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Finex Trades

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Operating status: SCAM

Website: https://www.finextrades.com/

Broker violations and abnormal records
  • Apr 07, 2022 BrokersView has reviewed that Finex Traders is an Unregulated Forex Broker

    Finex Traders claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Finex Traders in FCA. That means Finex Traders is not approved to offer financial services in the UK.

    Besides, this broker claims it is regulated by the Australian Securities and Investments Commission (ASIC). However, we did not find any match results to Finex Traders in ASIC. That means Finex Traders is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.


    Finex Traders claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Finex Traders in FCA. That means Finex Traders is not approved to offer financial services in the UK.Besides, this broker claims it is regulated by the Australian Securities and Investments Commission (ASIC). However, we did not find any match results to Finex Traders in ASIC. That means Finex Traders is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

Is Finex Trades a licensed and secured forex broker?

Jigar
Denmark
Apr 13, 2022
ANSWER Finex Trades is an unauthorized broker and should be avoided at all events. Finex Traders claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results from FCA's registry. Besides, this broker claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, we did not find any matching results to Finex Traders in ASIC. So Finex Traders is not regulated by any regulators.That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.We would recommend traders stay away from unregulated brokers like Finex Traders and trade with licensed brokers.
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10 comments

Mobarak Gianni
It seems like Finex Trades favors certain types of investments and neglects others. This limited approach didn't align with my diversification goals.
Sep 13, 2023
Reply
jim Hwingwiri
The user interface of their trading platform is confusing and not intuitive. It made the whole experience unnecessarily complex.
Sep 11, 2023
Reply
Jeremy Rathore
Finex Trades is a scam.
Aug 30, 2023
Reply
Rahel Guye
The user interface of their trading platform is confusing and not intuitive. It made the whole experience unnecessarily complex.
Aug 25, 2023
Reply
Benny Emmanouilidis
I signed up for their premium service, but the results were far from premium. I didn't see any substantial difference in my returns.
Aug 22, 2023
Reply
Oluwafeyikemi Van Reyk
Hidden fees and charges have left me frustrated with Finex Trades. What seemed like a good deal turned out to be quite expensive.
Aug 17, 2022
Reply
Delorous Sanchez
Unfortunately, I incurred unexpected losses after following Finex Trades' advice. Their predictions didn't match market reality.
Aug 15, 2022
Reply
Megan Demolder
Sometimes the point difference fluctuates greatly, which is unfavorable
Aug 11, 2022
Reply
Vagia Nagraba
My experience with Finex Trades has been disappointing. Their recommendations often seem outdated, and I haven't seen significant gains.
Aug 08, 2022
Reply
FxPro Vo Vuong
I'm the most unhappy customer you have today.Nothing you did or promised was kept.
Aug 03, 2022
Reply
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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