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Erzinex

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Operating status: SCAM

Website: https://www.erzinex.com/#/

Broker violations and abnormal records
  • 2023-06-04 The Belgiam FSMA added Erzinex to its warning list

    On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Erzinex to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

    On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Erzinex to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0
  • 2023-06-06 BrokersView has reviewed that Erzinex is an unregulated broker

    Erzinex claims in its "Privacy policy" that it is operated by the company TRD & MNY Company LLC registered in St. Vincent and the Grenadines. While it is true that entries matching this company exist in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), investors must bear in mind that the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities. Therefore, Erzinex remains unsupervised by the relevant regulatory body. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has added Erzinex to its warning list as a fraudulent trading platform.

    In essence, Erzinex is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Erzinex claims in its "Privacy policy" that it is operated by the company TRD & MNY Company LLC registered in St. Vincent and the Grenadines. While it is true that entries matching this company exist in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), investors must bear in mind that the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities. Therefore, Erzinex remains unsupervised by the relevant regulatory body. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has added Erzinex to its warning list as a fraudulent trading platform.In essence, Erzinex is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-08-22 The French AMF adds Erzinex to its warning list

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Erzinex to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Erzinex to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-08-29 The Swiss FINMA issues a warning against Erzinex

    On August 30, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Erzinex, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/erzinex/

    On August 30, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Erzinex, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/erzinex/
  • 2023-10-01 The CNMV issued a Warning against Erzinex

    On 2 October 2023, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Erzinex was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On 2 October 2023, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Erzinex was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

Related Complaints

Q&A

Will you recommend Erzinex?

Sumit
Reunion
2023-06-08
ANSWER Erzinex is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Erzinex claims in its "Privacy policy" that it is operated by the company TRD & MNY Company LLC registered in St. Vincent and the Grenadines. While it is true that entries matching this company exist in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), investors must bear in mind that the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities. Therefore, Erzinex remains unsupervised by the relevant regulatory body. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has added Erzinex to its warning list as a fraudulent trading platform.Regarding your question, our advice is to avoid Erzinex due to its status as an unlicensed broker. It is a platform coming with huge risks, including financial losses and identity theft, which could be financially and personally devastating. Once your money and personal information held by this broker, there are no rules in place to safeguard them. Therefore, to avoid such risks, investors are encouraged to choose fully regulated brokers.
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