Fibinex is an unregulated / offshore CFD Broker targeting Canadians, that opened on June 26th 2022. Their website no longer works, so they are probably another exit scam.
They are officially owned by an offshore company called; Cranberry Consulting Limited, C53254. Listed address is: Henville Building, Suite 7, Main Street, Charlestown, Nevis. Contact phone number is: +441618181340. Email address is: [email protected]. Official website & login is at: https://www.Fibinex.io/.
For complaints or withdrawal problems, read more here.
Fibinex Broker Reviews
Our review of the brokers called Fibinex is nothing new, because they are exactly the same as Duvaro, and many other small brokerage firms that are using the same white-label trading platform. The platform they are using is called EasyTrader, and it was developed by Easy Technologies.
Fibinex has a web-based CFD trading platform, or you can download their desktop trading platform. Mobile trading apps are not available, it is just a mobile optimized website.
Take a look at the screenshot below, and you can see what the web-based trading platform looks like. You will see hundreds of underlying assets available for CFD trading against the Dollar or Bitcoin including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. Leverage / Margin trading is available with rates as high as 200:1.
Fibinex’s website is only available in English, but their trading platform is in multiple languages. You will not find different account types, and the minimum deposit requirement is $250. When making a deposit, they only offer the option to deposit via Bitcoin. Remember, when transferring Bitcoin or Crypto, there is no way of getting it back.
Make sure to read the fine print where you will see that they charge a dormant account fee of $85 a month!
Is Fibinex a Licensed Broker?
No, Fibinex is not a licensed or regulated broker. As we mentioned they are so closely related to Duvaro, that their corporate number is one digit off from each other. Coincidence?
All online brokers in Canada or the United Kingdom must be licensed and regulated by the financial regulatory agency in their country. In Canada that would be IIROC, and in the U.K. it is the FCA.
The Scam Broker Investigator has reviewed more than 900 online broker since 2013. The proven method we use when reviewing an online Forex broker to see if they are a legitimate or scam broker is straight forward. We check to see if the broker is licensed and regulated by the governments regulatory agency.
Another warning sign to watchout for is brokers that use a software called AnyDesk. AnyDesk is a software which allows you to share your computer with another person. That other person, your “so called broker”, can then place trades without your permission.
Find a Regulated Broker
You have so many online brokers to choose from today, and therefore, you should look at the most popular licensed brokers.
ForTrade is an IIROC regulated broker that many investors are using today. They give you Trading Signals, MT4 an intuitive trading platform. Open a Free Trading Account, Signup here.
If you are an existing investor at Fibinex, please share your experience in the comments.