Finexey Forex Broker

Note: Finexey's official website - https://finexey.com is currently inaccessible normally.Finexey Review SummaryFounded/Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex currency pairs, indices, cryptocurrencies, commodities, and sharesDemo Account/LeverageUp to 1:400SpreadFrom 1.5 pips (Classic account)Trading PlatformWeb-basedMin Deposit$250Customer SupportTel: + 44-775-5597-299Email: Support@Finexey.ComAddress: Suite 305, Griffith Corporate Centre, P,O, Box 1510, Beachmont, Kingstown, Saint Vincent and the Grendines Finexey was registered in Saint Vincent and the Grenadines. It mainly focuses on forex currency pairs, indices, cryptocurrencies, commodities, and shares markets. The minimum deposit is $250, and the leverage can be up to 1:400. However, this comapny is not regulated, which means potential risks still exist.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteMultiple account typesLack of regulationFlexible leverage ratiosNo MT4 or MT5No commissionsHigh minimum depositLimited payment optionsWithdrawal fee chargedLong withdrawal processing timeInactivity fee chargedIs Finexey Legit? No, it is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Please note the potential risks.What Can I Trade on Finexey? Finexey provides several types of products, including forex currency pairs, indices, cryptocurrencies, commodities, and shares.Tradable Instruments Supported Forex Currency Pairs✔Indices✔Cryptocurrencies✔Commodities✔Shares✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositBasic$250Silver$1,500Gold$5,000Leverage Traders holding different account types can experience quite different maximum leverage ratios.Account TypeMax LeverageBasic1:100Silver1:200Gold1:400 Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.Spread and CommissionAccount TypeSpreadCommissionBasicFrom 1.5 pips❌SilverFrom 1.2 pips❌GoldFrom 0.8 pips❌Trading Platform Finexey uses a web-based trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Finexey supports payments via cryptocurrencies and wire transfers. The processing time of withdrawals is within 3 days, and it seems that a commission of 20% is charged.Fees Finexey also takes an inactivity fee. If you did not log in and trade from your account within 3 months, your account will be charged an inactivity fee of 10% monthly.