Finarix

According to WikiFX data, Finarix holds a core score of 1.59 out of 10, indicating a high-risk profile. The broker is not regulated by any recognized financial authority, and the regulatory index is zero. This lack of oversight, combined with negative user feedback, suggests that the platform does not meet standard safety benchmarks. Traders should exercise extreme caution.

No, Finarix is not regulated. WikiFX assessment indicates that the broker holds no valid forex trading license. The license index is zero, and the regulatory status is listed as 'Not Regulated'. The firm operates out of Bulgaria but lacks any oversight from major financial regulators.

Finarix offers three account tiers with different minimum deposit requirements. The entry-level Takeoff account requires a minimum deposit between $250 and $2,499. The Standard account requires $2,500 to $9,999, and the Premium account requires $10,000 to $49,999.

WikiFX data does not explicitly list the trading platforms supported by Finarix. However, all three account types—Takeoff, Standard, and Premium—allow the use of Expert Advisors, scalping, and hedging, which are features commonly associated with platforms like MetaTrader 4 and MetaTrader 5. Traders should confirm platform availability directly with the broker.