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Score

1.37 /10
Danger

Inefex

Mauritius

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.inefex.com

Influence

C

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.95

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Novir Markets Ltd

Company Abbreviation

Inefex

Platform registered country and region

Mauritius

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-08-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Inefex and the financial

Inefex and the financial advisor are total scammer... can't withdraw money ... Stupid fucking inefex... Followed the advisor and made my money all lost... Lost my money there.. seriously a cheater...

FX3614974043
2025-01-13 15:28
Scam

🚨 WARNING: INEFEX / INEFEX IS A SCAM 🚨

I lost over $11,000 to this fake trading platform. This is not a legitimate trading company. They operate with fraudulent tactics: • First, they lure you with fake profits. • Then, their so-called “account managers” force you to deposit more.

FX3157562345
2025-08-07 21:44
Resolved

Scam

I made an investment of 200 dollars and then an analyst called me and stopped calling me and they even downloaded all my investment balances in inefex and then they left me without any dollars and they still want to deposit more, it is a scam, don't fall for it.

jose489
2023-12-11 12:18
Unable to Withdraw

It is impossible to withdraw.

A friend had posted something about the company, and I did some research, and soon they called me. I joined the chat and gave a testimonial for 200 dollars; I even earned 1.79 on my own because I didn't have anyone's attention! I tried to withdraw the 201.79 dollars that were in my account! On 07/12/2024 and until today, 07/18/2024, I have had no response to anything, and they say it takes 3 days. Finally, someone named Anderson called me and said he was my consultant and asked inappropriate questions, but I ended up answering if I was married, but anyway, I ended up depositing more than 200 dollars with the hope of winning something! He said that. Netflix was hot and highly anticipated! I did everything he taught me, and when I went to sell, I ended up losing money, and the rest that was left in the Inefex account I couldn't withdraw! Because the first withdrawal has been stopped. Look, don't fall for that. I hope this testimonial helps someone!

FX6807822552
2024-07-19 01:30
Unable to Withdraw

You asked me to invest $200050 in the past two weeks, but the official website system sent a notice stating that your deposit balance is insufficient and needs to be replenished, otherwise your account will be frozen

A small amount of money in the early stage will make you earn a lot, but you won't be able to claim any of your earnings. Within just two weeks, I kept urging you to invest and increase your savings, telling you that you would definitely make a profit, and then calling on you to increase your funds in order to increase your margin and invest in more things. In the mid-term, you suddenly realize a significant loss in profits, even increasing from $10000 to $20000 overnight. Then you will receive a notification from the system that you need to increase the deposit to protect your account, otherwise it will be frozen? Then you will receive their finance manager saying that you need to pay a 20% investment tax in order to return the original investment amount of $20000 to you? And I also told you: only you have this opportunity, others don't? But I refused... and then the financial manager will tell you: he has tried his best to fight for you, but there is no way because the company does not agree? Then he will turn around and blame you, saying: You were asked to increase the margin back then, but you didn't do that, so now your account is in this situation? I replied to him, 'I don't have any extra money to invest anymore, and I also told you back then that it's beyond my ability and there's no way to increase it. But now you're blaming me instead?'? Why don't you pay the transaction tax for me first, and then deduct it from my investment amount and give it to me? But he couldn't answer? Just asking me to give him time, asking me to wait? I have all my savings in cash, and I can't withdraw any money when I make money? Because the financial manager will only tell you: after holding on until the end of the month, you can come out with the surplus in early August. Just wait a little longer and there won't be any problems? But in the end, not only was the invested capital gone, but tonight when I looked at it, the entire official website was shut down? Even the email sent out was returned? It's really shocking and dumbfounded

Even Zh
2024-07-29 00:46
Inefex · Company summary
Inefex Review Summary
Founded2020
Registered Country/RegionMauritius
RegulationNot Regulated
Market InstrumentsCurrencies, Cryptocurrencies, Commodities, Stocks, and Indices CFDs
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadEUR/USD: 3.0 pips (Basic account)
Trading PlatformInefex Web Trader
Min Deposit€250
Customer Supportinfo@inefex.com
+23052971917

Inefex Information

Inefex is a CFD broker operating in the financial industry in Mauritius. It offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. With four different account types, clients can enjoy flexible spreads and high leverage of up to 1:400, and it charges no fees for deposits and withdrawals. However, it requires a minimum deposit of €250.

Inefex Information

Pros and Cons

Pros Cons
  • High leverage of up to 1:400
  • Lack of regulation
  • Offers four account types
  • Requires a minimum deposit of €250
  • Charges no fees for deposits and withdrawals

Is Inefex Legit?

Inefex is unregulated by any financial authorities. The domain name inefex.com on WHOIS was registered on January 20, 2020; updated on October 14, 2024; and will expire on January 20, 2028. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

Is Inefex Legit?
Is Inefex Legit?

What Can I Trade on Inefex?

Inefex offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. There's no ETF trading or bond trading. But overall, you still have a good mix of investment options.

Tradable Instruments Supported
Cryptocurrency✔
Commodities✔
Stock✔
Indices✔
ETFs❌
Bond❌
Metals❌
What Can I Trade on Inefex?

Account Type

Inefex offers four types of accounts: Basic, Gold, Platinum, and VIP, each requiring a different minimum deposit (€250, €25,000, €100,000, and €250,000, respectively). If you're new or prefer a lower initial investment, the Basic account is a starting point. For tighter spreads and potentially better trading conditions with a larger deposit, consider the Gold, Platinum, or VIP accounts based on your capital and trading volume.

Account TypeMinimum Deposit
BASIC€250
GOLD€25,000
PLATINUM€100,000
VIP€250,000
Account Type

Leverage

All account types offer a maximum leverage of 1:400, allowing traders to control large positions with a relatively small amount of capital.

Leverage

Inefex Fees

As the account tier increases (from Basic to VIP) and the minimum deposit becomes higher, the spreads offered on various instruments tend to decrease. For instance, on the EUR/USD pair, the spread is 3.0 pips for the Basic account, but it narrows to 1.6 pips for the VIP account.

SpreadBASIC (€250)GOLD (€25,000)PLATINUM (€100,000)VIP (€250,000)
EUR/USD3.0 PIPS2.7 PIPS2.1 PIPS1.6 PIPS
GBP/USD3.4 PIPS3.1 PIPS2.5 PIPS2.0 PIPS
USD/JPY3.3 PIPS3.0 PIPS2.4 PIPS1.9 PIPS
CRUDE OIL$0.12$0.11$0.10$0.08
Inefex Fees

Non-Trading Fees

Deposit Fee Free
Withdrawal Fee Free
Inactivity Fee Not Mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Inefex Web Trader✔PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

Inefex charges no fees for deposits and withdrawals. But it requires a minimum deposit of €250 for individuals looking to open an account.

News

ExposureInefex: Mastering the Art of Duping Forex Investors

Fallen prey to high-return promises made by Inefex through social media and other platforms? Facing constant pressure from it to deposit funds despite consistent losses in trade? Most probably, Inefex has scammed you like many others. The constant foul play in its operation has been grabbing attention on forex broker review platforms. Check out some of their reviews.

WikiFX
2025-07-30 19:48
Inefex: Mastering the Art of Duping Forex Investors

ExposureInefex Review: Unregulated Broker with Risky Withdrawal Issues

Inefex is an unregulated CFD broker with a poor reputation. Users report withdrawal issues, fraud, and scams. Avoid trading with this broker.

WikiFX
2024-09-03 17:48
Inefex Review: Unregulated Broker with Risky Withdrawal Issues

ExposureSomething You Need to Know About Inefex

Inefex, a broker operating in the financial industry has faced scrutiny due to the absence of valid regulation and a suspicious regulatory license.

WikiFX
2023-12-21 18:13
Something You Need to Know About Inefex
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User Reviews

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User comment

6

Comments

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FX3157562345
0-3months
I lost over $11,000 to this fake trading platform. This is not a legitimate trading company. They operate with fraudulent tactics: • First, they lure you with fake profits. • Then, their so-called “account managers” force you to deposit more.
I lost over $11,000 to this fake trading platform. This is not a legitimate trading company. They operate with fraudulent tactics: • First, they lure you with fake profits. • Then, their so-called “account managers” force you to deposit more.
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2025-08-07 21:44
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FX3614974043
6-12months
Inefex and the financial advisor are total scammer... can't withdraw money ... Stupid fucking inefex... Followed the advisor and made my money all lost... Lost my money there.. seriously a cheater...
Inefex and the financial advisor are total scammer... can't withdraw money ... Stupid fucking inefex... Followed the advisor and made my money all lost... Lost my money there.. seriously a cheater...
Translate to English
2025-01-13 15:28
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0
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5