Some scam brokers genuinely surprise us. They offer their services to traders without even bothering to cover their activities with a fabricated story about a legitimate company operating under a license. Our Fintxpert review focuses on one such platform. This pseudo-company, without any basis, claims to offer boundless opportunities for clients, a wide selection of assets, and complete security of users’ funds and data. In reality, the only thing you can do here is lose money. We aim to show you how high the risks are of becoming a victim of fraud in this project. You’ll find the details below.
Key Features
- Company Name: Fintxpert Ltd
- Website: https://www.fintxpert.com/
- Available Contacts: [email protected]
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: Not specified
From Sign-Up to Payout
It’s hard to find the right words to describe Fintxpert’s official website. The only somewhat successful decision made by the developers was an animated banner on the homepage. Everything else leaves a depressing impression.
- At first glance, the strict design of the homepage might seem stylish. However, poor color choices and imagery make the homepage blatantly unattractive.
- Users are encouraged to carefully review the company’s documents, including its KYC and AML policies. However, these policies are absent from the available documentation. Furthermore, the “General Legal” document (which appears to be the broker’s version of Terms & Conditions) doesn’t resemble a proper user agreement. At the very least, it lacks most of the provisions governing the relationship between the company and the client.
- The content of most pages consists of dull, unformatted text with no attempt to structure it, and more importantly, offers zero useful information.
- During the registration process, clients are asked to provide minimal personal data. Moreover, entering details like an address is not required even in the personal account. Yet, for verification purposes, documented proof of address is demanded. It’s curious how this aligns with the absence of published KYC and AML policies, as mentioned earlier.
We won’t even delve deeply into the numerous inconsistencies found on practically every page. For example, the company states that its “dedicated support” is available 24 hours, 5 days a week, but in the same section, it mentions an 11/5 operating schedule. Equally baffling are the claims regarding the number of available assets. Depending on the page, the figure ranges from over 200 to 250 to 400. It seems the platform’s owners themselves aren’t sure what they’re offering to potential clients.
In short, we doubt any legitimate, regulated broker would tolerate such neglectful treatment of its official website. But it appears that no one at Fintxpert pays attention to this. These scammers are entirely indifferent to how their website looks or functions, as it plays no role in attracting their audience.
Our Trading Experience With Fintxpert
The broker claims that its trading platform has been repeatedly recognized with industry awards and honors. However, a single glance at this unimpressive terminal reveals that such claims are, to put it mildly, exaggerated.
The software has far more shortcomings than advantages:
- Market overview functionality is poorly organized, lacking even the option to add symbols to Favorites. Quick switching between price charts is out of the question.
- The platform does not include graphical tools or indicators for technical analysis. One wonders how traders are expected to make trading decisions.
- The developers seem to be unaware of multi-chart modes or one-click trading options.
- Even the contract specifications for each financial instrument are incomplete. Where traders are supposed to find this missing information is anyone’s guess.
We didn’t even bother searching for auto-trading options. It’s clear that the platform isn’t designed for trading at all. Its sole purpose appears to be displaying a fabricated account balance to Fintxpert clients before they inevitably lose their money.
The broker’s trading conditions also left us in awe — though not in a good way. For instance, the account comparison table doesn’t even include minimum deposit amounts. Instead, potential clients are supposed to be satisfied with the opportunity to trade with “Competitive Silver Spreads,” “Premium Gold Spreads,” or “Exclusive Platinum Spreads.” How these spreads are measured — in pips or percentages — is left unclarified, just like the 25% or 50% discounts on swaps. What’s important, apparently, is the discount itself, not the initial value it’s based on.
At least the platform doesn’t forget to mention its leverage offerings, which are astonishingly high. Maximum leverage rises from 1:200 on Standard accounts to 1:1000 for VIP accounts. Clearly, traders with substantial account balances should lose their funds as quickly as possible, and this level of leverage ensures that even professionals face unacceptable risks.
On the homepage, the broker promises over 60 professional educational videos. Unfortunately, these are only accessible to Gold account holders and above. Evidently, no money for a premium account means no access to learning. A classic scammer’s approach.
And for those who do have funds for a premium account? The educational materials remain inaccessible. At least, there’s no sign of such features in the personal account area.
The Reality Check
Nowhere on its website does Fintxpert mention its registration details or licenses. Instead, it tirelessly touts its top-notch service and enormous advantages for its clients. We had no choice but to turn to the OpenCorporates database, which contains information on hundreds of millions of companies worldwide.
As we can see, the search didn’t yield any relevant results. Of course, no aggregator can track every company in the world. However, we are 99% certain that Fintxpert is not registered in any jurisdiction.
This broker exists solely as a virtual entity, operating exclusively online. In fact, the word “virtual” could easily become its slogan: a virtual company running virtual trades, showing clients a virtual balance, and so on.
Naturally, this pseudo-company does not hold any licenses. Regulators, even those in offshore jurisdictions, do not issue licenses to virtual entities such as websites. Neither liquidity providers nor electronic trading system operators — who distribute live price feeds — work with such entities.
What’s the reality here? It’s a 100% guarantee of losing your money and an equally strong assurance that Fintxpert is a scam whose operations are entirely illegal. Do you still feel like transferring your money to accounts opened with them?
How Long Has Fintxpert Been in the Game?
To our surprise, the broker provided information claiming it was established in 2021 and now serves clients from over 150 countries. Naturally, we verified this information using the Whois service.
As it turns out, the domain fintxpert.com was only registered on November 26, 2024. This means that at the time of writing this review, the company is barely over two weeks old. The details provided on the “About” page are purely fictional and have nothing to do with reality. It is a blatant attempt to mislead users, further confirming that Fintxpert is a scam platform with exceptionally high risks for traders.
Extra Fraud Indicators
Now let’s discuss the methods this broker uses to craft a positive image. How many Fintxpert reviews do you think could have appeared online within two weeks? Surprisingly, on platforms like Reviews.io, there are already six reviews, all giving the company top marks.
Furthermore, there are numerous websites featuring so-called expert opinions from Fintxpert about the current state of global financial markets. Unsurprisingly, these articles always conclude by praising the platform.
It’s clear that the project owners spare no expense in building a positive reputation. It’s hard to believe that an unknown company suddenly gained such popularity that it’s mentioned on a dozen informational portals. Yet, it’s easy to see how their money is working wonders.
However, when it comes to dedicated trading and investment websites, Fintxpert’s reputation takes a nosedive. Experts objectively assess the information about the broker and almost unanimously conclude that it is a scam. And, as you’ve likely guessed, we fully agree with this conclusion.
Is Fintxpert the Right Fit?
In this Fintxpert review, we aimed to objectively evaluate this broker. It’s not our fault that they operate without official registration or licenses, attempt to mislead traders about their operating history, and pay for fake reviews and articles online. Based on these facts, we can confidently conclude that this is yet another scam project whose primary goal is to deceive clients and steal their money. The solution is simple: avoid becoming a victim of fraud. Don’t open accounts or deposit funds with them.
Thanks to Fintxpert, I’ve learned the hard way never to deal with unverified companies. These scammers spend a lot on advertising and praise themselves, but in reality, they’re not worth even a fraction of their words. The terminal crashes multiple times a day, with slippage and glitches. If you manage to secure a profitable trade, they won’t let you withdraw your earnings. You’ll beg for a week and then give up. Why even bother with such scammers?