FINEXO Review

I am a trader who has been working in the Forex market for over five years and uses automated expert robots in my trading. I have to regularly review the trading conditions of various brokers, noting the most acceptable for myself.

Recently I was recommended to rate FINEXO broker and, unfortunately, my rating for this broker is negative.
Initially, the broker's website made a positive impression. It is small, but the list of tools is quite wide. This creates a typical picture of a small broker who attracts traders with favorable trading conditions.

However, the list of trading platforms was frankly upsetting. The company only offers two platforms:
WebTrader is a good platform for manual trading right from the browser;
MetaTrader 4 is the main forex platform until recently, where you can conduct both manual and automated trading using robots.

There are no more platforms, and this is a huge disadvantage for me. The fact is that the MetaTrader 4 platform is currently outdated and fewer brokers use it. The vast majority of trading robots (including all my robots) are written for the newer MetaTrader 5 platform, which is incompatible with the previous version. In addition, this new platform provides much more serious opportunities for testing trading robots, which were not available on the old platform (first of all, testing on real ticks). The quality of testing robots on the old platform does not stand up to scrutiny.

Output.
I cannot recommend FINEXO broker for work. If for traders trading manually it still makes sense to think about trading conditions, then for traders using robots the FINEXO broker is completely unsuitable. You should look for a broker providing the MetaTrader 5 platform.

For half a year of trading through the FINEXO broker, I realized a simple thing - this broker does not fully disclose its terms. Time passes and the trader is "pleased" with an unpleasant surprise. As in my case, for example. I put $ 100 on a deposit, a micro trading account, and traded for about a week, looked at the trading conditions. Then I realized that it would be more profitable and more affordable for me to switch to a Gold trading account. I added up to $ 10,000 more and continued trading. But, after all, I was counting on the improvement of conditions, but what in the end? Yes, a personal manager has appeared, access to the analysis has been opened, and a couple more points. But I didn't see the most important thing - spread reduction. The technical support assured me that the minimum spread was reduced, but it's funny to me - I tried to open an order at a low spread of 1.5 pips, but I never succeeded. I saw that the trading spread was getting smaller, but it lasted for a split second. Taking into account slippage, less than 10 points in the spread, no orders were opened. My patience ran out and I simply withdrew the rest of the money from FINEXO.