Overall Rating: ★☆☆☆☆ (1.4/5.0)

Finexico is an unregulated offshore broker that offers forex and CFD trading on a web-based proprietary platform. Despite advertising access to currencies, indices, stocks, and cryptocurrencies, Finexico has gained a notorious reputation for misleading practices, withdrawal issues, and aggressive sales tactics. Multiple regulatory bodies, including the FCA (UK) and BaFin (Germany), have issued public warnings against Finexico. This Finexico review explains why this broker is considered unsafe and should be avoided.

Key Features

Finexico targets retail traders in Europe and Asia with bold marketing promises, but few verifiable features.

• Trading Platform:
  • Proprietary web-based platform – no MT4/MT5 support
• Markets Offered:
  • Forex, indices, shares, commodities, and cryptocurrencies
• Account Types:
  • Basic, Bronze, Silver, Gold, and Platinum – with increasing deposit requirements
• Leverage:
  • Up to 1:500, without risk profiling
• Deposit Methods:
  • Credit cards, wire transfers, crypto

Regulation and Security

Finexico operates without any valid licence or regulatory oversight.

• No regulation from FCA, ASIC, CySEC, or any reputable authority
• Previously claimed registration in St. Vincent and the Grenadines, but unverifiable
• Blacklisted by:
  • FCA (UK)
  • BaFin (Germany)
  • FINMA (Switzerland)
• No client fund segregation
• No compensation scheme or negative balance protection

Pricing and Costs

Finexico advertises tight spreads and commission-free trading, but lacks transparency.

• Spreads:
  • Not publicly disclosed – reports of wide and inconsistent spreads
• Commission:
  • Claimed to be zero, but hidden costs may apply
• Minimum Deposit:
  • From $250, with aggressive upselling for higher accounts
• Deposit/Withdrawal Fees:
  • Undisclosed – many clients report withdrawal refusal
• Inactivity Fee:
  • Applies, but terms are not made clear

Educational Resources and Customer Support

Finexico provides minimal educational content and questionable customer support practices.

• Education:
  • Few generic articles and platform how-tos
  • No structured learning or strategy development resources
• Customer Support:
  • 24/5 live chat, phone, and email
  • Many users report persistent sales calls and high-pressure tactics
  • Support often becomes unresponsive after deposits are made

Risk Management Tools

Finexico lacks essential safety features, putting clients at serious financial risk.

• Risk Tools:
  • Basic stop-loss and take-profit functionality
• No guaranteed stop-loss orders (GSLOs)
• No leverage control or margin protection
• No negative balance protection

Pros and Cons

Pros

• Wide range of advertised instruments
• Crypto deposits accepted
• Web-based platform accessible without installation

Cons

• Unregulated and blacklisted by multiple authorities
• Numerous user complaints and withdrawal issues
• No MT4 or MT5 support
• Misleading marketing and aggressive account managers
• Zero investor protection or fund safety

Conclusion: Is Finexico the Right Choice?

Absolutely not. Finexico is a high-risk, unregulated broker with a history of misconduct, regulatory warnings, and unresolved withdrawal complaints. Traders should stay away from this platform under all circumstances. Any interaction with Finexico exposes you to fund loss, identity theft, and unauthorised charges.

If you’re looking for a trustworthy broker, opt for regulated providers like IC Markets, Pepperstone, or FP Markets, all of which offer genuine platforms, tight spreads, and client protection.