Designed with you in mind, opening a Finexo account is easy. Simply click on the register online link and fill in the required information page. Once your account has been successfully created, you will need to send verification documents in order to complete the registration process. These can be faxed, scanned or emailed. As soon as your documents have been approved, you will be able to fund your account and begin trading.
CloseA Practice Account is a free account which allows you to become familiar with forex trading before you trade using real funds. Registration for a demo account is simple and can be completed through the Finexo website. Once you have completed registration you will be provided with personal login details and full access to the Finexo trading platform. Your demo account comes with $100,000 to trade so that you can get familiar with the system and work out your very own forex trading strategy. The Finexo support team will help you along the way, and answer any questions which might come up.
CloseIn order to activate your account the following documents are required:
After registering, you will receive a welcome email with a verification link. Please check your email and follow the link. If the verification link does not work, please try copying and pasting the link into your browser’s address bar. If this does not resolve the issue, please contact the Finexo support team via chat or email at: support@finexo.com.
CloseFinexo will consider accepting corporate accounts; however, corporate accounts will only be accepted after undergoing and passing a rigorous compliance process.
If you are interested in applying, please contact compliance@finexo.com for further details.
For more information, please contact support@finexo.com
CloseThe minimum transaction size depends on the instrument you trade. For more information please check our Forex trading conditions page and/or the CFD trading conditions page.
CloseTo change your account details, please contact your Account Manager or a member of our support team.
CloseFinexo DOES NOT charge any commission or fee as a result of your trading. Finexo is compensated for its services through the Bid/Ask spread.
CloseNo. Finexo does not manage funds for its clients as this may create a conflict of interest. In order to remain 100% impartial, and always have our clients’ profit and interest in mind, we do not manage funds. However, while you will be managing your own investments, you will be assigned an experienced Account Manager to help you along the way.
CloseFinexo does not deduct taxes from client accounts. It is the individual client’s responsibility to handle his or her own tax obligations in accordance with local law.
CloseAll open positions are automatically rolled or swapped over to the next business day. Traditionally, all spot trades in the FX market are performed for a period of two working days (when the delivery of the transaction takes place). Hence, in order to avoid the delivery of the trade, the positions are automatically closed for the original trade date and reopened for the next trade date.
In order to keep things simple and give maximum advantage to our clients, the open and close rates of the rollover are kept the same as the open position rate. A premium is then added or subtracted based on the difference in interest rate between the two currencies being traded.
Yes. Clients are welcome to call the Dealing Desk 24 hours a day, Monday – Friday. The dealing desk will quote the customer a two way price (Bid & Ask) and the customer may place whichever order he or she chooses. The dealing desk will then confirm the trade. Many customers find that placing trades online is more suitable for fast trading, but all customers have the option of calling the dealing desk.
CloseThere is no maximum trade size, although large trades need to be authorized by the dealing room and may have different terms.
CloseFinexo clients can trade using a leverage of up to 200:1, depending on the asset they wish to trade and the trade size. Leverage of 200:1 means that a client is able to open a position which is up to 200 times the size of his or her deposit. For example, if a client has deposited $1,000 he or she will be able to open a trade up to $200,000 in value. A minimum 0.5% margin must be maintained at all times. To learn more about Finexo trading conditions and margin requirements for assets, please visit our Forex Trading Conditions page and/or CFD Trading Conditions page.
CloseIt is worth keeping in mind that Foreign Currency & CFD trading carries a high degree of risk and may result in serious financial loss. Foreign Currency & CFD trading is not suitable for everyone. The high degree of leverage and volatility involved in Forex & CFD trading means that transactions can result in heavy losses as well as significant gains. We recommend that you trade with extreme caution and care. For help and guidance, make sure to take full advantage of all our services and highly trained support team. We also have a comprehensive library of educational resources available on our website. To help minimize potential losses, we also provide essential trading tools such as stop loss orders. However, such tools do not remove the significant element of risk that is involved in forex trading. To learn more about the risks involved with Forex & CFD trading, please visit the risk disclosure page.
CloseDue to very low liquidity (and until further notice), trading hours will open on Sunday at 22:00 GMT and close on Friday at 22:00 GMT.
CloseThe minimum transaction size depends on the instrument you trade. For more information please check our Forex trading conditions page and/or the CFD trading conditions page.
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