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erzinex

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Will you recommend Erzinex?
Sumit
Reunion
2023-06-08
ANSWER Erzinex is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Erzinex claims in its "Privacy policy" that it is operated by the company TRD & MNY Company LLC registered in St. Vincent and the Grenadines. While it is true that entries matching this company exist in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), investors must bear in mind that the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities. Therefore, Erzinex remains unsupervised by the relevant regulatory body. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has added Erzinex to its warning list as a fraudulent trading platform.Regarding your question, our advice is to avoid Erzinex due to its status as an unlicensed broker. It is a platform coming with huge risks, including financial losses and identity theft, which could be financially and personally devastating. Once your money and personal information held by this broker, there are no rules in place to safeguard them. Therefore, to avoid such risks, investors are encouraged to choose fully regulated brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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