Warning: Is FinexGroup a Scam?

Investigation: FinexGroup (finexgroup.co)

Our experts warn you to stay away from FinexGroup (finexgroup.co).

We found that the company name is Cordelino Ltd, it is located at Beachmont Business Center, 136, Beachmont box 1510, Kingstown, Saint Vincent and the Grenadines, the phone number is '+16479301489, and the support email is support@finexgroup.co.

FinexGroup claims to be a investment firm, but it appears currently illegal by any major authority.

Cannot Withdraw from FinexGroup?

Are you struggling to withdraw your funds from FinexGroup? Submit the form below to consult our recovery team for a no-obligation case evaluation.

Regulatory Check: FinexGroup

FinexGroup operates without supervision.

Investing with unregulated entities is extremely unsafe. Legitimate firms are must be authorized with bodies like the FCA, CySEC, or CFTC to protect investors.

FinexGroup lacks this supervision. This means there is no safety net if they keep your money. Most investment fraud involve unlicensed actors, and recovering funds from them is hard without professional assistance.

For example, in Europe, unlicensed firms are not covered by the Financial Ombudsman. In the US, they are not members of regulatory bodies, so your money is at risk.

How They Steal Money

Online trading fraud is getting smarter. Fraudsters use psychological tricks to take your savings. Below are common methods used by brokers like FinexGroup (finexgroup.co).

Pig Butchering & Romance Scams

"Pig Butchering" is a brutal method where scammers build trust over months. They fake a friendship on social media. Eventually, they mention a secret crypto opportunity. It is a lie to lure you onto a fake platform like FinexGroup.

The "Bonus" Trap

Scammers build websites that mimic real trading apps. They have charts and balances that increase. But it is a fake. The broker controls the prices to make you feel rich to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• Unregulated: The firm has no authorization.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Ignore positive ratings. Fraudulent brokers often post their own positive reviews to appear real.

Conclusion

FinexGroup is unsafe. It is likely a scam. Protect your money and use a regulated broker. Avoid finexgroup.co at all costs.