Platinex Broker Review

Platinex Broker Review – Don’t Invest In The Platinex.cc Trading Scam

The Platinum broker is a recently established company with a reputation for being one of the best in the industry. There are blacklists against the company throughout the EU, and with good reason.

Please review our trusted Platinex review and learn everything you need to know.

Please read our updated broker reviews for Lionetix, CentoGX, and C4U Capital to improve your trading knowledge.

Scam Broker Status: Unregulated

Licensed by: Unlicensed company / unregulated

1. Sites used by scammers: platinex.cc, platinex.co, platinex.io
2. Forex Trading Scam: Active
3. CONSOB / CNMV / FSMA / ATVP blacklisted as a scam
4. Lithe Group LTD owns the broker
5. Country of headquarters: Commonwealth of Dominica
   
   
6. The year of foundation is 2021
7. Platforms for online trading: WebTrader
8. Only via web browser for mobile trading
9. A minimum deposit of $250 is required.
10. A 20% deposit bonus is offered.
11. Trading Crypto Assets: Not Available
12. Trading CFDs is possible: Yes, you can trade CFDs
13. The following trading instruments are available: Forex (FX) / Commodities / Indices / Shares
14. Leverage maximum: 1:50
15. There is no Islamic account available.
16. No free demo account; only live trading accounts are available.
17. Does not accept US clients: US traders are not accepted.
18. Fraud Protection Experts’ Verdict: Stay away from this scam broker!

Platinex Regulation – Important Things to Know

In the Commonwealth of Dominica, Lithe Group LTD owns Platinex. The broker has the same address as many scammers, including KryptoEUClub and MarketLTD, so we wondered – is it a bit suspicious?

There’s more to it than just a little. As far as we can, Platinex is not regulated by the FSU or any Tier1 regulator such as FCA or BaFin.

What’s Wrong With a License? – Fake Financial Firm

We discovered that this is another fake financial firm that isn’t registered as a financial service provider. Even though the website is based in Dominica, it means nothing to you as a trader since there is no regulation or compensation fund.

Don’t let yourself become the next victim of Platinex trading scams by opening an account with an unlicensed broker.

We need to state that SagaTrade, Ceptha, and SageFX are fraudulent brokerage firms.

Scam Warnings Against Platinex

There is a long list of warnings against broker Platinex and its owner, Lithe Group Ltd. CONSOB and CNMV issued official warnings in Italy and Spain, respectively.

Belgian FSMA and Slovenian A-TVP took over and re-published the CNMV warning simultaneously.

This is based on numerous complaints regulators have received about Platinex.

Where Is Platinex Trading Fraud Active?

Among the main markets in which the broker operates are:

• Italy
• Portugal
• Germany
• Spain

Moreover, warnings from Belgium and Slovenia suggest that defrauded clients are also present here.

The Platinex scam knows no boundaries, so you should avoid accepting any investment offers from this fraudulent company.

Scammed By Platinex Broker? – Talk To Our Recovery Experts

There are many others who have been victimized by the Platinex scam. Global Fraud Protection has helped many people in your situation to get their money back after dealing with fraudsters.

Contact us as soon as possible to discuss your case. Our specialists will do their best to help you recover what you have lost in a free consultation.