Read our Finexics review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a finexics.com review and finexics.io.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Finexics is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Finexics in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Finexics Review Conclusions
Making the Finexics review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Finexics review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Very usefull
Thanks for the help
MUCHAS GRACIAS
ACABAN DE LLAMARME Y DESPUÉS DE LEER ESTO NO PONDRE NI MI CUENTA Y NO HARÉ NINGÚN DEPOSITO.
ES MUY ÚTIL TU INFORMACIÓN.
MUCHAS MUCHAS GRACIAS
THANK YOU VERY MUCH
THEY JUST CALLED ME AND AFTER READING THIS I WILL NOT PUT MY ACCOUNT AND I WILL NOT MAKE ANY DEPOSIT.
YOUR INFORMATION IS VERY USEFUL.
THANK YOU VERY VERY MUCH
I deposited with them usung my credit card. they called me to set me up and wanted to share my screen.
they told me to download my desk.com. But my spy software said its unsafe. they ask me to send a picture on wats app of it. then they said i should disable my norton. I told them noo I want my money back I am not going any further. they agreed then phoned me back to say they will show me how to disable my norton. I still refuse to disable my norton. so she said she was trying to help me an i refuse to let them help me make lots of money. I did not even realise that the exchange would be in Euros until I was making the deposit.
Im hoping to get my money back., zero star for this company
Finexics are scammers. Do not engage with them. Everything they advertise is fake. Their trading platform is fake as well. Don’t fall for anything they say. They use names like Hopkins, Williams, Fox, Lundgren, Moreau …. all fake, of course.
Finexics are fraudsters.
They do not carry a trading license.
Do not even invest a penny with them. Their trading platform is fake. A dummy site. The manipulate it as they please. Do not fall for what they say. They use names like Martins, Hopkins, Williams, Fox, Lundgren, Moreau ….. All fake names of course.
Stay away for good.
It is to bad tha I found out about finexics after I deposited with them an amount (the minimum) three months ago.
At the beginning one of them was so willing to help me get started and called me many times.
He gave me the name NICK RIGAS
a Greek like me.
On their trading platform I watched my account grow every day but when I asked to withdraw a small amount only to check them out they vanished
The trading platform is not real
Its fake. They alter it as they like. Where have you paid your money to. A bank account? Binance account? Other?
Dear friend.
Yes I used my bank account to finexics .io (I gave the number of my cash card) . Now I have changed my card and file a doubt to my bank but it may be too late.
Thank you very much for caring.
Petros Tsompanis .
Thank you for your help.
Beware #Finexics is a scam. Your financial investment via online trading is highly at risk.
I found that the Finexics website is operated by Slingo Group Ltd, based in Nicosia, Cyprus. If this is true, the company should be registered and regulated by the Cyprus Securities and Exchange Commission (CySec), the official body that regulates forex brokers. However, the company name is not on the CySec registry, which means that this broker is not legitimate, unlicensed, and is likely a scammer that should be avoided at all costs.
Read also on Consob financial warning notices of 22 March 2021 on the supervisory authorities of illegal financial activities. You will find that Belgium (Financial Services and #Markets Authority – #FSMA) and other European and world countries reports and reported # companies and websites that offer investment, financial, and insurance services without the required # permissions. These include #finexics_com and #finexics_io.
Be wary of every single kind and condescending approach. They are crooks and criminals. They destroy the unfortunate user partner #users. They are professional experts in managing the psychological, emotional, emotional behavior of the person, or customer #customer, and situations of weakness to achieve their own #interest or profit.
They operate in many European countries, including Great Britain, Austria, Italy, Holland, Switzerland, Rome, London, Gallipoli, Genoa, Milan. They are savvy computer pirates. Be careful if #apps of any kind have been installed, such as AnyDesk The Fast Remote Desktop Application – on your mobile device, #smartphone, #tablet, #pc, computer as they continuously monitor and control you. They discover via #web, internet #networking every activity you perform on your technological device—social profiles, bank accounts, etc.
Many savers contacted by such individuals receive contractual documents bearing the FCA or Bitcoin logo and name. They claim they are staff members of the FSMA. And they are able to help people who are or have been victims of fraud to recover the losses incurred. Do not trust them is an additional scam alias Hugo Griffin as Bitcoin Network.
Report, denounce immediately To the Official Financial Authority of your own country and the Police Too.
I am writing this review to help a friend who has been a victim of scam by personal and managers on behalf of Finexics.io. They have devastated, destroyed, and ruined his family’s life.
Contact me privately to create a united, collaborative group to report such counterfeiters. They have no mercy. The more we are, the more organised we’ll be to defeat these scammers. +39 328 7350141
Oh yes the use fake names ……
Dear friends
After your information and advice about finexics I communicated with my bank and managed to get my money back from those imposters
(Finexics) plus expenses.
Thank you very much for helping
hi petros i have the same problem could you please advise me what to do ?
Hi Ioannis .
The thing that I did was very simple
I went to my bank and I filled a doubt of transactions.
The bank will ask for the date of
the transaction (when you deposit the money to finexics) and then you should wait for a week or a little longer and the bank will return the money to your account.
It will be a good idea to change your bank card that you used and the codes of web banking .
Good luck.
PETROS+TSOMPANIS
Eixes plirosei meso BINANCE i apefthias se autous?