ANSWER We strongly suggest you avoid CNX Markets, regardless of how tempting bonuses it offers. The seemingly attractive trading conditions and bonuses may prove detrimental if the platform is not regulated.In an attempt to appear legitimate, CNX Markets claims to be regulated by three regulators involving the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC), and the Seychelles Financial Services Authority (Seychelles FSA). However, our investigation reveals that none of these regulatory bodies has authorized CNX Markets to operate as a forex broker. The CySEC published a warning that includes CNX Markets to demonstrate its illegitimacy in its country.Therefore, given its unregulated status, it is advisable to stay away from CNX Markets. Otherwise, investors are exposed to fraud and identity theft, by trading with this unlicensed platform. To minimize such substantial risks on the trading journey, it is better to opt for fully regulated brokers.
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