Confix Financial Review: Is confixfinancial.com a scam or legit forex broker? We carried out an investigation into the background of confixfinancial.com . Read our review to find out more.
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Confixfinancial.com is the website of a Forex brokerage that offers web-based terminal and a spread of 3 pips. Under the name of DKG Group Limited, we discovered that this brokerage is registered in the Marshall Islands.
The fact that Confix Financial is registered in the Marshall Islands gives us serious concern because, the Marshall Islands has a reputation of registering scammers. It is known that the Marshall Islands regulatory frame work does not include Forex trading.
What Confix Financial Say They Offer
We found little information in this regard. According to its website, they claim to work with an international clientele with the objective of giving every trader “a tailored experience with maximized profits.”
Confix Financial Trading Software
Although Confixfinancial.com claims to offer MetaTrader 4 trading platform. Our source tells us that this is false. This brokerage does not offer a demo account. So, we have no way to ascertain this. However, their platforms are web based, desk base, and mobile. Also, we consider its spread of 3 pips which is quite unfavorable to traders.
Confix Financial Withdrawal and Deposit Methods and Fees
Our investigation did not unveil any provision with regards to withdrawal but Traders may deposit through bank transfer, Visa and MasterCard.
However, we find it necessary to bring to your attention that this brokerage’s bonus conditions is unrealistic. Any trader who takes advantage of this bonus conditions may not be able to withdraw because the brokerage requires traders to “execute a minimum trading volume of an unspecified amount”. Honestly, this website’s lack of transparency is unnerving.
There is no information regarding a minimum deposit. Also, no information with regards to fees whether posted or hidden was found.
Is Confix Financial Licensed?
Unfortunately, we were unable to find anything in this regard. All we know is that, this broker is registered in the Marshal Islands. No copy of their license is posted on their web site. We suspect that there is none. Traders should be wary.
After much deliberation, we suspect that Confix Financial Review is a scam. Reasons are, the offshore location of this brokerage and lack of adequate information. We advise potential traders to exercise caution in every decision,carry out your own investigation and deposit only the minimum amount to avoid a huge loss.
Remember, the safety of your investments is our main objective.
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- Lack of Transparency
- Lack of Adequate Information
- Questionable Location