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Score
Mauritius
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 4
Exposure
Score
Regulatory Index0.00
Business Index5.91
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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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
Inefex Review Summary | |
Founded | 2020 |
Registered Country/Region | Mauritius |
Regulation | Not Regulated |
Market Instruments | Currencies, Cryptocurrencies, Commodities, Stocks, and Indices CFDs |
Demo Account | Not Mentioned |
Leverage | Up to 1:400 |
Spread | EUR/USD: 3.0 pips (Basic account) |
Trading Platform | Inefex Web Trader |
Min Deposit | €250 |
Customer Support | info@inefex.com |
+23052971917 |
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.
Pros | Cons |
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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.
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 | ❌ |
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 Type | Minimum Deposit |
BASIC | €250 |
GOLD | €25,000 |
PLATINUM | €100,000 |
VIP | €250,000 |
All account types offer a maximum leverage of 1:400, allowing traders to control large positions with a relatively small amount of capital.
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.
Spread | BASIC (€250) | GOLD (€25,000) | PLATINUM (€100,000) | VIP (€250,000) |
EUR/USD | 3.0 PIPS | 2.7 PIPS | 2.1 PIPS | 1.6 PIPS |
GBP/USD | 3.4 PIPS | 3.1 PIPS | 2.5 PIPS | 2.0 PIPS |
USD/JPY | 3.3 PIPS | 3.0 PIPS | 2.4 PIPS | 1.9 PIPS |
CRUDE OIL | $0.12 | $0.11 | $0.10 | $0.08 |
Deposit Fee | Free |
Withdrawal Fee | Free |
Inactivity Fee | Not Mentioned |
Trading Platform | Supported | Available Devices | Suitable for |
Inefex Web Trader | ✔ | PC and Mobile | Investors of all experience levels |
Inefex charges no fees for deposits and withdrawals. But it requires a minimum deposit of €250 for individuals looking to open an account.
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.
Inefex is an unregulated CFD broker with a poor reputation. Users report withdrawal issues, fraud, and scams. Avoid trading with this broker.
Inefex, a broker operating in the financial industry has faced scrutiny due to the absence of valid regulation and a suspicious regulatory license.
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