Finex Review
💲 Min Deposit $10
⌛ Year Established 2012
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website finex.co.id
🌎 Country
⚖ Max Leverage 1:500
📖 Free Education
Bonus
Webinar
🕋 Islamic Account
📁 Segregated accounts
Low spread eur/usd
Finex is a well-established broker since 2012. Finex has a headquarter in Indonesia. Finex to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by Bappebti.
Finex is a regulated forex broker from Indonesia operating under PT Finex Bisnis Solusi Futures. Since 2012, they have been providing the best environment to trade forex, commodities, and indices under the authority of BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) for Indonesian traders.
Comfort, Speed, and Safety are their 3 main principles when it comes to providing the best service.
With the world-renowned MetaTrader 5 and its reliable expert advisors, Finex allows traders to utilize any strategy in the market. Hedging and no-swap trading for Muslim traders are among them. They also don't limit maximum orders and pending orders for clients.
Finex is notable as one of the best in order executions. The broker processes 99.57% of all orders in less than 1 second.
More importantly, all funds transactions are managed instantly, where account funding for each client would take no longer than 15 minutes.
70% of client funds are stored in PT. KBI ((Kliring Berjangka Indonesia or Indonesian Clearing House), a government agency in Indonesia. The rest 30% is deposited into a segregated bank account that is monitored by the Indonesian regulatory institution, BAPPEBTI.
Finex has received numerous awards for their long-standing commitment to the trading industry. Some of these are rewards for achievements in processing the biggest trading lot in a certain period of time by JFX (Jakarta Futures Exchange), third place in the most compliant broker by Bappebti, and their precious contributions to trading education in Futures Trading Learning Center by JFX & KBI.
Account Information
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Finex is up to 1: 500. Meanwhile, you can open an account with a starting capital of $10.
Finex broker used to offer several types of accounts. But refreshments in the current years have led them to simplify their service into one-account-for-all.
With this kind of brand-new focus, Finex improves their support with various competitive edges, starting by lowering their minimum trade size from 0.1 to 0.01 lot, downsizing their spreads to 0.5 pips, and accepting a minimum deposit of $10.
Min Deposit
$10
Max Leverage
1:500
Spread
Variable
Commission
$1
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
Margin Call 50%
Stop Out 20%
📉 Scalping
🤖 Expert Advisors
⚡ Automated trading
⏱ Trailing Stop
💱 Hedging
💸 Commission $1
Finex trading fees start from $1 per lot. This applies to all available instruments and can go even lower for stocks ($0.1). Here is how the broker charges spreads and commissions in some of their assets:
| Instruments | Tick Sizes | 🔢General Spreads | 💸Fees | ⛔Stop Levels | 💰Contract Sizes |
| EUR/USD | 0.00001 | 0.00005 | $1 | 0 | 100,000 |
| XAU/USD | 0.01 | 0.14 | $1 | 10 | 100 |
| XTI/USD | 0.01 | 0.032 | $1 | 10 | 1000 |
| HK50 (Hong Kong 50) | 1 | 7.4 | $1 | 15 | 5 |
| #AAPL (Apple Inc) | 0.01 | 33 | $0.1 | 0 | 1 |
Instruments Traded
Besides lots of currency pair, Finex also offers some instruments you would like to trade on, such as Forex, Gold, Oil, Indices and Stocks for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Finex supports a total of 78 trading instruments, all with low spreads and speedy executions. Their various assets are described as follows:
- 27 forex pairs (majors and crosses)
- 3 commodities (metals and energy)
- 7 indices
- 41 stocks
As for Standard account, Finex specifically provides it with the following instruments and leverage:
Payment Methods
With Finex broker, Indonesian traders can enjoy deposits and withdrawals for free without limits. There are 4 optional bank accounts to choose from:
| 🏦Banks | 💲Account Currency | 👛Commissions | ⏬Deposits | ⏫Withdrawals |
 |
USD | 0% | From $10, processed within 1 minute 24/7 | From $1, 80% of all requests are processed within 20 minutes up to 2 working hours. |
 |
USD | 0% | From $10, processed within 1 minute 24/7 | From $1, 80% of all requests are processed within 20 minutes up to 2 working hours. |
 |
USD | 0% | From $10, processed within 1 minute 24/7 | From $1, 80% of all requests are processed within 20 minutes up to 2 working hours. |
 |
USD | 0% | From $10, processed within 1 minute 24/7 | From $1, 80% of all requests are processed within 20 minutes up to 2 working hours. |
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Finex offers you MetaTrader 5.
Trading activities in Finex broker are performed on the world-famous MetaTrader 5. In this broker, the MetaTrader platform is accessible via multiple devices such as Windows desktops, Web browsers, as well as Android and iOS mobiles.
For the desktop version, the requirement systems are as follows:
| Operation System | Microsoft Windows 2008/7/8/10 or above |
| Processor | Intel Pentium 4, AMD Athlon 64 or above |
| RAM | 256 Mb or above |
| Storage capacity | Minimum 50 Mb |
Finex MT5 also comes with these advantages:
- All possible trading operations
- More types of orders than MT4, including but not limited to stop limit, stop loss limit, and fill-or-kill
- One-click trading on the chart
- Guaranteed data reserves
- Compatible with touch screens and mobile devices
- 38+ built-in technical indicators for analysis
- Flexible time frames down to a 2-minute chart
- MQL5 support for individual adjustments.
- Advanced user interface in a night mode.
Education and Research
Finex broker not only provides profitable trading conditions but also plays an active role in advancing public knowledge about trading. This broker is often involved in educational programs organized by the Indonesian government as well as holds regular webinars to guide clients in live trading sessions or market analysis.
Finex also has a special educational section on their web for video tutorials which contain various guides for beginners. For traders who want to get the latest information on the forex market, Finex has provided a special blog that regularly displays expert analysis and research. There are also articles about trading tips and strategies which can be valuable reading material for traders who are still in the learning stage.
Customer Support
Do you have any question or find any trouble related to Finex? If you do, you should reach Finex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Finex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Finex is a good broker for you or not by reviewing the criteria. In general, Finex provides trading service in Forex , Gold , Oil , Indices and Stocks . As for the payment methods, you can choose between Bank Transfer (Indonesian local banks - BCA, CIMB Niaga, Mandiri and BNI). The customer support is available via Live chat, Email, Web form, Phone calls, WhatsApp, Fax and Office support.
The starting capital in Finex is $$10.
Finex is regulated by Bappebti. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Finex is a brokerage company offering trading services for clients since 2012 with offices in Indonesia.
