Finopex Broker Review

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Finopex

Finopex is a relatively new entrant to the binary options market. They have established an impressive platform offering diversity and usability, a platform that is driven by a strong vision and passion to deliver the best binary options broker services in the industry. The technology is advanced, the people are experienced and the trading experience is perfectly geared for a seamless trading experience.

Bonuses and promotions

Finopex have an innovative and attractive welcome bonus policy. They have three levels of incentive Gold, Silver and Bronze. Gold is designed for professionals and aspiring professional traders, offering a more than generous 75% bonus on deposits between $5000 and $9999. The silver bonus is for serious traders, providing a 50% bonus on deposits between $1000 and $4999. The bronze starter welcome bonus is for deposits between $200 and $999.

These offers are amongst the best on offer in the binary options industry and are an excellent way to instantly boost your financial trading account.

Finopex is targeted at binary option traders at all stages of their career, from beginners through to experienced professionals. New traders can get going with a small $200 deposit and enjoy an exciting entry into the binary options world. Trades can be placed from a minimum of $5 on 60-second durations, $25 on standard put and call trades, and $50 on Touch based trades.

With the development of Finopex into new markets the languages offered are being expanded. Currently the platform is for English markets. Traders can deposit and trade using USD, GBP and Euros, depending on their preferred trading currency. The homepage provides easy to follow guidance on how to sign up and begin trading. The process is fast and simple. Trading profits are just a few online steps and some quality research away.

Finopex is an innovative and progressive company, always looking for the next way to improve the experience for their customers. They don’t believe in resting on the laurels and believe in continuous improvement. The trading process is always transparent, functional and compelling, with a comprehensive asset offering and seamless trading flow.

Deposits and withdrawals are currently through Credit Card, Western Union and Moneybookers. The operators of the platform will be expanding this selection over the coming weeks and months as they strive to provide the most accessible system possible for their many new customers.

Platforms featured and Markets offered

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Finopex is not just about indices and currencies. They also offer stocks and commodities. They have handpicked some of the most popular assets in the industry and are always striving to furnish the most diverse and interesting of trade asset offerings. Below is a list of assets that are currently available through Finopex:

1. Stocks: HITACHI, NISSAN MOTOR, AMAZON, BARCLAYS, BIDU, BRITISH AMERICAN T, FIAT, FRANCE TELECOM, GOLDMAN SACHS, IBM, PETROBRAS, S.BANK INDIA, SAB MILLER, TESCO, BNP PARIBAS, TEVA PHARMA, TOSHIBA CO, TURKCELL (TURKEY), TATA MOTORS (INDIA), REUTERS (US THOMSON REUTERS), BAE SYSTEMS (UK), ROLLS ROYCE (UK), HSBC HOLDINGS (UK), COCA COLA (USA), SBERBANK (RUSSIA), LUKOIL (RUSSIA), GOOGLE (USA), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (USA), APPLE (USA), MICROSOFT (USA)

2. Currencies: EUR/USD, GBP/USD, EUR/JPY, USD/JPY, GBP/JPY, EUR/GBP, AUD/USD, USD/CAD, USD/TRY, EUR/TRY, USD/CHF, EUR/CHF, EUR/CAD, CAD/JPY, USD/NOK, EUR/NOK

3. Commodities: ASX (AUSTRALIA), WHEAT, COFFEE, SUGAR, GOLD, SILVER, PLATINUM, CITIGROUP (USA), OIL (LIGHT SWEET CRUDE)

4. Indices: IBEX, NIFTY, NIKKEI 225, TEL AVIV 25, TOPIX, KL FUTURE, STRAITS TIMES, NASDAQ FUTURE (USA – NASDAQ 100 FUTURE), S&P FUTURE (USA S&P 500 FUTURE), SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), QATAR (DSM20), EGX 30 (EGYPT), TADWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), RTS (RUSSIAN TRADING SYTEM), MICEX 10 (MOSCOW INTERBANK EXCHANGE), ISE 30 (ISTANBUL STOCK EXCHANGE), FTSE 100 (UK), CAC (FRANCE), DAX (GERMANY), NASDAQ (USA), S&P 500 (USA), DOW ( USA – DOW JONES INDUSTRIAL AVERAGE)

Finopex allows traders to blend a strategy through a mix of trade types. Traders can PUT and CALL, or even place Touch and No Touch trades. When a trader has a conviction position to take they will be able to find a trade option to make money. On top of this there are great 60-second binary options for traders that are well versed in their technical analysis. Those that can expertly dissect and interpret candlestick patterns, moving averages and reversal signals will be able to make fast profits in just 60 seconds. It is even possible for traders to choose several 60 second binaries and trade them simultaneously.

Finopex offers the potential for massive profits. Touch trades offered with an expiration of a week, for example, can attract profits of up to 500%. Traders that are able to understand an asset and make high yield predictions can dramatically increase their bankroll very rapidly. Even standard binaries allow profits of 81%. This is certainly a top platform for those looking for some of the highest returns available in the industry.

Customer services is at the heart of what Finopex do. They constantly strive to improve the trading experience for their clients and are available 6 days a week, 24 hours a day by phone, Skype and email. They are driven by a passion to provide the best of the best in terms of customer satisfaction, and this commitment comes across in their dedication to getting you the answers that you need.

They are always looking for ways to improve. They truly value your feedback and suggestions and have a continuous technological improvement process, which is built into their software management process. If something can be done better they want to know. This is a company that really cares about what they do.

Is Finopex a Scam?

Finopex is one of the new binary options broker and trading platforms. Finopex has shown a great deal of user-friendliness through their innovative platform and promises around 80% returns on your investments. The traders who have worked with Finopex have acquired high-quality trading experience while dealing with Finopex. One of the greatest highlights of Finopex is their excellent welcome bonus that is as high as 75% and is meant to encourage traders to take advantage of higher payouts. Finopex is owned by Simple Trade and is among the most trusted names when it comes to binary options trade.

Finopex is an impressive entrant to the binary options market. They are client-centered and understand the importance of a comprehensive offering and faultless user experience. Professionalism shines through everything they do, from administration through customer service and into the technology teams. This is a focused company with a vision to be the best. With the ground they are gaining in the industry who is to say they won’t one day achieve that goal?

Finopex Review

Finopex

Broker Finopex
US Traders Accepted
Company Name T.B.S.F. Best Strategy Finance Ltd.
Headquarters Nicosia, Cyprus
Regulation No
Bonus Type Match bonus
Bonus Size 75%
Max Payout 91%
Out-of-Money Reward 15%
Trading Platform TechFinancials
Early Closure
Deposit Options Credit/debit cards, wire transfer, Ukash
Deposit Currencies Euro, US Dollar, British Pound
Minimum Deposit $200
Minimum Trade $25
Maximum Trade $1,000
Online Since 2020
Trading Instruments Stocks, currencies, indices, commodities
Number of Trading Instruments 39
Binary Option Types High/Low, One Touch, Boundary, 60 Seconds
Customer Support Types Live chat, email, phone, mail
Education Offered FAQ, glossary, how-to pages
Tools Offered Daily market analysis, personal account management, early closure
Languages English
Demo Account Some risk free trades are allowed.

Finopex is a binary options website which is owned by T.B.S.F Best Strategy Finance Limited, the same Cyprus-based company which owns Cedar Finance. Cedar Finance is a pretty well-known binary options broker, but mostly thanks to an aggressive marketing campaign. In terms of their reputability, there isn’t much positive to say. Cedar Finance was arguably the worst website we have reviewed, and Finopex was in some ways even more disastrous. It is very hard to find information on the site, which is missing a lot of features. Much of the missing information cannot be found anywhere else online, either. And when we talked to customer service, they actually flat out refused to answer our questions.

Opening an Account

If you’re not an English speaker, the adventure starts right from the onset. There is no language dropdown. You can trade using Euros, US Dollars, or British Pounds, and get started with a minimum deposit of $200 or equivalent. Deposit options include credit card, wire transfer, and Ukash. No account tiers are mentioned on the site, and you aren’t presented with bonus options until you actually submit your payment. Apparently you can get a match bonus of up to 75%.

No fees are mentioned, but the withdrawal terms are confusing—to say the least. Here is the exact text, word for word: “The amount can be withdrawn anytime of his deposited amount but not earnings. Traders who wishes to withdraw from the earnings must complete the 20x trade volume of bonus amount.”

This probably refers to bonus money, since the turnover volume makes sense for that, but it does say “earnings.” Does that mean that you can withdraw the amount of your initial deposit at any time, but not any money above that amount? Doesn’t that imply you can’t withdraw your winnings at all, ever? That seems scarcely believable, but if they denied you your winnings, they wouldn’t be violating their own terms. That should worry anyone, even if it is just poor phrasing. Their terms and conditions protect them, not you.

Trading Features

TechFinancials powers the platform. You may not be as familiar with this platform as with SpotOption, but several other brokers use it as well. You’ll see that you can trade High/Low, One Touch, Boundary, and 60 Seconds options. There are 39 different trading instruments including currencies, stocks, indices, and commodities. The minimum and maximum trade sizes are listed nowhere on the website or anywhere else online, but are $25 and $1,000 respectively.

There are only a few educational resources on the site, and they are extremely basic: how-to pages, a glossary, and a FAQ section. There are no trading tools listed on the bottom of the site in the menu, but if you scan the FAQ, you will see they offer daily market analysis, early closure, and personal account management.

Mobile trading is mentioned in the FAQ, but nothing about the platform; according to the customer service team, there is no mobile trading. There is also a section which mentions that you may place some risk free trades before you invest real money, but customer service says that there are no risk free trades, so there are a number of inconsistencies on the site.

Customer Service: Use Email, Not Live Chat

Naturally we had a number of questions since there are so many gaps in the information available on this binary options broker, both on and off the site. So we got on the live chat line and waited for a couple minutes. An agent named Ralph appeared. The agent who appeared on the Cedar Finance line was also named Ralph. If you check out that review, you can find out what a terrible experience we had trying to get information out of him that had any consistency or made the slightest bit of sense.

In this case, we didn’t have to bother, because Ralph wouldn’t let us try. Perhaps he recognized our information and didn’t want to deal with us again. Or perhaps he was a different agent even less interested in doing his job. Regardless, he refused to talk to us. He simply told us to send an email with our questions. There was no reason he could not have answered four simple, brief queries. That is not the kind of service you want from a company where you are investing your money.

Surprisingly, Finopex did not fail completely. They actually did respond to our email and provide answers to all of our questions, and they did it within 24 hours. So if you do want to get a hold of them, this is a much more efficient channel.

Reputation and Regulation

T.B.S.F Best Strategy Finance Limited claims to be a regulated company, and they do have a license number with the Cyprus government, HE 279560. That is just a general business license, however, not a CySEC number. This is because CySEC still has not finished laying the groundwork for binary options regulation. The company also says they are working with the CFTC to become regulated in the US, and until then are not accepting US customers (the site will let you register a US account, but will presumably stop you from depositing.

If you try to look up information on Finopex in a search engine, you’ll find only a limited number of reviews, and none of them very well researched. The website has been online since 2020, but this is no excuse for the lack of information out there. There are many sites that have been online no longer, but which are much better and also have received more coverage from third party websites. It is troubling not to be able to find a lot of objective information or opinions from real users who have tried out the website for themselves.

Do your research before you decide to trade with any binary options company. At this point we strongly suggest that you avoid both Finopex and Cedar Finance and try your luck elsewhere. There are way too many red flags, especially concerning withdrawal policies, bad customer service, and lack of transparency. They have a few good features, but those same features are available elsewhere. Binary options trading is risky enough; don’t add to your risk by dealing with a company you can’t trust.

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Finopex Review

Broker’s Introduction

A pride of the Afact Solutions Ltd and incorporated in the British Virgin Islands, the binary options broker Finopex is what many may know as the First Internet Options Exchange. Founded in 2020, this binary options broker uses the Tech Financials white label for its platform brand with offers of several trading tools which any interested trader could take full advantage of. Traders will have such fine find with Finopex because of the data, information and tools one of which would be the graphs showcasing entry trades, market prices, strike price – everything traders would find beneficial. If you are new at this, their training manual can be provided for you so that you will be educated on the basics in trading with binary options. New traders will find a trade page for their demo trading account, if called for.

General Platform Details

Simplicity of use – this is what sets Finopex a level higher than other new binary options brokers like itself making it a welcoming atmosphere for new traders as well. The Finopex trading platform is definitely “usable” and is highly diverse which is why traders of all kinds – new and old alike, can be well accommodated by their broker services. Its current platform accommodates the English Market nevertheless, it is a work in progress for an expanded market. Interested traders may now trade using the US dollar, British pound as well as the Euros and its customer service come available for traders in 6 days weekly and at a 24-hour time. Emails, phones and internet live chats can be accessed by the traders.

Trading Options

If you are wondering about the payout and return here, you would be glad to know that Finopex comes with a minimum of 65 percent to a maximum of 85 percent. As for its trading instruments, Finopex offers high/low and one touch trade which in actuality can come with a high yield generating up to 380 to 500 percent returns when traded successfully. No question about its range option or boundary as returns still ranges from 65 to 85 percent. Trading with Finopex gives you Options time from 15 minutes up to an hour or two hours if you choose high/ low. The expiry time set for one touch option is weekly while for the range or boundary option, you have 10 minutes up to a few hours. Assets come to a total of 3 commodities, 7 stocks, 12 indices and 13 when it comes to currency pairs.

Financial Details

Traders may use international credit cards, bank wire transfers or maybe Money Bookers in making deposits and withdrawals at Finopex. You can start initially with their minimum of 200 dollars if you want to start live trades right away. On a given 60-second duration of trade, you can start with a minimum of 5 dollars. If a trader should withdraw using bank wire transfer and do so with a minimum of 250 dollars, a 30-dollar fee will be charged. There are no charges set when you use international credit cards, on the other hand. A maximum of 1000 dollars can be accommodated for a specific trade and add the bonuses guaranteed after opening an account ranges within 30 to 75 percent varying accordingly to the type of account and amount made by the trader.

Summary

For that lucrative result, Finopex is opening its door to traders both experienced and new in trading binary options. Because of the data, tools and information essential for traders being offered here, opening an account is nothing to be wary about. Trading is made easier and wiser at Finopex.

Best Binary Options Brokers 2020:
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