Analysis of Finaxis actions: the pitfall in the investment market
One of the scammers that we will pay attention to is CFD broker Finaxis. They continue to deceive their clients effortlessly, not hiding their true intentions. Despite this, many naive investors continue to invest their savings in this firm. To avoid being listed as a victim of scammers on finaxis.io, it is necessary to carefully study this review.
Reviewing the characteristics of the scammer
In short, nothing is known about them. There is no information about them on the official website finaxis.io, as well as in other sources online. Finaxis is a typical underground CFD broker, whose goal is to deceive inexperienced and naive individuals. According to reviews from deceived clients, these scammers already own assets such as the Mercedes AMG GT with a value of around 200,000 dollars.
The broker’s official website provides no legal information about the company, its ownership, registration, licensing, physical office, and procedures for resolving issues. Unfortunately, Finaxis does not answer these questions, so we do.
- Keep up with the latest news
If there is no available information for verification, we have gathered it in pieces. The scammers from Finaxis have two sites: finaxis.cc and finaxis.io. The first is just a registration form to access the platform and does not deserve our attention.
The link to the second site finaxis.io leads to a full-fledged CFD broker website. When users access it, they are presented with a bright photo of a Mercedes AMG GT valued at around 200,000 dollars, giving the impression of ease in achieving success with this broker. However, as numerous reviews from deceived clients show, Finaxis made many promises but did not earn trust.
According to the information available, the finaxis.io website was created in February 2019, which means that at the time of our review, Finaxis has been operating for less than a year, despite claiming 11 years of experience. Look at the main page of the finaxis.io site and note the unfinished phrases. This indicates that the webpage was made hastily, which is uncharacteristic of a serious company.
Subsequent shortcomings are found directly on the site. On the main page of the CFD broker, there is a widget that changes images in a slideshow format. One of the images claims that Finaxis offers the opportunity to use the Libra cryptocurrency.
Recommended to read:
- BitFin24 – scammers and client reviews
- Markets Invest – review and feedback
In the context of recent events with Libra, this information is nothing but a lie to attract inexperienced investors.
To be continued…
Trading conditions review
Finaxis broker offers currency pairs, cryptocurrencies, CFDs on indices, stocks, and commodities. They also claim to have the lowest spreads among all brokerage companies on the finaxis.io site. However, it is worth remembering that this is a standard practice where there is no liquidity, and all transactions go through the broker themselves.
The next section on the site is dedicated to presenting six trading accounts with different names and minimum deposit amounts:
- “Start” – 250$
- “Progress” – 500$
- “New Horizon” – 1,000$
- “Classic” – 2,500$
- “Investor Strength” – 5,000$
- “Financier” – 10,000$
Detailed characteristics and differences between them can be viewed in the screenshots provided. However, this information is provided solely for reference. In any case, Finaxis remains a scam, and regardless of their proposed scheme, the result is always the same – loss of funds.
Customer reviews review
A critical analysis of customer reviews is an important aspect. Using fake reviews to maintain a reputation is one of the strategies of scammers. It should be noted that the overwhelming majority of reviews provide detailed accounts of negative situations they encountered.
A fake customer review is shown in the following screenshot. An overly detailed description of broker services indicates its falsification. The most realistic reviews describe scams by Finaxis, which include price manipulation and blocking clients’ accounts along with funds.
Another review highlights issues with fund withdrawals, where clients were told the transfer was already made but the money never arrived. Bank documents also confirmed the absence of transactions.
- Keep up with the latest news
In conclusion
Finaxis is a fraudulent organization that does not deserve a positive evaluation. Customer review data is confirmed by this review. finaxis.io is designed for newcomers, and an experienced trader immediately recognizes its true intentions. This project is on our blacklist. We recommend carefully studying reviews to avoid becoming a victim of the next scam!
Author: Yegor Tishchenko
