Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

How to choose a Forex broker?

FxFinance reviews

6/10 (votes 2581)

FX-1 Race

Chance to win a real prize of $1,500 on a demo account

Beauty contest

Miss InstaForex, a prize fund for voting

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.

Leave your FxFinance reviews that will help others to assess the broker’s work.

Add your review

Comments about broker

Abhiyasa trader

review FxFinance

21-09-22

FxFinance is not a worthy broker for trading. After I joined them, I know that their platform is not good at all. The platform keeps malfunctioning when I tried to close my order in my desired positions. Besides, I've found a fake candle on FxFinance's chart, So my position slippage 10 to 20 pips, and my EA didn't work. It is not comfortable at all to trade with FxFinance platform. As I've lost almost $50. I say they are a disappointing platform in the market.

LollaPiPS trader

review FxFinance

10-12-21

FxFinance is not a reliable broker. I have faced a lot of trouble during trading with them. The platform is not working properly because it's stopped during trading. Sometimes, the system is down; after that, hang and take time to fix it. I lost a big amount of my money because of that. No more trade with FxFinance. I closed my account here.

Emerald trader

review FxFinance

20-07-21

So far, my trading experience at FxFinance is pleasant. I opened an account two months ago. The payment transaction was efficient and the trading platform works well. I also appreciate that the trading fees are low and they even provide Forex education.

Mastaria trader

review FxFinance

22-03-21

FxFinance is not a reliable and recommendable broker. The order execution is slow, and it is causing me to lose huge money. I would not recommend them, of course. Their list of trading instruments is not complete, and the website is not user-friendly. The platform is difficult to navigate, and my pending orders are always canceled. I have to wait more than two weeks to withdraw my profits successfully. I don't think to continue trading with them. So I stopped and closed my account at this broker.

Chinmaya trader

review FxFinance

04-03-21

I've shocked on the FXFINANCE UTIP Trader platform with the FxFinance broker. I can't trade in a UMAM account, As this platform failed to give me a perfect execution so far. So I can't set my desire position and always the orders executed 20 to 40-sec delay. also, I found they charged much spread in the high volatility market. Besides, they have a bad payment service. Therefore I think no deal with the FxFinance broker.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

FxFinance reviews

Pass to the list of brokers

Comments about broker

FOREX RATING © 2024 All right reserved