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 2.62 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.
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.
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- 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 |
| 💵 Deposit / 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: | Spot: 0,1%-0,2% |
| 🔧 Instruments: | 225 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order 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.
Finexbox Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Finexbox demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- No successful hacks history
- 2FA
- No investor protection fund
- Not tier-1 regulated
Finexbox Security Factors
We also compared Finexbox against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Finexbox | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Finexbox a regulated crypto exchange?
Finexbox is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Finexbox is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Finexbox?
Yes, KYC verification is mandatory at Finexbox. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Finexbox available?
Finexbox complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Finexbox support.
Is Finexbox available in the USA?
Yes, Finexbox is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Finexbox commissions and fees
Finexbox received a 6.7/10 score for its trading fees. While Finexbox is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Finexbox trading fees?
We analyzed Finexbox’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Finexbox trading fees vs competitors
| Finexbox | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,22 | 0 | 0.194 |
What are Finexbox deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,001 BTC 0,01 ETH |
Does Finexbox offer P2P trading?
Yes, Finexbox offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Finexbox P2P Fees
Deposit and withdrawal
Finexbox received a 5/10 rating for its deposit and withdrawal services. While Finexbox covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank transfers for deposits and withdrawals
- P2P for flexible transfers
- Withdrawal fee applies
- No support for bank card payments
- No PayPal option
Deposit and withdrawal options
Finexbox supports the following deposit and withdrawal options: Bank transfers, Crypto.
Finexbox Deposit and withdrawal options vs competitors
| Finexbox | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Finexbox minimum deposit?
The minimum deposit at Finexbox is 10 USD/USDT or 0,001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Finexbox minimum deposit vs competitors
| Finexbox | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Finexbox support fiat money?
Finexbox supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Finexbox received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While Finexbox covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- NTFs not available
- Staking not available
Finexbox supported coins and markets vs competitors
We compared Finexbox with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Finexbox | OKX | Kraken | |
| Supported coins | 225 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Finexbox passive income options vs competitors
We also compared Finexbox with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Republic of Seychelles |
| Official site | https://www.finexbox.com/ |
| Contacts |
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