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Fonex Trade -

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Fonex Trade

Item: Fonex Trade
Rating: 1.25

United Kingdom|1-2 years|

Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://fonextrade.com/

Website

Time Machine

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Contact

https://fonextrade.com/

https://twitter.com/FonexTrade

Licenses

FCA Suspicious Clone

United Kingdom Payment License

VPS Standard

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-23

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The United KingdomFCA regulation (license number: 941813) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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MT4/5 Identification

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Fonex Trade · WikiFX Survey

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Fonex Trade · Company Summary

Note: Fonex Trade's official website: https://fonextrade.com/ is currently inaccessible normally.

Fonex Trade Information

Fonex Trade is a brokerage firm registered in the United Kingdom. The popular MT5 platform is available with this firm. Fonex Trade's regulatory status is suspicious clone because its aompany name does not match with the one on the regulatory certificate.

Is Fonex Trade Legit？

Regulatory Status	Suspected Fake Clone
Regulated by	FCA
Licensed Institution	Fn Traders Limited
Licensed Type	Payment License
Licensed Number	941813

Fonex Trade's regulatory status is suspicious clone.

Downsides of Fonex Trade

Unavailable Website

Fonex Trade's official website is currently not working. This firm may be closed.

Lack of Transparency

You can only find limited information about this brokerage online because it's website has been out of working for along time.

Regulatory Barriers

MT5 could be an attraction for investors. However, Fonex Trade's regulatory status is suspicious fake clone. If you really consider opening accounts with an unregulated brokerage, you need to be on your toes and look carefully before you leap.

Trading Platform

MT5 (MetaTrader 5) is available with Fonex Trade. You can apply it on multiple devices, including Windows, MAC, Andorid and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analysis, use of algorithmic trading applications and copy trading.

Conclusion

Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But every brokerage has its advangtages and disadvangtages. The regulatory hurdle usually is the biggest drawback. Fonex Trade's regularoty status is suspicious clone, which can be a huge barrier for investors.