✔️ Information reviewed and updated in February 2024 by Pedro Martínez González
In this section we will analyze the Finaxis broker, is a Forex, CFDs and Cryptocurrency broker. Is Finaxis really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we made a review on Finaxis… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before deciding or not, to invest with an investment company.
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it.
As to its location, The broker mentions being based in: Luxembourg, although if true it should be regulated by the Luxembourg financial regulator, which does not seem to happen, which makes us doubt its real location.
If we analyze the regulation of the broker: it mentions being a regulated broker on numerous occasions, but never provides the regulation number or the regulator that regulates it, so we believe that it is an unregulated broker.
If now we go on to analyze account types that Finaxis offers, we note that they offer 6 different types of account: the Start Account, the Progress Account, the New Horizon Account, the Classic Account, the Investor Power Account and the Finansist Account. We leave an image with a little information about each type of account.
Start account: minimum initial deposit of $ 250, micro-lot trading, fixed or floating spreads, personal account manager, free signals ...
Progress account: minimum initial deposit of $ 500, micro-lot trading, fixed and variable spreads, personal account manager, free signals for one month, account assurance ...
New Horizon Account: minimum initial deposit of $ 1.000, micro-lot trading, fixed and variable spreads, personal account manager, free signals for one month, account assurance, exclusive training program ...
Classic account: minimum initial deposit of $ 2.500, micro-lot trading, fixed and variable spreads, personal account manager, VIP signals, account assurance, exclusive training program, deposit bonus, risk manager ...
Investor Power account: $ 5.000 minimum initial deposit, micro-lot trading, fixed and variable spreads, personal account manager, VIP webinars, VIP signals,, account assurance, exclusive training program, deposit bonus, risk manager, e-books , VIP analyst ...
Finansist account- $ 5.000 minimum initial deposit, micro-lot trading, fixed and variable spreads, personal account manager, VIP webinars, VIP signals,, account assurance, exclusive training program, deposit bonus, risk manager, advanced technique risk control, exclusive training program, VIP investment analyst ...
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Finaxis offers are: MT4.
We will now analyze the different resources and aids for traders that Finaxis provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Finaxis provides the following help or resources to traders or interested parties: explanation about the products that Finaxis offers, news about financial events and analysis, explanation of some basic concepts of the world of trading, really not much more than this ...
Other information about Finaxis
Some more information in case you want to contact the company, or see its website for yourself.
Telephone: +34-95-404-87-61, +44-203-807-45-64
Email: [email protected]
>>> Evaluation of Finaxis <<
Ending with this section, in our opinion Do we believe that the Finaxis company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it does not mention which company it belongs to, it is not clear where it is based, it is an unregulated broker when looking for other reviews or evaluations about Finaxis, we find mostly negative evaluations.
For these reasons, we believe that Finaxis is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
Update August 2019: CNMV (Spanish financial regulator) has issued a warning against Finaxis.
Update September 2019: CSSF (Luxembourg Financial Regulator) has issued a warning against Finaxis.
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.