Broker Review

Unauthorised Firm Details

Name: Finacix
Website: finacix.com

Finacix offers trading and investment services, claiming low spreads, multiple asset classes, and user-friendly platforms. However, regulators and independent watchdogs have raised serious concerns. The German regulator BaFin issued a warning that Finacix is carrying out financial services without authorization, and pointed out conflicting information about the firm’s legal operator names. BaFin noted the operator gives one company name in parts of their site (Finance and Investment Solutions Ltd.) and a different name (Finacix Ltd.) elsewhere, including the claim to be registered with a regulatory body that does not exist. Multiple security and reputation services (ScamAdviser, Gridinsoft, Scam Detector) warn that Finacix has a very low trust score: ownership is hidden (WHOIS privacy), domain is new, site traffic is low, and there are many reports from users of difficulty withdrawing funds and unclear fee structures.

Bottom line: Finacix exhibits many warning signs of an untrustworthy financial service: lack of authentic regulation, contradictory legal claims, hidden identity, user complaints, and negative ratings. Treat it as high risk; avoid depositing money until strong proof of licensing and good user feedback is confirmed.