FinFX

Editorial Rating:
3.24
Accept US Traders:
Yes

FinFX.fi

FinFX is the largest ECN (Electronic Communications Network) and DMA (Direct Market Access) broker and Finland. Acting both as a middleman for all ECN traders and as a direct portal to the world’s top Forex banks with its DMA options, this site is great for traders of all descriptions.

Founded in 2010 and fully regulated by the Finnish authorities, this online FX broker is able to service customers from around the world thanks to a team of support workers who are fluent in 33 languages. To ensure the liquidity of its business and the safety of al client funds, FinFX is subject to regular audits by one of the world’s top accountancy firms, PricewaterhouseCoopers (PwC). Thanks to this focus on customer support and financial transparency, FinFX has been awarded a AAA credit rating by Soliditet.

FinFX.fi’s Special FX:

Aside from being recognised as Northern Europe’s Best FX broker in 2013 at the World Finance Foreign Exchange Awards, FinFX is able to offer some of the best trading conditions thanks to its status as a true ECN/DMA broker.

Having the ability to act as an electronic intermediary between the client and the currency market, or as a link directly to the FX world means that traders can choose the conditions which suit them best. For those that wish to have the added leverage and security of an ECN account the option is there, while those who prefer to take their investments straight to the market to achieve the best prices can do so.

Beyond this feature, FinFX offers a VPS (Virtual Private Network) service for all ECN Pro accounts. One of the problems with trading through an ECN account is the propensity for slippages, non-acceptance and lag. All these variables can slow down the investment process and hinder a user’s ability to execute a trade.

However, thanks to the efficient of the VPS service, a trader won’t be exposed to such risks as the service is able to run without interruptions throughout the day and night. Indeed, because a trader doesn’t have to rely on their own computer and internet connection, they will be able to trade with confidence from anywhere in the world and always achieve the best conditions possible.

The Essentials:

Depending on the level of investment a trader wishes to make there are three account options available at FinFX:

Micro Account:
Minimum account size = €100
Minimum position size = 0.01 lot
Variable spreads typically from 2.3 pips on major currency pairs (minimum spread is 2 pips)
Scalping and Expert Advisors are allowed
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 150%
Stop-out level = 100%
Number of currency pairs available = 19

ECN Account:
Minimum account size = €1,000
Minimum position size = 0.1 lot
Variable spreads from 0.4 pips on major currency pairs
Commission one-way per standard lot = $7
Scalping and Expert Advisors are allowed
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 150%
Stop-out level = 100%
Number of currency pairs available = 24

ECN Pro Account:
Minimum account size = €10,000
Minimum position size = 0.1 lot
Variable spreads typically from 0 pips on major currency pairs
Commission one-way per standard lot = $6
Scalping and Expert Advisors are allowed
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 150%
Stop-out level = 100%
Number of currency pairs available = 24

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.