With cutting-edge technology, lightning-fast execution, and a wide range of trading instruments, Finex empowers you to seize every opportunity in the dynamic world of forex. Say goodbye to old-fashioned brokers and embrace a platform that is designed to cater to your unique trading needs. Whether you're a seasoned pro or just starting out, Finex offers a user-friendly interface, comprehensive educational resources, and personalized support to help you confidently navigate the markets. Lets get to know more from this Finex review.
Finex Broker Overview
Finex gives you really good conditions for trading different instruments like forex, indices, and commodities. Besides, they also offer ways to measure market performance. Finex is an Indonesian forex broker and has been around since 2012. And they are watched over by BAPPEBTI (Commodity Futures Trading Regulatory Agency). So, it means that Finex really cares about keeping your money safe, and the company follows strict rules to show that they're honest and dependable.
Finex has earned enough attention in the financial world, and they have won some special awards showing how much they care about doing a great job. One award they got is for doing the most trading, which shows they are really good at what they do. Also, because they follow the rules and do things in an honest way, they were ranked as the 3rd best broker in the Indonesian regulatory authority BAPPEBTI. This makes people trust the broker and understand that they are responsible. But it's not just about trading - they also help others learn about trading through a special education feature. This shows how much they care about helping others get better at trading. These awards show that Finex always tries to come up with new and better ideas, be honest, and help the financial industry get even better.
Finex Review 2023 Quick Summary
|🖥 Platforms||TradingView, MetaTrader 4, MetaTrader 5, WebTrader, BlackBull CopyTrader, BlackBull Shares, BlackBull Trade, and we are just about to announce cTrader launch.|
|📉 Instruments||MetaTrader 5|
|💳 Minimum Deposit||$10|
|💰 Deposit Methods||Bank transfer|
|🎢 Maximum Leverage||Up to 1:500|
|☎ Customer Support||24/7|
Why Choose Finex?
While each Finex user may have their own reason to choose it, we have found three valid reasons to choose as a go-to forex broker for any trader. They are-
Finex makes sure to keep 70% of their customer’s money in a really safe place called PT. KBI (Indonesian Futures Clearing House). The government in Indonesia promises that this place is secure. The other 30% of the money is kept in another safe account at a bank that follows the rules in Indonesia. This makes sure your money is protected and watched over carefully.
Renowned for its exceptional brokerage services, Finex has garnered a reputation as a premier choice, distinguished by its remarkably swift order execution process. Impressively, a staggering 99.57% of all orders placed were executed in under a single second, underscoring Finex’s commitment to seamless and rapid trading experiences.
The expeditious nature of financial operations is a hallmark of Finex’s platform. Typically, the process of funding a client’s personal account balance is completed in a mere 15 minutes, a testament to our dedication to efficiency and providing clients with prompt access to their financial resources.
Finex uses a really popular tool called MetaTrader 5 because lots of traders like it all around the world. This tool has many helpful things like indicators and expert advisors, which are great for all kinds of traders.
At Finex, inclusivity and flexibility are paramount. They extend the privilege of hedging to all traders and provide accounts with swap-free options, catering specifically to valued Muslim clients, ensuring alignment with their beliefs.
Furthermore, their commitment to empowering traders is evident through their policy of not imposing restrictions on the maximum count of open orders and pending orders for the clients. This liberating approach highlights the broker’s dedication to facilitating trading strategies without unnecessary limitations.
Finex Review: Markets Offered
Finex, the esteemed forex broker, offers a diverse array of market instruments to empower traders. The broker’s offerings encompass a wide spectrum of financial instruments, including major and minor currency pairs, metals & energy, indexes, and shares. This comprehensive selection equips traders with the tools they need to navigate and capitalize on the dynamic global financial markets.
Forex and Commodities
Finex provides 27 forex pairs and three Metals & Energy. The metal & energy include Silver, Gold, and Crude Oil.
When people trade gold and silver in the markets through Finex, it helps them make their trading collection different and protects them from not knowing what might happen in the economy. This is called hedging. They can trade these metals when things are changing a lot, the economy is not stable, or there are problems between countries. Some precious metals, like gold, are thought to be really safe to invest in during uncertain times.
Trading crude oil can help make money when the prices of energy around the world go up and down. This happens when there are problems between countries, issues with getting enough oil, or when people need a lot more or less oil. Crude oil is valuable because it’s easy to turn into money; many people trade it, and its price can change a lot, which could mean good profits.
At Finex, you can trade crude oil to make your collection of traded goods more diverse. There’s a type of oil called WTI that a lot of traders like because it helps them see how much oil costs, and it’s clear to understand.
Finex offers seven Index trading for all levels of traders, which includes Dow Jones Germany Titans 30, Hong Kong 50, Japan 225, FTSE 100, Nasdaq 100, US30, and US500. When people trade indices, they get to be a part of many different stocks that show how a whole market or a specific group of companies is doing. This helps them spread out their investments and lowers the chance of losing a lot if one company falls badly.
At Finex, you can trade indices with good conditions and leverage, which means you can use a little money to make potentially bigger profits. Index trading is great because you can be a part of markets all around the world, easily turn things into money, and make money whether markets go up or down.
When people trade stocks from different countries, like the US and other places, they can make money when the prices of those stocks go up and down. This can happen when companies announce how much money they’ve made, share important news, or when big things happen in the market that change stock prices.
Trading stocks is good because it’s easy to turn stocks into money, you can use different ways to trade, you can make your investments more diverse, and there are lots of chances to make money. At Finex, you can trade 41 stocks.
Finex Account Type
Unlike other brokers, Finex provides only one type of account for all types of traders. Let’s discover the special features that Finex forex broker offers to make your trading experience better. Finex helps you trade confidently with different levels of borrowing power, like 1:500 for forex and metals and 1:100 for stocks. You can trade at a cost as low as 0.5 pips, and they charge a small fee of just $1 for each lot you trade. You can start trading with only $10, and even with a small amount, you can trade a little bit (0.01 lots).
They have different trading assets you can trade - 78 in total, including forex, gold, energy, and stocks. You can use MetaTrader 5 or their easy-to-use Finex Trading App to trade. If you want to change US dollars to Indonesian rupiah, the Finex forex account calculates it as $1 for Rp10,000.
If you want to follow your Islamic beliefs, they have an option for Islamic accounts. You can trade up to 50 lots at a time and have a maximum of 200 different assets you’re trading. In addition to that, they also make sure to keep you safe by paying attention to risks. If your available money gets to only half of what you borrowed, they will notify you. And if it gets really low, at 20%, Finex will stop your trading, so you don’t lose too much. At Finex, we give you everything you need to be a successful trader.
How to Open a Finex Trading Account?
To start a real account with Finex, click the “Open real & demo account” button on the Finex website. After that, You’ll get the registration page. Fill in a short form if you want to sign up with your email, or you can use your social network account to join Finex.
Next, you’ll see a page for your account settings. If you agree to the rules, you can click the “Open account” button. This will open a demo account and a real account at the same time. Once your real account is checked and verified, you can begin trading.
How to Open a Finex Demo Account?
At Finex, when you open a real account, a demo account is also created at the same time. If you want to trade using the demo account, click the “Open real & demo account” button on the website and finish signing up.
Once you’re registered, you’ll have two accounts. If you’re not ready to trade with real money yet, you can stick to using the demo account. It has the same features as the real account. You can add more virtual money to your balance and practice trading as much as you want.
Finex Trading Platform
Finex offers its service via the MetaTrader 5 platform, which you can use via smart phone and laptop from anywhere. Finex introduced the latest MT5 trading platform, which has the fastest execution time in the forex market. When you use MT5 on Finex, you can trade with leverage up to 1:500, and you won’t face any requotes.
Get ready to experience the amazing power of Finex’s MetaTrader 5 platform. It’s a really advanced tool that makes trading even better. You’ll get special help from Expert Advisors (EA) and lots of MT5 indicators that help you make smart decisions. You can also use more than 38 built-in tools to understand the market better and make good trades.
You can do different types of orders that go beyond what you could do with MT4. This helps you trade the way you want. You can choose different timeframes, like 2 minutes or even 8 to 12 hours, to match how you trade. You can also trade really quickly with just one click.
If you know the MQL5 language, you can make the tool work just the way you like. The platform is really safe, and your trading information is always kept safe. You can look at different timeframes at the same time, and you won’t miss important money events because there’s a calendar built in.
Whether you’re using your computer or a mobile device, you can use our platform wherever you are. It’s easy to control your trades anytime and anywhere. Finex’s MetaTrader 5 is a mix of new ideas and easy-to-use tools that make trading super special.
Finex Review: How to Use MT5 in Finex?
To begin, install MT5 by downloading the file from the MetaTrader 5 website. Once it’s downloaded, find the file on your computer and double-click it. Follow the instructions to install it, and when it’s done, you’ll see a new icon on your desktop. Double-click that icon to start using MetaTrader 5.
Before you start trading, put money into your Finex account. You can do this by going to the “Finance” section on the Finex website and choosing the “Deposit” option. Pick the way you want to deposit money. Once the payment is confirmed, use your Finex account details to log into MT5. You can find your login, password, and server details on your Finex account by clicking “Details” next to your chosen trading account. To practice trading without real money, you can use a Demo account.
When you’re ready to trade, right-click on the instrument you want to trade on the left side of the screen. You can choose to see its chart or make a new trade. The platform has many features you can explore, like alerts and tools to make your own indicators and robots. You can also use advanced trading features. These simple steps will help you use Finex’s MetaTrader 5 platform for your trading adventures.
Start Forex Trading in Finex
Step 1: Start by Opening a Trading Account
To create a trading account with Finex, click the “Open real & demo account” button above this section on the page. Then, follow the easy steps to complete the registration.
With Finex, you have two options for trading: you can use the MetaTrader 5 platform or the Finex Trading App. If you choose MetaTrader 5, you can only open an account for it on the Finex website. You can manage your MetaTrader account and money through the Finex web Personal Area or the Finex Trading App. If you prefer trading in the app, you’ll need a special account in the Finex Trading App.
After registering, you’ll have two accounts: a demo account and a real account. The demo account is created automatically along with the real account. You can start trading on the demo account right away. If you want to trade with real money, you’ll need to complete the verification process (see the next step).
Step 2: Verify Your Account
Once you’ve opened a real account and want to trade with real money, you need to verify it. Click the “Verify account” button. Fill out the form, upload your document, and submit it for approval. Usually, the verification process takes around 30 minutes, but please note that we do this verification during business days.
Step 3: Add Money to Your Account
You can deposit money either in the Personal Area on the Finex website or in the Finex Trading App.
Finex Review: Deposit and Withdrawal
You can deposit and take out as much money as you want using popular Indonesian banks such as BCA, CIMB NIAGA, mandiri, and BNI. The broker and payment system won’t charge you any extra fees. Deposit and withdrawal are quick, simple, and safe through these banking channels.
You can deposit funds through the Finex web Personal Area or the Finex Trading App, even for your MetaTrader account. Just remember that the smallest amount you can deposit is $10. You’re free to deposit money whenever you want. However, they handle deposits all day and night, every day (although it might take longer during holidays and weekends). Normally, deposits get processed in about 15 minutes. But remember, the time might change depending on the bank or payment service you’re using.
At Finex, if you have a verified account, you can take money out and move it to the personal account you’ve already registered. You can withdraw as little as $1. When it comes to taking money out (withdrawals), you can do that from Monday to Friday, 24 hours a day. Just note that withdrawals won’t work on public holidays.
Finex Review: Education
Finex provides different ways for traders to learn about trading:
Finex arranges in-person seminars led by experts in the field. These seminars cover lots of topics like analyzing markets, managing risk, trading plans, and understanding how people think in markets. Traders can meet these experts, ask them questions, and get advice from their experience.
Apart from seminars, Finex also offers webinars. These are online classes that traders from around the world can join. They talk about similar things as in seminars, and it’s easy because you can learn from experts without leaving your home. Webinars might show live examples, look at markets in real time, and let you ask questions.
For traders who like quick and simple lessons, Finex has short videos. These videos talk about specific topics in a quick and easy way. You can watch them whenever you want, so you can learn at your own pace.
Finex wants to help traders make smart decisions. They give lots of ways to learn – from in-person talks to online webinars and quick videos. They make sure that traders have different choices for learning, whether they like talking to experts, online classes, or fast videos.
Finex Forex Trading News
Reliable Indonesian broker Finex makes sure to give all the important details to their clients every day. They share the newest info about trading currencies, metals, and CFDs. Their main goals are to keep things safe, be quick, and make things easy for the traders.
Finex forex broker is a trustworthy and dependable platform that’s great for all kinds of traders. It’s easy to use, has lots of instruments you can trade, and the prices are competitive. Finex makes trading really smooth. They care a lot about keeping your information safe and following the rules. They also help you learn with a bunch of resources, and if you need help, they’re quick to answer.
Whether you’re just starting or you know a lot about trading, Finex forex broker has what you need to do well in forex trading.