Heard of finexlimited.com forex broker? Uncertain if the broker is a scam or genuine platform? We know trading good amounts of money on a safe and licensed brokerage is one of the crucial indicators that cross the mind of every trader or client.
This content promises to share helpful Finex Limited reviews to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Finex Limited Regulation
First of, Finex Limited openly says it is from a Bulgaria without with no regulatory claim, meaning that the firm is not regulated by the local Financial Supervision Commission.
Regrettably, a quick search shows the broker is not licensed by the Bulgarian Financial Supervision Authority.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from Spanish financial regulator CNMV has blacklisted the broker for public to see.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Finex Limited Minimum Deposit
As for minimum deposit, Finex Limited offers different types of accounts like Mini, Silver, Gold, Diamond and VIP, each with a different minimum deposit requirement, ranging from a Mini account with a minimum deposit of €500 to a VIP account requiring a minimum deposit of €50,000.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Finex Limited deposit requires payments through cryptocurrencies such as Bitcoin, Ethereum, and Tether. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Finex Limited Trading Software
Finex Limited offers access to a fairly basic web-based trading platform after claiming MetaTrader 4 and 5 are available. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an illegitimate forex broker like this one because you stand the chance of losing your money.
Finex Limited Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that finexlimited.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Finex Limited located at finexlimited.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!
Last Updated on August 19, 2023 by Danny