FINNEX MARKETS

Finnex Markets is a forex and CFD broker registered in Saint Vincent and the Grenadines, founded in August 2021. The company operates under the legal name International Business Company of FNX Markets (SV) Ltd, as per its website. Its registered address is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent & Grenadines.

The broker markets itself as offering trading in Forex, Metals, Oil, and Indices via the MetaTrader 5 platform. It targets both retail and professional traders, with a minimum deposit of $100 for its smallest account type.

Finnex Markets does not hold a regulatory license from any recognized financial authority. The company is registered in Saint Vincent and the Grenadines, a jurisdiction that does not require forex brokers to obtain a license for providing trading services. The broker's website makes reference to the Financial Services Board (FSB) of South Africa, but no valid FSP number or official registration details are provided. FXCanary's independent verification found no active license under Finnex Markets or related entities on the FSB register.

The absence of regulation means traders have no recourse to a financial ombudsman or compensation scheme if disputes arise. This is a significant risk factor for potential clients.

The broker offers four primary account tiers: MICRO ($100 minimum deposit, leverage up to 1:500, commission-free), MINI ($1,000 minimum deposit, leverage 1:500, commission-free), PRIME ($5,000 minimum deposit, leverage 1:400, commission-free), and LUXURY ($25,000 minimum deposit, leverage 1:200, commission-free). An Islamic account is also listed in known facts with a $20,000 minimum deposit and 1:500 leverage.

All accounts reportedly include demo access, variable spreads, and 5-decimal pricing. Bonuses are offered on MICRO, MINI, and LUXURY accounts, but not on PRIME. The broker emphasizes low barriers to entry with the $100 MICRO account.

Finnex Markets exclusively offers the MetaTrader 5 (MT5) platform, available for Windows, Android, and web trading. MT5 is a widely used multi-asset platform known for advanced charting, automated trading via Expert Advisors, and algorithmic capabilities.

The broker states that traders can access Forex, CFDs, Metals (presumably gold and silver), and Indices. Specific product lists, contract specifications, or swap rates are not publicly detailed on the website.

Deposit methods include wire transfer, debit/credit cards, Neteller, and Fasapay. The broker does not specify minimum or maximum deposit amounts for each method, nor does it clearly outline withdrawal policies or processing times. Support is available via email (info@finnexmarkets.com) and a UK phone number (+44 20 7331 7325). The website also includes a contact form.

The use of a UK phone number may give the appearance of a local presence, but the entity is registered in SVG. No office address outside Saint Vincent is listed.

Finnex Markets appears to target both novice and experienced traders, given the range of account sizes. The MICRO account is clearly aimed at beginners with its low deposit and high leverage, while PRIME and LUXURY accounts offer tighter spreads and lower leverage for larger capital clients.

However, the lack of regulation makes this broker unsuitable for risk-averse traders. Experienced traders who accept higher risk may be drawn to the high leverage and low commissions, but they should be aware of the limited transparency and absence of investor protection.