Best Finrax Brokers 2025
Discover the best brokers with Finrax deposits and withdrawals following our rigorous hands-on tests.
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1Established in 2012, CMTrading is a well-known broker among active traders, especially in South Africa. It offers four account types (Basic, Trader, Gold, Premium) and features the popular MT4 platform and its own Webtrader, creating a strong trading environment for short-term traders.
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2FP Markets, founded in 2005 in Australia, is a trading broker regulated by ASIC and CySEC, offering a wide variety of tradable assets. It provides Standard and Raw accounts suitable for all types of traders. It also offers comprehensive trading tools, including the MetaTrader suite and TradingView along with useful trading suggestions from Trading Central and AutoChartist.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $100 | 0.01 Lots | 1:200 | ✗ | FSCA, FSA | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Webtrader, MT4, TradingCentral | USD, EUR, ZAR | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
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✓ | ✓ | $40 | 0.01 Lots | 1:30 (UK), 1:500 (Global) | ✓ | ASIC, CySEC, FSA, CMA | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Finrax Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Finrax Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Finrax Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $40 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Finrax Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✓ | ✗ | 1:200 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:30 (UK), 1:500 (Global) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Finrax Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Finrax Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Finrax Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $15 | 0.1 | 0.1 | 1.0 | |
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✗ | $0 | Variable | 0.1 | 17.3 (Bitcoin) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Finrax Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| CMTrading |
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| FP Markets |
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Why Trade With CMTrading?
CMTrading is ideal for traders in South Africa seeking high-leverage trading opportunities in global financial markets. It offers a user-friendly web platform with signals from reputable providers to support short-term trading decisions.
Pros
- CMTrading has introduced an intuitive AI chart feature that provides signals in three steps: find an asset, take a screenshot of the chart, and upload it to the scanner for quick technical analysis and signals.
- Various account options—Basic, Trader, Gold, and Premium—serve traders with different needs and budgets. These accounts offer tighter spreads, trading signals, and discounts for higher-tier users.
- CMTrading is overseen by the FSCA in South Africa, ensuring operational security and accountability while adhering to industry standards.
Cons
- CMTrading's customer support is not available 24/7, which was inconvenient during testing for traders in different time zones or those with issues outside business hours.
- CMTrading offers a range of assets but has a narrower selection than leading brokers like BlackBull. It mainly focuses on forex, commodities, some indices, and crypto.
- Spreads are higher than those offered by some competing brokers like IC Markets. This could increase trading costs, especially for high-volume traders.
Why Trade With FP Markets?
FP Markets offers a great combination of reasonable pricing and quality services for traders. They maintain affordable trading costs, along with growing their investment options, analytical tools, and research capabilities. Additionally, they provide top-notch support for urgent trading concerns.
Pros
- FP Markets provides reliable support 24/5, usually responding within one minute based on tests.
- FP Markets offers a smooth sign-up process, notable for accepting cryptocurrency and more than 10 base currencies. It is suitable for traders worldwide.
- FP Markets provides an excellent range of assets for trading, including a variety of commodities and more than 10,000 stocks.
Cons
- Traders Hub offers comprehensive research including Daily Report, Technical Report, Market Insights, and Fundamental Analysis. However, it needs to broaden its daily content and keep its forex news up to date to rival top platforms like IG.
- The pricing in the Raw account is great, but the Standard account isn't as competitive. It has a higher average spread of 1.1 pips on EUR/USD trading, whereas IC Markets averages at 0.8 pips.
- FP Markets, with 130 available trading options in their MT4 Trader's Toolbox, doesn't match the top MetaTrader brokers, particularly when compared to Pepperstone's 1,300 assets. This may limit opportunities for dedicated traders.
Filters
Understanding Finrax for Cryptocurrency Transactions
Finrax acts as a bridge for handling payments in cryptocurrencies, supporting multiple currencies and enabling merchants to accept these digital transactions. It’s gaining traction among traders because it allows for instant deposits without any delays.
Choosing the Best Brokers for Finrax
To determine the top brokers that use Finrax for deposits, we:
- Reviewed a list of 500 online brokers that accept Finrax payments
- Confirmed they allow deposits and withdrawals using Finrax for trading
- Assigned them a ranking based on over 100 factors and our experiences
What Exactly is Finrax?
Finrax was created by Roberto Penchev and Miroslav Marinov and started in Bulgaria in 2018. It later moved to Estonia to obtain a business license and set up Finrax Exchange OÜ. Now, it’s available in over 170 countries, with more than 1.2 million transactions and $170 million in monthly transaction volumes.
Finrax Benefits for Various Users:
- For Businesses: Handles international transactions, invoice payments, and sharing payment links
- For Traders: Offers cheap and secure transfers, the ability to send and receive payments in crypto, and converts crypto to regular money instantly
Finrax allows traders to fund their online accounts using cryptocurrencies like Bitcoin and Ethereum, among others, with over 20 cryptocurrencies paired with 30+ regular currencies.
Transaction Speed
Top brokers that use Finrax offer nearly instant deposits, but the speed can be affected by the amount and choice of cryptocurrency. To withdraw funds, traders must verify their accounts, potentially needing to provide proof of address and identity.
Understanding Fees
Brokers using Finrax may incur blockchain fees and might either absorb these costs or charge the trader. This is why it’s important to check fee structures before choosing a broker. Generally, using cryptocurrencies with Finrax for trading is cheaper, as brokers aim to attract traders with low fees.
Security Measures
Finrax ensures safety with KYT monitoring to check all transactions, offering secure fund access and adhering to EU regulations. Transactions in cryptocurrency are generally secure as there’s no need to share bank or credit card information. But remember, using Bitcoin can have a risk of hacking, so choose reliable brokers.
How to Deposit with Finrax
Start by finding the deposits page on your broker’s site. Here’s a simple step-by-step:
- Pick a currency to deposit. You’ll be directed to Finrax’s portal to confirm your chosen crypto.
- Approve the payment and check the conversion rate.
- Once confirmed, use your crypto wallet to complete the transaction within 30 minutes using a QR code or wallet address.
You can carry out withdrawals similarly, and they are usually completed within one business day.
Advantages of Using Finrax
- Stability: Finrax shields users from the unpredictability of cryptocurrency prices by providing fixed rates.
- Speed: Fast deposits and withdrawals due to continuous fund transfers.
- Flexibility: Supports various digital tokens like Bitcoin Cash and Civic Price.
Drawbacks of Finrax
- Limited Usage: Not many brokers accept Finrax, limiting your choices.
Is Finrax Suitable for Trading?
Finrax is an excellent choice if you’re looking to fund your trading account with cryptocurrencies. It provides fast transactions and does not require sharing sensitive banking information, enhancing security.
Check out our curated list of top brokers using Finrax to begin trading.
FAQ
Can You Use Finrax for Trading?
Yes, you can use Finrax to fund trading accounts through brokers that accept it, offering a secure way to use cryptocurrencies instead of traditional bank connections.
Is Using Finrax Volatile?
While trading with cryptocurrencies can be highly volatile, Finrax minimizes this risk through stable rates, unlike some other crypto payment methods.
How Long Does it Take to Deposit with Finrax?
Deposits with Finrax are usually completed within 15 minutes, and withdrawals should take less than 24 hours, though this can depend on the broker.
Do Brokers Charge Fees for Finrax Deposits?
This varies by broker, but top brokers often cover fees if the transaction is above a certain value, making it a cost-effective method for traders using digital currencies.