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.

Won’t you rather trade with a licensed and legit 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

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.

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