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Abstract:A review of a broker that scammed a lot of investors - BEWARE
Forex trading might help you generate money quickly. However, choosing a reliable forex broker has gotten increasingly difficult as new fraudsters enter the market on a daily basis. As a result, before joining any broker, customers must do their own research. This article draws your notice to a fraudulent broker called Finex Global Markets.
A Quick Overview of Finex Global Markets
Finex Global Markets (https://finexglobalmarkets.com/) is a Curacao-based consultancy organization. The firm claims to specialize in business finance. Aside from investing services, it allows customers to explore trading possibilities in a variety of asset classes, including FX, commodities, stocks, indices, and cryptocurrencies. While there are limited options for account types, the institution does not support any third-party trading platforms. Clients may fill their accounts using a variety of payment options, including debit and credit cards, Skrill, Neteller, wire transfers, and so on. If you have any questions or issues, you may contact the firm via phone, email, or live chat.
Is Finex Global Markets Regulated?
No! Finex Global Markets is neither regulated in its native nation of Curacao nor anyplace else in the globe.
What Characterizes Finex Global Markets as a Scam Broker?
First, the broker is unregulated everywhere in the globe while claiming to be trustworthy. We discovered that there is no regulatory organization in Curacoa that gives licenses to forex trading brokers and investment businesses when cross-checking the information given on the company's website during its licensing. We also inquired with the Polish Financial Supervision Authority (PFSA or KNF) but received no response.
Second, the broker lacks a third-party trading platform, leaving customers with little alternative except to utilize its custom-built trading interface. We have reservations about the company's open trade execution policy. Client comments indicating pricing manipulation concerns with the firm demonstrate the same.
Finex Global Markets has never been blacklisted.
Yes! The FCA, the UK regulator, has banned Finex Global Markets. The FCA cautioned investors a few months ago to avoid the broker since it was not permitted to offer trading services to UK consumers.
Here is the whole explanation: https://www.wikifx.com/en/newsdetail/202210316874633825.html
What if I've made a deposit with Finex Global Markets?
You should contact the broker right away to seek a withdrawal. We have serious doubts about the company's validity since it isn't even registered anywhere. Essentially, who knows when the firm may go, leaving you barehanded?
Conclusion
Finex Global Markets is a well-known fraud. To deceive investors, the corporation poses as a reputable business. When the business was accused of malpractices in transaction execution and withdrawal processing, it got a warning from the FCA, a forex regulator. As a result, we do not suggest that you entrust your money to this firm.
You can find out more about Finex Global Markets here: https://www.wikifx.com/en/dealer/4206491790.html
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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