XINFX Forex Broker

Note: XINFX's official website: https://www.xinfx.com is currently inaccessible normally.XINFX Information XINFX is an exchange registered in the United States in 2020. Its regulatory status is “Unauthorized by NFA,” which means it is not regulated.Is XINFX Global Legit？National Futures AssociationCurrent StatusUnauthorizedRegulated ByUnited StatesLicense TypeCommon Financial Service LicenseLicense No.0510359Licensed InstitutionHONG KONG XIN MARKET GROUP LIMITED XINFX does not have regulatory authorization from the National Futures Association. Trading on an unregulated platform may expose investors to risks such as unprotected funds and fraud. It is advisable for investors to choose regulated platforms. Downsides of XINFXUnavailable Website:XINFX's official website is currently inaccessible, indicating extremely poor platform stability. This makes the platform unreliable.Lack of Transparency:The XINFX website cannot be opened, and no valid information about XINFX can be found online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.Regulatory Concerns:XINFX is unauthorized by the National Futures Association, meaning it lacks official oversight and protection, exposing users to financial risks.Fraudulent Activities:Users have reported that XINFX customer managers guided them into fraudulent activities, resulting in losses of up to $70,000. Users should be very cautious about risks when trading on this platform.Negative XINFX Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. As of now, there were 1 pieces of XINFX exposure. Exposure.Fraudulent ActivitiesClassificationFraudulent ActivitiesDate2018-06-11Post CountryHong Kong The user reported being recruited into a group by a customer manager and subsequently joined a so-called “trading team” where they discovered it was a fraudulent activity, resulting in a loss of up to $70,000.Conclusion As an unregulated trading platform, XINFX carries high risks. Additionally, XINFX's website is no longer operational and shows a domain for sale message when clicked. It is recommended that investors choose other well-regulated and reputable exchanges to safeguard their investments.