FinexTrader Review : Fees, Pros and Cons, Reviews by Real Traders

FinexTrader

Operating status: SCAM

Website: https://finextrader.com/home

Broker violations and abnormal records

Jul 18, 2022 The Austria FMA Added FinexTrader into Its Warnings
On 19 July 2022, the Austrian Financial Market Authority (FMA) issued a warning that FinexTrader is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/finex-group-ltd/

On 19 July 2022, the Austrian Financial Market Authority (FMA) issued a warning that FinexTrader is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/finex-group-ltd/
Jul 24, 2022 BrokersView has Reviewed that FinexTrader is an Unregulated Forex Broker
FinexTrader claims to be a regulated broker under multiple regulations including International Regulators & Brokerage E-Markets (IRBEM), Market Financial Authority (MFA) and Swiss Financial Securities (SFINS). However, none of the organizations mentioned has authority of regulating forex activities or issuing forex licenses.
FinexTrader also claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results matched this broker in UK FCA.
Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FinexTrader is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.
The truth is that FinexTrader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

FinexTrader claims to be a regulated broker under multiple regulations including International Regulators & Brokerage E-Markets (IRBEM), Market Financial Authority (MFA) and Swiss Financial Securities (SFINS). However, none of the organizations mentioned has authority of regulating forex activities or issuing forex licenses.FinexTrader also claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results matched this broker in UK FCA.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FinexTrader is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.The truth is that FinexTrader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
Aug 22, 2022 The France AMF Added FinexTrader into Its Warnings
On 23 Aug 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that FinexTrader is not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224&page=0&sort%5Bfield%5D=date&sort%5Bsort%5D=DESC

On 23 Aug 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that FinexTrader is not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224&page=0&sort%5Bfield%5D=date&sort%5Bsort%5D=DESC
Sep 06, 2022 The Italy CONSOB Added FinexTrader into Its Warnings
On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that FinexTrader is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268

On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that FinexTrader is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268
Nov 23, 2022 BrokersView has found that FinexTrader is not working
BrokersView found the domain "https://finextrader.com/home" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://finextrader.com/home" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Jun 04, 2023 The Belgian FSMA added FinexTrader to its warning list
On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added FinexTrader to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added FinexTrader to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0
Jul 30, 2023 The Spain's CNMV issues a warning against FinexTrader
On July 31, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FinexTrader to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

On July 31, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FinexTrader to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

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Risk Warning:

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.