The Official Website Of FinexTrader Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-19 The Austrian FMA Has Placed FinexTrader On The Warning List
On July 19, 2022, The Austrian Financial Marekt Authority (FMA) Issued A Warning That FinexTrader Is Not Authorized To Conduct Bank Transactions In Austria That Require A License To Operate. Therefore, The Dealer Is Not Allowed To Conduct Commercial Transactions On His Own Account Or On Behalf Of Others. You Can Visit The Following Website For Details: Https://www.fma.gv.at/en/finex-group-ltd/
2022-07-25 Our Review Confirms That FinexTrader Is An Unregulated Foreign Exchange Dealer
FinexTrader Claims To Be Regulated By International Regulators And Three Agencies: The Brokerage Electronic Market (IRBEM), The Market Finance Authority (MFA) And The Swiss Financial Securities (SFINS). However, None Of The Above Organizations Has The Authority To Regulate Foreign Exchange Activities And Does Not Issue Foreign Exchange Operating Licenses.
FinexTrader Also Claims That Its Company Headquarters Is Located In The United Kingdom. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorization Or Business Registration From The Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The UK FCA That Matched This Trader.
Furthermore, The Austrian Financial Marekt Authority (FMA) Has Issued A Warning That FinexTrader Is Not Authorized To Carry Out Banking Transactions In Austria That Require A Business License. Therefore, This Trader May Not Carry Out Commercial Transactions In His Own Account Or On Behalf Of Others.
The Fact Is That FinexTrader Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Trader Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access This Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That FinexTrader Has Not Obtained Any Valid License At Present.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: FinexTrader As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
