Finex: Good Broker to trade NEWS- Scalping allowed

ForexCeo · #1 (**permalink**) 05-21-2007, 10:34 PM

Hi everybody! I'm an Introducing Broker for Finex, Swiss regulated Broker.

Great customer service
1000$ minimum deposit
Metatrader 4
Currenex platform (min. 250,000$)
No commissions
Fixed Spread
Hedging/scalping allowed

Varengoldbankfx Metatrader
Click here to open a live account [/url]

Contact me for more info and full assistance.

Michel · #2 (**permalink**) 05-21-2007, 11:11 PM

Quote:

Originally Posted by ForexCeo

Hi everybody! I'm an Introducing Broker for Finex, Swiss regulated Broker.

Great customer service
200$ minimum deposit
Metatrader 4 or Currenex platform
No commissions
Fixed Spread
Hedging/scalping allowed
Wire transfer(UBS bank) Paypal accepted

Click here to open a live account
All my customers will receive a free EA to trade News.
Contact me for more info and full assistance.

Question : Knowing that the smallest lot is 1 minilot (10000$) and the leverage 100, how is it possible to begin to trade with 200$, without losing your account in less than 2 hours ?
Is this a new casino or what ?

ForexCeo · #3 (**permalink**) 05-22-2007, 08:06 AM

Quote:

Originally Posted by Michel

Question : Knowing that the smallest lot is 1 minilot (10000$) and the leverage 100, how is it possible to begin to trade with 200$, without losing your account in less than 2 hours ?
Is this a new casino or what ?

Good question. Infact nobody starts with 200$. This is not a broker for newbies. People who need to practice has to use 0,01 lots with IBFX or FXDD.

ForexCeo · #4 (**permalink**) 06-16-2007, 03:31 PM

There's a new information, now you can choose to increase account leverage till 1:200
Regards.

newt · #5 (**permalink**) 06-16-2007, 04:48 PM

bad spread......

how do you expect to scalp?

Michel · #6 (**permalink**) 06-16-2007, 05:21 PM

It seems that the dirigents of FINEX are the same as Neuimex, which is in bankruptcy now . Is that true ?

scott TTM · #7 (**permalink**) 06-16-2007, 06:34 PM

Actually they are remnants of TradexFX, banned by the NFA.

Argonod · #8 (**permalink**) 06-16-2007, 06:52 PM

Finex is good in execution and is very bad on newstime with having a Big Slippage.

ForexCeo · #9 (**permalink**) 07-03-2007, 03:53 PM

other infos about Finex Group:

# 10,000 minimum trade size (mini and standard on 1 platform)
# Fixed spreads as low as 3 pips
# No minimum Stop/Limit levels
# Automatic Dealing (no dealer intervention)
# Trade up to 20 million (can offer higher on request)

Introducing Broker receive a rebate from the Broker, there are no more commission for customers.

Shinigami · #10 (**permalink**) 07-03-2007, 10:54 PM

Quote:

Originally Posted by ForexCeo

other infos about Finex Group:

# 10,000 minimum trade size (mini and standard on 1 platform)
# Fixed spreads as low as 3 pips
# No minimum Stop/Limit levels
# Automatic Dealing (no dealer intervention)
# Trade up to 20 million (can offer higher on request)

Introducing Broker receive a rebate from the Broker, there are no more commission for customers.

Please explain to people that 10.000 minimum trade size with 200:1 margin means $65 margin on EUR/USD with 0.1 lot size and $1 for 1 pip. Not everyone understands.
Spreads as low as 3? are you kidding? There are banks offering as low as ZERO! 0. and not 3.
No minimum stop/limit levels? sellstop buylimit or stoploss takeprofit?
Automatic Dealing? Why do requotes appear?
Trade up to 20 million = 200 lots? Why not 1000 lots? With leverage 100:1 20 million become 200,000. So you need like 2-5 millions to cover such a position and receive profit.
What is a rebate?
Will I need any allowances from my Central Bank to start trading if there is introducing broker in my country?

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