Global Broker Regulation Inquiry App
WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Inefex

Mauritius Mauritius | 2-5 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.inefex.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Philippines Philippines 2.71
Surpassed 13.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+230 52971917
info@inefex.com
https://www.inefex.com/
Suite 803, 8th floor, Hennessy Tower, Pope Hennessy Street, Port Louis
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Mauritius Mauritius
Operating Period
2-5 years
Company Name
Novir Markets Ltd
Customer Service Email Address
info@inefex.com
Contact Number
+23052971917
Company Website
FX3157562345

FX3157562345

Unverified

Pakistan

I lost over $11,000 to this fake trading platform. This is not a legitimate trading company. They operate with fraudulent tactics: • First, they lure you with fake profits. • Then, their so-called “account managers” force you to deposit more.

Exposure

FX3614974043

FX3614974043

Unverified

Malaysia

Inefex and the financial advisor are total scammer... can't withdraw money ... Stupid fucking inefex... Followed the advisor and made my money all lost... Lost my money there.. seriously a cheater...

Exposure

Even Zh

Even Zh

Unverified

Taiwan

A small amount of money in the early stage will make you earn a lot, but you won't be able to claim any of your earnings. Within just two weeks, I kept urging you to invest and increase your savings, telling you that you would definitely make a profit, and then calling on you to increase your funds in order to increase your margin and invest in more things. In the mid-term, you suddenly realize a significant loss in profits, even increasing from $10000 to $20000 overnight. Then you will receive a notification from the system that you need to increase the deposit to protect your account, otherwise it will be frozen? Then you will receive their finance manager saying that you need to pay a 20% investment tax in order to return the original investment amount of $20000 to you? And I also told you: only you have this opportunity, others don't? But I refused... and then the financial manager will tell you: he has tried his best to fight for you, but there is no way because the company does not agree? Then he will turn around and blame you, saying: You were asked to increase the margin back then, but you didn't do that, so now your account is in this situation? I replied to him, 'I don't have any extra money to invest anymore, and I also told you back then that it's beyond my ability and there's no way to increase it. But now you're blaming me instead?'? Why don't you pay the transaction tax for me first, and then deduct it from my investment amount and give it to me? But he couldn't answer? Just asking me to give him time, asking me to wait? I have all my savings in cash, and I can't withdraw any money when I make money? Because the financial manager will only tell you: after holding on until the end of the month, you can come out with the surplus in early August. Just wait a little longer and there won't be any problems? But in the end, not only was the invested capital gone, but tonight when I looked at it, the entire official website was shut down? Even the email sent out was returned? It's really shocking and dumbfounded

Exposure

FX6807822552

FX6807822552

Unverified

Brazil

A friend had posted something about the company, and I did some research, and soon they called me. I joined the chat and gave a testimonial for 200 dollars; I even earned 1.79 on my own because I didn't have anyone's attention! I tried to withdraw the 201.79 dollars that were in my account! On 07/12/2024 and until today, 07/18/2024, I have had no response to anything, and they say it takes 3 days. Finally, someone named Anderson called me and said he was my consultant and asked inappropriate questions, but I ended up answering if I was married, but anyway, I ended up depositing more than 200 dollars with the hope of winning something! He said that. Netflix was hot and highly anticipated! I did everything he taught me, and when I went to sell, I ended up losing money, and the rest that was left in the Inefex account I couldn't withdraw! Because the first withdrawal has been stopped. Look, don't fall for that. I hope this testimonial helps someone!

Exposure

jose489

jose489

Unverified

Peru

I made an investment of 200 dollars and then an analyst called me and stopped calling me and they even downloaded all my investment balances in inefex and then they left me without any dollars and they still want to deposit more, it is a scam, don't fall for it.

Exposure

FX3164455661

FX3164455661

Unverified

Turkey

I really suggest this company people who are want to earn money from investment. You can trust them

Positive

Positive

6
Account
Biz Area
Website
Company Summary
News
Wiki Q&A
Comment

Users who viewed Inefex also viewed..

taurex

taurex

8.37
Score
5-10 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
taurex
taurex
Score
8.37
5-10 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
GTCFX

GTCFX

8.84
Score
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
GTCFX
GTCFX
Score
8.84
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
STARTRADER

STARTRADER

8.57
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.57
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
IC Markets Global

IC Markets Global

9.09
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
IC Markets Global
IC Markets Global
Score
9.09
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Website

  • United States inefex.pro
    104.21.13.224
  • United States inefex.com
    104.22.14.61

Company Summary

Inefex Review Summary
Founded2020
Registered Country/RegionMauritius
RegulationNot Regulated
Market InstrumentsCurrencies, Cryptocurrencies, Commodities, Stocks, and Indices CFDs
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadEUR/USD: 3.0 pips (Basic account)
Trading PlatformInefex Web Trader
Min Deposit€250
Customer Supportinfo@inefex.com
+23052971917

Inefex Information

Inefex is a CFD broker operating in the financial industry in Mauritius. It offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. With four different account types, clients can enjoy flexible spreads and high leverage of up to 1:400, and it charges no fees for deposits and withdrawals. However, it requires a minimum deposit of €250.

Inefex Information

Pros and Cons

Pros Cons
  • High leverage of up to 1:400
  • Lack of regulation
  • Offers four account types
  • Requires a minimum deposit of €250
  • Charges no fees for deposits and withdrawals

Is Inefex Legit?

Inefex is unregulated by any financial authorities. The domain name inefex.com on WHOIS was registered on January 20, 2020; updated on October 14, 2024; and will expire on January 20, 2028. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

Is Inefex Legit?
Is Inefex Legit?

What Can I Trade on Inefex?

Inefex offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. There's no ETF trading or bond trading. But overall, you still have a good mix of investment options.

Tradable Instruments Supported
Cryptocurrency
Commodities
Stock
Indices
ETFs
Bond
Metals
What Can I Trade on Inefex?

Account Type

Inefex offers four types of accounts: Basic, Gold, Platinum, and VIP, each requiring a different minimum deposit (€250, €25,000, €100,000, and €250,000, respectively). If you're new or prefer a lower initial investment, the Basic account is a starting point. For tighter spreads and potentially better trading conditions with a larger deposit, consider the Gold, Platinum, or VIP accounts based on your capital and trading volume.

Account TypeMinimum Deposit
BASIC€250
GOLD€25,000
PLATINUM€100,000
VIP€250,000
Account Type

Leverage

All account types offer a maximum leverage of 1:400, allowing traders to control large positions with a relatively small amount of capital.

Leverage

Inefex Fees

As the account tier increases (from Basic to VIP) and the minimum deposit becomes higher, the spreads offered on various instruments tend to decrease. For instance, on the EUR/USD pair, the spread is 3.0 pips for the Basic account, but it narrows to 1.6 pips for the VIP account.

SpreadBASIC (€250)GOLD (€25,000)PLATINUM (€100,000)VIP (€250,000)
EUR/USD3.0 PIPS2.7 PIPS2.1 PIPS1.6 PIPS
GBP/USD3.4 PIPS3.1 PIPS2.5 PIPS2.0 PIPS
USD/JPY3.3 PIPS3.0 PIPS2.4 PIPS1.9 PIPS
CRUDE OIL$0.12$0.11$0.10$0.08
Inefex Fees

Non-Trading Fees

Deposit Fee Free
Withdrawal Fee Free
Inactivity Fee Not Mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Inefex Web TraderPC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

Inefex charges no fees for deposits and withdrawals. But it requires a minimum deposit of €250 for individuals looking to open an account.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

News

Unregulated Broker Inefex Expands into the Middle East as SCA Issues Warning

News Unregulated Broker Inefex Expands into the Middle East as SCA Issues Warning

The UAE’s Securities and Commodities Authority (SCA) has issued a warning against Inefex, an unregulated CFD broker linked to low ratings and multiple complaints on WikiFX.

Inefex: Mastering the Art of Duping Forex Investors

Exposure Inefex: Mastering the Art of Duping Forex Investors

Fallen prey to high-return promises made by Inefex through social media and other platforms? Facing constant pressure from it to deposit funds despite consistent losses in trade? Most probably, Inefex has scammed you like many others. The constant foul play in its operation has been grabbing attention on forex broker review platforms. Check out some of their reviews.

Inefex Review: Unregulated Broker with Risky Withdrawal Issues

Exposure Inefex Review: Unregulated Broker with Risky Withdrawal Issues

Inefex is an unregulated CFD broker with a poor reputation. Users report withdrawal issues, fraud, and scams. Avoid trading with this broker.

Something You Need to Know About Inefex

Exposure Something You Need to Know About Inefex

Inefex, a broker operating in the financial industry has faced scrutiny due to the absence of valid regulation and a suspicious regulatory license.

Wiki Q&A

Arnold Joseph
Arnold Joseph
1-2 years

What account types can I open with Inefex?

WikiFX
WikiFX Reply

Inefex offers four account types: Basic, Gold, Platinum, and VIP. The Basic account requires a minimum deposit of €250, while higher-tier accounts such as Gold, Platinum, and VIP require larger deposits ranging from €25,000 to €250,000. From my experience, this tiered approach gives traders flexibility, but the higher deposit requirements for the Gold, Platinum, and VIP accounts could be prohibitive for those just starting out. Personally, I would recommend starting with the Basic account if you're new to trading, as it allows you to experience the platform without committing a large sum of money.

Broker Issues
Inefex
Inefex
Instruments
Platform
Account
Leverage
08-21
United States
Дмитрий
Дмитрий
1-2 years

Is Inefex regulated?

WikiFX
WikiFX Reply

Inefex is not regulated by any financial authorities, which is a significant risk factor when deciding whether to trade with this broker. As a trader, the lack of regulation means that there's no governing body ensuring that Inefex follows industry standards or that your funds are protected. Regulation is crucial because it provides a level of trust and security for traders. Without it, you're essentially trading at your own risk, and should anything go wrong, there may be little recourse. In my view, while Inefex offers competitive spreads and leverage of up to 1:400, its unregulated status raises significant concerns. I would strongly advise anyone considering trading with Inefex to be cautious, especially when it comes to depositing large sums of money. It’s important to research if this broker is "real or fake" based on its regulatory status and reputation among other traders. In my personal experience, trading with regulated brokers gives peace of mind, and I highly value that assurance when making investment decisions.

Broker Issues
Inefex
Inefex
Regulation
07-19
United States
Serious74
Serious74
1-2 years

What withdrawal methods does Inefex support?

WikiFX
WikiFX Reply

Inefex supports various payment methods for both deposits and withdrawals. The broker does not charge any fees for withdrawals, which is a great advantage. However, specific details about the withdrawal methods are not disclosed, so it's advisable to check directly with Inefex support for more information. From my perspective, it’s always beneficial when a broker offers no withdrawal fees, but I recommend confirming which payment methods are supported before you start trading, as this can vary based on your location or payment preference.

Broker Issues
Inefex
Inefex
Deposit
Withdrawal
07-15
United States
Pushpender Sharma
Pushpender Sharma
1-2 years

Is Inefex real or fake?

WikiFX
WikiFX Reply

The legitimacy of Inefex comes into question due to its lack of regulation. While it may seem like a legitimate trading platform with various market instruments such as forex, cryptocurrencies, commodities, and indices CFDs, the absence of regulatory oversight is a red flag for me. As a trader, I want to ensure that the broker I am dealing with adheres to strict industry standards and operates transparently. Without regulatory oversight, there is a higher risk of fraudulent practices. From my perspective, Inefex may offer great features like high leverage and no fees on deposits or withdrawals, but its unregulated status makes me cautious about trusting it fully. I encourage others to read "Inefex reviews" from independent sources and assess whether the potential rewards outweigh the risks. It's always essential to verify the legitimacy of a platform before committing to any substantial trading activity.

Broker Issues
Inefex
Inefex
Platform
Instruments
Account
Leverage
07-08
United States
View More

User Reviews 6

All (6) Positive (1) Exposure (5)
Even Zh
Even Zh
1-2 years
Exposure
You asked me to invest $200050 in the past two weeks, but the official website system sent a notice stating that your deposit balance is insufficient and needs to be replenished, otherwise your account will be frozen
A small amount of money in the early stage will make you earn a lot, but you won't be able to claim any of your earnings. Within just two weeks, I kept urging you to invest and increase your savings, telling you that you would definitely make a profit, and then calling on you to increase your funds in order to increase your margin and invest in more things. In the mid-term, you suddenly realize a significant loss in profits, even increasing from $10000 to $20000 overnight. Then you will receive a notification from the system that you need to increase the deposit to protect your account, otherwise it will be frozen? Then you will receive their finance manager saying that you need to pay a 20% investment tax in order to return the original investment amount of $20000 to you? And I also told you: only you have this opportunity, others don't? But I refused... and then the financial manager will tell you: he has tried his best to fight for you, but there is no way because the company does not agree? Then he will turn around and blame you, saying: You were asked to increase the margin back then, but you didn't do that, so now your account is in this situation? I replied to him, 'I don't have any extra money to invest anymore, and I also told you back then that it's beyond my ability and there's no way to increase it. But now you're blaming me instead?'? Why don't you pay the transaction tax for me first, and then deduct it from my investment amount and give it to me? But he couldn't answer? Just asking me to give him time, asking me to wait? I have all my savings in cash, and I can't withdraw any money when I make money? Because the financial manager will only tell you: after holding on until the end of the month, you can come out with the surplus in early August. Just wait a little longer and there won't be any problems? But in the end, not only was the invested capital gone, but tonight when I looked at it, the entire official website was shut down? Even the email sent out was returned? It's really shocking and dumbfounded
Exposure
Exposure
Exposure

Taiwan

No more
Write a review
Exposure
Neutral
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
6
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com