Operating status: SCAM
On 13 November 2023, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Fxness was providing financial services or products in the Seychelles without authorisation. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website-13
According to its website, it claims regulated by the following regulators:
Fxness (SC) Ltd is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA) with license number SD025.
Fxness B.V. is a Securities Intermediary authorised and regulated by the Central Bank of Curaçao and Sint Maarten with license number 0003LSI.
Fxness (VG) Ltd is authorised by the Financial Services Commission (FSC) in BVI with registration number 2032226 and investment business licence number SIBA/L/20/1133.
Fxness (MU) Ltd is authorised by the Financial Services Commission (FSC) in Mauritius with registration number 176967 and Investment Dealer (Full Service Dealer, Excluding Underwriting) licence number GB20025294.
Fxness ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024.
Fxness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.
Fxness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.
Upon investigation, we found that the Seychelles FSA issued a warning that Fxness was providing financial services or products in the Seychelles without authorisation.
In addition, the BVI FSC, Mauritius FSC, FSCA has no matching information in these regulators.
Furthermore, our investigation revealed that the claimed registration with the CBCS, CySEC, and FCA is false. Solid evidence suggests that this regulatory information has been copied from a renowned forex brand, Exness, in an attempt to mislead unwitting investors into believing Fxness is legitimate.
Finally, it mentions Tadenex Limited, which is said to be regulated by the Kenya CMA, but we have no relevant records. And there is no other evidence to prove that the brand fxness is related to Tadenex Limited. The connection between the two is unclear.
The truth is that Fxness 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, Fxness is a scam.