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Ipofxprime-Some Important Details about This Broker

EARNEX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 15:25

Abstract:Earnex, founded in 2021 and based in the United Arab Emirates, is a trading platform regulated by the Financial Conduct Authority (FCA), albeit flagged as a Suspicious Clone. It operates via the Vantage Markets platform, facilitating connections with Zirux for following expert trades. Traders can access a variety of tradable assets including CFDs on Forex, Stocks, Oil, Bonds, Gold & Silver, Cryptocurrencies, Futures & Options.   The platform offers managed accounts and provides support for connecting accounts between Zirux and Vantage. Deposit and withdrawal options include MasterCard, Visa, and PayPal.

  Note: EARNEX's official website: https://www.earnex.org is currently inaccessible normally.

EARNEXReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationSuspicious clone
Market InstrumentsCFDs, Futures and Options
Demo Account✅
Leverage/
Spread/
Trading PlatformZirux
Min Deposit/

EARNEX Information

  EARNEX, incorporated in the UK in 2021, is a company that enables traders to trade CFDs and options futures. It provides 1 trading platform, 1 account type, and also supports demo trading accounts. At present, the regulatory status of this broker was determined by the FCA to be a suspected clone.

Pros and Cons

Pros Cons
Supports multiple CFDs tradingSuspected clone
Demo account is availableNo access to official website
There is too little public information

Is EARNEX Legit?

Regulated Country/Region
FCA
Regulated AuthorityFCA
Regulated EntityForeign Currency innovations Limited
License TypeStraight Through Processing(STP)
License Number616985
Current StatusSuspicious clone
Is EARNEX Legit?

What Can I Trade on EARNEX?

  Local X offers CFDs for a variety of financial assets: Forex (primary, secondary and exotic currency pairs), stocks, indices, oil, bonds, gold and silver, as well as cryptocurrencies. In addition, Local X offers futures and options contracts across a variety of asset classes, such as Forex, metals, commodities, equities and options.

Tradable Instruments Supported
CFDs✔
Futures and Options Contracts✔
Bonds❌
ETF❌

Account Types

  Earnex provides one type of account, Earnex ManagedAccounts. But there are no further details were available about the account.

Trading Platform

  The trading platform offered by the broker is Zirux, which can be used on mobile.

Trading PlatformSupported Available Devices Suitable for
Zirux✔MobileAll traders
MT4❌
MT5❌

Deposit and Withdrawal

  Local X offers payment methods such as Mastercard, Visa and Paypal.

Related broker

Unverified
EARNEX
Company name:Earnex Financial Group Limited
Score
1.51
Website:https://www.earnex.org
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.51

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