Finopex Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Finopex

Finopex is a relatively new entrant to the binary options market. They have established an impressive platform offering diversity and usability, a platform that is driven by a strong vision and passion to deliver the best binary options broker services in the industry. The technology is advanced, the people are experienced and the trading experience is perfectly geared for a seamless trading experience.

Bonuses and promotions

Finopex have an innovative and attractive welcome bonus policy. They have three levels of incentive Gold, Silver and Bronze. Gold is designed for professionals and aspiring professional traders, offering a more than generous 75% bonus on deposits between $5000 and $9999. The silver bonus is for serious traders, providing a 50% bonus on deposits between $1000 and $4999. The bronze starter welcome bonus is for deposits between $200 and $999.

These offers are amongst the best on offer in the binary options industry and are an excellent way to instantly boost your financial trading account.

Finopex is targeted at binary option traders at all stages of their career, from beginners through to experienced professionals. New traders can get going with a small $200 deposit and enjoy an exciting entry into the binary options world. Trades can be placed from a minimum of $5 on 60-second durations, $25 on standard put and call trades, and $50 on Touch based trades.

With the development of Finopex into new markets the languages offered are being expanded. Currently the platform is for English markets. Traders can deposit and trade using USD, GBP and Euros, depending on their preferred trading currency. The homepage provides easy to follow guidance on how to sign up and begin trading. The process is fast and simple. Trading profits are just a few online steps and some quality research away.

Finopex is an innovative and progressive company, always looking for the next way to improve the experience for their customers. They don’t believe in resting on the laurels and believe in continuous improvement. The trading process is always transparent, functional and compelling, with a comprehensive asset offering and seamless trading flow.

Deposits and withdrawals are currently through Credit Card, Western Union and Moneybookers. The operators of the platform will be expanding this selection over the coming weeks and months as they strive to provide the most accessible system possible for their many new customers.

Platforms featured and Markets offered

Finopex is not just about indices and currencies. They also offer stocks and commodities. They have handpicked some of the most popular assets in the industry and are always striving to furnish the most diverse and interesting of trade asset offerings. Below is a list of assets that are currently available through Finopex:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

1. Stocks: HITACHI, NISSAN MOTOR, AMAZON, BARCLAYS, BIDU, BRITISH AMERICAN T, FIAT, FRANCE TELECOM, GOLDMAN SACHS, IBM, PETROBRAS, S.BANK INDIA, SAB MILLER, TESCO, BNP PARIBAS, TEVA PHARMA, TOSHIBA CO, TURKCELL (TURKEY), TATA MOTORS (INDIA), REUTERS (US THOMSON REUTERS), BAE SYSTEMS (UK), ROLLS ROYCE (UK), HSBC HOLDINGS (UK), COCA COLA (USA), SBERBANK (RUSSIA), LUKOIL (RUSSIA), GOOGLE (USA), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (USA), APPLE (USA), MICROSOFT (USA)

2. Currencies: EUR/USD, GBP/USD, EUR/JPY, USD/JPY, GBP/JPY, EUR/GBP, AUD/USD, USD/CAD, USD/TRY, EUR/TRY, USD/CHF, EUR/CHF, EUR/CAD, CAD/JPY, USD/NOK, EUR/NOK

3. Commodities: ASX (AUSTRALIA), WHEAT, COFFEE, SUGAR, GOLD, SILVER, PLATINUM, CITIGROUP (USA), OIL (LIGHT SWEET CRUDE)

4. Indices: IBEX, NIFTY, NIKKEI 225, TEL AVIV 25, TOPIX, KL FUTURE, STRAITS TIMES, NASDAQ FUTURE (USA – NASDAQ 100 FUTURE), S&P FUTURE (USA S&P 500 FUTURE), SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), QATAR (DSM20), EGX 30 (EGYPT), TADWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), RTS (RUSSIAN TRADING SYTEM), MICEX 10 (MOSCOW INTERBANK EXCHANGE), ISE 30 (ISTANBUL STOCK EXCHANGE), FTSE 100 (UK), CAC (FRANCE), DAX (GERMANY), NASDAQ (USA), S&P 500 (USA), DOW ( USA – DOW JONES INDUSTRIAL AVERAGE)

Finopex allows traders to blend a strategy through a mix of trade types. Traders can PUT and CALL, or even place Touch and No Touch trades. When a trader has a conviction position to take they will be able to find a trade option to make money. On top of this there are great 60-second binary options for traders that are well versed in their technical analysis. Those that can expertly dissect and interpret candlestick patterns, moving averages and reversal signals will be able to make fast profits in just 60 seconds. It is even possible for traders to choose several 60 second binaries and trade them simultaneously.

Finopex offers the potential for massive profits. Touch trades offered with an expiration of a week, for example, can attract profits of up to 500%. Traders that are able to understand an asset and make high yield predictions can dramatically increase their bankroll very rapidly. Even standard binaries allow profits of 81%. This is certainly a top platform for those looking for some of the highest returns available in the industry.

Customer services is at the heart of what Finopex do. They constantly strive to improve the trading experience for their clients and are available 6 days a week, 24 hours a day by phone, Skype and email. They are driven by a passion to provide the best of the best in terms of customer satisfaction, and this commitment comes across in their dedication to getting you the answers that you need.

They are always looking for ways to improve. They truly value your feedback and suggestions and have a continuous technological improvement process, which is built into their software management process. If something can be done better they want to know. This is a company that really cares about what they do.

Is Finopex a Scam?

Finopex is one of the new binary options broker and trading platforms. Finopex has shown a great deal of user-friendliness through their innovative platform and promises around 80% returns on your investments. The traders who have worked with Finopex have acquired high-quality trading experience while dealing with Finopex. One of the greatest highlights of Finopex is their excellent welcome bonus that is as high as 75% and is meant to encourage traders to take advantage of higher payouts. Finopex is owned by Simple Trade and is among the most trusted names when it comes to binary options trade.

Finopex is an impressive entrant to the binary options market. They are client-centered and understand the importance of a comprehensive offering and faultless user experience. Professionalism shines through everything they do, from administration through customer service and into the technology teams. This is a focused company with a vision to be the best. With the ground they are gaining in the industry who is to say they won’t one day achieve that goal?

OptionFair

OptionFair ceased trading in February 2020

OptionFair is the binary options service of Finopex Group. They welcome traders from all over the world except the United States. OptionFair has the distinction of being one of the first to introduce a mobile version of the binary trading platform, allowing users to trade on their smartphones.

Trading Platform

Bonuses and Promotions

Account opening bonuses are awarded to first-time traders on their platform. Periodic promotions are held as well. The amounts given out in bonuses vary and are arranged for each customer by the account officers.

Account Information

Account opening balance typically starts from $200, but traders can actually start trading with as little as $100 in their accounts. OptionFair augments this with a generous bonus of 10-30%. Minimum trade amount is $10, and traders can operate accounts in US Dollars and Euros. Account opening is an online affair, after which traders are required to send supporting documents to Optionfair.com.

Trading Requirements

OptionFair has a vast array of electronic funding and withdrawal options such as Liberty Reserve, UKash, CashU, Skrill, credit/debit cards from almost every major card processing company you can think of.

OptionFair has the distinction of having developed advanced pricing algorithms that allow some of the most competitive pricing in binary options, and permits traders to trade on both sides of the asset. If you call them the equivalent of ECN brokers in forex, you would not be wrong. The range of assets that can be traded is unparalleled. Traders can make as much as 85% on every trade.

Platforms Featured and Markets Offered

The trading platform is a web-based platform that is easy to use and has been simplified for even novices to use without difficulty. One feature of this platform is the availability of an interactive chart for every asset listed for trading. As mentioned earlier, a mobile trading platform for use on smartphones exists, taking away the restrictions of trading with a PC. Assets traded are as follows:

1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and the Yen crosses.

2) Stocks: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays

3) Commodities: gold and silver.

4) Stock index futures such as the IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.

The asset index is a lot broader than what has been listed above. A more comprehensive list is available when traders open accounts. Traders can trade the following types on the web-based trading platform.

b) Touch/No Touch Options:

c) Boundary Options: Traders are able to trade the In/Out options with OptionFair.

Traders also have the option of using the option builder to choose the assets that they can trade.

Customer Service

OptionFair has a customer support that is way ahead of its peers. Users to the support section are initially presented with a Frequently Asked Questions section, which addresses basic questions about binary options and their services. At the next level, traders can contact the multi-lingual support team via phone, email, or live chat. The customer support is very robust.

Is Option Fair a Scam?

OptionFair is a binary options trading brokerage registered in the British Virgin Islands and operates out of Cyprus. The brokerage, one of the finest in the industry, came into existence in 2020 and is said to be managed by a group of highly experienced professionals from the financial industry. They are regulated by the prominent regulatory body in the binary options industry, the Cyprus Securities and Exchange Commission. OptionFair has involved itself in a number of innovations since 2020 and has been successful in diversifying their product portfolio. In addition to this, they offer several different secure options to safeguard your transactions.

Final Word

It is an arguable fact that OptionFair ranks among the best three binary options brokers in the world. Their competitive pricing structure, payout system, wide array of funding and withdrawal options and robust customer support make them one of the most sought-after brokers. Most reviews you will get from traders who have used this service are positive. Until date, there have been no reports of traders encountering some of the problems that are commonplace with certain brokers. This is a good broker to trade binary options with.

Trading different assets and profiting on price fluctuations has been popular for years. Recently people found out about binary options trading. It’s not exactly the same as trading but it also doesn’t mean that traders who understand the market cannot use it to gain extra income.

As this type of trading is becoming more and more popular, you will see that many new binary option trading companies arise. These companies are offering different solutions and services to their clients.

First of all, if you decide that you want to try out binary trading, you don’t have to look for a trading platform. What you need is an online broker. Trading platform is something that is necessary for brokers so that you could use their services, however if you decide that you want to open your own binary options brokerage company then you’ll need to find a trading platform solution which satisfies your needs.

  • SpotOption – this is one of the most popular trading platform. You may find brokers like Banc de Binary, TradeRush, Cedar Finance, GTOptions, OptionMint, CitiTrader, Dragon Options and others running their trading platform.
  • Tech Financials – this platform is user friendly and offers wide range of features. You may find brokers like 24Option, OptionFair, Finopex, TotaleOption, LeaderOption, OptionsClick and others running their trading platform.
  • Tradologic – wide range of features characterize this platform. This trading platform is used by OptionBit, OptionXP, Optionrange, ZoomTrader, Option King, FTD Options and other brokers.
  • AnyOption – this company owns the software as well as offer brokerage services to their clients. Traders can trade binary options by using their advanced platform which was developed by AnyOption.
  • StockPair – this is a unique platform where traders can trade one asset against another. StockPair platform is also available for traders without searching for a broker which has it.

In most cases the end user will deal with a separate brand. These brands are just using one of the above mentioned platforms and solutions. Companies or brokers who are representatives/users of these platforms can be and in most cases will be absolutely different ones.

Forex Broker Reviews

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Forex and Crypto Brokers

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2020 Forex
Broker Rankings

2020 Forex Broker Rankings

In total, 3,180 data points were gathered to rate and rank 30 forex brokers. To determine an Overall winner, we weighted each category as follows:

  • Commissions & Fees (17%)
  • Offering of Investments (17%)
  • Platforms & Tools (17%)
  • Research (17%)

  • Customer Service (17%)*
  • Mobile Trading (10%)
  • Education (5%)

Click on any category name to filter results by that category. For more information, see How We Test. *For brokers who do not offer phone support, no testing was conducted and this category’s weighting was proportionally distributed among the remaining categories.

Brokers Commissions & Fees Offering of Investments Platform & Tools Research Customer Service Mobile Trading Education Overall Ranking
IG
Saxo Bank
CMC Markets
Dukascopy
TD Ameritrade
City Index
FOREX.com
XTB
FXCM
Interactive Brokers
Markets.com
Admiral Markets
Swissquote
Pepperstone
OANDA
Plus500
FxPro
ETX Capital
eToro
LCG
XM Group
HotForex
Darwinex
Tickmill
easyMarkets
Z.com Trade
AvaTrade
HYCM
ADSS
KVB Kunlun

Having spent the past five months assessing 30 of the most internationally trusted forex brokers, ranked according to our proprietary Trust Score algorithm, I am honored to present the fourth annual ForexBrokers.com Review.

As a forex professional for over 20 years, I have been on both sides of the trading spectrum. On one end, as a trader (investing), and, on the other end, as a licensed representative working at online forex brokerages. Having spoken with thousands of traders over the years, I understand the evolving challenges market participants face.

With competition fierce and forex brokers continually rolling out new enhancements to their offerings, keeping up to date is no easy task. For our 2020 Review, there were 3,180 data points collected across seven categories. Again this year, we partnered with UK-based customer experience research group Customerwise to conduct phone tests from across the United Kingdom.

Looking back at 2020, the best forex brokers continued to expand and personalize their research offerings. Additionally, they tweaked their web-based and mobile trading platforms for traders, as well as launched new products to increase their range of tradeable assets.

As regulatory requirements around the globe continue to tighten, we observed multiple brokers continue to expand their list of regulatory licenses. More regulation means more protection for everyday investors, and this a trend we certainly will continue to support. All in all, in 2020, we saw multiple brokers improve their Trust Score ratings on the site.

In the forex universe, geo-political events drive market volatility. Themes from 2020 included US policy and Trump’s trade-deals, Brexit, as well as the Hong Kong riots, negative interest rates, and general fears of global stock indices being overbought.

Looking at cryptocurrencies, Bitcoin finished higher on the year, despite continued volatility. Many cryptocurrency projects failed to gain momentum in 2020, while others are finding traction slowly but surely.

To find the forex broker for you, start with the Overall ranking and “Best in Class” category lists below. Then, read a full-length review and compare features side by side using the comparison tool to finalize your broker selection. To verify your selected broker accepts residents from your country, view our international country guides.

Since our inception back in 2020, ForexBrokers.com has helped over one and a half million investors research and compare forex brokers. While the markets are anything but predictable, you can feel confident ForexBrokers.com has your back in 2020 to help you find the right broker.

Here’s to us as global investors and our success in 2020,

Best in Class

Our “Best in Class” awards highlight the top seven forex brokers for seven primary categories and six additional categories. Each category winner is displayed below its respective section label.

Industry Awards

Each year forex brokers stand out for going “above and beyond” in the areas that matter most to clients. To recognize these FX brokers, we distribute industry awards. Here are the 2020 winners.

Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

© 2020 Reink Media Group LLC.
All rights reserved.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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