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FINEX TRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://account.trading-space.com/signup, about the company's legal and temporary regulatory information, the company's address .

FINEX TRADE Forex Broker

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FINEX TRADE

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GENERAL INFORMATION Finex Trade is a Forex broker that was blacklisted by the UK financial watchdog FCA. An official warning being issued by a financial regulator is the ultimate proof that a certain broker is a scam and you should avoid it. Apart from the warning itself there are many other red flags that we managed to detect while doing this review, which undoubtedly prove that Finex Trade is a fraud. Find out everything you need to know about this Forex broker in the full Finex Trade review. Finex Trade presents itself as an FCA regulated Forex broker which is run by FINEX CAPITAL MANAGEMENT LLP and acting on behalf of its parent companies operated by FINEX Ltd. But upon searched through the register of FCA and instead of a license the result found was a warning, stating that Finex Trade is a clone firm. Clone firms are abusing the names of a genuine firm, its registration numbers, reference numbers or other legal details linked with the authorized company. In this way the scammers are trying to mislead the people and trick them into believing that they are dealing with a legit Forex broker. Therefore Your funds are in danger if you make a deposit with Finex Trade, its an unlicensed, unauthorized and unregulated, proven to be a scam Forex broker, which should be avoided. Report to WikiFX immediately if some of their representatives contact you, offering products and services. There are bonuses, however, offered by Finex Trade, starting from 10% on the deposit. The bonuses and similar to them trading incentives are banned in Britain, which once again proves that Finex Trade is a scam Forex broker, trying to defraud the traders. ACCOUNT AND LEVERAGE The broker offers five account types for traders to select with, starting with Basic account with minimum deposit of $250 and spreads floating of 2.0, then Siocer account with minimum deposit of $1000 and spread floating at 1.1. Then Gold account type with minimum deposit of $5000 and floating spread of 0.8-1.2. Platinum account with minimum deposit of $10000 and and a floating spread of around 0.6-1.2. And then the last account type which is diamond with minimum deposit of about $25000 and 0.4-1.2. Even though based on the reviews from others, it shows that those spreads highlighted on their website are fake. The leverage is said to be of up to 1:500, which undeniably proves that Finex Trade has nothing to do with FCA regulation, because the British watchdog has capped the maximum leverage that can be offered by the licensed Forex brokers at 1:30, as a customer protection measure. TRADING INSTRUMENTS The available Trading instruments on offered by this broker includes :forex, commodities, indices, and stocks. TRADING PLATFORM Finex Trade does not offer Metatrader4 or Metatrader5 accounts to the traders, instead they are providing the customers with some web-based platform having a strange address- web.trading-space.com. It is a red flag itself, because you are being redirected to some totally unknown page that hasnt been mentioned anywhere on their web-page. Demo trading is possible, however, which is probably the only positive thing that we can say about this Forex broker. DEPOSIT AND WITHDRAWAL METHOD The minimum deposit is said to be $250, and the funding methods are supposed to be Credit/Debit cards, wire transfers and Bitcoin. We cannot confirm that these payment systems are available, however, because we were unable to visit their website. Definitely a major red flag, its yet another proof that Finex Trade is a scam. No minimum withdrawal amount and no withdrawal fees known, which is a red flag. No dormant account policy and no fees for inactivity known, which is a red flag. CUSTOMER SERVICE Although All of the other contact information that the broker has provided matches perfectly with the one in the warning as well, but the said the that clients can reach them through those phone numbers and emails. provided. Email: support@finex-trade.com Telephone: 02080899986
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Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
FINEX CAPITAL MANAGEMENT LLP
Abbreviation
FINEX TRADE
Company employee
--
Customer Service Email Address
support@finex-trade.com
Company Website
How to login to FINEX TRADE?
finex trade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a finex trade Account Registering for a finex trade account is the first step toward engaging in trading activities on this platform. Below are the detailed steps to successfully register your account: Accessing the Registration Page: Visit the official finex trade website. Look for the "Sign Up" or "Register" button prominently displayed on the homepage. Insert screenshot of registration page here. Filling in Required Information: Enter your personal details, including your first name, last name, email address, and phone number. Create a strong password that meets the platform's security requirements. Email/Phone Verification: After submitting your information, check your email for a verification link. Click on it to confirm your email address. Alternatively, you may receive a verification code via SMS. Enter this code on the registration page to validate your phone number. Identity Verification (if required): Depending on your region and the regulatory requirements, you may need to upload a government-issued ID (like a passport or driver's license) for verification. This step is crucial for compliance with financial regulations. Registration Confirmation: Once your details are verified, you will receive a confirmation message indicating that your registration is successful. You may also receive an email confirming your new account. Common Registration Issues and Solutions Verification Email Not Received: Check your spam or promotions folder. If not found, request a new verification email. Phone Verification Issues: Ensure that the phone number entered is correct. If problems persist, try using an alternative number. Identity Verification Delays: If your identity verification takes too long, contact customer support for assistance. Regional Differences in Registration While the registration process is generally the same, certain regions may have additional requirements due to local regulations. For instance, users from Indonesia might need to provide specific documents mandated by Bappebti, the regulatory authority overseeing trading activities in the country. Part Two: finex trade Account Opening Detailed Guide Understanding Account Registration vs. Account Opening While registration is about creating your user profile on the platform, account opening refers to the process of setting up a trading account that allows you to start trading. This includes selecting account types and funding your account. Preparation Work Before Account Opening Before opening your account, ensure that you have all necessary documents ready, including proof of identity and any additional documentation required by finex trade. Familiarize yourself with the different account types offered to determine which best suits your trading needs. Detailed Account Opening Steps: Selecting Account Type: finex trade offers various account types, including standard and Islamic (swap-free) accounts. Choose one that aligns with your trading strategy. Submitting Required Documents: Upload necessary documents for identity verification. This typically includes a government-issued ID and proof of address (like a utility bill). Account Review Process: After submitting your documents, the finex trade team will review them. This process usually takes a few hours but can extend to 1-2 business days depending on the volume of applications. Account Activation: Once approved, you will receive an email confirming that your account is active. Initial Setup: Log into your account and set up your trading preferences, including leverage, currency options, and risk management settings. Frequently Asked Questions About Account Opening How long does the account opening process take? Generally, the account can be opened within a few hours, but verification may take longer depending on the documentation provided. Can I open a demo account? Yes, finex trade offers demo accounts for practice before trading with real funds. Next Steps After Opening an Account Once your account is active, consider funding it to start trading. Familiarize yourself with the trading platform, and take advantage of educational resources provided by finex trade to enhance your trading skills. Part Three: finex trade Login Process Explained Basic Web Login Process Accessing your finex trade account is straightforward. Follow these steps: Visit the Login Page: Go to the finex trade website and click on the "Login" button usually located at the top right corner. Enter Your Credentials: Input your registered email address and password in the respective fields. Two-Factor Authentication (if enabled): If you have set up two-factor authentication, enter the code sent to your mobile device. Click on the Login Button: Once all details are filled in, click the "Login" button to access your account. Access Your Dashboard: After successfully logging in, you will be directed to your trading dashboard, where you can view your account balance, open positions, and market analytics. Mobile App Login Process If you prefer trading on the go, you can log into the finex trade mobile app: Open the app and navigate to the login screen. Enter your email and password, and complete any two-factor authentication if set up. Tap "Login" to access your account. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password" link on the login page to reset your password via email. Account Lockout: After multiple failed login attempts, your account may be temporarily locked. Contact support to regain access. Technical Issues: If experiencing technical difficulties, clear your browser cache or try a different browser. Overview of Features After Login Once logged in, you can manage your trading activities, including placing orders, tracking market trends, and accessing educational resources. The dashboard provides a comprehensive view of your trading performance and account status. Additional Sections Account Security Recommendations To secure your finex trade account, enable two-factor authentication and regularly update your password. Avoid using easily guessable passwords and always log out after trading, especially on public devices. Best Practices for Account Management Regularly review your trading strategies and account settings. Utilize the demo account feature to test new strategies without financial risk. Stay informed about market trends and educational resources provided by finex trade. How to Get Technical Support For technical issues, finex trade offers 24/7 customer support via live chat, email, and phone. Dont hesitate to reach out for assistance with registration, account opening, or login issues. By following this comprehensive guide, you can navigate the registration, account opening, and login processes for finex trade with confidence. Whether you are a beginner or an experienced trader, understanding these steps will enhance your trading experience.

Finex Trade Forex Broker - Complete Information Guide

1. Broker Overview

Finex Trade, established in 2012, is a forex and futures broker based in Indonesia. The company operates under the supervision of BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), which is Indonesia's main regulatory authority for derivative markets. The broker primarily serves retail traders, providing access to a variety of financial instruments including currency pairs, CFDs on stocks, indices, and commodities like gold and oil.

Over the years, Finex Trade has built a reputation for reliability and client-oriented services. The firm has simplified its trading conditions to cater to a diverse range of active traders, ensuring that both novice and experienced traders can find suitable trading options. The broker's operations are supported by its membership in the Jakarta Futures Exchange (JFX), the largest derivatives trading platform in Indonesia.

Finex Trade operates as a private entity and focuses on retail forex trading, offering competitive leverage and low minimum deposit requirements. The company's business model emphasizes transparency in fees and commissions, which has attracted a growing client base looking for trustworthy trading solutions.

2. Regulation and Compliance Information

Finex Trade is regulated by BAPPEBTI, but it is essential to note that this regulatory body does not provide the same level of oversight as tier-1 regulators found in other countries. The regulatory license number from BAPPEBTI is 47/BAPPEBTI/SI/04/2013, indicating that the broker is authorized to operate under Indonesian law.

The broker does not participate in any investor compensation schemes, which means that client funds are not protected in the event of insolvency. Furthermore, Finex Trade has implemented KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to ensure the security and legitimacy of its operations. However, the lack of a tier-1 regulatory framework raises potential risks for investors.

3. Trading Products and Services

Finex Trade offers a diverse range of trading products, including:

  • Forex Currency Pairs: The broker provides access to 27 currency pairs, including major, minor, and exotic pairs.
  • CFDs: Clients can trade CFDs on international company stocks, major stock indices, and commodities such as gold, silver, and WTI crude oil.
  • Special Products: While the variety of instruments may not be as extensive as some competitors, the focus remains on high-demand financial products.

The broker regularly updates its product offerings to meet market demands, ensuring that clients have access to the most relevant trading instruments. Finex Trade primarily targets retail traders, but it also provides services suitable for institutional clients, thereby expanding its market reach.

4. Trading Platforms and Technology

Finex Trade utilizes the MetaTrader 5 (MT5) platform, which is known for its advanced trading features and user-friendly interface. The platform supports algorithmic trading, allowing traders to use expert advisors and automated trading systems effectively.

Additionally, Finex Trade offers a web-based trading platform that is accessible from various devices, including desktops and mobile devices (iOS and Android). The broker does not provide MetaTrader 4, as it focuses on the more advanced MT5 platform.

The execution model employed by Finex Trade is primarily market-making, which allows for quick order processing and competitive spreads. The broker's technical infrastructure includes robust servers located in Indonesia, ensuring low latency and fast execution speeds.

5. Account Types and Trading Conditions

Finex Trade offers several account types catering to different trading needs:

  • Standard Account: Requires a minimum deposit of $10 with floating spreads starting from 0.5 pips and a commission of $1 per lot.
  • Islamic Account: A swap-free option available for traders who require compliance with Islamic finance principles.
  • Demo Account: Allows traders to practice their strategies with virtual funds of $5,000, simulating real market conditions.

The leverage offered by Finex Trade can go up to 1:500 for forex and metals, while other asset classes may have lower leverage limits. The minimum trade size is 0.01 lots, and the broker has a margin call level set at 50% with a stop-out level at 20%.

6. Fund Management

Finex Trade supports various deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • Bitcoin

The minimum deposit requirement varies by account type, with a standard account requiring only $10. Deposits are processed quickly, typically within 20 minutes, and there are no fees associated with deposits or withdrawals.

Withdrawals are processed to the original funding source, and there are no known limits on daily withdrawals. The processing time for withdrawals generally ranges from 1 to 2 hours, ensuring that clients have timely access to their funds.

7. Customer Support and Educational Resources

Finex Trade provides customer support through multiple channels, including:

  • Email
  • Phone
  • Live Chat
  • Social Media

Support is available 24/7, with a focus on local language assistance. The broker also offers educational resources such as webinars, tutorials, and market analysis to help traders improve their skills and knowledge.

The educational materials cover various topics, from basic trading principles to advanced strategies, catering to both novice and experienced traders. Additionally, Finex Trade provides market analysis services, offering daily insights and research reports to keep clients informed.

8. Regional Coverage and Restrictions

Finex Trade primarily serves clients in Indonesia and surrounding regions. The broker has a local presence with offices in South Jakarta, ensuring that it can cater to the needs of its clients effectively. However, it does not accept clients from certain countries due to regulatory restrictions.

The broker's services are tailored to meet the needs of Indonesian traders, providing a familiar and accessible trading environment. While the focus is on the local market, Finex Trade aims to expand its reach to other regions as it grows its operations.

In conclusion, Finex Trade broker offers a range of trading products and services tailored to retail and institutional clients. While it is regulated by BAPPEBTI, potential investors should remain cautious due to the lack of tier-1 regulatory oversight. The broker's competitive trading conditions, user-friendly platform, and educational resources make it a viable option for traders seeking to enter the forex and CFD markets.

Latest Reviews

YOYO8674

YOYO8674

United Kingdom

FINEX TRADE's website is closed, friends, so don't waste your time here.

37130

2023-02-22

丁头岗

丁头岗

Colombia

I see this company has sold their domain name, that's why you won't get anything wasting your time and energy here.

37130

2023-02-14

FINEX TRADE Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.17, Software Index 4.00 Risk Control Index 0.00.
FINEX TRADE