Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

FINEX TRADE

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://finex-trade.com/

Website

Rating Index

Contact

support@finex-trade.com
https://finex-trade.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

FINEX CAPITAL MANAGEMENT LLP

Abbreviation

FINEX TRADE

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FINEX TRADE · WikiFX Survey

Users who viewed FINEX TRADE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GO MARKETS

8.98
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

FINEX TRADE · Company Summary

GENERAL INFORMATION

Finex Trade is a Forex broker that was blacklisted by the UK financial watchdog FCA. An official warning being issued by a financial regulator is the ultimate proof that a certain broker is a scam and you should avoid it.

Apart from the warning itself there are many other red flags that we managed to detect while doing this review, which undoubtedly prove that Finex Trade is a fraud. Find out everything you need to know about this Forex broker in the full Finex Trade review.

Finex Trade presents itself as an FCA regulated Forex broker which is run by FINEX CAPITAL MANAGEMENT LLP and acting on behalf of its parent companies operated by FINEX Ltd. But upon searched through the register of FCA and instead of a license the result found was a warning, stating that Finex Trade is a clone firm. Clone firms are abusing the names of a genuine firm, its registration numbers, reference numbers or other legal details linked with the authorized company. In this way the scammers are trying to mislead the people and trick them into believing that they are dealing with a legit Forex broker.

Therefore Your funds are in danger if you make a deposit with Finex Trade, its an unlicensed, unauthorized and unregulated, proven to be a scam Forex broker, which should be avoided. Report to WikiFX immediately if some of their representatives contact you, offering products and services.

There are bonuses, however, offered by Finex Trade, starting from 10% on the deposit. The bonuses and similar to them trading incentives are banned in Britain, which once again proves that Finex Trade is a scam Forex broker, trying to defraud the traders.

ACCOUNT AND LEVERAGE

The broker offers five account types for traders to select with, starting with Basic account with minimum deposit of $250 and spreads floating of 2.0, then Siocer account with minimum deposit of $1000 and spread floating at 1.1. Then Gold account type with minimum deposit of $5000 and floating spread of 0.8-1.2. Platinum account with minimum deposit of $10000 and and a floating spread of around 0.6-1.2. And then the last account type which is diamond with minimum deposit of about $25000 and 0.4-1.2. Even though based on the reviews from others, it shows that those spreads highlighted on their website are fake.

The leverage is said to be of up to 1:500, which undeniably proves that Finex Trade has nothing to do with FCA regulation, because the British watchdog has capped the maximum leverage that can be offered by the licensed Forex brokers at 1:30, as a customer protection measure.

TRADING INSTRUMENTS

The available Trading instruments on offered by this broker includes :forex, commodities, indices, and stocks.

TRADING PLATFORM

Finex Trade does not offer Metatrader4 or Metatrader5 accounts to the traders, instead they are providing the customers with some web-based platform having a strange address- web.trading-space.com. It is a red flag itself, because you are being redirected to some totally unknown page that hasnt been mentioned anywhere on their web-page. Demo trading is possible, however, which is probably the only positive thing that we can say about this Forex broker.

DEPOSIT AND WITHDRAWAL METHOD

The minimum deposit is said to be $250, and the funding methods are supposed to be Credit/Debit cards, wire transfers and Bitcoin. We cannot confirm that these payment systems are available, however, because we were unable to visit their website. Definitely a major red flag, its yet another proof that Finex Trade is a scam.

No minimum withdrawal amount and no withdrawal fees known, which is a red flag.

No dormant account policy and no fees for inactivity known, which is a red flag.

CUSTOMER SERVICE

Although All of the other contact information that the broker has provided matches perfectly with the one in the warning as well, but the said the that clients can reach them through those phone numbers and emails. provided.

Email: support@finex-trade.com

Telephone: 02080899986

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

YOYO8674
more than one year
FINEX TRADE's website is closed, friends, so don't waste your time here.
2023-02-22 11:22
Reply
0
0
丁头岗
more than one year
I see this company has sold their domain name, that's why you won't get anything wasting your time and energy here.
2023-02-14 15:53
Reply
0
0
淡然~
more than one year
Unenjoyable experience. Their customer service is very rude. As soon as you ask "why" they're getting ****** off and blame you. Don’t waste your time on them!
2022-12-08 18:24
Reply
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com