Finexo Broker Review

Finexo Broker Review – Finexo.io Is A Clone Of a CySec Regulated Broker

Despite thinking that Finexo is a safe Cypriot broker, we will be discussing an imposter today.

There is also finexo.io pretending to be legitimate, in addition to finexo.com, a legit company. Check out the Finexo review to learn more about the security of your funds. Our recently updated scam broker reviews for AquaTrade, CoinMaxis and CoinRise are recommended before you continue reading. There is no doubt that it will save you money, nerves, and time!

1. Scam Broker Status: Offshore
2. Unlicensed company / no regulation
3. Websites of scammers: www.finexo.io
4. Operational Status: Active Forex Trading Scam
5. CONSOB, DFSA, FSMA blacklist it as a scam
6. Owner of the broker: STRAT LTD
7. Country of headquarters: Saint Vincent and the Grenadines
8. The foundation was founded in 2021
9. Trading platforms: WebTrader / MT4
10. Trading on mobile devices is available.
11. The minimum deposit is $250.
12. Bonuses for deposits: Available
13. Trading Crypto Assets: Available
14. You can trade CFDs: Yes, you can
15. Cryptocurrencies (Cryptos) / Commodities / Indices / Shares / Currency Pairs (FX)
16. Maximum leverage of 1:500 is allowed.
17. No Islamic Accounts are available.
18. Demo Accounts are not available, and only live accounts are available.
19. US traders are not accepted: US traders are not accepted.
20. According to Global Fraud Protection Experts, don’t invest in this scam broker.

Finexo Regulation: Is The Broker Legit?

Finexo.io is not in any way related to a legitimate company from Cyprus. It’s owned by STRAT LTD from Saint Vincent and the Grenadines and has no license.

In SVG, there is no official financial regulator but an FSA that registers trading firms and directs them to opt for the local regulation.

Finexo regulations were checked with CySEC, FCA, ASIC, and other Tier 1 regulators.

Questions About Finexo License – Reputation Problems

We decided to check Finexo’s reputation among investors since it is unregulated. It’s not as good as you might expect. Finexo forex brokerage is risky because it has no control over its activities and defrauds its clients by saying it is CySEC-regulated.

You should not invest any money in this illicit operation.

It is important to note that SuplexDeals, My24Coin, and EqualityFin are all fraudulent brokerage firms.

Scam Warnings From Financial Watchdogs

We asked whether regulators in the EEA zone had noticed the company’s activities after learning that it presented itself as legitimate in the zone. The suspicions we had were confirmed.d.

A Finexo complaint was found in Italy by the CONSOB, a Finexo warning was found in Denmark by the DFSA, and a Finexo notice was found in Belgium by the FSMA. 

Finexo was marked as a trading scam by all of these authorities.

Finexo Scam – Don’t Put Any Money Into This Broker

Finexo has proved to be an unreliable Forex and CFD provider, so you should not invest in it. A scam that extorts your funds and disappears will be all you get.

It may be possible to get your funds back if you have already deposited them. Try a few things before you give up. The refund process can now begin!

Scammed By Finexo.io Broker? – Talk To Our Recovery Experts

Let us know if you fall victim to the Finexo scam. Let us help you find a solution best suited to your particular case with the assistance of our chargeback specialists. Get your free consultation today instead of giving up and letting scammers run off with your hard-earned money.

Let’s get started on the refund process!