Fannexx Review: Fannexx.com Untrustworthy Broker

Fannexx is a company that is trading a number of assets. The company was allegedly founded by the best groups of professional traders. Therefore, it boasts having all the right expertise from software engineers, to financial managers. Unfortunately, this is one of the schemes that won’t be in the market for years.

Offshore entities leave their clients high and dry. There is nothing like sound trading conditions. The fact is that you will be dealing with a bogus entity that does not have anything to show. They overlook all the measures that financial bodies have set to protect consumers.

Investment is one of the best ways of earning a passive income. However, if you do it wrong you face the consequences. There are numerous legit investment schemes in the market. Additionally, the number of scammers also continues to surge. They feed on the ignorance of novice traders.

Before you join any company we suggest that you perform thorough research on their activities. It would save you the trouble of dealing with the con artists. The safety of your funds should come first. If a scheme is not offering that there are not worth your time.

Fannexx.com Review

Fannexx brags it has been in the market for years. If this is the case we would love to see the trading results of the scheme. However, considering the broker has scam traits we do not see them availing the data. Our years of expertise in the market help us to discover the murkiness of a scheme.

The trading conditions of the firm are pathetic. They are pushing clients to make losses. Once you share your personal data with scammers they will keep calling until you accept their terms. The alleged account managers are sales reps in disguise. They will promise the best outcome but you will be losing funds. It will be too late before you realize what is happening.

The data of investors can also be sold to criminals. The fraudsters could also threaten to use it against you if you do not follow through with their requests. It is also ironic to share your information with a venture that can’t trust you with their whereabouts.

Invest with the best forex trading companies in the market. These are some of the leading schemes in the market. You will earn passive income without worrying about the safety of your money. Moreover, they have professionals working in their ventures.

Trading Conditions of Fannexx

Fannexx avails an MT4 trading software. They also have a demo account that investors can use to familiarize themselves with the trading activities. The minimum amount that clients can deposit is $1000. This is above what the regulatory bodies permits. Your money is not safe with the broker. Considering that the entity provides insufficient information regarding their trading activities you should not deposit such a hefty amount.

With an amount of $10, you can still find a genuine investment scheme. The broker does not indicate the amount of leverage that each account offers. Nonetheless, the scheme claims clients can enjoy a cap of 1:100 to 1:500. The highest the limit the more risks it associates. The spread range from 2 pips and 3 pips. This is an unfair limit because clients are required to pay more for them to trade.

Fannexx is also offering bonuses to clients. These are some of the tactics that scammers use to get more victims. There is always a high trade volume that investors must meet for them to be able to cash out. Stay away from Ponzi schemes as they are only going to frustrate you.

Withdrawal and Deposits

The payment methods are MasterCard, Visa, and Mastercard. If you do not attain the required trading lots you cannot withdraw the bonus. If you accept a $300 bonus then you must meet 300 lots. Other withdrawal requirements are not available. A venture that provides insufficient information of their cash out has a high chance of withholding your payment.

Customer Support and Contact Details

Fannexx is a venture that is trying to convince investors it operates from the United Kingdom. However, the address indicates the entity is from SVG. It is an infamous region that accommodates all sorts of scammers. Ventures that originated from this country tend to exit the market unceremoniously.

The support is available via email and phone. The only time scammers are going to be responsive is when they need more funds from you. The safety of your money should come first. If a platform can’t hire a professional support team they are not worth the take.

Legit brokers will even have a social media presence where clients can interact with the team. You get to know of developing issues in the market. Moreover, you can sleep soundly knowing that the entity will be there in the future.

Regulation Status of Fannexx

The parent company of Fannexx isTrinity Capital LLC. The corporate has a registration form from SVG. Unfortunately, the registration document does not serve much use. What really matters is having a license. Moreover, in the SVG there is a financial regulator but they do not oversee the financial activities of investment schemes.

If this venture decides to shut down its system investors won’t be able to receive compensation. This is because the platform does not segregate funds. Nobody knows what really happens behind the closed door. Offshore entities tend to change their domain name without consulting anyone. They also manipulate prices.

We do not know the people that are running the operation of Fannexx, their qualifications, or how they look like. There is no one to hold accountable when the unthinkable happens. Investing with a genuine and legit investment scheme comes with several benefits. Stick to some of the best ventures in the market if you want to trade safely.

Are Funds Safe at fannexx.com?

You won’t get fund safety from this nasty scheme. There are better ways of earning money but not with an offshore platform. Fannexx does not have a license from any of the regulatory bodies in the market. The trading conditions of the entity are not ideal.

Moreover, we cannot find client testimonials. The best brokers have endorsements from their clients. The possibility of the venture stealing from traders is high. You won’t receive compensation when the scam leaves the market.

The Domain Insight

Fannexx.com is a scheme that has been in the market since January 2021. The domain name is expected to expire in the same month as the year 2022. The firm is most expected to expire when you least expect it. The traffic that is visiting the entity is also not much.

Final Verdict

fannexx.com is a platform that is not legit. The scheme does not have a license. Their trading conditions are not ideal. The only thing that you can get from them is a bad outcome. The company thrives on anonymity. If you want to trade genuinely find yourself a reliable scheme. Forget about meaning with an ambiguous scheme.

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