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Finacix

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Operating status: SCAM

Website: https://finacix.com/; https://finacix.de

Broker violations and abnormal records
  • 2024-09-26 BaFin suspects Finacix to be a case of identity theft

    On September 27, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about services offered on the website finacix.com. BaFin highlighted that Finacix is not authorized and suspected that it is a case of identity theft. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_23_finacix_com_en.html

    On September 27, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about services offered on the website finacix.com. BaFin highlighted that Finacix is not authorized and suspected that it is a case of identity theft. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_23_finacix_com_en.html
  • 2024-09-29 BrokersView has reviewed that Finacix is an unregulated broker

    The Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about the website finacix.com, which is offering unauthorized financial and investment services. The site presents conflicting information about its operator, listing both Finance and Investment Solutions Ltd. and Finacix Ltd. as responsible entities. While Finance and Investment Solutions Ltd. claims to be registered with the British Financial Conduct Authority (FCA), BaFin suspects this may be a case of identity theft. Additionally, Finacix Ltd. purports to be registered with the non-existent "Securities Commission of the United Kingdom (SCUK)," further raising concerns.

    In essence, Finacix is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Finacix appears to be a scam.

    The Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about the website finacix.com, which is offering unauthorized financial and investment services. The site presents conflicting information about its operator, listing both Finance and Investment Solutions Ltd. and Finacix Ltd. as responsible entities. While Finance and Investment Solutions Ltd. claims to be registered with the British Financial Conduct Authority (FCA), BaFin suspects this may be a case of identity theft. Additionally, Finacix Ltd. purports to be registered with the non-existent "Securities Commission of the United Kingdom (SCUK)," further raising concerns.In essence, Finacix is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Finacix appears to be a scam.
  • 2024-10-13 The FCA flags Clone Finacix as suspicious

    On October 14, 2024, the website finacix.com is flagged by the Financial Conduct Authority (FCA) for providing financial services or products in the UK without authorization. https://www.fca.org.uk/news/warnings/finacix-clone-appointed-representative

    On October 14, 2024, the website finacix.com is flagged by the Financial Conduct Authority (FCA) for providing financial services or products in the UK without authorization. https://www.fca.org.uk/news/warnings/finacix-clone-appointed-representative
  • 2024-12-10 FCA warns the public to avoid Clone Finacix once again

    Clone Finacix is still in business, continuing its fraudulent activities to steal money. Therefore, the FCA updates its warning against Clone Finacix, cautioning the public to stay away from this unauthorized firm. https://www.fca.org.uk/news/warnings/finacix-clone-appointed-representative

    Clone Finacix is still in business, continuing its fraudulent activities to steal money. Therefore, the FCA updates its warning against Clone Finacix, cautioning the public to stay away from this unauthorized firm. https://www.fca.org.uk/news/warnings/finacix-clone-appointed-representative

Related Complaints

Q&A

Fake broker Finacix?

FX993
Finland
2024-10-08
ANSWER Dear Investor,Yes, Finacix appears to be a fake broker.Finacix is not regulated by any governing body, making it highly risky to entrust them with investors' funds. The conflicting information and false claims about regulatory status further suggest that Finacix is likely a scam. The Federal Financial Supervisory Authority (BaFin) has issued a warning about Finacix and highlighted this fact, alerting investors to the unregulated company.Therefore, we strongly suggest you avoid using Finacix to protect your funds from potential scams. It is prudent to choose brokers regulated by top-tier watchdogs.
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2 comments

Timothy Silvaggio
DO NOT DEAL WITH THIS COMPANY...I INVESTED 6500 CAD TO BEGIN WITH...I TRADED ALONG WITH A BROKER BY THE THE NAME OF MARK SCHUMER FOR 6 TO 8 MONTHS. IN THIS TIME I TOOK OUT A CREDIT OF 35,000.00 FROM THE COMPANY FINACIX . MY ACCOUNT HOLDINGS CLIMBED TO 1035000.00 AT WHICH TIME I ORDERED THEM TO TAKE 35,000.00 FROM MY TRADING ACCOUNT TO PAY OUT THE CREDIT THEY HAD GIVEN ME. AT THIS TIME THEY REFUSED AND SAID THEY WERE NOT ALLOWED TO TAKE THE PAYBACK FROM MY ACCOUNT AND THAT I WOULD HAVE TO SEND THEM THE 35,000.00 SEPARETELY, THEY THEN SUSPENDED MY ACCOUNT WHICH DID NOT ALLOW ME TO WORK THE ACCOUNT NOR MAKE ANY WITHDRAWALS. SO MUCH FOR HONESTY. I HAVE SINCE FOUND THAT YES THEY ARE ALLOWED TO TAKE PAYBACK FOR CREDITS FROM MY ACCOUNT BUT FAILED TO. I HAVE NOT YET RECIEVED ANY CORESPONDENCE FROM THE COMPANY AND NOW I CAN FIND THE COMPANY ON THE WEB..
2025-04-13
Reply
Md Jibon khan
Bangladesh
2024-10-02
1
Reply
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