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Inefex Forex Broker provides real users with 7 positive reviews, * neutral reviews and 4 exposure review!

Inefex Broker Review

1.34

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Business

Influence E

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No license

Inefex Review 11

Latest All(11) Positive(7) Exposure(4)
Exposure

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...

FX3614974043
01-13
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

Even Zh
2024-07-29
Exposure
It is impossible to withdraw.

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!

FX6807822552
2024-07-19
Exposure

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.

jose489
2023-12-11
Positive

I trusted them and I enjoy with my money :) just give them a chance

FX3779525659
03-26
Positive

You can trust them they are really experienced

FX3609492578
03-25
Positive

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

FX3164455661
2023-05-18
Positive

They are amazing

FX4526886432
03-25

  

INEFEX 2025 Review: Everything You Need to Know

  Summary: The overall sentiment surrounding INEFEX is predominantly negative, with numerous user complaints highlighting issues related to withdrawals, fraud, and poor customer support. The broker operates without robust regulatory oversight, raising significant concerns about its legitimacy and the safety of traders' funds.

  Note: It is essential to be aware that INEFEX operates under multiple entities across different regions, which can complicate regulatory scrutiny and accountability. This review aims to present a fair and comprehensive analysis based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Experience 3
Trustworthiness 1
User Experience 2
Withdrawal Process 2

  We rate brokers based on user feedback, expert analysis, and available data.

  

Broker Overview

  Established in 2020, INEFEX is an online trading platform owned by Novir Markets Ltd, located in Mauritius. The broker claims to offer a variety of trading instruments, including forex, stocks, commodities, cryptocurrencies, and indices. INEFEX utilizes the popular MetaTrader 4 (MT4) platform for trading, providing users with a familiar interface equipped with essential trading tools. However, the broker lacks robust regulatory oversight, which raises significant concerns about its operations and the safety of user funds.

  

Detailed Section

  Regulatory Status and Geographical Presence:

  INEFEX operates without a valid regulatory license, raising red flags about its legitimacy. Although it claims to be registered with the Mauritius Financial Services Commission (FSC), many reviews indicate that this regulatory body does not provide adequate oversight compared to major regulatory authorities like the FCA or ASIC. This lack of regulation means that traders have limited recourse in case of disputes or fraud.

  Deposit and Withdrawal Options:

  INEFEX accepts deposits in various currencies, including USD and EUR, with a minimum deposit requirement of €250. However, users have reported significant issues when attempting to withdraw funds, often facing delays and unresponsive customer service. Many users have shared experiences of being pressured to deposit additional funds under the guise of needing to meet withdrawal criteria, which suggests manipulative practices.

  Bonuses and Promotions:

  While INEFEX may offer bonuses or promotions, the details are often vague and not clearly outlined. Such promotions can sometimes come with stringent conditions that may not be favorable to the trader, further complicating the withdrawal process.

  Asset Classes:

  INEFEX claims to provide access to a wide range of trading instruments, including forex pairs, stocks, commodities, cryptocurrencies, and indices. However, the quality of these offerings is questionable due to the broker's overall reputation and user feedback.

  Costs:

  Users have reported high spreads, such as 3.0 pips for major currency pairs, which are not competitive compared to other brokers. Additionally, there are reports of withdrawal fees that can significantly erode profits, along with hidden costs that are not disclosed upfront.

  Leverage:

  INEFEX offers high leverage of up to 1:500, which can amplify both potential gains and losses. While high leverage can attract traders looking for substantial returns, it also poses a significant risk, particularly for inexperienced traders.

  Trading Platforms:

  The primary trading platform offered is MetaTrader 4 (MT4), which is a widely recognized and user-friendly platform. However, the absence of a demo account option limits new traders' ability to familiarize themselves with the platform before committing real funds.

  Restricted Regions:

  INEFEX does not clearly specify any restricted regions on its website, but it is important to note that operating in jurisdictions with stringent financial regulations may be prohibited.

  Customer Support:

  Customer support has been a significant pain point for users, with many reporting unresponsive service and difficulty in resolving issues. The broker offers support through phone and email, but the lack of timely responses raises concerns about their commitment to customer service.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Experience 3
Trustworthiness 1
User Experience 2
Withdrawal Process 2

  

Detailed Breakdown

  •   Account Conditions:

      Users report that the account conditions are not favorable, especially with the high minimum deposit and unclear terms regarding bonuses and promotions.

  •   Tools and Resources:

      While INEFEX claims to offer a variety of educational resources, the lack of transparency and user-friendly materials limits traders' ability to make informed decisions.

  •   Customer Service and Support:

      The customer service experience is predominantly negative, with many users expressing frustration over unresponsive support and unresolved issues.

  •   Trading Experience:

      The trading experience is marred by reports of manipulated accounts and difficulty in executing trades, leading to user dissatisfaction.

  •   Trustworthiness:

      The overall trustworthiness of INEFEX is severely compromised due to its unregulated status and numerous user complaints regarding fraudulent practices.

  •   User Experience:

      Many users have shared their negative experiences, highlighting issues with withdrawals and the pressure to make additional deposits.

  •   Withdrawal Process:

      The withdrawal process is fraught with challenges, with many users reporting delays and unfulfilled requests, indicating a serious lack of reliability.

      

  •   

    Conclusion

      In summary, INEFEX presents numerous red flags that potential investors should consider before engaging with the broker. The combination of unregulated status, poor customer service, and negative user experiences suggests a high level of risk associated with trading on this platform. It is advisable for traders to conduct thorough research and consider alternatives that offer better regulatory oversight and customer support.