WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

Fonex Trade -

Suspicious Clone

Score

0123456789

/10

Fonex Trade

Item: Fonex Trade
Rating: 1.25

United Kingdom|1-2 years|

Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://fonextrade.com/

Website

Time Machine

Rating Index

Contact

https://fonextrade.com/

https://twitter.com/FonexTrade

Licenses

FCA Suspicious Clone

United Kingdom Payment License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Pro

Warning: Low score, please stay away! 2

Previous Detection : 2024-11-21

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The United KingdomFCA regulation (license number: 941813) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

Fonex Trade · WikiFX Survey

Users who viewed Fonex Trade also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

STARTRADER

8.63

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

IUX

8.82

Score

2-5 yearsRegulated in AustraliaStraight Through Processing(STP)MT5 Full License

Details

Official website

IC Markets Global

9.10

Score

15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Fonex Trade · Company Summary

Note: Fonex Trade's official website: https://fonextrade.com/ is currently inaccessible normally.

Fonex Trade Information

Fonex Trade is a brokerage firm registered in the United Kingdom. The popular MT5 platform is available with this firm. Fonex Trade's regulatory status is suspicious clone because its aompany name does not match with the one on the regulatory certificate.

Is Fonex Trade Legit？

Regulatory Status	Suspected Fake Clone
Regulated by	FCA
Licensed Institution	Fn Traders Limited
Licensed Type	Payment License
Licensed Number	941813

Fonex Trade's regulatory status is suspicious clone.

Downsides of Fonex Trade

Unavailable Website

Fonex Trade's official website is currently not working. This firm may be closed.

Lack of Transparency

You can only find limited information about this brokerage online because it's website has been out of working for along time.

Regulatory Barriers

MT5 could be an attraction for investors. However, Fonex Trade's regulatory status is suspicious fake clone. If you really consider opening accounts with an unregulated brokerage, you need to be on your toes and look carefully before you leap.

Trading Platform

MT5 (MetaTrader 5) is available with Fonex Trade. You can apply it on multiple devices, including Windows, MAC, Andorid and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analysis, use of algorithmic trading applications and copy trading.

Conclusion

Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But every brokerage has its advangtages and disadvangtages. The regulatory hurdle usually is the biggest drawback. Fonex Trade's regularoty status is suspicious clone, which can be a huge barrier for investors.