Compare FXOpen Vs Finex: Which is the Better Forex Broker in 2024?
FXOpen Vs Finex, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXOpen Vs Finex, here is the direct comparison:
Feature | FXOpen | Finex |
General Rating |
2.86/5 |
1.00/5 |
|
Score | 73 | 38 | |
Trustpilot |
4.2/5 12 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2003 | 2012 | |
💲 Min Deposit | $1 | $10 | |
⚖ Max Leverage | 1:500 | 1:500 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $1.50 | $1 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | Bank Transfer (Indonesian local banks - BCA, CIMB Niaga, Mandiri and BNI) | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish | Indonesia |
🚪 Trade Now | Open FXOpen | Open Finex |
Testimonials
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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See More FXOpen Testimonials
News
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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Automated EA and Indicator Script Now Available in FXOpen
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FXOpen Releases New Exotic Currency Pairs on its Platform
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FXOpen Reduces the Minimum Size of Index CFDs
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FXOpen Books the Most Innovative Awards from Traders Union
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FXOpen Approves Zero Commission on Index CFDs
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FXOpen Adds TradingView to its Charting Platform
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FXOpen Launches Trading Contest for Pro Traders
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FXOpen Releases Weekly Video Series with COO Gary Thomson
Articles
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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How to Open Account in FXOpen
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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What Can We Learn from Bitfinex Hack Story?
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXOpen provides their pricing with Variable spread while Finex offers Variable spread.
FXOpen vs Finex: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FXOpen enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Finex provides trading with MetaTrader 5 with the support of Trailing stop.
Is FXOpen or Finex better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FXOpen supports trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies, while Finex presents the ability of trading with Forex, Gold, Oil, Indices, Stocks.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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