deposit:
- 10 USDT
Trading platform:
- Proprietary platform
Finexbox Review 2024
deposit:
- 10 USDT
Trading platform:
- Proprietary platform
- 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:
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
Geographic Distribution of Finexbox Traders
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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.
Dynamics of Finexbox’s popularity among
Traders Union’s traders, according to 2023 data
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.
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
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 |
Contacts
Foundation date | 2018 |
Registration address | Republic of Seychelles |
Official site | https://www.finexbox.com/ |
Contacts |
Email:
service@finexbox.com,
|
Read also about other cryptocurrency exchanges:
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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.