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Fintexa

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Operating status: SCAM

Website: https://fintexa.net/

Broker violations and abnormal records
  • 2025-01-01 The BaFin issues a warning against Fintexa

    On January 2 2025, the Federal Financial Supervisory Authority (BaFin) issued a warning against Fintexa, believing this company might be providing financial services or products without proper authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_12_20_Fintexa_net_en.html;jsessionid=58729C10194DBF9383C55F097141CD67.internet002

    On January 2 2025, the Federal Financial Supervisory Authority (BaFin) issued a warning against Fintexa, believing this company might be providing financial services or products without proper authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_12_20_Fintexa_net_en.html;jsessionid=58729C10194DBF9383C55F097141CD67.internet002
  • 2025-01-02 BrokersView has reviewed that Fintexa is an unregulated broker

    According to its website, it has certified itself as a reliable company and compliant with the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC). Upon investigation, no matching information was found in the FCA, CySEC and ASIC.

    In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning against Fintexa, believing this company might be providing financial services or products without proper authorization.

    In essence, Fintexa is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Fintexa appears to be a scam. 

    According to its website, it has certified itself as a reliable company and compliant with the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC). Upon investigation, no matching information was found in the FCA, CySEC and ASIC. In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning against Fintexa, believing this company might be providing financial services or products without proper authorization. In essence, Fintexa is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Fintexa appears to be a scam.

Related Complaints

Q&A

Please verify if Fintexa is a scam.

JOHN Fikri
Bolivia
2025-01-06
ANSWER Dear Investor, We have investigated Fintexa and are concerned that it may be a scam. The platform falsely claims to be regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). This is a significant warning sign. Furthermore, the Federal Financial Supervisory Authority (BaFin) has issued a warning about Fintexa, highlighting its unauthorized status to advise investors to steer clear of this dishonest company. Therefore, we strongly recommend that you avoid using Fintexa. For a safer trading environment and peace of mind, it is crucial to thoroughly research your prospective broker rather than accepting their claims at face value.
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