Verified: NEEX Is Operating Through The Website Https://www.neex.com/.
Reviewed NEEX Is An Unregulated Broker
NEEX Claims To Be A Multi-regulated Broker, Allegedly Registered In Saint Lucia, Licensed By The Australian Securities And Investments Commission (ASIC), And Authorised By The Financial Sector Conduct Authority (FSCA).
However, Saint Lucia Does Not License Forex Trading Activities, So The Registration Claimed By NEEX Is Invalid.
Secondly, While NEEX Claims To Be Licensed By ASIC, Our Research Shows That The Licensed Entity It Claims To Be Associated With Operates A Different Website Which Does Not Appear To Have Anything To Do With NEEX (neex.com). Even If NEEX Is Operated By A Licensee, Its Services Are Still Not Permitted As ASIC Does Not Authorize It To Provide Services In The Forex Market.
Finally, NEEX Claims That One Of The Companies Behind It, Neex (Pty) Ltd, Holds FSP Number 49937 On The FSCA Register. However, This Number Is Actually Associated With A Different Company.
Essentially, NEEX Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To This Exchange Carries A High Level Of Risk, As There Are No Legal Safeguards To Protect Those Funds.
NEEX Appears To Be A Scam.
And Most Brokers That Are Not Compliant Do Not Disclose Providing Their Direct Real Contact Information, Such As A Phone Number Or Company Address.
Note: NEEX As An Unregulated Broker 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.
