Background of Forex Broker:
Finexo opened in 2003 as a white label broker for Saxo Bank. As such, it is backed by one of the largest players in the Forex world. Liquidity is never going to be an issue with Finexo.
Advantages of using this broker:
Finexo has its own trading platform called ForexTrader, which is a derivative of the much-loved SaxoTrader from Saxo bank. It is an easy to use web-based platform that is easy enough for the beginner and complex enough for the pro. Finexo also offers CFDs, which allow you to trade oil and other commodities.
Finexo offers a daily market update in the trading platform and through the email that keeps traders up to date with the happenings around the financial world.
Deposits and Withdraws:
Finexo accepts wire transfers, Liberty Reverse eWallet, WebMoney, and credit cards. With Finexo, the withdraw process is a little more complicated as verification is necessary.( In order protect their users from fraud)
Finexo offers 24 hour chat support, as well as phone and email support.
Finexo is regulated by the Cyprus Securities and Exchange Commission. Because it is regulated in the E.U., you can feel assured that it is a legitimate broker. Finexo is also backed by the above mentioned Saxo Bank, one of the largest in the E.U.
Finexo is a well regulated and backed Forex broker. The ability to trade CFDs is a huge advantage as well. Finexo has the added bonus of market updates and news, as well as independent analysis.
Finexo has its own platform, ForexTrader which is based upon Saxo Bank’s SaxoTrader. As such, you know that the execution at Finexo is going to be world-class.