FinanceX seems to be a reputable broker. It has a nice logo and plenty of articles about it. However, there is a version of FinanceX that seems to be fraudulent. It could be that Financex is a clone that is pretending to be a first-class broker with a solid reputation. However, the suspected scam FinanceX is a far cry from top-rated brokers. Instead, it has a third-rate license and has been flagged by major European regulators.
Financex has a license from St. Vincent and the Grenadines, which means that it’s trustworthy, right? Actually not. This regulator offers very little oversight and isn’t actually regulating anything. Brokers can just pay a fee and get a license. Also, we should note Financex has been flagged by BaFin of Germany and the Austrian regulator FMA. There is never a reason to trust a broker like this. Instead, open an account with a trustworthy broker that has a license from a top regulator.
Fund Recovery experts have extensive experience dealing with scam brokers and helping people who have lost money to them. We have helped numerous clients on their path toward fund recovery. We have advanced technology and winning strategies to help you win your case against broker scams.