FXNX

The broker is, of course, trying to do something, but it’s not enough. Because its operations are illegal in Spain, all withdrawals and deposits now happen via cryptocurrency on a personal basis. I don’t know if I should look for a new company – do they have the same problems? But this is a problem, and if FXNX doesn’t solve it, I’ll have to look for some other brokerage with high leverage.

Don’t trust FXNX. My story is short: I deposited $350, and after a month the amount had grown, but when I wanted to withdraw my profits, they said the funds were frozen due to suspicious activity. There’s no evidence, just accusations.

At first, they let me withdraw my profits, then they set a withdrawal limit of €100 to €500. I requested a €500 deposit, but the funds ended up coming in installments; the remaining €50 in profits finally made it to my account after several days of back-and-forth (I can provide screenshots of the correspondence). In the end, I decided to withdraw all my money from my fxnx account, but it’s been 9 days and the money still hasn’t arrived. Apparently, the broker realized I wouldn’t be working with them anymore, so they didn’t transfer the money. Another downside is that it can be difficult to deposit money into the account, since my bank sometimes blocks the payment because, as the operator says, fxnx is an unreliable recipient. From this, I concluded that the money goes to an individual rather than a company account.

The tiny jurisdiction of Mwali has turned into a veritable hotbed of financial scammers seeking to lend legitimacy to their fraud. The local regulator, MISA, seems to care less about protecting investors and more about collecting bribes for licenses, which it hands out left and right without any serious vetting. These licensed companies, such as FXNX, often turn out to be outright scams, luring clients with promises of quick riches and then vanishing without a trace along with their money. MISA is effectively legalizing financial fraud. That’s why you need to check fxnx.com for scams right from the start.

I deposited $740 into my trading account, and literally three days later, I found I’d lost 90% of it. The support team’s response was, “The market is unpredictable.” But their competence is predictable – it’s zero!

I found that the information was outdated and ineffective. My attempts to follow their strategies resulted in the loss of my $4,300 deposit. I feel cheated, as I expected up-to-date and effective recommendations from the broker. FXnx’s support service proved to be completely useless, ignoring my requests for help.

It feels like they’re all in cahoots. When I started dealing with this regulator about the scam that froze my $324, I didn’t really hear or get anything from them. The firm is a total scam! They may be officially registered, but they managed to forge a license for the scam…

Why was there $2,340 in my account yesterday, but today it’s only $1,218? They widen their spreads however they want, especially when the market is volatile. I tried calling — it was a total waste of time. This isn’t a broker, these are scammers!