Is Finexey a Legitimate or Scam Broker? Find out!
Finexey claims to be located in the United Kingdom, but it does not have a license from the Financial Conduct Authority or the FCA. Every financial company in the UK must have a license from the FCA. Instead, Finexey has a license from St. Vincent and the Grenadines. So this means Finexey is a licensed broker, right? It is more complicated than that.
What Is the Issue with Finexey? Read the Following.
St. Vincent and the Grenadines is not a reliable license. It is not enough to ensure that the broker has a license, but the license must be from a top-tier regulator. St. Vincent and the Grenadines will give a license to anyone who applies and pays the fee and provides almost no oversight. Another problem with Finexey is that it only allows cryptocurrency deposits, which is a sign that they want to avoid giving refunds and withdrawals, since cryptocurrency is hard to trace.
Is Finexey a Scam Broker? Here Are Some Red Flags
The following are some red flags concerning Finexey:
- Third or fourth rate license
- Accepts only cryptocurrencies which is hard to trace
- Is not forthright about licensing
- Lack of transparency
If You Have an Account with Finexey Broker
Close your account and ask for your money back. If you can’t get a withdrawal contact ReportScamOnline experts right away. We will consult with you and will guide you on the road to fund recovery. The ReportScamOnline team has combined decades of experience dealing with hundreds of financial institutions.
Fund Recovery from Finexey