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 broker holds a Retail Forex License (No. 47/BAPPEBTI/SI/04/2013), issued in 2013 by the Ministry of Trade. Finex is also a member of the Jakarta Futures Exchange (JFX), reinforcing its local credibility and operational transparency.
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.
It adopts a simple, ECN-style pricing model that combines floating spreads (from 0.5 pips) with a fixed commission of $1 per lot.
Although Finex is officially registered and supervised within Indonesia, it is not regulated by a Tier-1 global authority and does not offer investor compensation mechanisms.
Finex Broker Key Specifics
To give you a glimpse of the 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 of 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. The absence of ECN or tiered accounts means all traders, regardless of experience or capital, trade under identical terms.
Finex Broker Benefits and Drawbacks
The table below discusses the brokerage’s most important pros and cons side-by-side:
Advantages | Disadvantages |
Low Minimum Deposit of $10 | Only One Trading Account |
Regulated by BAPPEBTI | Payments Accepted Only via Bank Transfers |
High Leverage up to 1:500 | - |
Finex Broker Account Opening and Verification
Getting started with this broker takes just a few minutes. The platform supports quick account creation via email, phone, or social login, followed by a secure verification process required for accessing live trading features.
#1 Start the Registration
Visit the broker’s official website, click “Buka Akun” (Open an Account), and provide the following details:
- Email address
- Phone number
- Password
#2 Verify Your Contact Details
To access the client dashboard, please verify your email address and phone number by entering the OTP sent via SMS and email.
#3 Complete The KYC Procedure
To access full trading features, log in to the client dashboard, and provide additional personal details and supporting documents, including:
- Proof of ID: Passport or Driving license
- Proof of Address: Utility bill or Bank statement
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:
TradingFinder has developed a wide range of MT5 indicators that you can use for free.
Unlike many brokers, Finex does not offer MT4 or a proprietary platform, focusing solely on MT5 to streamline its infrastructure and toolset.
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 (e.g., inactivity or maintenance) in this broker.
Although there is no ECN or raw-spread account option, the combined cost structure remains competitive for retail traders.
For calculating the estimated outcome of a trade based on commissions, use a profit/loss calculator tool.
Finex Broker Deposit & Withdrawal Methods
Finex supports deposits and withdrawals exclusively through leading Indonesian banks, including BCA, CIMB Niaga, Mandiri, and BNI. There are:
- No deposit or withdrawal fees
- A minimum deposit requirement of $10
- A minimum withdrawal amount of $1
This is a drawback since most other brokers in the industry support at least 3 funding methods. However, transfer requests are processed quickly, with over 80% of withdrawals completed within 2 hours.
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.
Finex Forex Broker Tradable Symbols and Assets
This broker provides access to over 70 trading instruments across 5 asset classes:
- Forex: EUR/USD, GBP/USD, USD/JPY, EUR/GBP, and more
- Metals: Gold (XAU/USD) & Silver (XAG/USD)
- Energy: Crude Oil (WTI)
- Indices: 7 symbols
- Stocks: Apple, Adidas, Boeing, Amazon, etc.
The broker does not support cryptocurrencies, bonds, ETFs, or futures markets.
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.
List of Restricted Countries
Based on the chats with Finex's support team, the company has a limited community of clients; only traders with Indonesian ID cards are accepted by the broker.
Besides, the brokerage does not even have an English website. Therefore, it's mainly suitable for Indonesian users.
Trust Scores and Evaluation Stats
The Finex Trustpilot and ScamAdviser profiles 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
Educational Materials on Finex Broker
This broker offers a range of educational resources to help traders enhance their skills and knowledge:
- Short videos about working with the brokerage
- Webinars on strategies, techniques, mindsets, etc. in trading
- Blog articles about financial markets and trading strategies
Note that these resources are all offered in Indonesian; therefore, it might not be useful to most of you traders.
You can check TradingFinder's Forex education for additional resources.
Finex vs Other Brokers
Let's check Finex's standing in the forex trading world in comparison with other brokers:
Parameter | Finex Broker | FxGrow Broker | Errante Broker | FBS Broker |
Regulation | BAPPEBTI | CySEC, MiFID, CNMV, MNB, FINANSTILSYNET, ACPR, KNF, BaFin, FI, HCMC | CySEC, FSA | FSC, CySEC |
Minimum Spread | From 0.5 Pips | From 0.00001 pips | From 0.0 pips | From 0.0 Pips |
Commission | $1 | $8 | From $0.0 | From $0.0 |
Minimum Deposit | $10 | $100 | $50 | $5 |
Maximum Leverage | 1:500 | 1:300 | 1:1000 | 1:3000 |
Trading Platforms | MetaTrader 5 | MetaTrader 5 | Metatrader 4, Metatrader 5, cTrader, Mobile App | MT4, MT5, Mobile App |
Account Types | Standard, Demo | ECN, ECN Plus, ECN VIP, Demo | Standard, Premium, VIP, Tailor Made | Standard |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 70+ | 120+ | 150+ | 550+ |
Trade Execution | Market | Market | Market | Market |
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.