Warning: Is IgeniusFX a Scam?

Is IgeniusFX (igeniusfx.com) a Scam?

IgeniusFX (igeniusfx.com) has been identified as a probable illicit operation.

We found that the company name is Igenius FX, it is located at Room Sf2 11-14, Newry Street, Newry, Co. Down, United Kingdom, BT34 3JZ, the phone number is +447300973570, and the support email is igenius-fx@gmil.com.

IgeniusFX presents itself as a investment provider, but it appears currently unlicensed by any top-tier authority, like the ASIC or CySEC.

Scammed by IgeniusFX?

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Is IgeniusFX Safe?

IgeniusFX runs without supervision.

Investing with unregulated firms is extremely unsafe. Trusted firms are must be licensed with bodies like the FCA, CySEC, or CFTC for your protection.

IgeniusFX operates without this protection. This means there is no protection if they withhold your money. Most online scams involve unlicensed entities, and getting back funds from them is difficult without expert assistance.

For instance, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of SIPC, meaning your money is at risk.

How They Steal Money

Online trading fraud is evolving. Fraudsters use social engineering to take wealth. Here are typical tactics seen in sites similar to IgeniusFX (igeniusfx.com).

Dating App Scams

"Pig Butchering" is a cruel method where scammers build trust over months. They fake a romance on social media. Once trust is built, they mention a secret investment. It's a trap to lure you onto a scam site like IgeniusFX.

The "Bonus" Trap

Fraudsters build websites that look exactly like legit trading apps. They have charts and profits that increase. But it is a game. The broker manipulates the prices to convince you so you invest more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Cold Calling: They call you from "brokers" you don't know.
• No License: The company has no legal registration.
• High Returns: They promise huge profits or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to invest bigger amounts.

Ignore positive ratings. Fraudulent brokers frequently post their own 5-star comments to look legitimate.

Final Thoughts

Our verdict is to avoid IgeniusFX. It is likely a fraud. Save your funds and use a licensed broker. Avoid igeniusfx.com at all costs.