Finex broker requires a minimum of $10 for account opening and offers maximum leverage of 1:500 to its traders. The brokerage has only 1 real account type with floating spreads starting from 0.5 pips and a $1 per lot trading commission.
Finex Broker Company Information & Regulation
Finex, founded in 2012, is a Forex broker regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), Indonesia's primary regulatory body.
The company is headquartered in Unit 3005, 30th Floor, Tower Splendor, SOHO Pancoran, Jl. Letjen MT Haryono Kav. 2–3, Tebet, South Jakarta 12810, Indonesia.
Finex Broker Key Specifics
To give you a glimpse of features and products offered by the broker, a table is provided below:
Broker | Finex |
Account Types | Standard, Demo |
Regulating Authority | BAPPEBTI |
Based Currencies | USD |
Minimum Deposit | $10 |
Deposit Methods | Bank Transfers |
Withdrawal Methods | Bank Transfers |
Minimum Order | 0.01 Lots |
Maximum Leverage | 1:500 |
Investment Options | Copy Trading via MetaTrader 5 |
Trading Platforms & Apps | MetaTrader 5 |
Markets | Forex, Stocks, Metals, Commodities, Indices |
Spread | Floating from 0.5 Pips |
Commission | $1 per Lot |
Orders Execution | Market |
Margin Call / Stop Out | 50% / 20% |
Trading Features | N/A |
Affiliate Program | Yes |
Bonus & Promotions | Periodic Offers |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Ticket, Phone, Local Office |
Customer Support Hours | 24/7 |
Account Types Overview
Finex broker does not offer a wide selection with its account offerings, providing only one real account plus a demo for practice trading. Table of Details:
Max. Leverage | 1:500 |
Min. Deposit | $10 |
Min. Order | 0.01 Lots |
Swap-free Account | Yes |
Margin Call / Stop Out | 50% / 20% |
The demo account is provided with $5,000 of virtual funds to everyone.
Finex Broker Account Opening and Verification
Getting started with this broker is a very quick process. Follow the steps below for registration:
- Visit the website and click on the "Buka Akun" button;
- Fill in the form with your email address and phone number, and set a strong password. Also, you can user a Google or Facebook account to sign up.
Now, your account is created with the brokerage. For trading on a real account, you will need to verify via confirming your phone number & email and providing additional information and documents.
Trading Platforms and Terminals
Finex has chosen to offer its clients the MetaTrader 5 (MT5) platform. This choice provides traders with a familiar and feature-rich trading environment containing analytics tools and various order options. Download/Access Links:
Spreads, Commissions, Deposit/Withdrawal Fees, and Other Costs
Finex Forex broker operates based on these parameters regarding trading costs:
- Spread: Floating from 0.5 pips
- Commission: $1 per lot
Based on our investigations, there are no other types of fees in this broker.
For calculating the estimate outcome of a trade based on commissions, use a profit/loss calculator tool.
Finex Broker Deposit & Withdrawal Methods
Our research and examination on the brokerage show that it only accepts and offers bank transfers for deposits and withdrawals made by clients.
This is a drawback since most other brokers in the industry support at least 3 funding methods.
Copy Trading & Investment Options
Finex offers copy trading functionality through the MetaTrader 5 platform, providing an opportunity for less experienced traders to benefit from the strategies of successful traders. However, there is no proprietary passive earning option provided by it.
Bonuses and Promotional Offers
Finex broker occasionally offers bonuses and promotions. However, these offers are typically periodic and subject to change. Currently, there are no bonuses available.
Finex Broker Support: Ways and Hours to Contact
The brokerage provides 5 customer service channels for its clients and other users:
- Email: customer@finex.co.id
- Phone: +62 21-5010-1569
- Live Chat: Available via the site, WhatsApp, and Telegram
- Ticket System: Through the website
- Local Office: Unit 3005, 30th Floor, Tower Splendor, SOHO Pancoran, Jl. Letjen MT Haryono Kav. 2–3, Tebet, South Jakarta 12810, Indonesia
The support team is available 24/7 through live chat options. The schedule is Monday to Friday for other contact channels.
Trust Scores and Evaluation Stats
Finex's ratings on Trustpilot and ScamAdviser show a general positivity and happiness among the broker's clients:
- Trustpilot: 4.5/5 stars based on over 110 reviews
- ScamAdviser: 100/100 Trustscore
Conclusion and Final Words
Finex broker has a minimum order size of 0.01 lots with margin call and stop out levels at 50% and 20%, respectively.
The brokerage, with a 4.5/5 score on "Trustpilot", offers over 70 tradable symbols.