Name of Broker – FinexStock
Website – https://finexstock.com/
Regulated By – Blacklisted, Scam
Warning Issued By – Commissione Nazionale per le Società e la Borsa (Italy)
FinexStock is a broker that messes around with the data it gives. In this FinexStock review, we look at the features FinexStock offers. This review is an answer to the questions like – Is FinexStock legit and reliable? The survey cover parts of the broker’s license, withdrawal techniques, etc. Read this review to see what we need to say about the FinexStock broker.
The most important thing needed while trading with an online broker is it should have a controlled permit. But, FinexStock does not hold one. FinexStock, based in St James House Pendleton Way Salford M6 5FW the United Kingdom, got a warning from Commissione Nazionale per le Società e la Borsa (Italy) for illegally offering investment services to individuals. The broker tends to fraud innocent traders by luring them with fake promises. CONSOB warns the public to avoid trading with FinexStock broker.
Several new or experienced investors are trying their hands on trading without realizing if the trading platform is genuine or not. One of the major drawbacks here lies in the scam done by scam brokers, who can be any Forex Scam broker, Binary Scam broker, Cryptocurrency Scam broker, Investment Scam broker, Romance/Dating scammer, Pet scammer, or any type of scammer. These brokers have a unique yet common way of finding their victims through cold calling, creating fake websites, or pop-up advertisements.
Investors and Traders Guidelines to check FinexStock Scam
FinexStock Review – Is FinexStock Legit?
No, an anonymous site like FinexStock, which transparently looks to misdirect brokers that they are authorized and approved, is not legit. Look at our scam broker 2022 list to see more potential scam brokers.
Licensing is a significant part since we trust the directed broker somewhat to avoid anything fraudulent. Traders should check regulatory bodies like Financial Conduct Authority- FCA, Cyprus Securities and Exchange Commission – CySEC, Australian Securities and Investment Commissions ASIC, etc., before trading.
After investigating their site, it shows that they fall under no significant regulation from such authorities. That is a big alert which is enough for you to avoid this scam broker.
So FinexStock is simply one more unregulated broker that implies the traders are not secured as they will pull off your funds, and no controlling organization considers them liable.
FinexStock Review – Fund Withdrawal
When you ask your broker to withdraw your funds, they will postpone the process for a long time so that you cannot even file a chargeback any longer, and your funds may go forever. It doesn’t matter how regularly you remind them or demand in withdrawing your funds, you won’t get them back.
You can find several FinexStock complaints on the various online review sites. The low rating on several platforms makes the negatively reputation of this broker among investors. The investors have accused them of being scam brokers and state how they have been victims of the FinexStock scam and lost all their money.
FinexStock Review – Conclusion
It is not safe to trade with an unregulated broker and broker with such issues. Security of funds is an enormous issue with unregulated companies. They can undoubtedly do senseless things since they do not have to answer anyone. We can’t suggest trading with such a broker.
Compiling all the points mentioned in this review, it can be concluded that FinexStock is a potential scam broker. All Scam Reports Team is here to help you to file a complaint against FinexStock for fund recovery. All you need to do is to fill out a small FinexStock complaint form, and we will be in touch with you shortly with a free consultation.
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