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NEEX

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BrokersView uncovers the truth about NEEX, an unregulated broker claiming licenses from ASIC, FSCA, and St. Lucia. Discover the red flags and why investors should be cautious.

Operating status: SCAM

Website: https://www.neex.com/

Broker violations and abnormal records
  • 2024-10-27 BrokersView has reviewed that NEEX is an unregulated broker

    NEEX claims to be a multi-regulated broker, allegedly registered in St. Lucia, licensed by the Australian Securities and Investments Commission (ASIC), and authorized by the Financial Sector Conduct Authority (FSCA). However, our investigation reveals a different story:

    Firstly, St. Lucia does not license forex trading activities, rendering NEEX's claimed registration invalid.

    Secondly, while NEEX claims to be licensed by ASIC, our research shows that the licensed entity it asserts to be associated with operates a different website that appears to have no affiliation with NEEX (neex.com). Even if NEEX were run by the licensee, its services would still not be allowed as the ASIC does not authorize it to provide services in the forex market.

    Lastly, NEEX claims that one of the companies behind it, Neex (Pty) Ltd, holds an FSP number 49937 on the FSCA register. However, this number is actually linked to a different firm.

    In essence, NEEX 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.

    NEEX appears to be a scam.

    NEEX claims to be a multi-regulated broker, allegedly registered in St. Lucia, licensed by the Australian Securities and Investments Commission (ASIC), and authorized by the Financial Sector Conduct Authority (FSCA). However, our investigation reveals a different story:Firstly, St. Lucia does not license forex trading activities, rendering NEEX's claimed registration invalid.Secondly, while NEEX claims to be licensed by ASIC, our research shows that the licensed entity it asserts to be associated with operates a different website that appears to have no affiliation with NEEX (neex.com). Even if NEEX were run by the licensee, its services would still not be allowed as the ASIC does not authorize it to provide services in the forex market.Lastly, NEEX claims that one of the companies behind it, Neex (Pty) Ltd, holds an FSP number 49937 on the FSCA register. However, this number is actually linked to a different firm.In essence, NEEX 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.NEEX appears to be a scam.

4 comments

Vikky Jonhon
Withdrawal requests are processed quickly, which is crucial for maintaining liquidity.
8 hours ago
Reply
Marinella Fabio
The risk management features, like stop-loss orders, have saved me from significant losses more times than I can count.
2025-01-12
Reply
nina crack
It’s clear Neex.com was designed with the user in mind. Everything is where you expect it to be, and the platform is so intuitive.
2025-01-09
Reply
Jasper Tyrtil
I ran into an issue with my account verification, and the support team resolved it in less than 24 hours. They were so polite and professional. It’s reassuring to know they’re always there to help.
2025-01-05
Reply
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