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CNX Markets

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Operating status: SCAM

Website: https://cnxmarkets.com/

Broker violations and abnormal records
  • 2023-10-29 The CySEC issued a Warning against CNX Markets

    On 26 October 2023, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that CNX Markets was providing financial services or products without authorisation. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=958aa91a-3a8a-42b9-b008-1bc765c5cfb7

    On 26 October 2023, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that CNX Markets was providing financial services or products without authorisation. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=958aa91a-3a8a-42b9-b008-1bc765c5cfb7
  • 2023-10-29 BrokersView has reviewed that CNX Markets is an unregulated forex broker

    According to its website, CNX Markets claims authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), upon investigation, we found that the CySEC issued a warning that Uniglobe Markets was providing financial services or products without authorisation. In addition, it claims authorized and regulated by the Financial Services Commission in Mauritius (FSC), Financial Services Authority Seychelles (FSA), however there is no matching information was found in these two regulators.

    The truth is that CNX Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, CNX Markets is a scam.

    According to its website, CNX Markets claims authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), upon investigation, we found that the CySEC issued a warning that Uniglobe Markets was providing financial services or products without authorisation. In addition, it claims authorized and regulated by the Financial Services Commission in Mauritius (FSC), Financial Services Authority Seychelles (FSA), however there is no matching information was found in these two regulators.The truth is that CNX Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, CNX Markets is a scam.

Related Complaints

Q&A

Does CNX Markets have any bonus?

Andreas Nave
Thailand
2023-11-09
ANSWER We strongly suggest you avoid CNX Markets, regardless of how tempting bonuses it offers. The seemingly attractive trading conditions and bonuses may prove detrimental if the platform is not regulated.In an attempt to appear legitimate, CNX Markets claims to be regulated by three regulators involving the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC), and the Seychelles Financial Services Authority (Seychelles FSA). However, our investigation reveals that none of these regulatory bodies has authorized CNX Markets to operate as a forex broker. The CySEC published a warning that includes CNX Markets to demonstrate its illegitimacy in its country.Therefore, given its unregulated status, it is advisable to stay away from CNX Markets. Otherwise, investors are exposed to fraud and identity theft, by trading with this unlicensed platform. To minimize such substantial risks on the trading journey, it is better to opt for fully regulated brokers.
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