Review of the young pseudo-broker Linexfin: scam scheme, traders’ reviews
Facts about CFD broker Linexfin
There are many suspicious pseudo-brokers who, by changing their brand, try to get rid of negativity, but in reality continue their fraud. The latest research discusses Linexfin, which is linked to previously known fraudulent companies such as Brokfx, Liberfx, Brokexpert, Topbrok. Let’s break down what linexfin.com is and what danger it poses to traders.
Information about Linexfin
The company Linexfin claims to open up new opportunities for earning on financial markets, attracting newcomers with a small deposit starting from $100. According to traders’ reviews, at the initial stages, support really helps to multiply the deposit. However, it is worth remembering that scammers can manipulate data. Their goal is to interest the trader in depositing funds and making a large deal.
When a trader lands on linexfin.com, they are provided with extensive support. Initially, one can trust the intermediary, especially after reading claims that Linexfin is the official representative of the well-known London Stock Exchange, a leader in investment and brokerage services worldwide. However, the connection to the London Stock Exchange is a lie aimed at strengthening the trust of inexperienced traders.
We have found that the company Linexfin Ltd manages a pseudo-broker. The legal address is indicated on the site: 50 Cross Street, London, United Kingdom, N1 2BA. In case of needing to contact support, the following contacts are available:
- Email: info@linexfin.com
- Feedback form on the site
- Phone: +7(966)01-59-549
Official website and content
The official website “Linexfin” is a cunning deception aimed at attracting unsuspecting traders. The first impressions may be positive, as the resource is available in English and Russian languages, attracting users from the post-Soviet space.
However, the site linexfin.com, while having a decent design, contains little information, which raises concerns among traders. There are plenty of promises on the site, including the claim of “endless trading opportunities”.
The site’s structure includes the following sections:
- “About us” – information about the opportunity to earn up to 160% per year with analysts of the company “Linexfin”
- “Articles” – brief information about trading assets and portfolio investment
- “Contacts” – channels of communication with support
- RU-EN – switching website language versions
The site also contains buttons for accessing a personal account and registering a new account. However, besides the poor informative content, the web resource linexfin.com does not enjoy high traffic, confirming its unreliability and lack of connection to the London Stock Exchange.
Registration on the site
Reviews indicate an easy registration process on linexfin.com. To create a new account, one needs to click on the “Registration” tab in the website header and provide the necessary details:
- First name
- Last name
- Email address
- Phone number
- Password (twice)
Traders are advised to carefully review legal documents to avoid falling into the trap of scammers waiting to deceive the user.
Trading accounts and conditions
Linexfin offers trading with various assets after registration. There is no demo account, which raises concerns among users as testing the platform is not possible without risk. The following real trading accounts are available:
- Elementary with a minimum deposit of $100, floating spread from 1.5 pips, and leverage of 1:200.
- Standard with an initial deposit starting from $1,000, floating spread from 1.4 pips, and leverage of 1:200.
- VIP with a minimum deposit of $10,000, fixed spread, and leverage of 1:200.
In addition, Linexfin offers portfolio investing, guaranteed income with minimal risks. However, according to users’ opinions, all company promises are entirely false, with the sole aim of attracting traders’ appetizing deposits.
Deposit and withdrawal of funds
Linexfin does not disclose methods and fees for depositing and withdrawing funds. The broker promises to credit funds to the account within 24 hours, but according to user reviews, this promised speed is not always met.
Review of reviews and fraud
Despite the short duration of operation, Linexfin already has many negative reviews online. Users share stories of fraud schemes aimed at deceiving inexperienced traders. We recommend reading other articles:
- How to choose a reliable forex broker in 2020: key criteria
- Cryptocurrency wallets: what they are for and how to use them
Summary
CFD broker Linexfin is one of the unlicensed pseudo-brokers seeking to deceive traders. Lost funds remain on the conscience of investors, as by registering on the site, they agree to the company’s terms, which require careful study.
Linexfin is a young pseudo-broker that has been the subject of scam allegations and negative reviews from traders. There have been reports of customers losing money due to questionable practices and poor customer service. It is important for traders to exercise caution when dealing with Linexfin and to thoroughly research any broker before investing with them.