Finexo

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Information
Broker Finexo
Company Safecap Investments Ltd.
Year since 2003
Headquarters Nicosia, Cyprus
Regulation .CySEC (# 092-08)
Model MM
US Clients no
Min Deposit($) 100
ECN Account Min Deposit($) no
ECN Commission($)/rtl(Round Turn Lot)
Offer Fixed Spread yes
Offer Variable Spread no
EURUSD Lowest spreads (pips) 5 -Mini account; 3 -Standard account;
Account Currency USD, EUR
Max Leverage 200
Minimal Lot 0.01
Deposit Method Bank Wire, Credit Card, Debit Card, -WebMoney
Withdrawal method Bank Wire, Credit Card, -WebMoney
Scalping yes
Hedging yes
All EAs Allowed yes
Currency Pairs 54+
Gold yes
Gold Spread(100oz) 65
Silver yes
Silver Spread(5000oz) 6.5
Oil
CFDs yes
Other Instruments Stocks, Indices, Commodities, Energies, Bonds
MAM/PAMM Accounts MAM
Managed Accounts no
Swap-free accounts no
Segregated Accounts yes
Interest on Margin no
Bonuses & Rewards yes
Trading contests no
Trading platform MT4,
Platform Execution
Platform Time Zone GMT+2
Trailing stops yes
OCO orders yes
One-click execution yes
Trade with mobilephone yes
Trade in browser yes
API no

Company: Safecap Investments Ltd.

Note: 

2015-7-2:  Cysec fined Safecap Investments Ltd €168,000

“The Cyprus Securities and Exchange Commission (the “CySEC”) would like to inform the public that, at the meetings held on the 2nd March 2015 and on the 25th May 2015, decided to impose the total administrative fines of €168.000 to CIF Safecap Investments Ltd (‘'the Company') for violating the Investment Services and Activities and Regulated Markets Law of 2007, as in force, the Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs, the Directive DI144-2007-02 of 2012 for the Professional Competence of Investment Firms and of the Natural Persons Employed by Them and other laws. In reaching the above decision Cysec has taken into account the findings after carrying out, in May 2013, an onsite investigation and, in October 2014, an onsite inspection at the Company’s offices.”

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