FinFx Rating and Trading Review

 FinFx Rating

63 89FINFx RATING REVIEW -Using the Formula V.4.0.

 

The following Rating of FinFx is based on the Forex Brokers Formula v.4.0. published in the partner site TradingCenter.org.

 

FinFx Rating Summary

Sum of each individual Main Factor of FinFx Rating Analysis (1, 2, 3, 4) 

FINFX RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 10.39% 39.96%
2.FINFX Cost of Transaction 28.00% 19.50% 69.64%
3.FINFX Trading-Options 26.00% 17.00% 65.38%
4.Technological Efficiency 20.00% 17.00% 85.00%
Overall Rating 100.00% 63.89% 63.89%

 

» FinFx Web

FinFx Rating Analysis

Analysis of each individual Sub-Factor forming FinFx total rating result. 

RATING ANALYSIS of FINFX    
TOTAL RATING 100.0%   FinFx Broker
  Weight Analysis Factor Analysis 63.89% ANALYSIS
1. SAFETY OF FUNDS at FINFX 26.00% RATING WEIGHT 10.39% FinFx Credibility Analysis
1.1 FinFx Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 0.00% FinFx is only regulated by Finnish Authorities as a corporation not a Forex Broker = 0%
1.2 FinFx Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 5.00% FinFx Home Base is in Finland = 5.0%
1.3 FinFx Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 2.00% FinFx was found in 2010 (2-5 years) = 4%
1.4 FinFx Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Yes, Segregated Client Bank Accounts at FinFx = 2.0%
1.5 FinFx Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  1.39% FinFx FX FPA=3.472 / 5.00 & Earn Forex=Unrated, Total= 3.472 / 5.0 = Rating 6.944%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Not met = 0%
2. TRADING COST at FINFX 28.00% RATING WEIGHT 19.50% FinFx Competition Analysis
2.1 FinFx Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 6.50% Typical EURUSD spread is 0.6 pips = 6.5%
2.2 FinFx Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 4.00% Typical GBPUSD spread is 1.2 pips = 4.0%
2.3 FinFx Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 4.00% Typical USDJPY spread is 0.7 pips = 4.0%
2.4 FinFx Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 1.00% commission $7 per traded lot = 1.0%
2.5 FinFx Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 0.00% Withdrawal Commissions charged by FinFx = 0.0%
2.6 FinFx Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Inactive Fees or Commissions charged 2.0%
2.7 (+) ADJUSTMENTS        
2.7.1 FinFx Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 2.00% ECN / DMA execution = +2%
3. TRADING OPTIONS at FINFX 26.00% RATING WEIGHT 17.00% FinFx Trading Analysis
3.1 FinFx Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 8.00% FinFx offers 45 Forex Currencies = 8.0%
3.2 FinFx CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 0.00% FinFx does not offer CFDs = 0.0%
3.3 FinFx Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available at FinFx = 2.0%
3.4 Leverage at FinFx 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% 200:1 max Trading Leverage at FinFx = 2.0%
3.5 FinFx Bonus & Rebate 6.00%   0.00%  
3.5.1 FinFx Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 0.00% No Bonus Policy
3.5.2 FinFx Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 0.00%  
3.6 FinFx Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum Deposit is $100 = 1.0%
3.7 FinFx Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.00% 4 deposit methods by FinFx = 2.0%
3.8 FinFx Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.00% 4 methods by FinFx = 2.0%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% 45 Forex Currencies = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% No interest on client funds = +0%
3.9.3 FinFx Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% No Real or Demo Account Competitions = +0.0
4. FINFX TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 17.00% FinFx Technological Analysis
4.1 FinFx Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 4.00% FinFx offers MT4, Currensee, FIX API, SignalTrader = 4.0%
4.2 FinFx Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 2.50% Below 1.25 pips = 2.5%
4.3 FinFx Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, FinFx allows signals from Expert Advisors = 2.0%
4.4 FinFx MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% MT4 platform is available = 2.0%
4.5 FinFx Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  1.50% Apps for iPhone, iPad and Android = 2.0%
4.6 FinFx Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 1.00% Yes to both = 1.0%
4.7 FinFx Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/5 Customer service = 0%, eMail, Phone, Live Chat = 3.0%
4.8 (+) ADJUSTMENTS        
4.8.1 FinFx PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.50% Yes to PAMM accounts = +0.5%
4.8.2 FinFx API Trading 0.50% Yes = 0.5 % / No = 0 % 0.50% Yes, API trading is available at FinFx = 0.5%

 

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FinFx Special Metrics

These are the special metrics for FinFx according to the three categories of trading experience. The rating results are based on different weight of the same formula. 

FINFXSPECIAL METRICS RATING (%) 
Based on Seperated Sub-Formulas  
FINFX Overall Rating  63.89%
Forex Begginers 62.10%
Advanced Traders 68.18%
Pro Traders 73.35%

 

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FinFx Rating Review

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