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FinFX opinions

  • #341
  • Jun 1, 2012 12:13am Jun 1, 2012 12:13am
Quoting alvseek
I tried to access www.finfx.fi but the website seems down.

is this broker still alive?
I haven't needed to go to the site, but it seems to be just fine when I checked it a moment ago.

I haven't had a problem accessing my demo account.

Very responsive to emails. So far, so good. I expect to open a live account in the near future (in the middle of a move right now, and have no time!)

I need to have the ability to hedge, no FIFO BS, and decent leverage, all of which left town in U.S. with D 0dd-F Rank debacle. "Only risk money that you can afford to lose" always applies.
The mind thinks, the heart knows...
  • #342
  • Jun 1, 2012 7:08am Jun 1, 2012 7:08am
Quoting dn1pro
Website opens as usual, no problems whatsoever. Customer service chat is also up and being very helpful..again, as usual.
Quoting Ever E. Man
I haven't needed to go to the site, but it seems to be just fine when I checked it a moment ago.

I haven't had a problem accessing my demo account.

Very responsive to emails. So far, so good. I expect to open a live account in the near future (in the middle of a move right now, and have no time!)

I need to have the ability to hedge, no FIFO BS, and decent leverage, all of which left town in U.S. with D 0dd-F Rank debacle. "Only risk money that you can afford to lose" always applies.
Glad to hear that. The website seems down for a quite moment in asian time. (and it's not just me, i use isup.me to check).
Be the market
  • #343
  • Jun 1, 2012 8:20am Jun 1, 2012 8:20am
Quoting Ever E. Man
...Very responsive to emails. So far, so good. I expect to open a live account in the near future (in the middle of a move right now, and have no time!)

I need to have the ability to hedge, no FIFO BS, and decent leverage, all of which left town in U.S. with D 0dd-F Rank debacle. "Only risk money that you can afford to lose" always applies.
One thing I noticed compared to Oanda, the demo account was worlds easier to set up at FinFX. Oanda was a nightmare by comparison with two passwords, with length limits (15 characters, I believe) and no warning if you exceeded them.

So, the next time I tried to sign in, I got an error, and this continued until I called support. That did no good because they couldn't figure it out either.

I finally sorted it out, but then the platform stopped working (after I had put a lot of time in setting up my charts, or course! ;^) and after more time with tech support, I was told to uninstall and reinstall using a certain version of MT4, which was the same as the one that I had just used. In the end I just took it off and didn't reinstall.

By comparison the entire process of signing up and installing was painless at FinFX. Mt4 popped up without the odd error msg.'s.

Wrestling with Oanda's system of signing up with it's inhouse platform then using a bridge to MT4 was a big waste if time!

I'll try to report when I go live.
The mind thinks, the heart knows...
  • #344
  • Jun 26, 2012 9:37am Jun 26, 2012 9:37am
I had a problem with the slippage. My stop was not filled at the price it was set, the slippage was 30 pips on MT4. Interestingly enough, I sent them a complaint and they returned my funds back to the account. I almost couldnt believe it. Still, the slippage issue is too much for me and if it happens again, I am choosing another broker.
  • #345
  • Jun 26, 2012 10:07am Jun 26, 2012 10:07am
Quoting m.trader
I had a problem with the slippage. My stop was not filled at the price it was set, the slippage was 30 pips on MT4. Interestingly enough, I sent them a complaint and they returned my funds back to the account. I almost couldnt believe it. Still, the slippage issue is too much for me and if it happens again, I am choosing another broker.
is the slippage come after news release? or is it at peaceful hour?
Be the market
  • #346
  • Jun 26, 2012 12:52pm Jun 26, 2012 12:52pm
Im trying to find an decent (mt4) broker here in Europe, but its kinda hard since there are so many and I don't know which one is reliable.

How has your experience with FinFx been? Seems to be an pretty small broker comparing to for example Alpari.
  • #347
  • Jun 26, 2012 1:22pm Jun 26, 2012 1:22pm
They are actually better than Alpari. Except for the slippage problem, I only have good things to say about them. Costumer support is great, the have segregated accounts, no problems regarding withdrawals plus they just got a triple A rating from a company my buddy works for. He said it is really hard to get the AAA rating, so they are very good and reliable for sure.
  • #348
  • Jun 27, 2012 2:10am Jun 27, 2012 2:10am
Quoting Noob007
Im trying to find an decent (mt4) broker here in Europe, but its kinda hard since there are so many and I don't know which one is reliable.

How has your experience with FinFx been? Seems to be an pretty small broker comparing to for example Alpari.
How about Varengold Bank. I think the minimum deposit is $2000, but you can trade with 1:200 leverage with no maximum deposit limitation.
Measure trends automatically with zero lag
  • #349
  • Jul 10, 2012 4:50pm Jul 10, 2012 4:50pm
I was wondering as a US client how to best get set up with FinFx as far as depositing/withdrawal fees go? Anyone using them care to provide a detailed answer? I am a bit concerned with the international wire fees that may be involved, and wonder what the best way is to circumnavigate these as much as possible.

I think FinFx themselves charge a flat $30 per withdrawal wire, and am unsure how the rest would play out.
  • #350
  • Jul 12, 2012 1:02am Jul 12, 2012 1:02am
Where is the head office of FinFX? Finland?
  • #351
  • Jul 12, 2012 1:20am Jul 12, 2012 1:20am
Quoting Suomi
Where is the head office of FinFX? Finland?
Really? that is your question............

Let me google that for you



good thing there is no "anti vouch" you will be -10

Attached Image(s) (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #352
  • Jul 14, 2012 1:54pm Jul 14, 2012 1:54pm
Quoting Erebus
Really? that is your question............

Let me google that for you



good thing there is no "anti vouch" you will be -10

This company released their latest financial data some time ago and I can tell you that they are doing very well and their accounts are audited by the Pricewaterhousecoopers. Company in the good financial state is safer choice. I know where their office is located and I am able to meet them if I need to. Currently I do not see any problems with them.

btw. there is not so many Forex brokers who release their financial data.
  • #353
  • Nov 12, 2012 1:29am Nov 12, 2012 1:29am
As a US based trader I would be interested to hear any recent experiences with Fin FX by other US traders. Thanks very much in advance for any information. I am seriously considering going to them as it has proven to be difficult to work with the US based brokers.
  • #354
  • Nov 12, 2012 5:18pm Nov 12, 2012 5:18pm
Just wanted to let everyone know that I'm in the process of opening an account with FinFX right now. Got a big surprise, though, as the welcome email informed me that I would need to provide a scan of my passport as proof of ID.

I contacted the live chat folks who told me that their new "policy" was to require a passport only as proof of ID. My driver's license wasn't going to be good enough for them. They also want a recent utility bill and bank statement which have matching addresses that correspond with the address you input on your application.

The U.S. Post office says to plan on waiting 4 to 6 weeks or something once your application is in to receive your passport. Not good for someone who's been waiting for some assets to liquidate to fire up a FinFX account. Feels like one delay after another. Lucky for me the regional passport office has an opening tomorrow afternoon and travel.state.gov says that when putting in the application directly at one of these regional centers, one can expect to have the passport back in hand within 5 days.

But the total cost for this little hurdle is going to be about $200. So if you're like many out there who are trying to open an account with $100 to $200....the extra cost of the passport if you don't have one might mean that FinFX isn't the right place for you.
  • #355
  • Nov 12, 2012 10:53pm Nov 12, 2012 10:53pm
Thanks for the update FXAssassin. I'll be opening an account with them in December. Keep us posted of your progress. Fortunately I already have my passport. On the bright side, getting your passport now may be the best thing as I understand they will be getting more difficult to obtain in the coming months due to more regulation.
  • #356
  • Dec 23, 2012 3:39pm Dec 23, 2012 3:39pm
Hi Kostas I was trading the Million Dollar Pips Robot in its golden times
quite successfully (ie a few K of profits), which is a very execution sensitive bot.
I spent months testing brokers with real money and it resulted in these brokers:

 

  1. GoMarkets - had about 200msec execution time. But you have to get an AUD$ denominated account, their Euro server had a lot of connection issues etc. Their Aussie server did well.
  2. Varengoldbank FX - also fast execution, their default spreads are a bit expensive, but you can negotiate with them. I got very competitive spreads for a EUR1k account after negotiating. They are german based and regulated.
  3. Divisa Capital FX - Also very fast execution (about 150ms albeit with almost a pip of slippage). They offer low latency access to Currenex IIRC.


Probably Divisa and Varengold will have the lowest front end latency since you
are in Europe. GoMarkets' server is in Australia so YMMV.

  • #357
  • Jan 11, 2013 9:58am Jan 11, 2013 9:58am
Quoting m.trader
They are actually better than Alpari. Except for the slippage problem, I only have good things to say about them. Costumer support is great, the have segregated accounts, no problems regarding withdrawals plus they just got a triple A rating from a company my buddy works for. He said it is really hard to get the AAA rating, so they are very good and reliable for sure.
I have been trading with FinFX for a few years now and they are the best I have seen. I haven't experienced any slippage with them. I recently moved everything to their ECN Pro account, from and ECN account. They even offer a the free vps through Beeks. Execution times are less than 2ms. Customer service is spot on, available, and very quick to respond. Over the years I have been involved with many brokers and this is the first one I have no issues with. I have also never had a requote, which is something that can't be said about a lot of brokers.
  • #358
  • Jan 12, 2013 11:55am Jan 12, 2013 11:55am
Has anybody wired profits out of FinFX successfully?
Has anybody wired any money out of FinFX?
  • #359
  • Jan 13, 2013 4:42am Jan 13, 2013 4:42am
Quoting secret sauce
Has anybody wired profits out of FinFX successfully?
Has anybody wired any money out of FinFX?
Yes, many times. Never a problem.
  • #360
  • Sep 3, 2013 1:51pm Sep 3, 2013 1:51pm
Quoting dn1pro
{quote} Yes, many times. Never a problem.
Hi,

Are you still trading at FinFx ?
Is there any update in your experience with them?

Just opened account with them...

Strong.
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