Finex

Finex Broker is an Indonesian broker that was founded in 2012, offers access to more than 78 tradable instruments (including Forex, Metals, Energy, Indices, and Shares), and is regulated under BAPPEBTI. The broker provides the trading platform MT5. Finex offers chat support 24 hours a day, seven days a week, while allowing new traders to begin trading on their platforms with an initial minimum deposit of $10.

Finex Broker Overview

Company Overview

Finex Broker was founded in 2012 and is registered in Indonesia under BAPPEBTI. They offer traders access to a broad range of instruments, including Forex, Metals, Energy, Indices, and Shares along with a demo account.

Leverage

To use their leverage, traders must open an account with a minimum deposit amount of $10 and will have access to a maximum leverage of 1:500, which means that for every $1 in their trading account, they can control up to $500 worth of instruments.

Customer Service

Finex Broker provides customer service through several channels including live chat, telephone, email, and fax. When you contact Finex Broker for support, you can expect to receive professional assistance from agents who have been trained to answer your questions.

Legitimacy

Because Finex Broker is fully licensed by BAPPEBTI, it is reasonable to conclude that they are a legitimate brokerage. The firm holds a Retail Forex License, issued under PT. Finex Bisnis Solusi Futures, with the license number of 47/BAPPEBTI/SI/04/2013.

Finex broker offers a variety of instruments for traders in the following areas:

Forex: AUD/CAD, AUD/USD, CAD/JPY, CHF/JPY, etc.

Metals & Energy: XAU/USD, XAG/USD, XTI/USD

Indices: DE30, HK50, JP225, UK100, US100

Stocks: Apple, Adobe, Alcoa, Adidas, AIG, etc.

Finex Broker provides access to a large selection of trading instruments such as Forex, Metals & Energy, Indices, Share Stocks, and so on. Although they do not support Cryptocurrencies, Bonds, Options, or ETFs, they still maintain a wide range of other products and services for their clients.

Finex Broker types of accounts, leverage, and costs for opening

Finex Broker offers one type of live account. The Deposit Amount and Maximum Leverage are:

Minimum Deposit $10

Maximum leverage 1:500

Minimum Spread 0.5 Pips

Commissions: $1 per lot

Finex Broker provides demo accounts to traders who would like to practise before opening a live trading account.

The maximum leverage offered for Finex Broker is as follows:

Class Type Flat Match Leverage Class Max Leverage

Forex 1:500

Metals 1:500

Indices 1:200

Energy 1:200

Stock Скиллы 1:100

Trading Platform

Finex Broker trades exclusively on the MT5 platform. The platform is available in desktop, and mobile (Andriod/iOS) formats.

Supported Devices

The following devices can be used to trade on the MT5 trading platform through Finex Broker:

OS: Windows, Web-based, Android, iOS.

How to map a Finex Broker deposit/withdrawal

Through Indonesian banks, deposits/withdrawals are conducted via electronic payment processing. Finex Broker works with five Indonesian banks to enable clients to deposit and withdraw through those institutions.

Banks that provide Financial Payment Processing and the minimum amounts for deposit and withdrawal are:

BCA (Bank Commonwealth Bank)

CIMB Niaga (Bank with Insurance Card)

Bank Mandiri (RBI)

BNI

Payment processing is available with no fees on deposits or withdrawals to/from utilising the above-mentioned banks.

Conclusion

Finex Broker is a licensed and regulated broker located in Indonesia that offers a competitive range of over 78 instruments with very competitive pricing and excellent customer support. In addition to competitive pricing and the availability of many types of instruments through MT5, Finex Broker also offers traders free demo accounts and 24/7 customer support to create the best overall trading experience.