Finexbox Review 2024
Minimum
deposit:
  • 10 USDT

Trading platform:

  • Proprietary platform

Finexbox Review 2024

Updated:
Updated: October 06, 2023

2.65

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • 10 USDT

Trading platform:

  • Proprietary platform
Trading features:
  • Investment programs are available

Summary of Finexbox Crypto Exchange

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 167 among 173 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.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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.

💰 Account currency: Cryptocurrencies
🚀 Minimum deposit: 10 USDT in the BEP-20, TRC-20, and ERC-20 networks
⚖️ Leverage: 3.3х
💱 Spread: Market 
🔧 Instruments: Cryptocurrencies
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Finexbox:

  • 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.

👎 Disadvantages of Finexbox:

  • 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.

Evaluation of the most influential parameters of Finexbox

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.32

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

2.70

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

2.48

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.64

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.00

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.22

/10

Geographic Distribution of Finexbox Traders

Popularity in

6.4%
US
United States
5.7%
PK
Pakistan
5.6%
IN
India
5.2%
BR
Brazil
4.9%
VN
Vietnam
4.1%
ID
Indonesia
3%
BD
Bangladesh
36.1%
Others
Others

User Satisfaction i

2 comments
Total score:
2 /10

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loiczeks
1 year ago

The work of the cryptocompany Finexbox, during my work with him, left a negative impression. Poor quality, incomprehensible and inconvenient site and personal account too. The careless work of the guys from the support also left an unpleasant sensation. Trade never came to fruition.

Avatar
Avatar
Andrewpr
1 year ago

Fraud! I transferred money to Finexbox, but they claim that I did not deposit anything into the account. I have proof too! But they don't want to hear anything. I'm sure they got the money, it's their scam!

Expert Review of Finexbox

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Finexbox’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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.

Important!

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.

Trading Conditions for Finexbox Users

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.

10 USDT

Minimum
deposit

1:3.3

Leverage

24/7

Support

💻 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
💱 Spread: 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

Broker comparison table of trading instruments

Finexbox Bybit MEXC Binance Lbank Margex
Forex No No No Yes No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No Yes No
Options No No No No No No

Finexbox Commissions & Fees

Information
The experts at the Traders Union analyzed the commission costs that arise when trading on the Finexbox cryptocurrency exchange. The results showed that the commission depends on the type of asset and the cryptocurrency network. In addition to the commission, a network fee may be charged (depending on the load of the network in which the digital asset is created).
Account type Spread (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
Finexbox $10 Medium
Bybit $20 High
Bitfinex $0.1 Low
Logo Finexbox
$10
$20
$0.1

Contacts

Foundation date 2018
Registration address Republic of Seychelles
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Finexbox rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Finexbox you need to go to the broker's profile.

How to leave a review about Finexbox on the Traders Union website?

To leave a review about Finexbox, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Finexbox on a non-Traders Union client?

Anyone can leave feedback about Finexbox on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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