Faexgroup is a Switzerland-based Forex broker that provides investors with trading services in forex, metals, energy, stocks and indices. In addition, the company's website shows that it is headquartered in Bern, Switzerland, and does not provide services to investors in jurisdictions that may violate local laws or regulations.
Company background:
Faexgroup's official website shows that the company is registered in Switzerland. However, the website of the Swiss Federal Commercial Registry (Zefix) did not find any registration information related to the company, indicating that the information that the company was registered in Switzerland was false. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on October 25, 2023, and the domain name registration time is not more than 1 year ago.
Account Registration:
Faexgroup website information shows that the company provides investors with real account registration links. The way to register a real account is: Click "SIGN UP" in the upper right corner of Faexgroup's official website, or "Open in account or Sign up" on the left of the home page of Faexgroup's official website to enter the account registration page, and select or fill in the information such as your name, Email address, telephone number and other information as required to complete the registration of the real account. The Faexgroup official website account registration page is also supported in English, Russian, Spanish and Turkish. However, the Faexgroup website does not provide registration information for the demo account.
Account Type:
Faexgroup website information shows that the company provides investors with Mini, Standart, Gold, Platinum, ECN five different types of trading accounts. In addition, the Faexgroup website also provides the differences between the five accounts in terms of minimum deposit amount, customer service and withdrawal.
Trading Products:
Faexgroup website information shows that the company provides investors with foreign exchange, metals, energy, stocks, indices trading services. In addition, the official website of Faexgroup not only provides the specific trading products covered by foreign exchange, metals, energy, stocks and indexes, but also provides the spread, commission, margin (leverage) ratio and other information of specific trading products. However, the Faexgroup website does not provide information on the minimum trading unit, maximum trading unit and overnight interest for specific trading products.
Margin ratio:
Faexgroup not only displays the margin (leverage) ratio of forex, stocks, and indices on the homepage of its official website, but also provides margin (leverage) ratio information of forex, metals, energy, stocks, and specific trading products covered by indices in the "Market".
Trading Hours:
The Faexgroup website does not provide information on the trading hours of specific trading products covered by Forex, metals, energy, stocks and indices.
Deposits and Withdrawals:
Although Faexgroup states the minimum withdrawal amount and withdrawal fees in the "Withdrawal Policy", Faexgroup's official website does not provide the channels and methods of deposit and withdrawal supported by FaexGroup, nor does it provide information such as the currency and time of deposit and withdrawal supported by FaexGroup, as well as deposit fees.
Trading Software:
Faexgroup website information shows that the company provides investors with self-developed trading software FaexPlatform, which supports the Web version and mobile version (IOS/Android). However, the Android version of the trading software in some countries or regions, there are problems that cannot be downloaded or downloaded and installed slowly.
Other services:
Faexgroup website information shows that the company provides investors with economic calendar services, which can help investors understand the economic data or financial events that have happened or will happen in the financial market.
Regulatory information:
According to Faexgroup's website, the company is regulated or authorised by the UK's Financial Conduct Authority (FCA). However, the UK Financial Conduct Authority (FCA) website did not find any regulatory or authorisation information relating to the company, indicating that the company is regulated or authorised by the UK Financial Conduct Authority (FCA) information is false.
Summary:
Faexgroup is suspected of fraud. First of all, Faexgroup's official website shows that it is registered in Switzerland, but the website of the Swiss Federal Commercial Registry (Zefix) does not find any registration information related to the company, indicating that the company is registered in Switzerland information is false. Second, the Faexgroup website indicates that it is regulated or authorised by the UK Financial Conduct Authority (FCA). However, the UK Financial Conduct Authority (FCA) website did not find any regulatory or authorisation information relating to the company, indicating that the company is regulated or authorised by the UK Financial Conduct Authority (FCA) is equally false. According to this judgment, Faexgroup is suspected of fraud, and investors need to carefully choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
