InFluxFinance Broker Review
There isn’t much to say about the InFluxFinance broker. Illegal, unlicensed trading is a common trade fraud. But don’t just take our word for it; read our full InFluxFinance review.
Broker status: Offshore Broker
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: BaFin
Owned by: Incendiary Group Ltd
Headquarters Country: Commonwealth of Dominica
Foundation year: 2020
Supported Platforms: Web trader
Minimum Deposit: $300
Cryptocurrencies: No
Types of Assets: Indices, commodities, stocks, FX
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: No
InFlux Finance Regulation
InFluxFinance is a trademark of the Commonwealth of Dominica’s Incendiary Group Ltd. The firm shares an address with other well-known scam companies including InvestBoost, SeaLimited, EuroFX, and others.
The broker is unregulated, neither by the FSU nor by Tier 1 authorities such as the FCA, ASIC, and BaFin. This indicates that your funds are extremely vulnerable, and you should avoid this fraudulent CFD and Forex trading company unless you are ready to lose everything.
Warnings From Financial Regulators
We investigated if any regulatory agency had detected the broker’s activity because it is active in numerous countries without a license. Based on many complaints, the German BaFin launched an official inquiry into Incendiary Group Ltd and its brand InFlux Finance. Meanwhile, they requested that the corporation cease all operations in this country.
Fund Withdrawal Issues
Clients have no guarantees for their cash because InFlux Finance is unlicensed. Of course, you will not be discouraged from investing; in fact, you will be urged to do so. Until you request a withdrawal, your account manager will be your best buddy.
Everything will change at this point; you will no longer be able to contact the firm, and your account will be locked for various reasons.
InFlux Finance reports indicate that the broker is mostly present in Germany, Serbia, Portugal, and Spain. Furthermore, we’ve received complaints from the United Kingdom, Scandinavian nations, Australia, South Africa, and elsewhere.
Wherever you reside, be warned that InFluxFinance lacks financial services authorisation, and the conclusion will most likely be unfavorable.
With all mentioned, it should come as no surprise that the majority of InFluxFinance reviews are negative. The broker has a poor reputation as one of those offshore scammers who demand money and then disappear.
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