Finovex Reviews & Product Details
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Finovex is a unified brokerage operations platform built for forex brokers, CFD brokers, and proprietary trading firms. It replaces fragmented CRMs, payment tools, IB systems, and prop trading platforms with a single, integrated system. One platform, one ledger, one source of truth. The platform includes four core modules: BackOffice360 (Admin CRM) for managing your entire brokerage operation, a white-label Client Portal for traders to manage accounts, deposits, and KYC, a Partner Portal for introducing brokers and affiliates to track commissions and referrals, and a Prop Trading Module for running funded trader evaluations with real-time risk monitoring. Finovex integrates natively with MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, providing real-time synchronization of balances, equity, positions, and trade history via WebSocket. The platform supports 30+ payment service providers including Stripe, Neteller, Skrill, Coinbase, and BitPay, with support for card payments, bank wire, crypto, and open banking. Compliance is built into every workflow. Automated KYC document verification, fraud detection, audit trails, and regulatory reporting come standard. The platform supports MiFID II compliance requirements for EU-regulated brokers, including client classification, appropriateness testing, and risk warnings. For prop trading firms, Finovex offers multi-phase challenge management (1-phase, 2-phase, 3-phase, and instant funding), real-time risk monitoring for 10,000+ concurrent accounts, automated drawdown enforcement, profit split calculations, and payout processing. The white-label trader portal lets firms offer a branded experience for challenge purchase, evaluation tracking, and funded account management. Everything is configurable without code. Operations staff can set up workflows, forms, permissions, and commission structures directly from the admin panel. Changes go live immediately with no developer involvement. Finovex serves regulated brokers licensed by CySEC, FCA, ASIC, and other regulatory bodies worldwide. Brokers typically go live within 1-2 weeks. Pricing starts at €2,000/month for the Standard plan and €7,000/month for Enterprise, with a one-time €500 setup fee.
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