deposits and trading with real funds.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days unless extended.

Part 6: finexo Islamic Account Details

finexo Islamic Account Details

Swap-Free/Islamic Account Availability

• Finexo offers an Islamic Account that is compliant with Sharia law, allowing Muslim traders to engage in trading without incurring interest.

Eligibility Requirements

• Must be a practicing Muslim to qualify for the Islamic Account.

Differences from Standard Accounts

• Islamic Accounts do not incur swap fees for overnight positions, unlike Standard accounts.

How to Apply for Islamic Account

• Select the Islamic Account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic Accounts may have specific trading conditions that differ from Standard accounts, such as limited access to certain trading instruments.

FAQs – finexo Account Types & Opening

1. What account types does finexo offer？

• Finexo offers Standard, Pro, ECN, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Pro: $500, ECN: $1,000, Islamic: $100, Demo: $0.

1. How long does finexo account verification take？

• Verification typically takes 1-3 business days.

1. Does finexo offer demo accounts？

• Yes, Finexo offers a demo account with a virtual balance of $100,000.

1. Can I have multiple account types with finexo？

• Yes, you can open multiple account types, but you may need to contact customer support for assistance.

1. Does finexo offer Islamic/swap-free accounts？

• Yes, Finexo offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a finexo account？

• A valid government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type by contacting customer support.