Reported as a scam / unregulated
Why Finex Trades is on the register
Finex Traders claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator – FCA. However, we did not find any match results to Finex Traders in FCA. That means Finex Traders is not approved to offer financial services in the UK. Besides, this broker claims it is regulated by the Australian Securities and Investments Commission (ASIC). However, we did not find any match results to Finex Traders in ASIC. That means Finex Traders is not regulated by any regulators. Investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.