Finexro Review – Is it the Right Fit?
When you are ready to start your online trading career, finding a reliable and trustworthy broker is of the utmost importance. The financial markets are rife with opportunities and you are eager to explore them, but in order to do so, you first need to make this decision, which is quite challenging. This is mostly because the choices in the market can often overwhelm and intimidate, which leads to a great deal of confusion. Just do a simple search on Google and it will give you an idea of just how many online brokers have sprung up in the last decade or so.
The popularity of online trading doesn’t seem to be waning any time soon. In fact, it has intensified, thanks to cryptocurrencies, which has brought a fresh number of brokers in the market. But, you cannot just close your eyes and choose one broker. Do you ever make costly purchases without doing your due diligence? No, when you are putting your hard-earned money at risk, you don’t want to make this decision without putting some thought into it. Evaluating a broker is essential before you entrust them with your money and your data. You cannot just take their word on it and neither can you rely on others.
Just because a broker has turned out to be a good choice for one trader doesn’t mean it will do the same for you. It is vital to remember that every trader has a different risk appetite, trading style, experience, education, and background. Hence, their choices will vary, so what may be the right fit for one trader, maybe the wrong one for you. To find your right fit, you have to dig deep and know exactly what to expect from a broker. Finexro is one broker that leaves a strong impression, even though it was established in 2018 by Strongex Ltd.
Therefore, it hasn’t been around for that long, but its offerings are intriguing enough to have attracted many to its platform. Can it be the right fit for you? To find out, you need to look at it closely:
- Find out What to Trade
What are the financial instruments you can trade on Finexro? Firstly, the broker gives its clients access to the world’s biggest market i.e. the foreign currency market. There are hundreds of currency pairs, major, minor and exotic, to be traded. You will also have the top indices at your disposal and shares of some of the largest firms in the world. Commodities, whether hard or soft, can also be found. Most notably, the broker has kept up with market trends and added cryptocurrencies as an asset as well. This combination of assets may be just what you need for diversifying your portfolio.
- Look at the Trading Platform
When you know what you have available for trading, it is time to figure out how you can trade it. This is where a trading platform comes in, and while brokers can provide their own proprietary trading platform, it seems that Finexro has chosen not to do so. Instead, the broker has chosen to rely on the most advanced and state-of-the-art trading platform, the MetaTrader4. The MT4 is also user-friendly and works for traders of all levels. If traders want to try out other platforms, the broker also has the Sirix trading platform, a relatively new, yet just as capable option. Furthermore, the broker has also added versions of these trading platforms like web-based, accessible via a website, desktop platform that needs to be downloaded, and mobile solutions that work on smartphones and tablets.
- Assess its Security
- Explore the Trading Plans
To trade with a broker, opening an account is a must and the majority of brokers offer different plans to traders. Finexro is catering to traders of all backgrounds, so they have also added multiple options. You will find the Bronze, Silver, Gold, and Platinum accounts. The minimum deposit required for the first account is €1,000. But, you can trade even if you have €200 in your account. Along with these trading plans, the broker also has a VIP program for professional traders. Most importantly, they have added a demo account option for their clients that allows them to try out their platforms and get familiar before they start trading.
- Check Support Options
Trading in the financial markets is not a piece of cake. There will be times when you will struggle and for that, Finexro has added an education center. Here, traders can learn how the markets work and can enhance their knowledge and understanding to make better trades. But, sometimes, you may have issues with the broker’s services or there might be technical problems on the platform. How do you resolve that? This is where customer care is helpful and the broker has given you channels for that as well.
There is a Contact Us section on the website that you can check. There, you will find an online contact form that can be used or you can also write an email to their customer care department. Finexro also allows you to get in touch via phone and they have also incorporated online chat support for dealing with urgent queries. They are responsive, friendly, and knowledgeable and will eliminate your concerns as quickly as possible.
Should you Go for it?
Finexro can be the right fit for you, whether you are a newbie or a seasoned trader looking to tap into the trading markets.