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Compare Forex Brokers Finexo And Baron Forex


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Subjective Ratings

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Finexo

Baron Forex

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Two star Execution Rating Three star Execution Rating
Transaction costs (spreads): Three star Transaction Costs (spreads) Rating Four and Half star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four and Half star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three and Half star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Three star Rollover interest rates Rating
Withdrawal processing: One star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Four star Average Rating

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Business Details

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Finexo

Baron Forex

 
Registered Business Name: SafeCap Investments Limited BFX Capital Inc.
Broker Headquarters: Israel Belize City, Belize
Also has offices in: Cyprus New York, Toronto, Cyprus
Regulated By: CySEC IFSC (Belize) No. 6012909
In business since year: 2003 2008
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Unknown Several major banks in Switzerland and the UK

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Trading Details

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Finexo

Baron Forex

 
Browser platform: None None
Downloadable platform: Finexo MT4 Baron Forex Metatrader 4 (MT4)
Mobile platform: Finexo Metatrader (MT4) Mobile None
Phone dealing: No Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 1,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts       Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 47    26   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002) FIXED
Fixed spreads: Yes Yes
Guaranteed stop losses? Yes, for orders less than 3 million and outside a pre-determined range Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT) Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: No Yes, traders are free to practice any trading style.
Account currencies available: EUR, USD CAD, EUR, USD
Platform languages: English Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English English, Spanish
Demo account:   30 days
Live chat support: Yes 24/7 (even outside trading hours!) Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments:   $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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