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Plexus Finance

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Operating status: SCAM

Website: https://plexusfin.com/en

Broker violations and abnormal records
  • 2022-09-13 The UK FCA Warns that Plexus Finance is a Clone Firm

    On 14 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Plexus Finance is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/plexusfincom-clone-fca-authorised-firm


    On 14 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Plexus Finance is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/plexusfincom-clone-fca-authorised-firm
  • 2022-09-14 BrokersView has Reviewed that Plexus Finance is an Unregulated Forex Broker

    Plexus Finance also claims to be regulated by several forex regulator including but not limited to Australian Securities & Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). We searched ASIC and CySEC but found no matching results. That means Plexus Finance is not authorized by the regulators to provide financial services. 

    Plexus Finance also claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) No. 927339. We searched the number in UK FCA and found a company named Plexus Finance Limited. However, the domain "https://plexusfin.com/en" was not approved by the regulator. In other words, no information can prove that the regulatory information belongs to this broker. 

    Moreover,the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Plexus Finance is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.

    The truth is that Plexus Finance is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Plexus Finance also claims to be regulated by several forex regulator including but not limited to Australian Securities & Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). We searched ASIC and CySEC but found no matching results. That means Plexus Finance is not authorized by the regulators to provide financial services. Plexus Finance also claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) No. 927339. We searched the number in UK FCA and found a company named Plexus Finance Limited. However, the domain "https://plexusfin.com/en" was not approved by the regulator. In other words, no information can prove that the regulatory information belongs to this broker. Moreover,the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Plexus Finance is a clone firm. The fraudster is using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.The truth is that Plexus Finance is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Does it offer services in Singapore?

Speculator X
Philippines
2022-09-19
ANSWER Plexus Finance is not a licensed or regulated broker even though it states offers that look good to be true. Plexus Finance claims to be regulated by several forex regulator including but not limited to the Australian Securities & Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the the United Kingdom Financial Conduct Authority (FCA) with license number 927339.First, we did not find any match results to Plexus Finance in ASIC and CySEC. Second, we indeed find a match result to the license number in FCA's regisrty. However, as per the regulatory details, the domain used by Plexus Finance (https://plexusfin.com/en) is not included in the approved domains of the licensed company "Plexus Finance Limited." In other words, no information can prove that the regulatory information belongs to this broker. Moreover,the United Kingdom Financial Conduct Authority (FCA) issued a warning that Plexus Finance is a clone firm. You can check the full warning from here.The truth is, Plexus Finance is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Plexus Finance and trade with licensed brokers.
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