WikiFX Scam Alert: FCA Warns Against Finex Global Markets!!!

Investors who are still trading forex at Finex Global Markets had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To start with the most essential, you may check the recent warning issued on October 26thby the Financial Conduct Authority (FCA) in the UK against Finex Global Marketson the screenshot below (source: https://www.fca.org.uk/news/warnings/finex-global-markets):

The regulatory body of the United Kingdom, called the FCA regularly issues these warnings, because there are regularly scam brokers on its markets, who try and defraud people. Most of these fraudsters operate from various offshore havens – small countries that do not regulate their Forex markets. Regardless, you need to be very careful when picking who to deal with – otherwise you can end up in serious danger!

WikiFX also paid a visit to the brokers official website to learn more. Finex Global Markets claims to have offices in Curaçao, Ukraine, and Poland but nothing was mentioned about any sort of license. If a broker actually wanted to operate in Poland, they would have to secure a license from the local Financial Supervision Authority (KNF) or another EEA regulator. Poland is an EU country which means that any broker licensed in another EU country could freely offer services there. However, this broker has not mentioned being licensed in the EU, or in Ukraine. The Central Bank of Curaçao and Sint Maarten is the authority responsible for licensing forex brokers in this country. However, Finex Global Markets did not seem to be licensed there either. This means that the broker probably does not have a license at the present moment.

Furthermore, Finex Global Markets offers access to the web-based trading platform you can see below. Such platforms might appeal to beginners because they are quite accessible while also providing a relatively decent level of functionality. However, since the broker is not legitimate, we cannot full-heartedly endorse trading with them. Moreover, such simple platforms get boring quickly and are far from the best software you could get access to.

Besides, the leverage offered here is of up to 1:200 – an attractive, yet dangerous amount which has been noted to be used by scammers as a means of attracting more deposits from the victims of the scheme.

Now let's search “Finex Global Markets” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Finex Global Markets currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In conclusion, Finex Global Marketsis a scam offshore broker that has become the subject of a scam warning issued against it by the British authorities. It seems that the firm has been offering its services in the UK without the proper authorization, which is unfortunately quite common nowadays. That is why you need to be very careful before committing to trading with any certain entity!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!