Finarix is an offshore Forex broker, that had their grand opening on January 22nd 2019.
This broker is actually owned and operated by the company Zolarex Limited, and their official address is at: Trust Company Complex, Ajeltake Island, Majuro, Marshall Islands. They can be reached by phone in Bulgaria at: +35924964405, or via email to: [email protected]. This brokers official website is at: https://www.Finarix.com/.
For problems making a withdrawal from a broker, read this.
Finarix Review
Our review of the brokers Finarix finds, that they give their investors a web-based CFD trading platform made by Tradologic. The trading platform has a wide range of underlying assets including: Forex, Crypto Currency, Stocks, Market Index’s and Commodity products.
You will find two trading platform choices, either their Simplex or ForexPro trading software. Professional investors will not be able to use the popular MT5 software or any mobile trading apps. Their website is only available in English. Minimum deposit for a new trading account at Finarix is the standard $250. After your make your initial deposit, you will a phone call from a salesman offering you a managed account with 25% returns each month. They will ask for you to invest something like $5,000 or $10,000.
You will notice that they offer new clients bonus money ranging from 25% to 75%. If you accept the bonus, then withdrawals will be blocked until you reach a trading volume of 40 times the bonus amount. If you want to reverse the bonus, then it will cost you 25% of your account balance.
Withdrawals are also restricted to people who have a turnover of 200 times. If you have not traded 200 times your deposit, they charge a 10% fee on withdrawals.
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See the #1 Software for 2019, look here.
Finarix License Check
At the Scam Broker Investigator, you will find hundreds of reviews of CFD brokers, where we check to see if they are regulated brokerage firms, or simply a scam. The way investors properly compare a CFD broker, is by checking to see if the FCA in England gave them a license.
Finarix does not have a license, and they are not regulated!
Their payment processor is: Global Prime Management EOOD, Sofia Municipality, Oborishte District, 5 Varbitsa Street, floor 1, apartment 2, Sofia 1504 Bulgaria.
Australia’s ASIC and the FCA in England have warned people to only invest with a local licensed Forex broker. Go read reviews of popular Forex trading brokers listed here.
Compare Online Brokers
Smart investors often get overwhelmed, with so many Forex brokers to choose from and compare. Here are a couple of brokers that are popular.
ForTrade is a very popular Forex broker that is regulated in Australia and the United Kingdom, see here.
Try a Free Demo Account on their unique trading platform, signup here.
If you are already investing with Finarix, please share your experience in the comments section below.