FXINKR (fxinkr.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: h5.fxinkr.com.
After for about ten months with FXINKR (fxinkr.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Educational resources|Multiple order types|Stable platform|Demo account available
Cons: Wait times can be long during peak hours
FXINKR (fxinkr.com) locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: High security standards|Full transparency
Cons: Currency conversion fee exists
Do not use FXINKR (fxinkr.com) for anything serious. I used them for about three months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast execution|Social trading features|Good mobile app
Cons: Nothing significant|Cannot customize dashboard fully
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. FXINKR (fxinkr.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Quick verification|Dedicated account manager|API access
Cons: Withdrawal takes 1-2 business days|Slow to add new assets
FXINKR (fxinkr.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-currency support|Regular platform improvements|Good mobile app
Cons: Inactivity fee applies after 12 months
FXINKR (fxinkr.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Risk management tools|Transparent fees|Copy trading available
Cons: Would like more payment methods
I joined FXINKR (fxinkr.com) through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Competitive fees|Economic calendar
Cons: Wish they had more educational resources|Account statements could be more detailed
After for about ten months with FXINKR (fxinkr.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Transparent fees|Low minimum deposit
Cons: Limited cryptocurrency options
FXINKR (fxinkr.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Competitive fees|Wide product range|Helpful community forum
Cons: Inactivity fee applies after 12 months|Limited ETF selection
My card was charged twice by FXINKR (fxinkr.com) on the same day. I had to dispute it with my bank. FXINKR (fxinkr.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Quick verification|Social trading features|Multiple order types|Portfolio tracking tools
Cons: Minimum deposit could be lower