Statistics of FxFinance votes

FxFinance reviews

FxFinance_logo FxFinance 6/10 (votes 2581)

On-line since: 2012
Country of origin: Russia
Regulation: -
Payment options: credit cards (Visa, MasterCard), WebMoney, OKPAY, LiqPay, BPR Money, PayPal, Sberbank and Yandex.Money
Minimum account size: $1
Minimum lot size: 0.00 lots
Leverage: 1:100
Spreads: foreign exchange market  — from 3 pips, CFDs — from 5 pips

FxFinance offers its clients only fixed spreads and no ECN technologies. It operates without a license. The company announces various bonuses and promotions to attract customers. We think that its spreads, unlike ones of most other non-regulated/offshore brokers, are too high as most brokers offer the fixed spreads of 2 pips for the EUR /USD pair (and sometimes even lower ones). However, FxFinance provides leverage up to 1:100.

FxFinance is a Russian broker which belongs to FxFinance PLC (GC FxFINANCE). The company is not regulated in Russia or in any other country. FxFinance's clients can use just one account type for trading currencies, gold, silver, and binary options on the MetaTrader 4 and UTIP platforms.

Trading platform

FxFinance offers its customers the most popular software in the forex industry, MetaTrader 4, which is available for both a computer and mobile devices.

MT4 is well equipped with all the necessary trading instruments. It provides an extended set of charts, technical analysis indicators, the opportunities of retesting as well as the opportunity to create and use automated trading programs.

Spreads

There are only fixed spreads, from 3 pips for the forex market and from 5 pips for CFDs. However, unlike most non-regulated brokers, FxFinance allows the maximum leverage up to 1:100.

Promotions

The broker offers its customers the “$100 into your trading account” bonus. In order to gain the bonus, traders have to join the official FxFinance’s group in Vkontakte, make a repost, open a trading account, and verify themselves.

Payment methods

The following payment methods are available to FxFinance’s clients: credit/debit cards (Visa, MasterCard), bank transfer, and electronic wallets such as WebMoney, Yandex, PayPal, OKPAY, RBK Money, Liqpay, Moneypolo, Wallet One, and SorexPay.

The main disadvantages of FxFinance are the absence of regulation and very high spreads.

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Comments about broker

Steven Becker trader
review FxFinance
24-08-17

If you want a real NDB that you have dreamed about, unlike any other, join the FXfinance-pro promotion before it ends. No limits on profit! Only 1 lot per $10 requirement! No restrictions! I am so tired of reading bogus reviews running down brokers with this word "scam". I can bet that most of them are made by people without proper ID or they have used irregular trading methods to obtain profits and lot requirements. These reviews are made in frustration and provide no help to those of us who are looking and searching to kick off their trading careers with a NDB. One of the purposes of no deposit bonuses is to attract new clients and for the broker to test trading conditions. You cant expect to just take something and not be prepared to give something back in good faith. They cannot do their research if you are not trading in a normal fashion. Another thing is that if you are stupid enough to allow an "advisor" to take over your account and do your trading for you then you shouldn't cry when you lose all your money. Just because you lost all your money on a bad trade doesn't necessarily make that broker a "scam". It is the name of the game. You must know when to pull out of a bad trade before you lose everything. Make your own decisions on when to trade. There are no fantastic "once in a lifetime opportunities" to be missed in this game. Don't let anyone try tell you that! The stock market exist with thousands of instruments breaking out in all directions every minute. Things go up and down all the time 24/7 365 days a week. Every one is an opportunity not to be missed. have read fundamental analysis by top "financial experts" saying completely different things on the same day on the same trade. I have read multiple experts all saying the same thing and the market failed to respond. No one knows for sure. Do your own research and use and trust your own instincts. It must be great to be an advisor and play with other people's money! Their advice is not flawless. They have nothing to lose and will gamble with your hard earned savings without a shadow of regret. Sometimes their job might be to in fact make you lose your money in the case of a market maker stock broker (as opposed to ecn or dma) who would benefit from that, and to get their commission. Their instrument for making making money isn't the stock market, it's the telephone! How can you trust someone who you have never ever seen? That doesn't make market maker stock brokers a bad thing. I would warn people not to accept a mentor. Be careful if you are asked to provide credit card pics revealing all the numbers or asked to give the numbers over the phone. Don't give verbal agreement to allow the operator to make a deposit. Only make deposits within an encrypted website. It is possible that account managers act on their own scam operations within good brokers in their greed to earn more commissions. I have no doubt there are some brokers that are complete scams though. Who can you trust? That is what these reviews are for. To give useful information. Sometimes you may even get a review site that looks good but is a part of a scam and will adverise the scam broker included with the good ones! You can't just accuse everyone you don't like as a "scam" or because they didn't open your account. To "scam" means to steal something valuable from you. If you didn't make a successful withdrawal from a NDB does NOT mean you got scammed!!!! You can't get scammed out of a no deposit bonus!!! You have absolutely nothing to lose except your ID theft at the worst. The only way to do your research and avoid getting your ID information stolen is to read reviews. Just bear in mind that most of the reviews are bogus and not a true reflection of the broker. If you were not successful with a NDB does not mean that you have been scammed!!! They have the right to cancel the agreement at anytime and it is the basic agreement of every NDB. They do not have to provide a reason and spend time negotiating on your credibility. I would say that most of the people pointing the scam finger are themselves guilty of doing the scamming or guilty of some dodgey move. That is why they were not paid out. It's a pity that successful withdrawls are rarely posted. NDB's are there for us to learn from our mistakes, and if you are very very very lucky you will be able to actually begin a trading career without an outlay. Most of the time it is just a deposit bonus in disguise. It is very difficult to make any success with anything less than $100 so a lot of them are just a waste of your time. Some of them require you to close 50 lots to achieve $25 which is only available if you deposit another $25! Like you I have also lost many NDB's with almost every broker out there trying to get off the ground. I hope that you have learnt your lessons through these experience as I have. So far I have been lucky with FXFinance-pro. I haven't made a requested for withdrawal yet, but I have faith that these Ruskies will honour the agreement. They don't have online chat or account managers calling you every five minutes, but if you have a problem their support will get back to in around 24 hours. Posting this review is not part of their bonus agreement although you do have to make a repost on a Russian site merely explaining the terms of the bonus. They do not pay you to make reviews like this, so before you accuse me of working for them, f@# you in advance. I put my cock on the block and recommend FXinance -pro for a REAL and proper NDB that can get you started and a Russian broker you can trust.

Richardson trader
review FxFinance
14-06-17

Nowadays, it’s so hard to find a reliable broker to trade, because there have many brokers in forex world. In last year, I knew this broker – FxFinance by my friend, and then I decided to test their services. After testing their service, I satisfy with them, and I made a request to open account. Trading with this broker in 1 year, I feel comfortable, and I think this broker is one of the best brokers on market. FxFinance is a great broker because this broker offers me with good bonus. In the beginning, I made a deposit 100$, and luckily, I also earned profit with 50$. It’s so great, and up to now, my account has been up to 950$. Last week, I withdrew my money with 500$, and everything was fine. Thus, the withdrawal process is so fast, so I received my money only in 5 hours. In addition, this company provides me with comfortable conditions to trade and work. Their customer service is supportive, because they always fix my issues immediately. Overall, FxFinance is the best broker for me, so I recommend this broker to all traders!!

usman Fahd trader
review FxFinance
14-06-17

Thank God! My affiliate account was restored today! :) After I send my documents, including the notarized certificate of domicile, this broker finally comes into their senses that I have never done any fraud trading activities. All my clients are organic, and comes from any part of my world. Some of them are from the Asia and western countries. Anyway, here's my story, when I tried to withdraw the profits that I earned from my commissions ( rebates from referrals) on June 2, 2017, the staff asked me to send some of my documents and later on, denied my docs. Shortly after that, I received an email saying that my account has been disabled. I plead, and requesting to investigate thoroughly concern because I never do things that could endanger my account. I almost give up. Because of my disappointment, I told them that I would take legal actions. Then after one week, one of the staff contacted me, and requested to send the scanned copy of my notarized document. Then today, I got an email from them saying that my account is already restored. Well, it's a good news. I really hope that this broker won't make any mess next time otherwise, I would not hesitate to sue them.:) Anyway, the money that I requested to withdraw is worth $65.21 through OKPAY. Hope to receive the money within this week.:)

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