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Overview

Finexo was founded in 2003 by a group of professional traders, who had decided to make online trading available for everybody. The broker was able to attract into its ranks traders from many European countries, providing enough favorable conditions for trading on the foreign exchange market. It gave the opportunity to its customers to trade not only on currency pairs, but also on securities, indices, metals and futures on various global financial markets.

Finexo became in 2010 an integral part of the investment company SafeCap Investments Limited, located in Cyprus, and this company in its turn was under the management of the Cyprus Securities Commission CySEC.

At the moment broker offers traders all Forex traders the best trading conditions on global financial markets. It has numerous educational materials, with the help of which customers can learn the profession of trader and new customers are welcomed with great Forex bonuses reaching 1,000 Euro on ordinary trading accounts and even greater amounts on VIP-accounts.

All customers of Finexo can also participate in an affiliate program that allows to making extra profit and it may become the basic source of income for some users.

Bonuses

Finexo provides all new customers the welcome first deposit Forex bonus, but it can have different sums of money, depending on the selected by the trader account for trading on the foreign exchange market.

Choosing a trading account Mini and the replenishment of it in the amount from 100 to 1,999 Euro, the welcome bonus from the broker will be from 50 to 200 Euro.

Opening a trading account Standard and the replenishment of it in the amount from 2,000 to 9,999 Euro, Finexo accrues the Forex bonus within 50 to 200 Euro.

If customers wish to open a new trading accounts Platinum or VIP, they will need to contact the broker, since for these types of accounts the individual bonus is paid out, which depends largely on the amount of deposited money.

Forex bonuses that are accrued to the trading accounts of customers become immediately available for trading on the Forex market and to withdraw them from the deposit, it is necessary to make a certain trade turnover, which will be indicated while receiving the bonus money.

Training

Finexo enables all users to pass online training for trading on the foreign exchange market using printed and video materials, published on the website of the broker.

Printed learning materials:

- history of the Forex market (the appearance of the foreign exchange market, the Bretton Woods agreement, the market today)

- types of market orders (what is market order, orders: buy limit, buy stop, sell limit, sell stop, take profit, stop loss, trailing stop)

- economic indicators (leading and lagging economic indicators, economic indicators: GDP and industrial production, economic indices: the primary indices - PMI Purchasing Managers Index, PPI Producer Price Index, CPI Consumer Price Index, durable goods, ECI Employment Cost Index and the secondary indices - retail trade, the Number of New Construction)

- glossary (explanation of the terms, used while trading on the foreign exchange market).

Anyone can download a free course for the novice trader, where readers will find answers to the following questions:

- when the foreign exchange market appeared, how it developed, who are its participants

- how to use platforms MetaTrader 4 and WebTrader (a detailed analysis of the platform lobby, the usage of financial statement, rules of financial instruments using)

- what are spread, points, orders (spread size, points, types of orders, size of trading lots and leverage using)

- what is the psychology of trading and how to use it (advices for novice Forex traders how to avoid loss of money and not be afraid to trade)

- glossary (basic terms used on the Forex market and their explanation).

In addition, customers can use video tutorials that will be useful for both beginners and professional traders.

Video tutorials about the foreign exchange market:

For beginners:

- advantages of the foreign exchange market

- basic terminology of the market

- types of market orders

- efficient Forex strategies

- glossary of terms.

For professional traders (or for those who want to be them):

- the entire Forex

- currency trading using Japanese candlesticks

- calculation of risks

- support and resistance levels

- trends and their lines

- appearance of price channels and their use

- Fibonacci numbers

- the most comprehensive glossary of a Forex trader.

For all Forex traders:

- operations with platform MetaTrader 4

- Forex trading strategies (strategies for beginners, Forex strategies for professionals, semi-automatic strategies for the foreign exchange market).

Terms of trading

Broker Finexo offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is 100 Euro

- the leverage is 1:200

- a large number of currency pairs, securities, gold, silver, futures

- spread is fixed from 3 points

- the minimum lot is 0.01

MetaTrader 4

- multi-language support

- Instant Execution order

- a wide range of Forex indicators

- possibility to add new indicators

- MetaQuotes Language 4 (operations with Forex trading advisors)

- quotes export via DDE

- charts printing.

Finexo WebTrader

- analogue of the MetaTrader 4 platform, but with the opportunity to operate via the browser without downloading the client program).

Broker provides its customers to choose one of the four types of trading accounts for opening.

Trading account Mini:

- the minimum deposit is €100

- the maximum deposit is €1,999

- Forex bonuses are available

- market reviews are available

- it is possible to contact the trading department

Trading account Standard:

- the minimum deposit is €2,000

- the maximum deposit is €9,999

- Forex bonuses are available

- market reviews are available

- it is possible to contact the trading department.

- trading signals are available

- flash messages on the mobile phone are available

- trading signals on the mobile phone are available.

Trading account Platinum:

- the minimum deposit is €10,000

- the maximum deposit is €99,999

- Forex bonuses are available

- market reviews are available

- it is possible to contact the trading department.

- trading signals are available

- flash messages on the mobile phone are available

- trading signals on the mobile phone are available

- services of private dealer are available

- webinars are available by invitation.

Trading account Platinum:

- the minimum deposit is €100,000 and higher

- Forex bonuses are available

- market reviews are available

- it is possible to contact the trading department.

- trading signals are available

- flash messages on the mobile phone are available

- trading signals on the mobile phone are available

- services of private dealer are available

- webinars are available by invitation

- educational webinars are available by invitation.

Forex indicators (recommended)

- Price Channel

- Day Implus

- TradeBreakOut

- Spread

- Instant Trend Line.

Forex expert advisors (recommended)

- Forex EA Better (an automatic Forex advisor capable due to the neural network of self-learning based on previous transactions, which further will allow it to make a good profit in currency pairs trading)

- MACD Pattern (an automatic Forex advisor that is based on the indicator MACD, which allows it to analyze a large number of different parameters on the basis of which it trades successfully on the Forex market)

- Profit FIXATOR (an automatic Forex advisor that is specifically designed to operate at short-term distances, where it makes very good profit on different currency pairs).

Investments

Finexo currently does not provide services of trust management of investors' funds by the successful traders via PAMM-account, which have lately become very popular. It is one of the disadvantages of the broker.

Unique features

Broker Finexo allows earning additional income to all its customers, which in the future may become the basic one. This income includes the participation in the affiliate program, which has four directions:

- world-of-mouth

- affiliates

- business representatives

- White Label.

The direction Word-of-Mouth is available for all Forex traders of Finexo and it consists in attracting new customers, recommending this broker. For each new attracted customer among relatives, friends, acquaintances, the broker will accrue Forex bonuses for the first replenishment of the deposit by the referral:

- the deposit is $100-$500 - the Forex bonus is $20-$100

- the deposit is $501-$2,000 - the Forex bonus is $150

- the deposit is $2,001-$10,000 - the Forex bonus is $250

- the deposit is $10,001-$20,000 - the Forex bonus is $400.

It should be noted that attracted customers receive also the first deposit Forex bonus, which will range from 50 to 2000 dollars.

Direction Affiliates is suitable for earnings to owners of Internet resources. To become a partner in this direction, it is necessary to contact the broker's employees by e-mail address [email protected]

Customers should contact the company's employees in case of question concerning the direction of the business representative by e-mail [email protected], after which they will offer the most beneficial partnership, based on the capabilities of the customers.

White Label direction is more suitable for legal persons, decided to open their own business in the world of finance under their own brand. Contact the staff of the broker concerning all questions about this direction by phone + 44-203-1500971.

Add/withdraw funds

Finexo offers the following methods of deposit and withdrawal of funds: VISA, MasterCard, Delta, Maestro, Fast Bank Transfer, WebMoney, moneta.ru and bank transfers.

Contacts

Finexo provides the comprehensive support via online chat, by international phone + 44-203-150-09-71, fax + 44-203-150-01-88. In addition, users can contact our trading department by phone + 357-220-225-25.

Cons and pros

+ the fast-growing broker

+ the minimum deposit is 100 Euro

+ small spread

+ a lot of learning materials

- small leverage

- no PAMM-accounts for investors and traders.

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