The FMA in Austria warns against Finex Group Ltd.

Finex Group Ltd. is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Article 1 para. 1 no. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)).

Details of the unauthorised firm - Finex Group Ltd.

Entity Name: Finex Group Ltd.
Address: United Kingdom
Web: https://www.finextrader.com/
E-Mail: [email protected], [email protected]

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Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.