Forex Finex Broker Review

Performance Matrix

Main Score & Risk Matrix

#185

Score

7.3

Excellent

Finex is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.5

Business 6.8

Risk Control 7.1

Software 7.8

Regulatory 7.3

Terminal Snapshot

Finex Trading Conditions

Registered Region Indonesia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email customer@finex.co.id

Contact Number +622150101569

Website finex.co.id

Balanced Review

Pros & Cons

Pros

Regulated by Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)
Diverse trading instruments including Forex, metals, indices, and stocks
Trading platform: MetaTrader 5
Low minimum deposit requirement of 50 USD
24/7 customer support through multiple channels

Cons

Limited range of trading instruments (no cryptocurrencies or ETFs)
Only one type of live account available
Potentially high spreads on minor forex pairs
No educational resources beyond basic tutorials
Withdrawal processing times may vary

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Finex	CFForex	Mahadana	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	7.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Finex Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Retail Account	Beginners and experienced traders	Low minimum deposit, competitive spreads	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage, enhanced features	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services, dedicated support	Requires corporate documentation
Demo Account	New traders	No risk practice environment	Ideal for learning and strategy testing

Account Opening Process

To open an account with Finex, traders must submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. The process is designed to be straightforward, allowing potential clients to set up their accounts efficiently. Additionally, there is flexibility in the account structure, enabling traders to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 0.5	$1 per lot	Competitive for popular pairs
Forex (Minor Pairs)	Varies	$1 per lot	Higher spreads for less traded pairs
CFDs (Stocks)	Varies	$1 per lot	Commission applies
CFDs (Indices)	Varies	$1 per lot	Commission applies
CFDs (Commodities)	Varies	$1 per lot	Commission applies
Cryptocurrencies	Not available	N/A	Currently not offered

Other Fees

Additional fees that traders should be aware of include deposit and withdrawal fees, which are not applicable at Finex, as there are no fees for these transactions. However, traders should consider potential inactivity fees, overnight interest (swap rates), and currency conversion fees that may apply based on their trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Finex is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Finex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Adi Sang Pengelana

Indonesia

★ ★ ★ ★ ★

I had a frustrating experience with Finex. My deposit was confirmed by the bank, but it failed to reflect in my trading account. It took a long time to get any response from customer support, which was disappointing. I expected better service from a regulated broker.

HendraSaputra

Indonesia

★ ★ ★ ★ ★

Finex has been a solid choice for my trading needs. The MT5 platform is user-friendly, and I appreciate the low minimum deposit. While the withdrawal process took a bit longer than I hoped, the customer service was helpful throughout. Overall, a good experience so far.

VictorTelun

Indonesia

★ ★ ★ ★ ★

I am very disappointed with Finex. I attempted to withdraw my funds, but it has been delayed for weeks. Customer support was not responsive, and I feel like my money is stuck. I do not recommend this broker.

NASGOD'S

Indonesia

★ ★ ★ ★ ★

My experience with Finex has been excellent! They have a transparent operation with quick deposits and withdrawals. The customer support is always available and friendly. The trading conditions are favorable, making it easy to execute my strategies effectively. I’m happy to be trading with them.

Indonesia Market