MEXO Finance is a forex broker whose official website domain was registered on January 18, 2024. It mainly offers investors trading services of financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. The headquarters address of the company is unknown. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the public information on the official website of MEXO Finance, its headquarters is located in London and is authorized and regulated by the Financial Conduct Authority (FCA) of the UK. Moreover, the broker is also registered with the Financial Crimes Enforcement Network (FinCEN) of the USA and is under its regulation.
Upon verification, FinCEN does not have a registered entity named MEXO Finance in its records, and the agency does not provide regulation for financial derivatives trading. Similarly, the FCA's official website also does not list MEXO Finance as an authorized broker.
Additionally, the web design and content of this broker's site shares striking similarities with those of other brokers such as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, Maxtra Financial Limited, etc.
Opening an Account:
To open an account with MEXO Finance: Visit the broker's official website, click on 'Register' at the homepage or top right corner to enter the account registration page, fill in your email address, set a login password, and submit. Once the application is submitted, the account registration is successful.
Trading Account Information:
The official website of MEXO Finance does not disclose information about the spreads, trading leverage, margin calls/stop-out levels, account types, trading commissions, minimum/maximum trading volume, maximum position/order quantity, or minimum price precision.
Trading Platform:
MEXO Finance offers a proprietary trading platform to its users.
Deposits and Withdrawals:
MEXO Finance does not specify the supported methods for deposits and withdrawals, associated fees, or the minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows reminds investors that MEXO Finance is a forex scam website with opaque registration and regulatory information, suspected of false advertising. The only means of contact is through email, with very limited contact information. The website design and content are identical to those of CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, Maxtra Financial Limited, GYG INVESTMENT LTD, and other brokers. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
