Finexbox Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 10 USDT
- Proprietary platform
- Investment programs are available
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 10 USDT
- Proprietary platform
- Investment programs are available
Our Evaluation of Finexbox
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Finexbox is a high-risk cryptocurrency exchange with the TU Overall Score of 2.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Finexbox clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Finexbox ranks 166 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The Finexbox cryptocurrency exchange has over 120 digital instruments. There are key digital coins, plus rare cryptocurrencies that are not available on most other crypto exchanges.
Brief Look at Finexbox
The Finexbox crypto exchange was launched in October 2017 by its owner, the Finexbox Group Ltd. and it is registered within the jurisdiction of the Republic of Seychelles and headquartered in Singapore. The company has registered representative offices in China (reg. no. 91440101MA5CKE1N94) and in the UK (reg. no. 11673783). Finexbox’s daily trading volume is more than $100 million.
- availability of an official license;
- ● centralized monitoring by state and international regulators;
- ● available margin trading;
- ● optimal commission costs;
- ● optional identity verification;
- ● ability to customize the interface with your choice of colors, themes, turn on/off system alerts, and customize which tools are visible;
- availability of a P2P market;
- availability of the FNB native token;
- proprietary mobile app;
- availability of rare cryptocurrencies such as XJP, BEC, and VRZ.
- poor-quality translation of website pages causing problems with understanding the interface and information;
- no cold wallet for storing digital assets;
- unadaptable website, the interface of which does not properly adjust to the smartphone screen. Therefore, it is better to use the Finexbox app on mobile devices.
TU Expert Advice
Financial expert and analyst at Traders Union
The Finexbox cryptocurrency exchange started its activity in 2017, so it is a relatively young platform. By the end of its first week, the trading volume exceeded $400 million, which is an impressive indicator for a centralized exchange. In addition to spot trading, Finexbox also offers margin trading and IEO investing (working with the initial exchange offers).
The Finexbox crypto exchange issues a proprietary FNB token. Holders of a native digital asset can vote for the listing of cryptocurrencies. There is a standard referral system. The exchange accrues up to 30% commissions for each invited partner.
The Finexbox digital asset exchange, in addition to spot trading, offers margin trading through the P2P financing market. Due to this, users of the cryptocurrency exchange can safely trade with a leverage of up to 3.3x.
Finexbox Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank card, credit cards, P2P cryptocurrency exchange, and third-party services |
| 🚀 Minimum deposit: | 10 USDT in the BEP-20, TRC-20, and ERC-20 networks |
| ⚖️ Leverage: | 3.3х |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Investment programs are available |
| 🎁 Contests and bonuses: | Offered regularly |
The Finexbox cryptocurrency exchange has one of the lowest commissions among the more popular crypto exchanges, and the commission for the taker and maker is 0.1%. Depositing digital assets is free, but there is a withdrawal commission. The deposit processing time is from 100 to 200 minutes. If after this time the cryptocurrency has not credited your deposit, you need to contact technical support.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $10 | Yes |
In the ranking, which is presented in the table below, TU used the results of a comparative analysis of the commissions at the Finexbox cryptocurrency exchange and more popular crypto exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$10 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
An IEO is one of the varieties of ICO (token presale), which is conducted under the control of a cryptocurrency exchange even before a digital asset is placed on a centralized or decentralized exchange. The main difference between IEO and ICO is control by the exchange, so there is zero chance of fraud. This means that the Finexbox cryptocurrency exchange acts as an intermediary and a guarantor of security.
Within the scope of the IEO, the cryptocurrency exchange offers investment in 20 cryptocurrencies, including:
BITCCA;
ICMX ICOMEX;
DOGEDNA;
QUE;
AGCOIN;
(Xi9) LENIUM-BULL.
To participate in the Finexbox IEO, you must have a native FNB token. The larger the number of your digital assets, the more chances there are to become a participant in the presale of IEO tokens.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Finexbox's affiliate program
The Finexbox cryptocurrency exchange offers a one-level referral system for clients, and according to its conditions, a reward of up to 30% is accrued for each invitee. To reduce commission costs, you can use the activity reward.
User Satisfaction