FinFX is a relatively new Forex broker that was established in 2010. FinFX claims that it does not need to be regulated by the Finnish FSA, and it currently does not hold any regulation, though it asserts that the brokerage does adhere to the highest ethical and business standards. We understand that due to this lack of regulation FinFX does accept US Forex traders, though we recommend an NFA regulated broker for US traders, and an internationally-licensed Forex broker such as HotForex or FXCM for non-US traders.
As its name suggests, FinFX is based in Finland, although the company’s clear English website makes it an option for most Forex traders worldwide. FinFX offers simple online trading services for the Forex and commodities individual or corporate trader. The MetaTrader 4 platform is the main platform used and it is offered in 32 languages to serve all traders from around the world. FinFX also offers a platform called FX PowerTrader which they claim is suitable for professional or institutional Forex traders.
A nice aspect of FinFX is the Integral FX Grid which enables a trader to transmit funds and trades quickly, simply, and most importantly, safely.
FinFX offers Micro accounts for small trades, Normal accounts for personal or business, ECN and ECN pro accounts for the more experienced trader. Micro and normal accounts have no commissions, though the spreads are wider than they are in an ECN account. Traders can choose which type of account they prefer, or sample each type with a demo Forex account before depositing funds with FinFx.
Other great features of FinFX are their live customer support 24/5, specializing in the English, Russian and Finnish languages. Deposits and withdrawals can be done via wire transfer, credit card, MoneyBookers, giropay, bleue and other options, which is one of the widest range of choices we’ve seen throughout our Forex brokers reviews. The demo accounts are free and unlimited and you can have as many as you want before or during opening a live account. All in all, while new to the Forex trading world, FinFX is a decent broker!
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