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Forex

Retail Broker

Inefex

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Inefex

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Inefex - Pros and Cons

Pros

Offers a wide range of investment products
Provides multiple account types to choose from
Includes a cost calculator tool to help investors easily estimate trading fees

Cons

Concerns about the reliability of licensing
Spreads for major currency pairs, such as EUR/USD, are around 3.0 pips, higher than those offered by more reputable and regulated brokers
High minimum deposit requirement compared to other brokers
User reports of issues with withdrawals Limited customer support channels, making problem resolution slower
Limited customer support channels, making problem resolution slower
Lack of clear information on deposit/withdrawal methods and fees

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News

TrustFinance Intelligence Agency

Research date: Thg 10 14, 2025

The Reserve Bank of India (RBI) has added 13 unauthorized Forex trading platforms to its Alert List. The list includes names such as Ranger Capital, TDFX, and Inefex, among others. The RBI warns that the list is not exhaustive and that any entity not listed should not be assumed to be authorized.

The Reserve Bank of India (RBI) has added 13 unauthorized Forex trading platforms to its Alert List. The list includes names such as Ranger Capital, TDFX, and Inefex, among others. The RBI warns that the list is not exhaustive and that any entity not listed should not be assumed to be authorized.

The Reserve Bank of India has updated its 'Alert List' of unauthorized forex trading platforms, adding 13 new entities, including TDFX and Inefex, bringing the total to 88. The list includes entities not authorized to deal in forex under the Foreign Exchange Management Act, 1999, and highlights that entities not on the list should not be assumed to be authorized. The RBI emphasized that the list is not exhaustive and provided guidance on how to verify the authorization status of any trading platform.

The Reserve Bank of India has updated its 'Alert List' of unauthorized forex trading platforms, adding 13 new entities, including TDFX and Inefex, bringing the total to 88. The list includes entities not authorized to deal in forex under the Foreign Exchange Management Act, 1999, and highlights that entities not on the list should not be assumed to be authorized. The RBI emphasized that the list is not exhaustive and provided guidance on how to verify the authorization status of any trading platform.

The Reserve Bank of India (RBI) has updated its alert list to warn investors against unauthorized forex trading platforms. The list includes several entities that are not permitted to deal in foreign exchange under the Foreign Exchange Management Act (FEMA). Investors are advised to use only genuine and authorized trading platforms to avoid scams. Additionally, the Indian rupee has recently fallen to a record low against the US dollar, and India's forex reserves have surpassed $700 billion for the first time.

The Reserve Bank of India (RBI) has updated its alert list to warn investors against unauthorized forex trading platforms. The list includes several entities that are not permitted to deal in foreign exchange under the Foreign Exchange Management Act (FEMA). Investors are advised to use only genuine and authorized trading platforms to avoid scams. Additionally, the Indian rupee has recently fallen to a record low against the US dollar, and India's forex reserves have surpassed $700 billion for the first time.

The Reserve Bank of India (RBI) has released an updated alert list of unauthorized forex trading platforms, now including 13 new names that are prohibited from engaging in foreign exchange trading under the Foreign Exchange Management Act (FEMA), 1999. The RBI warns the public against these platforms, which have been linked to fraudulent activities and deceptive advertisements targeting unsuspecting individuals. The list is part of ongoing efforts to combat illegal forex trading activities and protect residents from financial losses.

The Reserve Bank of India (RBI) has released an updated alert list of unauthorized forex trading platforms, now including 13 new names that are prohibited from engaging in foreign exchange trading under the Foreign Exchange Management Act (FEMA), 1999. The RBI warns the public against these platforms, which have been linked to fraudulent activities and deceptive advertisements targeting unsuspecting individuals. The list is part of ongoing efforts to combat illegal forex trading activities and protect residents from financial losses.

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Inefex Review: Is Inefex Broker Good?

Choosing the right Forex broker is a crucial step for traders of all levels. In this article, we review and explore Inefex to find out whether it meets the needs of the average trader. We consider important factors such as reliability, fees, platforms, and customer service to help you make an informed decision.

Broker overview and general information

Inefex Broker is a new broker that has been open for a short time.It is a broker that offers trading in Contracts for Difference (CFDs) on a variety of assets such as Forex, Stocks, Indices, Commodities and Cryptocurrencies. The company is operated by Novir Markets Ltd, registered in Mauritius.

In terms of security, the broker makes statements regarding safety and reliability, such as a policy of segregating client funds, using the highest standard PCI scanning and SSL certificates, as well as disclosing regulatory and regulated licenses.

Broker Licensing and Regulation

If you ask whether Inefex is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

Mauritius' Financial Services Commission (FSC) License No. GB21026833 under NOVIR MARKETS LTD.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSC license because it is a Tier D license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, this factor should be reconsidered before investing.

Broker Products and Services

Trading products

The broker offers a wide range of financial instruments for trading, including:

Stocks: Trade shares of the world's leading companies via CFDs (contracts for difference), allowing investors to speculate on stock price changes without actually owning the shares.
Cryptocurrencies: Access the growing cryptocurrency market, such as Bitcoin and other popular coins.
Currencies: Trade major and minor currency pairs to profit from foreign exchange rate fluctuations.
Commodities: Invest in a variety of commodities such as gold, oil, and natural gas.
Indices: Trade leading stock market indices to track and profit from overall market movements.

Trading Platform

MetaTrader 4 (MT4): A popular and well-equipped platform, ideal for experienced traders.

Inefex Web Trader: An easy-to-use platform via a web browser, ideal for traders who want convenience and speed.

Inefex Review: Account Types

There are 4 types of trading accounts as follows:

Feature	Basic	Gold	Platinum	VIP
Maximum Leverage	1:400	1:400	1:400	1:400
Floating Spread Starting	3.0 pips	2.7 pips	2.1 pips	1.6 pips
Free Withdrawal Transactions	1 Time	1 per Month	3 per Month	No Fees
Minimum Deposit	€250	€25,000	€100,000	€250,000

Customer Service

Live Chat
Email: [email protected]
Telephone: +23052971917

Broker Review Overview Summary

Inefex is a new broker with clear license and regulation from FSC, but there are concerns because this agency is not very strict in terms of regulation.

In addition, the spreads on major currency pairs such as EUR/USD offered are as high as 3.0 pips, and the minimum account opening is considered high compared to other brokers on the market.

In addition, there are reports from users about problems with withdrawals, which may affect the reliability of transaction security. Therefore, this information should be considered again before investing.

Frequently asked questions about Inefex

1. What is Inefex?

Inefex is a broker that offers trading in Contracts for Difference (CFDs) on a variety of assets, including Forex, Stocks, Indices, Commodities and Cryptocurrencies.

2. Is Inefex licensed?

The broker claims to be licensed by the Financial Services Commission (FSC) of Mauritius, but there are concerns about the reliability of the license as it is not regulated by a reputable international authority such as the FCA or ASIC.

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Inefex Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.