Finex Global Markets is not a licensed or regulated broker even though it states offers that look good to be true.
Finex Global Markets claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, its offices are located in Curacao and Poland. As per information we have, there is no forex regulator in Curacao, so it is impossible that the broker is regulated in Curacao. In addition, we searched the Polish Financial Supervision Authority (PFSA or KNF) but found no matching result. That means the broker is not regulated in Poland.
What's more, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Finex Global Markets was providing financial services or products in the UK without authorization. You can check the full warning from here.
The truth is, Finex Global Markets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Finex Global Markets and trade with licensed brokers.
评论