FULL EXPOSÉ

Finexo Forex Broker: Confirmed Scam Exposed

Zero regulation, fake licenses, systematic withdrawal refusals. 47 victims documented, $2.3M+ stolen. Full evidence compiled.

Investigation Period: 14 monthsVictims Interviewed: 47Evidence: Bank statements, emails, recordingsUpdated: Oct 2025
4.8
SCAM SCORE — Confirmed Fraud

The Scam in Numbers

  • 47 verified victims interviewed
  • $2.3M+ total stolen (documented)
  • 0 successful withdrawals over $500
  • 94% of deposits disappeared within 90 days
  • Zero legitimate regulation

How They Operate

  1. Fake regulation claims (show fake FSA/ASIC logos)
  2. Allow small initial withdrawals ($50-200) to build trust
  3. Encourage larger deposits with "bonus" schemes
  4. Refuse withdrawals citing "bonus conditions" or "verification"
  5. Disappear once victim gives up or threatens legal action

The Evidence

Regulation Status: ZERO

Claimed Regulation: Finexo's website displays logos for FCA (UK), ASIC (Australia), and FSA (Seychelles).

Actual Regulation: We verified with all three regulators. ZERO licenses exist. The logos are fake. The "license numbers" they display don't exist in any regulatory database.

Verified: FCA confirmed via email (Oct 2024) that Finexo is NOT authorized. ASIC database shows no match. FSA Seychelles has no record.

How to verify yourself: Search FCA register at register.fca.org.uk, ASIC at connectonline.asic.gov.au, FSA at fsaseychelles.sc

Website & Company Structure

  • Domain registered: Jan 2022 (recent, red flag)
  • Registrar: Privacy protected via Namecheap (hiding identity)
  • Company address: 71-75 Shelton Street, London WC2H 9JQ — virtual office (we visited)
  • Phone numbers: VoIP numbers (not legitimate business lines)
  • Email domain: Uses Gmail addresses, not @finexo.com
  • SSL certificate: Let's Encrypt (free) — legitimate brokers use EV certificates

Platform & Execution Manipulation

Finexo uses a white-label MT4 platform with manipulated feeds:

  • Prices don't match real market data (tested against TradingView feed)
  • Stop losses triggered 5-15 pips before real market prices hit them
  • Orders "rejected" when trades would be profitable
  • Spreads widen to 20-50 pips during news (vs 2-5 pips at legitimate brokers)
  • Account balances edited without trades (victim #23 lost $1,200 overnight with zero trades)

Victim Testimonials (Verified)

Victim #7 — Mark T., United Kingdom

Lost: $8,400

"I deposited $500 to test. They let me withdraw $150 no problem. Built trust. I deposited $8,000 more. Suddenly my account was 'under review' and withdrawals blocked. They wanted more documents, then more documents. After 3 months, they stopped responding entirely. Account locked."

Verified: Bank statements, screenshots, email thread (47 emails), withdrawal requests

Victim #12 — Sarah K., Australia

Lost: $12,700

"Their 'account manager' called me daily. Very professional. Convinced me to deposit more for a 'VIP account' with better conditions. I deposited $12,000. Two weeks later, they said I violated terms by 'scalping' and confiscated my balance. I never scalped—I held positions for days. They made it up."

Verified: Call recordings (legally recorded), full trading history, email correspondence

Victim #31 — James L., South Africa

Lost: $23,500

"Biggest mistake of my life. I was up $6,000 after a month. Tried to withdraw $5,000. They blocked it, saying I needed to verify my income source. I sent payslips, bank statements, tax returns. They asked for more. After 6 weeks, my account balance showed $0. They said I 'agreed to aggressive trading' and lost it all. I didn't place a single trade in those 6 weeks."

Verified: Complete account history, screenshots showing balance manipulation, legal correspondence

How the Scam Works (Step-by-Step)

Week 1

The Hook: Initial Deposit

Aggressive Facebook/Instagram ads promising "guaranteed returns" and "expert trading signals." Slick website with fake regulation badges. Victim deposits $100-$1,000 to test.

Week 2

Building Trust

Small profits appear in account (often manipulated, not real trades). "Account manager" calls daily, very professional. Victim allowed to withdraw $50-$200 to prove withdrawals work. Trust established.

Week 3-4

The Upsell

"Account manager" pushes for larger deposit. "VIP account with better spreads." "Exclusive trading signals." "Bonus 50% on deposits over $5K." Victim deposits $5K-$50K.

Week 5-8

The Block

Victim tries to withdraw profits. Request denied citing "bonus conditions not met" or "account verification needed." Endless document requests. Support becomes unresponsive.

Week 9+

The Disappearance

Account balance suddenly shows losses (no trades placed by victim). Or account locked entirely. "Account manager" stops responding. Website may disappear. Money gone.

Red Flags (How to Spot Them)

🚩 Fake Regulation

Shows FCA/ASIC logos but no verifiable license numbers in official databases.

🚩 Aggressive Marketing

Facebook/Instagram ads promising guaranteed returns, Lamborghinis, "financial freedom."

🚩 Cold Calls

Unsolicited calls from "account managers" pushing deposits. Legitimate brokers don't cold call.

🚩 Bonus Schemes

50-100% deposit bonuses with impossible withdrawal conditions (must trade 50x bonus amount).

🚩 Withdrawal Delays

Endless verification requests, moving goalposts. "Need your birth certificate, utility bill from 2019..."

🚩 Virtual Office Address

London/Sydney address that's just a mailbox rental. No real office, no real staff.

What to Do If You Deposited

Immediate Actions:

  • 1. Stop depositing immediately. Don't fall for "deposit more to unlock withdrawals" scams.
  • 2. Screenshot everything: Account balance, trade history, emails, chat logs. Evidence disappears when they shut down.
  • 3. Contact your bank/card provider: File a chargeback dispute immediately. Time-sensitive (usually 60-120 days).
  • 4. Report to regulators: File complaints with FCA (UK), ASIC (Australia), FTC (USA), or your local financial regulator.
  • 5. Report to police: File a fraud report with Action Fraud (UK), IC3 (USA), or local police. Get a case number.

Chargeback Success Rate

Of the 47 victims we tracked:

  • 21 victims (45%) successfully recovered full funds via chargeback (filed within 60 days)
  • 12 victims (26%) recovered partial funds (15-70% of deposit)
  • 14 victims (29%) recovered nothing (filed too late or used crypto/wire transfer)

Key insight: Card/PayPal chargebacks work if filed fast. Wire transfers and crypto are nearly impossible to recover.

How to Avoid Scams Like This

Before Depositing With ANY Broker:

  1. Verify regulation: Check official regulator databases (FCA, ASIC, CySEC, NFA). Don't trust logos on websites.
  2. Check domain age: Use WHOIS lookup. Scams use new domains. Legitimate brokers have 5-20+ year domains.
  3. Test with $50-100 first: Try withdrawing before depositing large amounts.
  4. Never wire large amounts: Use cards/PayPal for chargeback protection.
  5. If it sounds too good to be true, it is: "Guaranteed returns" and "risk-free trading" don't exist.

✅ Safe, Regulated Alternatives

If you need a legitimate broker, these are verified with real regulation:

All verified with real regulatory licenses. Test with small deposits first. See our full broker rankings for 89 tested brokers.

Finexo Scam — FAQ

Is Finexo a scam?

Yes, Finexo is a confirmed scam. We documented 47 verified victims who lost $2.3M+. Finexo has zero legitimate regulation, uses fake FCA/ASIC licenses, and systematically refuses withdrawals. Do not deposit.

Is Finexo regulated?

No. Finexo claims FCA, ASIC, and FSA regulation but has zero legitimate licenses. We verified with all three regulators—no licenses exist. The logos and license numbers on their website are fake.

Can I get my money back from Finexo?

Maybe, if you act fast. File a chargeback with your bank/card provider immediately (60-day window). In our study, 45% of victims recovered full funds via chargeback if filed within 60 days. Wire transfers and crypto are nearly impossible to recover.

What should I do if I deposited with Finexo?

1) Stop depositing immediately. 2) Screenshot all account data and emails. 3) File chargeback with your bank/card provider. 4) Report to FCA, ASIC, FTC, or your local regulator. 5) File police report for fraud.

Why can't I withdraw from Finexo?

Finexo systematically refuses withdrawals using fake excuses: "bonus conditions not met," "account verification needed," endless document requests. This is the scam—they never intended to let you withdraw. Stop trying to withdraw and file chargebacks immediately.

Are there safe alternatives to Finexo?

Yes. Use only brokers with verified tier-1 regulation: Startrader (ASIC), IC Markets (ASIC), Vantage (ASIC+FCA), Pepperstone (ASIC/FCA/CySEC), or OANDA (FCA/ASIC/NFA). See our broker rankings for 89 tested brokers with verified regulation.

Final Verdict

Finexo: Confirmed Scam

Trust Score: 4.8/10 (Fraud)

Finexo is a systematic scam operation with zero legitimate regulation. They use fake FCA/ASIC/FSA licenses, manipulated trading platforms, and aggressive sales tactics to steal deposits. 47 verified victims lost $2.3M+ with near-zero successful withdrawals over $500.

Our recommendation: DO NOT DEPOSIT. If you already deposited, stop immediately and file chargebacks/police reports. Use only verified, regulated brokers with real licenses.

This is not a legitimate broker. This is organized fraud.