FinFX Review

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Company Overview

FinFX is a Direct Market Access (DMA) and Electronic Communications Network (ECN) commodities broker that is widely known for its international trading services which it offers to its clientele. It is operated by Best Choice FBC Ltd, which is a regulated by CySec. FinFX is a relative newcomer in the online trading business but is steadily growing its clientele, which highlights the fact that it is one of the most promising trading outlets available to online traders.

Trading Platform

The trading platform offered by FinFX is the reliable MetaTrader 4. It is available to everyone free of charge and offers traders real-time trading data for all currency pairs. MetaTrader 4 is highly popular in the online trading community because of its user-friendly interface, reliability, and effectiveness. It meets the demands of professional traders and builds an efficient online trading environment.

Another reason for the popularity of MetaTrader 4 is that it offers mobile applications, which allow traders to track and trade on the go with their iOS, Windows Phone, and Android devices.

For the purpose of automated mirror trading, FinFX offers its users Signal Trader, which allows them to create their own portfolio based on the online trading history of Signal Trader that is updated in real time. A minimum deposit of 2,000 USD is required, but a leverage ranging from 1:1 up to 1:400 makes it worth looking into as far as new traders are concerned.

FinFX offers 3 account types to its users. For beginners and clients who require smaller trade sizes, FinFX offers the Micro account, which requires a minimum deposit of 100 EUR/USD/CHF/GBP and offers a pricing of 5 decimals. Leverage ranges from 1:1 to 1:200, which makes the micro account very lucrative to new traders. For the more experienced traders, FinFX offers the ECN account, which requires a minimum deposit of 1,000 EUR/USD/CHF/GBP and offers a leverage from 1:1 up to 1:100. The ECN account is best suited for currency traders who may use scalping strategies in the near future.

For the fastest market executions, FinFX offers the ECN Pro account that requires a minimum deposit of 10,000 EUR/USD/CHF/GBP but allows traders to extend their accounts with no slippage limit. Coupled with the fact that ECN Pro accounts are located on a separate server which is right next to FinFX’s liquidity provider’s servers, this further reduces transaction execution times.

Features

  • Minimum deposits ranging from 100 to 10,000 EUR/USD/CHF/GBP
  • Minimum spread ranging from 0 pips to 1.6 pips
  • Reliable servers based in New York
  • Mobile trading
  • Profitable leverage ranges (up to 1:400)
  • Trade size increment of 0.01 lots
  • A margin call of 150%
  • Stop out at 100%

Customer Support

FinFX knows the importance of customer satisfaction, which is why it offers customer support in English and Finnish. Traders can phone, fax, email or mail their complaints and queries to FinFX’s Cyprus headquarters. Moreover, it follows a mandatory reply policy, which dictates that it has to acknowledge a client’s complaint within 5 working days.

Conclusion

While one can’t deny that the lack of customer support in other languages is a drawback, FinFX’s excellent online trading platform coupled with profitable leverage rates more than makes up for it. It continues to gradually grow its clientele by never compromising customer satisfaction.

Office website: https://finfx.com/

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