While thinking to yourself that Finexo is a regulated Cypriot broker safe for investing, you should know that today we will be speaking of an imposter.
Besides finexo.com, a legit company, we have finexo.io pretending to be legitimate. So, read the Finexo review and get all the information about your funds’ safety.
But before you continue reading this article, we encourage you to read our recently updated ProFundsEU, AlpsMarkets and InstaForex scam broker reviews. Without a doubt, it will save your money, nerves and time!
|Broker Status:||Offshore Scam Broker|
|Regulated by:||Unlicensed Company / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||CONSOB / DFSA / FSMA|
|Broker Owner:||STRAT LTD|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Online Trading Platforms:||WebTrader / MT4|
|Crypto Asset Trading:||Available|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Currency Pairs (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)|
|Islamic Account:||Not Available|
|Free Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
Finexo Regulation – Is The Broker Legit?
As mentioned, finexo.io is not anyhow related to a legit company from Cyprus. In fact, it’s owned by STRAT LTD from Saint Vincent and the Grenadines and has no license.
As we’ve mentioned multiple times, SVG has no official financial regulator but an FSA that registers trading firms and directs them to opt for the regulation in the country of service.
Therefore, it was logical to look for Finexo regulations with CySEC, FCA, ASIC, and other Tier 1 regulators.
Questions About Finexo License – Reputation Problems
Since Finexo is unregulated, we’ve decided to check its reputation among investors. And, as you can imagine, the situation is not as good. Since the broker has nobody controlling its activities and defrauds clients, saying it belongs to a CySEC-regulated entity, Finexo forex brokerage is risky for your funds.
We would advise you against investing any money in this illicit operation.
Scam Warnings From Financial Watchdogs
Learning that the company presents itself as legit in the EEA zone, we had to ask whether some regulators from the area noticed its activities. Our suspicions have been confirmed.
We found official Finexo complaints and warnings in Italy by CONSOB, Denmark by DFSA, and Belgium by FSMA.
All of these authority bodies marked Finexo as a trading scam.
Finexo Login Problems – One Of The Signs Of A Scam
We recently came across Finexo reviews stating that the broker’s website has been down for a while and clients cannot log in to their accounts. It’s a common scam sign since many brokers decide to shut off operations when they receive too many regulatory warnings.
Let us know if you’re experiencing Finexo login issues for more than a few hours. This probably means your funds are at risk and we need to react as soon as possible.
What Are Trading Platforms Available? – Trading Software
Whatever we may say, the Finexo trading platform offer was a solid surprise. Besides regular Web trader, the broker offers MT4, which is always a pleasant thing to see. From what we’ve had a chance to see, MT4 is an advanced version adjusted to an automated trading system this company provides.
This fact, along with Finexo bonuses, is very suspicious as only scam brokers offer those two combined and hope clients will not be able to withdraw their funds.
The leverage on both platforms is up to 1:500, showing that the company cannot be legit.
On the other hand, Web trader is a typical TradingView chart with fewer indicators and chart types.
To start trading, Finexo’s minimum deposit is $250, and there’s no Demo account, so you will have to give away the funds even just to verify the offer.
Range of Trading Instruments & Markets
When it comes to trading instruments, the offer is rather solid. The broker enables trading with:
- Currency Pairs – majors and minors
- Commodities – gold, oil, silver
- Cryptocurrencies – BTC, ETH, XRP
- Shares – Facebook, Amazon, Google
- Indices – FTSE100, S&P500, NASDAQ
All assets are available on both platforms without any spread disclosed.
Finexo Scam – Don’t Put Any Money Into This Broker
Since Finexo proved itself to be an unreliable Forex and CFD provider, there’s no reason to put your funds into the company. All you will get is an unregulated trading scam that will extort your funds and disappear.
If you have already deposited your funds, we may try to help you get them back. There are a few things to try before giving up. So, let’s start working on the refund before it’s too late!
Scammed By Finexo.io Broker? – Talk To Our Recovery Experts
If you fall victim to the Finexo scam, let us know. Our chargeback specialists will help you find the best solution for your particular case. Instead of giving up and letting scammers run with your hard-earned money, contact us via online chat and book your free consultation.
Let’s start working towards a refund now!
All In All, Don’t Let the Scammers Get Away for Free!
What Is Finexo.io, And Should I Invest Money In It?
Basically, Finexo is an online Forex and CFD provider, clone firm of a legit company.
Can I Trade Cryptocurrencies And CFDs With Finexo.io Broker?
Yes, you can trade both crypto and CFDs with Finexo.io broker.
Does Finexo.io Have a Mobile Trading App?
Yes, Finexo does have a mobile app for Android and iOS devices.