fxinf.net is a fraudulent broker website established on May 25, 2024. It primarily offers investment services in the forex, commodities, stocks, and indices CFD trading markets through its self-developed trading platform. It does not provide services to countries and regions that may violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on fxinf.net's official website shows that the broker operates under the trading name "Fidelity Market" and is registered with the National Futures Association (NFA) in the United States, NFA ID: 0564185. It also claims, "Fidelity Market is a fully regulated global Forex and CFD broker. The company was founded by a team of dedicated and experienced online financial professionals, with extensive experience in providing innovative trading products and excellent service and support." Furthermore, the broker holds a license issued by the Vanuatu Financial Services Commission (VFSC), allowing it to offer financial services in Europe, the Far East, Asia, and the Americas. However, it does not disclose its company registration information and specific regulatory license number on its official website.
The Vanuatu Financial Services Commission is abbreviated as VFSC. Verification reveals that Fidelity Market is not listed on the VFSC register of financial dealers as of May 13, 2024. Additionally, the NFA's official website shows that the company with NFA ID 0564185 is FIDELITY MARKET LTD, but this entity is registered as a non-member entity and is not authorized or regulated by the NFA.
Therefore, fxinf.net is suspected of false advertising and is essentially an unregulated fraudulent broker website.
Account Opening Procedure
To open a trading account with fxinf.net: visit the broker's official website, click "Open an account" to access the registration page, fill in your name, email address, phone number, and set a login password as required, and then submit the application form. After submitting, you can verify your account to complete the registration successfully.
Trading Account Information
fxinf.net only displays information about the trading leverage for forex, stocks, indices, and commodities.
Forex:
- Leverage: 1:1000
- 52 currency pairs
- Variable spreads
- Demo accounts available
Commodities:
- Leverage: 1:500
- Gold, oil, silver, and others
- Variable spreads
- Demo accounts available
Stocks:
- Leverage: 1:100
- 12 currency pairs
- Largest global companies
- Demo accounts available
Indices:
- Leverage: 1:100
- 120 global indices
- Variable spreads
- Demo accounts available
Trading Platforms
fxinf.net claims to offer a self-developed trading platform available for both desktop and mobile devices.
Deposits and Withdrawals
fxinf.net only displays some payment method icons at the bottom of its homepage, but does not clearly disclose the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows reminds investors that fxinf.net is actually a fraudulent broker website with no regulatory oversight, and it can only be contacted via a single email address. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
