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Connext Forex Broker provides real users with 12 positive reviews, 4 neutral reviews and 4 exposure review!

Connext Broker Review

5.34

WikiFX monitor

Risk Control

Risk Manage

License

FSA Offshore Regulated

Connext Review 20

Latest All(20) Positive(12) Neutral(4) Exposure(4)
Exposure
Dissatisfaction and Warning About This Platform

Recently, I engaged in trading on this platform but unfortunately became a victim of a scam. I invested hundreds of dollars to purchase a service or product, only to encounter significant issues during the transaction process. Firstly, after making the payment, I did not receive any goods or services as promised, and the customer service response was extremely slow and unhelpful, failing to provide effective solutions to my concerns. Moreover, the operational details of the platform showed a lack of adequate protective measures, making me feel utterly deceived. This experience has been profoundly disappointing and has led me to seriously doubt the credibility of the platform. I urge the platform to address these issues promptly, improve its customer service system, and enhance transaction transparency to prevent others from suffering losses like mine. Additionally, I hope that my refund issue can be resolved quickly and that I receive fair compensation for my losses. Repeated attempts to contact customer support have always resulted in being told to wait 24 hours, yet the outcome remains unresolved regarding withdrawals. I advise everyone not to open accounts here as it is impossible to withdraw funds and it simply wastes time! I strongly recommend other consumers to be cautious when conducting transactions to avoid being deceived. A platform that refuses even to release a few hundred dollars is utterly reprehensible!

FX4018429438
01-31
Exposure
SCAM BROKER

''Latency Abuse''With a ridiculous excuse, the principal and all my profits were blocked and they did not send me.. No one should invest here, it is completely fraudulent activity.

Toprak Ç.
Authenticated
2024-10-10
Exposure
Scam platform

I just want my capital back, but with this platform all my money is taken. Capital and profit are taken. Be careful with this platform, it's better to use another platform with clear regulations. And all the complaints from those who have used this platform are the same. And below is the proof that my withdrawal was rejected, and they transferred my funds to their wallet.

FX4343195962
2024-09-26
Exposure
my profit remove by this cammer broker

this is a total scam broker. I don't waste your hard earn money here

Ashish7595
2024-09-21
Positive
Diverse Assets for Every Portfolio: Connext's Top-Tier Customer Support Shines

Connext's got a diverse range of tradable assets, perfect for any investor's portfolio. Plus, their customer support is top-tier, super responsive.

Xray
2024-07-16
Positive
Versatile Broker Amazes with Comprehensive Trading Tools and Swift Support

HOLY MOLY, this broker is indeed a versatile one and to be honest I was surprised by how many useful services they provide for customers. The trading platform is convenient to use and there are so many valuable features for fundamental and technical analysis. I really love combining these two methods of analysis for successful trading and it’s unreal for me to use only one type of analysis. By the way, the user interface of the platform is beautiful and intuitive. It was easy peasy to adjust to it. The support team is always available and they respond quickly to my questions. I appreciate it!

IanO4852
2024-07-03
Positive
Modern Platform, Low Fees & Leverage Options: A Brokerage Review

I think the score should be higher. They are pretty modern, and offer a lot. Low fees, low minimal deposit, huge possible leverage if you want that, 4 diffrent accounts. Its funny that

Hugo Ramírez
2024-06-26
Positive
Forex Focus with Zero Spread Raw Account, Anticipating Diverse Asset Expansion

Among four popular trading markets, i’m only interested in forex so it’s all good. Also there is a raw account with almost ZERO spreads and relatively low commissions. I think I heard that Connext has plans to launch more asset classes in the future and that's great. It would be cool to have shares, bonds or some tokens at my disposal.

patricio villar
2024-06-12

  

Connext 2025 Review: Everything You Need to Know

  Connext, a relatively new player in the forex brokerage scene, has garnered mixed reviews from users and experts alike. While some appreciate its competitive spreads and robust trading platforms, others raise concerns about its regulatory status and customer service. This review aims to provide a comprehensive overview of Connext, highlighting key features, user experiences, and expert opinions.

  Note: It's crucial to be aware that Connext operates under different regulatory entities across regions, which may affect its reliability and trustworthiness. This review incorporates diverse sources to ensure fairness and accuracy.

  

Rating Overview

Category Score (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  We assess brokers based on user feedback, expert analysis, and factual data.

  

Broker Overview

  Founded in 2022, Connext LLC is based in Saint Vincent and the Grenadines. It operates under the International Business Companies Act and offers trading services primarily through the MetaTrader 5 (MT5) platform. The brokerage provides access to a range of asset classes, including forex, CFDs, commodities, and cryptocurrencies. However, it is important to note that Connext is unregulated or operates under offshore licenses, raising concerns about its credibility.

  

Detailed Section

  Regulatory Status:

  Connext is registered in Saint Vincent and the Grenadines and claims to be regulated by the Seychelles Financial Services Authority (FSA). However, many reviews point out the lack of robust regulation, which could expose traders to higher risks. According to sources, the broker lacks valid regulation, making it a questionable choice for cautious investors (WikiFX).

  Deposit/Withdrawal Methods:

  Connext accepts deposits in USD and allows transactions in cryptocurrencies like USDT. The minimum deposit requirement is set at a low threshold of $10, making it accessible for beginner traders. However, detailed information on withdrawal methods and associated fees is limited, which has raised red flags among users.

  Promotions and Bonuses:

  The broker offers a welcome bonus of $30 upon account opening and has a rebate program that allows clients to earn up to $1.5 per lot traded. While these promotions are attractive, the terms and conditions can change without notice, which may lead to confusion (Myfxbook).

  Asset Classes Available:

  Traders can access over 60 forex pairs, various CFDs on commodities, indices, and cryptocurrencies such as Bitcoin and Ethereum. However, the range of available markets could be expanded, as some users noted a lack of exotic options (PediaFX).

  Cost Structure:

  Connext claims to offer spreads starting from 0.0 pips, with variable spreads depending on market conditions. The commission structure is somewhat opaque, with reports of commissions around $3 to $6 per lot, depending on the account type (WikiBit).

  Leverage:

  The broker offers a maximum leverage of 1:1000, which can amplify trading power significantly. While this is appealing for experienced traders, it also introduces higher risk, especially for novices (InvestReviews).

  Allowed Trading Platforms:

  Connext primarily uses the MT5 platform, known for its advanced features and user-friendly interface. Additionally, it supports cTrader, providing traders with multiple options for executing trades (WikiFX).

  Restricted Regions:

  Connext operates without clear restrictions on which countries can access its services, but it is essential to check local regulations before opening an account. The lack of regulation raises concerns about operating in regions with strict financial oversight (PediaFX).

  Customer Service Languages:

  The customer support team primarily communicates in English, with additional languages like Spanish and Portuguese available. However, feedback on the responsiveness and efficiency of customer service has been mixed, with some users reporting long wait times (WikiBit).

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  

Detailed Breakdown

  •   Account Conditions:

      Connext offers various account types, including micro, ultra, standard, and no-swap accounts, all with a minimum deposit of $10. However, the lack of transparency regarding specific benefits and commission structures is a downside.

  •   Tools and Resources:

      The MT5 platform provides a range of analytical tools and resources. However, the user interface can be somewhat outdated, making navigation less intuitive for new traders.

  •   Customer Service and Support:

      Customer service has received mixed reviews, with some users praising the support team for their responsiveness, while others have reported long wait times and inadequate assistance.

  •   Trading Setup (Experience):

      The trading experience is generally smooth, but some users have noted issues with execution speed and spread variability during volatile market conditions.

  •   Trustworthiness:

      The lack of robust regulation and numerous negative reviews regarding withdrawal issues significantly impact Connext's trustworthiness. Many users have expressed concerns about the safety of their funds.

  •   User Experience:

      Users have reported a mixed experience with Connext, with some appreciating its low minimum deposit and wide range of tradable assets, while others have voiced concerns about the platform's reliability and customer service.

  •   In summary, while Connext offers attractive features like low minimum deposits and high leverage, potential users should exercise caution due to its unregulated status and mixed reviews regarding customer service and trustworthiness.