cinex.org is a CFD broker with its official website domain registered on August 1, 2024. This broker mainly provides investors with trading services in markets such as forex, digital currencies, metals, energy, futures commodities, and indices. It does not offer services to countries or regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on the cinex.org website, the company's entity is CINEX Limited, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) with license numbers 296805 and 700455, respectively. Additionally, the broker claims to be a registered member of The Financial Commission. However, the documents provided on the broker's "Terms and Conditions" page are merely images and cannot be opened.
Upon verification, the ASIC website shows that license number 296805 corresponds to the entity DLS MARKETS (AUST) PTY LTD, and the VFSC website shows that license number 700455 corresponds to the entity DLS MARKETS LIMITED. Additionally, a search of The Financial Commission's membership directory did not find any member named CINEX Limited, but DLS MARKETS was listed.
Therefore, it can be concluded that cinex.org is a cloned website of DLS MARKETS, and it neither has a company entity nor any regulatory oversight.
Account Opening:
The account opening process for cinex.org is as follows: Go to the broker's official website, click on "Open Account" at the top right of the webpage to enter the registration page, fill in your email address and set a login password. You will then receive a verification code via email. Enter the code into the application form and submit it. Once submitted, the account will be successfully registered, and you will need to complete full KYC verification to be able to deposit and trade.
Account Types:
cinex.org offers users two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT:
- Trading Platform: CINEX
- Trading Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, CFD stocks
- Maximum Leverage: 1:500
- Spreads: From 1 pip
- Trading Commission: None
- Initial Deposit Amount: $200
ECN ACCOUNT
- Trading Platform: CINEX
- Trading Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, CFD stocks
- Maximum Leverage: 1:500
- Spreads: From 0 pips
- Trading Commission: $6 per round turn
- Initial Deposit Amount: $200
Trading Platform:
cinex.org claims to offer users the MT4 trading platform on its website, but in reality, it uses a proprietary trading platform. No broker named CINEX Limited was found on the MT4 platform, and the mobile download links provided on its website do not work.
Deposit and Withdrawal:
cinex.org supports deposits and withdrawals using credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that cinex.org is a scam website of the clone broker DLS MARKETS, with no actual company entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
