Heard of Inefex.com broker? Attention traders! Here is what you must know about this trading broker. See Inefex reviews to find it out.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Inefex
Inefex otherwise known as inefex.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
What We Discovered about Inefex Regulation
First of, Inefex is operated by Novir Markets Ltd which is based in Mauritius.
Inefex claims that the Financial Services Commission of Mauritius licence makes it “authorized and regulated” but this is misleading to say the least.
To clear the doubts, we searched the registers of the FSA of Mauritius it became crystal clear that Inefex is not licensed therefore it offers financial services outside the law.
Furthermore, this broker does not offer money back guarantee which means trading on such platform is clearly putting your funds at a risk of scam.
These drawbacks are for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Inefex Minimum Deposit for Traders
Inefex offers variety of trading account for clients. According to the account descriptions, the broker leverage is capped 1:500.
The broker Inefex specifies its minimum deposit €250. 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.
Inefex advertises that it allows deposit with credit cards, wire transfer and e-wallets such as Skrill, Neteller and PerfectMoney. But only the first two options are available in the deposit
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!
Inefex Trading Software
Inefex offers access to a fairly basic web-based trading platform. 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.
Inefex 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 inefex.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
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
Final Thoughts:
Inefex FX located at inefex.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.
Was the information helpful? Please share with us your experience in the comment section below. Thank you!
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It’s fake don’t trust them account manager Umer is fraudster. He forced me to deposit 500$ then he makes me to fake trade & I lost my 700$ in one night Umer I want my money back
Fraud. Never give u a number for contact them only give email address & tell u for contact with email and wait for call I lost my 700$ & now I can’t contact them my account manager Umer does not reply my mail also I am trapped
INEFEX, TOTAL Fraud
REMAIN AWAY.
KEEP RECORD OF EVERY CONVERSATION, SCREEN, SHORT, ETC., FILE FIR IN CYBER POLICE AND ONLINE COURT, LIKE ME, TO GET BACK MONEY, AND IMPORTANTLY, TO GEY IT BANNED IN INDIA TOTALLY…
I hope this gets to anyone out there trying to invest in any investment company, make sure you’re smart enough so they don’t milk you dry of your money, I was once a victim to an investment scam company after repeatedly asking for more money on several occasions to invest in their projects , they scammed me, they were so unprofessional and blocked me, don’t trust their lies, they are not real, don’t forget that thanks to flashreclaim g Mail . com for the help IM grateful