Broker Review

Unauthorised Firm Details

Name: Fxnity.com
Website: www.fxnity.com

Platform Overview

FXnity is an online trading platform offering access to various financial markets, including forex, cryptocurrencies, stocks, indices, commodities, and metals. The platform claims to provide competitive trading conditions, such as tight spreads, high leverage (up to 1:500), and 100% A-Book execution. FXnity utilizes the cTrader platform, known for its advanced charting tools and automated trading capabilities.

Regulatory Status and Legal Standing

FXnity is operated by FXnity Limited Liability Company, registered in Costa Rica. However, Costa Rica does not have a recognized financial authority that regulates retail foreign exchange trading activities. The absence of regulatory oversight in the jurisdiction where FXnity operates poses significant risks to investors, including a lack of investor protection, transparency, and accountability.

Transparency and Corporate Information

• Ownership and Management: FXnity provides limited information about its ownership and management team, raising concerns about the platform’s transparency.

• Company Registration: While FXnity claims to be registered in Costa Rica, the lack of verifiable regulatory licenses or supervisory information further diminishes investor confidence.

Customer Experience and Operational Concerns

• User Reviews: Independent reviews of FXnity present a mixed picture. Some users report positive experiences, praising the platform’s execution speed and customer support. Others express concerns about withdrawal issues and lack of responsiveness from customer service.

• Trust Scores: Platforms like ScamAdviser have assigned a low trust score to FXnity, citing factors such as the website’s age, lack of regulatory information, and the presence of high-risk financial services.

Conclusion

While FXnity markets itself as a professional trading platform, the lack of regulatory oversight, limited transparency, and mixed user experiences suggest significant risks. Investors should exercise extreme caution and prioritize brokers with verified regulation, transparent operations, and a proven track record of reliability