Inefex

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:

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.