Finfx forex broker

Finfx forex broker

Posted: zuber_33 Date of post: 11.06.2017

FinFX is a European currency and commodities broker, based in Finland, which was established in early Effective from June 1st FinFX sold their retail business to the broker Best Choice FBC Limited.

Frank Denneman

Existing clients will be migrated to the new broker. Forex brokers in general are not subject to supervision according to the rules of the Finnish Financial Supervisory Authority FIN-FSA , the independent supervising authority of Finland. In Finland compensation schemes are in place covering bank deposits up to EUR 50, and up to EUR 20, in case of payment defaults of financial service companies. However, according to FIN-FSA these two schemes do not cover foreign exchange trading in principal.

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By its own accounts, FinFX is obliged to keep clients' funds on separate accounts as required by current Finnish legislation, thus ensuring that creditors do not have access to clients' deposits in case of bankruptcy. Partial amounts used as a margin at the time of the bankruptcy are not subject to this regulation.

The implementation of these procedures is periodically verified and confirmed by the audit firm PwC; the last review took place in February Support is available in Finnish, English, German, Russian and Spanish with most quick response times.

For the opening of an account, FinFX requires a proof of identity personal ID or passport and a proof of address account or credit card statement, utility bill. A social security card might be required as well in some cases. Documents can be scanned in and emailed to customer support. Provided that all required documents are fully submitted, the account opening procedure can be completed within just one hour.

MB Trading Forex ECN and Liquidity Rebates

Deposits on a customer account can be made by bank transfer business days , by credit card online, within a few hours or via Moneybookers or PayPal online, within a few hours. Pay-outs are allowed by bank transfer and via Moneybookers to the customer's account only; pay-outs to third parties are not permitted.

Integral access to more than 18 banks, including: Bank of America, Barclays, BNP Paribas, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J. Morgan, Morgan Stanley, MUFG, Natixis, Nomura, RBS, SEB, SMBC, UBS. The FinFX trading servers are located in Helsinki, Finland. A further server is located in the U. The trading server for ECN Pro accounts is located in New York.

finfx forex broker

Customers who open and fund a FinFX ECN Pro Account are eligible for a free VPS provided by BeeksFX , reducing the latency to about 0. Micro account ECN account ECN Pro account Spreads: EUR EUR 1, EUR 10, Minimum contract size: USD, EUR, CHF, GBP USD, EUR, CHF, GBP USD, EUR, CHF, GBP Commission: Special trading conditions in form of a direct commission discount are automatically applied to all FinFX ECN Accounts opened using one of the below listed links.

Forex Germany - FinFX Forex Broker

The commission for ECN Accounts is reduced to USD 6. To make the account opening process easier, it is advisable to select the most suitable link regarding account type and account currency, as otherwise the account opening procedure might be delayed and FinFX support might have to contact you to confirm these parameters.

Protection of deposits In Finland compensation schemes are in place covering bank deposits up to EUR 50, and up to EUR 20, in case of payment defaults of financial service companies.

Segregation of clients' funds By its own accounts, FinFX is obliged to keep clients' funds on separate accounts as required by current Finnish legislation, thus ensuring that creditors do not have access to clients' deposits in case of bankruptcy.

Customer support Support is available in Finnish, English, German, Russian and Spanish with most quick response times. Account opening For the opening of an account, FinFX requires a proof of identity personal ID or passport and a proof of address account or credit card statement, utility bill.

Liquidity provider Integral access to more than 18 banks, including: Server location The FinFX trading servers are located in Helsinki, Finland. Server time Summer time: Home Forex Trading Forex Broker Expert Advisors Signal Service Managed Accounts Cashbacks and Rebates Contact.

finfx forex broker

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