Finfx forex broker

FinFX - Forex Broker information, rating, reviews.

FinFx Trading is the leading forex and commodities broker in Finland. The broker specializes in trading services for traders from all over the world. During the years of operation the company gained quite important status on the international financial markets. Since 2010 th.

FinFX trading information.

FinFX materials.

FinFX added three new features to our website that are 1) Forex pip calculator, 2) Margin calculator and 3) Profit calculator. Consequently, we decided to change the name of Analytics section to Trading Tools, as it suits better with all the new features.

Spreads are fair, not too big and not the smallest among Cyprus FX brokers. About the execution, it's clearly not the fastest but fair enough not to complain on it! Platforms are working fine and i like it. What i don't like is to receive promotions in s. To be truly honest - I think broker can offer much better conditions. Some companies in comparison offer slightly better service so I see no reason why to stay with FinFX forever. It's not leading firm in forex trading. And one more point not to consider them as your long term partner is they are not regulated by FCA or SEC/NFA. For long terms, it's not what i'm looking for.

Almost for 3 years I have been trading with FinFX. The only unpleasant thing with it is too high charge for withdrawals. Starting with micro account soon I changed it to ECN with comparatively large minimum initial deposit – 1000 EUR. Though floating spreads are the tightest here and equal to 0.0 points. The Market execution is fast and without any troubles. I’ve also tried signal platform for automated trading where signals from successful traders are used to understand their techniques. I choose those, who I want to follow, all by myself, and that is a big advantage!

So far I was not impressed on their execution of trades, delayed for about 1-2 minutes. Charts are just to unreliable, makes it very difficult to have any succesful trades. Also be aware they practices stop hunting, I've been a victim of stop hunting at least 3 times costing me some $100 dollars.

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FinFx is extremely good. I have been trading with this forex broker for two years already. Even got some profit with them and has withdrawn it. The trading conditions on the ECN accounts are very pleasant. The spread is very tight and commissions are low. Sometimes there are minor technical problems, but they are always solved quickly.

The usage of this website constitutes acceptance of the following legal information.

Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.

FinFX Reviews & Comments 2017.

Spreads are fair, not too big and not the smallest among Cyprus FX brokers. About the execution, it's clearly not the fastest but fair enough not to complain on it! Platforms are working fine and i like it. What i don't like is to receive promotions in s. To be truly honest - I think broker can offer much better conditions. Some companies in comparison offer slightly better service so I see no reason why to stay with FinFX forever. It's not leading firm in forex trading. And one more point not to consider them as your long term partner is they are not regulated by FCA or SEC/NFA. For long terms, it's not what i'm looking for.

Almost for 3 years I have been trading with FinFX. The only unpleasant thing with it is too high charge for withdrawals. Starting with micro account soon I changed it to ECN with comparatively large minimum initial deposit – 1000 EUR. Though floating spreads are the tightest here and equal to 0.0 points. The Market execution is fast and without any troubles. I’ve also tried signal platform for automated trading where signals from successful traders are used to understand their techniques. I choose those, who I want to follow, all by myself, and that is a big advantage!

So far I was not impressed on their execution of trades, delayed for about 1-2 minutes. Charts are just to unreliable, makes it very difficult to have any succesful trades. Also be aware they practices stop hunting, I've been a victim of stop hunting at least 3 times costing me some $100 dollars.

FinFx is extremely good. I have been trading with this forex broker for two years already. Even got some profit with them and has withdrawn it. The trading conditions on the ECN accounts are very pleasant. The spread is very tight and commissions are low. Sometimes there are minor technical problems, but they are always solved quickly.

This section is addressed not only to the experienced venturers who are willing to share their impressions about trading with FinFX and to check out other traders' methods and practices, but also to the forex newcomers set to make the right choice of a broker.

Of course, reading forex reviews and following other traders' opinions won't give a 100% guarantee of extremely profitable trading with any broker; however, why not learn on others' mistakes rather than on your own?

With the help of forex reviews a newcomer gets to know both strong and weak points of a broker by considering opinions of not just a few traders, but of hundreds of them. Choosing a responsible and trustworthy broker makes a good half of the successful trading.

Our team constantly monitors the level of objectiveness of the traders leaving comments and reviews on the site. We provide an opportunity of discussing any issues related to trading itself or quality of the services offered by the broker. The authors of reviews are responsible for the content they create; reviews about FinFX are somewhat an indicator of quality of their performance and a key to understanding whether the broker's conditions are acceptable for you personally.

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FinFx Trading is the leading forex and commodities broker in Finland. The broker specializes in trading services for traders from all over the world. During the years of operation the company gained quite important status on the international financial markets. Since 2010.

Regulation: CySEC, FSA.

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Doing a lot of research on this broker, I found very mixed reviews. I eventually tried it myself to test it out. So I created an account, submitted all documents and signed various agreements. T&Cs were clear, which I carefully read. I was also.

There are plenty of online brokers out there, but Admiral Markets is one those that have everything you need in one.

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My niche is futures trading, and at Gain Capital.. Since 2012 i have all kinds of problems with this broker, disconnections at crucial points, and now, 2017, a ban on charts larger than 1440 min.(forex might be next. ) Lost a lot of money because.

this broker is doing really good, seriously, many of us have a hard time choosing a good broker, after my last dilemma I was actually surprised with such service even though i have heard about them for a long time now. well done.

I have something to say about FreshForex. I have traded with freshforex for sometimes now. I've a big trading experience with various brokers and I'm really weatherbeaten. Now I'm trading here and completely satisfied with the parameters of trading.

The usage of this website constitutes acceptance of the following legal information.

Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.

FinFX reviews.

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REVIEWS & RATINGS.

4 years live with this Broker.

FinFx lost its license to trade in August 2016, 2 months later they had not been able to restore their license to trade. I was able to withdraw my funds but the process took 3 weeks and made me a bit nervous. They did answer most s \I sent with enquiries but would answer with vague responses. Their web site has been down several times and their demo account server has been unresponsive on Sundays. When or if CYSEC restores their license I do not think I will return as a customer.

England JL.

5 years live with this Broker.

They claim to be ECN but when pressed they will not say they do not keep so trades in house. They have lots of issues with slippage and offer boiler plate excuses. Stay away.

3 years live with this Broker.

I traded with them back around 2011 and was very happy with them. I am going back to trading after a 2 year hiatus and am having problems getting them to take my money. When I submitted my "origin of assets" form some snippy backoffice guy demanded I submit proof of the origin of my funds from 2011 with pay stubs. I am an anesthesiologist in my day job, so I guess treating me like a drug dealer is sort of appropriate, but not really.

Pulling the account & taking my business elsewhere. These guys used to be good, but they've really lost the spirit.

2 years with this Broker.

Very slow service and many times re-quote. Platform sign off and on frequently. very poor services.

United States, KingKiller.

1 day Live with this Broker.

The spreads in the Micro account are much too high, and the ECN account has a minimum lot size of 0.1. If your trading style requires tight spreads and small lot sizes, don't even think twice, as customer service isn't willing to work with you at all. Worst broker I have dealt with so far.

USA, Mark F.

over 5yrs Total.

demo for over 3 months with this Broker.

At the beginning quotes were timely. But now as I am about to go live I am having problems on requotes "trade context is busy". This has happened during days and slow Asian periods. This afternoon it took over an hour to close a winning trade that turned into a loser. I have been told that it is just a tempory problem demo and will not happen on a live acct. Who wants to take that kind of chance! Same thing happen during the early Asian period. I hate to say it but it seems like it is a case of good broker gone bad!

Italy, Christian D.

2 years with this Broker.

I'm a professional trader, and i work with them since the day they were born.

Reliable, precise, perfect customer service.

United State, Mark.

4 Months with this Broker.

When the 50:1 rule went into effect in US I first moved to MIG, then they stopped accepting US customers so I then found FinFx. I have been very happy with them so far after 4 months.

-Deposits usually credited almost instantly.

-I have withdrawn a substantial amount of profit via wire no problems.

-Some slippage on entry orders but I have seen it go in my favor also so its not a dishonesty thing.

-Only way to deposit via credit/debit card is through MoneyBookers which I am not a fan of. I would like to see PayPal as well or some other method.

2 Months with this Broker.

I have used them on a live account and have had no issues at all. I have used so many crooked brokers or problems with the platforms in the past and am so far please with them. I hope the service continues like its been.

Poland, sds2010.

3 months with this Broker.

Very good support, fine spreads.

3 months with this Broker.

I have experienced MT4 being "disconnected" and "off quotes" several times in the past 2 weeks. Not good when you are trying to close a trade. They have great spreads and reasonable commissions ($7/lot round trip) -- totals about 1.5 pips on EURUSD and 2.1-2.7 pips on GBPUSD. But with the recent connection issues, I'm looking for a new broker.

FinFX Review, Rating and Comparison.

RATING: 3 / 0 REVIEWS.

Trading Accounts.

FinFX offers its clients a choice of four basic account types to trade over 40 currency pairs as well as silver & gold: Micro, ECN, ECN Pro and a special account for automated mirror trading, Signal Trader. Micro lots are available for trade on the Micro and Signal Trader accounts.

In addition, this broker provides PAMM account service.

The Company. Security of Funds.

FinFX is a forex broker stemming from Finland that was acquired by Best Choice FBC ltd in 2015, an International Investment and Brokerage Company registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC). The company also operates the brokerage BCFXBroker.

CySEC applies certain rules and requirements to Cyprus Investment Firms. For instance, they must hold at least €730 000 as a proof of financial stability. In addition, the Commission requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to cover losses up to €20,000 per person, If a licensed firm goes bankrupt.

Moreover, every CySEC - regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.

Minimum Initial Deposit.

In order to open an account with FinFX, traders have to invest a minimum of $100. Such minimum initial amount is considered average; however, other Cyprus-based brokers require less. For instance, FXTM demands just $ 5 from its clients as a start.

As FinFX uses STP-model, it offers floating spreads, varying by account type. The ones on the commission-free Micro account are rather high, starting at 1.6 pips on EUR/USD. ECN accounts, on the other hand, offer competitive interbank spreads, as low as 0 pips, but involve a commission of $6/$7 round turn, as well as significantly higher initial deposits.

For purposes of comparison, XM provides variable spreads from 1 pips on majors on commission-free accounts and spreads as low as 0 pips on its Zero account (available for just 100$), where a commission of $5 per standard lot per side is charged.

The maximum leverage level offered by FinFX is 1:200, which is an average ratio. If you need higher leverage levels, many Cyprus-based brokers offer such - for example, FXTM provides leverage up to 1:1000. You may check out a list of brokers that offer leverage equal to or exceeding 1:500 here.

Nonetheless, we advise traders to be careful when trading on margin, as higher leverage involves greater risk of losses, which may even exceed the initial investments.

This broker offers its clients the standard forex market trading platform MetaTrader4 (MT4), plus Signal Trader.

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and features: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or, if they are handy with code, create their own EAs and let the program do all the work. Like most brokers, FinFX provides VPS – a virtual server that you can use for hosting your MT4 EAs, providing extra protection when trading forex. The service is free of charge for ECN Pro account holders.

Traders can also automate their trades with a great choice of free and paid Trading Signals from the MQL5 Community. It couldn’t be easier to get started, because the MQL5 is actually built-in to theMT4 trading terminal.

Signal Trader is yet another automated mirror trading solution offered to clients of FinFX. Signal Trader’s innovative auto-execution system allows users to duplicate the trades of pro traders by automatically executing the orders in their trading accounts, based on signals provided, without any further intervention.

Methods of Payment.

The following payment methods are available to FinFX clients: credit/debit, bank wire transfer and e-wallet payment systems Skrill, giropay, POLi, iDEAL, and Sofort.

Accepted currencies: EUR, USD, GBP, CHF.

FinFX is a well-regulated broker that offers online in more than 40 forex currency pairs and CFDs on precious metals through the MT4. To sum up the above, here are the advantages and drawbacks with regards to this broker:

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Slippage.

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Traders` reviews for FinFX.

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