Fintexa Review: Chicanery Caught in the Act

This blacklisted Forex dealer claims to provide premium assistance and world-class trading conditions? With that, the owner and mastermind behind the whole operation is completely anonymous. That doesn’t exactly sound like the investment deal of a lifetime. 

Please pay attention to our Fintexa review as we unravel a notorious swindler that would ruthlessly drain your bank account as soon as they get a chance.

Let’s Talk Regulation

It’s important to learn how to distinguish a legitimate online trading firm from a common fraudulent scheme. For example, while reputable Forex providers share all relevant details about their company and incorporation, swindlers like the Fintexa broker simply don’t.

It remains a total mystery who is behind this website, as not even a postal address of their HQ is revealed. Additionally, there are no details about where the entity is regulated, if it ever obtained a license at all.

What is clear, however, is that these crooks have found themselves under legal scrutiny. BaFin, the leading regulatory authority in Germany, has investigated the scheme and found that it operates illegally. This means that their claims about being regulated by the FCA and CySEC are lies, as evident from the database entries.

EU Traders Among Victims

There is no way that this firm represents a long-lasting, stable business on the Forex market. The main reason for our doubt is the fact that the company has only been operational since the end of 2024 and their domain is only a few months old. That is probably also why there are still no Fintexa reviews online.

That didn’t stop the con artists from targeting whoever they see fit, especially traders from these countries:

• Italy
• Germany
• Spain
• Belgium

Should you ever need help with getting back what was stolen from you by fraudulent online trading firms like XM Signals, please contact us.

Promises vs. Reality of the Offer

It’s highly common to see unlicensed apps claiming to own all certificates and permits for conducting investment activities. The Fintexa scam likes to brag about their specialized security measures and safety implementations that rival those of the best brokers on the market.

With promises of high security, attractive trading conditions, and lucrative opportunities come as well. As you may have already assumed, anything that sounds that good can’t be real. Therefore, opt out from investing here so you don’t have to go through the issues of trying to recover lost funds.

Primitive App & Overpriced Accounts

The Fintexa trading platform lacks all of the elementary features that premium software like MT4 and MT5 include. Starting with basic customization options to more advanced tools and amenities, this bogus app lacks it all. All of the data shown is probably manipulated as traders can’t set any parameters according to their preferences. 

Pair that with ultra-expensive packages and you have your textbook scam in a nutshell. Take a look at these ridiculous prices:

• Standard – €10,000
• Advanced – €25,000
• Platinum – €100,000
• Expert – €250,000
• VIP – €500,000

Rigged Trading Conditions Confuse Investors

While the web presentation displays 0 spreads and up to 1:400 leverage, the information inside the platform itself is something entirely different. 

Trading costs are not all that attractive at all, as starting spreads on EUR/USD are floating at 1 pip. Excessive exposure will subject you to greater risk of loss, which is also why this ratio is limited to 1:30 in the EU.

None of the other costs are known. For example, you’d expect a financial services provider to reveal all of the incurred fees via legal documentation, but that is not the case. This secrecy usually means you should be wary of advance fees and hidden costs.

Payouts Through Account Managers

First of all, if you intend to deposit or withdraw funds from this portal, you will have to go through a detailed KYC, which we don’t recommend. Sharing your personal information online with cyber criminals can lead to identity theft and bankruptcy.

Furthermore, you will be prevented from accessing your funds once you deposit them on this terminal. To even consider a withdrawal request, you will have to get in touch with support officers or your dedicated account manager. These are just scam agents in another form that extort extra money from investors.

Support Ignores Requests

The only way to contact customer assistance on the site is via the online form. Once you describe your problem and enter your contact information, you should expect a response in your email inbox. Of course, the support ticket will be ignored, and your question will remain unanswered.

Inside the trading area, we found an online chat feature that prompts you to wait for an agent to become available over and over again. There’s an option to send a message in the meantime, but of course it doesn’t work.

Scammed? We Can Help!

Not only will they lie about their regulation and registration, but they’ll immediately empty your cards and e-wallets if they ever get a chance. No wonder they’ve been labeled as scam by one of the leading regulators in the EU.

If your funds have already been misappropriated, we recommend you contact us immediately. Our legal team can advise you and help you issue a chargeback in order to recover lost assets as soon as possible. In contrast to fake recovery firms like Techforing, we have the means to truly help!

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