More than 200 trading tools, an innovative and modern platform, a knowledge base and many more advantages — Fibinex provides all of this. However, this is what almost every company says about itself in the hope of attracting traders. Moreover, reviews in such cases often turn out to be negative. Let’s check the proposals of this broker in more detail and find out whether it is worth attention or if another scam is on our way.
- Fibinex General Information
- Registration and Client Portal Review
- Fibinex Trading Conditions
- Account Types Review
- Trading Platform
- Fibinex — Deposit and Withdrawal of Funds
- Additional Options
- Is Fibinex a Scam?
- Legal Information and License
- Fibinex.io Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Fibinex General Information
|Address||Suite 7, Henville Building, Main Street, Charlestown, Nevis.|
Registration and Client Portal Review
The official website of Fibinex does not make a pleasant impression. It is too similar to the sites of other brokers and does not stand out for originality. It has a standard design and a dull color scheme. Besides, there are so many enumerations of advantages that it becomes boring to read these odes. Literally, the entire main page is full of them only. The broker claims that it cares about every trader. However, not every beginner can trade here.
In fact, the entire registration process consists of filling out one small form. Unfortunately, this is not the form that licensed brokers use. Usually, traders have to fill out several questionnaires, including such fields as personal income, trading experience, etc. Here, at Fibinex, you do not even need to confirm your phone number and email. It is enough just to specify contacts, first and last name, country of residence, account type, and come up with a password.
However, there is one disappointing fact. During registration, you have to specify a promo code. The broker does not say where to get it. Without this data, Fibinex will not allow you to create an account. And this nuance can immediately be attributed to the disadvantages of the project. Honest companies never restrict access to your Client Portal in this way. Perhaps Fibinex has something to hide or it just needs a referral program.
Fibinex Trading Conditions
Don’t expect something special and original. Fibinex is a regular CFD broker.
Account Types Review
You can start trading on the Fibinex platform with $5,000. Yes, it’s a lot, especially for a beginner. Strangely, the company has overstated the deposit so much. All modern brokers, on the contrary, try to set minimum levels of 10-250 dollars.
Fibinex has a division into account types. There are 4 options. They differ slightly in the minimum deposit amount and leverage. No additional services are described. There is also no detailed information about spreads, trading commissions, swaps, and other fees. The only thing that is specified is that the broker provides an Islamic account. At the same time, there is no demo account. Deposit five thousand at once, even if you don’t know how to trade.
At the same time, the entire broker’s team is, of course, anonymous. What kind of analysts and managers will go with clients is a big mystery.
Fibinex also praises the trading platform very much. However, we cannot check whether it is really that good. Because a promo code is required for registration, we can’t see the inside of the Personal Area. Of course, we doubt that the terminal is worthy. Fibinex even skimped on buying a downloadable version for PCs and smartphones. Clients are offered only a web trader.
Fibinex — Deposit and Withdrawal of Funds
There are several ways to fund your account. The company mentions bank transfers, credit cards, and crypto. You can withdraw money using the same methods. The speed of crediting funds to the account depends on which payment system was used. However, Fibinex does not say how soon it will notice your withdrawal request.
You can upload documents to your personal account or send them to the broker by email. Nothing supernatural will be required. You need to confirm your identity and place of residence. By the way, it is better to pass verification before depositing. Fibinex will definitely not allow you to withdraw money without it.
Additional broker services are not described in detail. We only know that Fibinex provides education. On the site, you can find several mediocre articles on the topic of trading and basic strategies.
Is Fibinex a Scam?
For us, there is no doubt that it is a typical scam. It is also easy to prove this fact.
Legal Information and License
The company claims to be registered offshore. It chose the islands of Saint Kitts and Nevis as its place of residence. It’s very convenient because even the registry of this state is closed. To get information from there, you need to pay. Therefore, it is very easy to deceive traders. After all, they simply will not check whether such a company really exists.
At the same time, offshore brokers are not regulated by anyone. Fibinex also does not say that it has a license to work. In fact, the broker works illegally.
Fibinex.io Domain Info
The broker does not say anything about how long it has been working and how many clients it has been able to attract. Usually, that means that the company simply has nothing to brag about. We are sure that Fibinex appeared quite recently. All the reviews that traders have left about it relate to 2022. Checking the domain also shows that the site was made not so long ago. According to the Whois service, it was created on May 30, 2022.
This firm does not specify the office address. There is only a legal address. So, it is better not to count on a personal meeting with the company’s employees. However, you can call them or write an email.
The project also has several social media accounts. Please note that all of them have appeared recently. Also, we were interested in the number of followers. Obviously, the company has only been working for a few months.
The most disappointing fact is that Fibinex is a serial scam project. We have recently considered its StockScales clone. Pay attention to how similar the sites of these two brokers are. Moreover, they even use the same legend, and both lie about being registered in Saint Kitts and Nevis. Even their minimum deposits are the same. Who would have thought? What a coincidence!
Pros and Cons
- The deposit requirements are too high.
- No demo.
- Registered offshore.
- No license to work.
- It is impossible to register on the platform without an invitation.
- Negative reviews.
Frequently Asked Questions (FAQ)
The broker offers typical CFD trading. It also has educational materials.
The company has not humbled requests at all. Even for beginners, the minimum deposit is very high – 5 thousand dollars.
No, we would not recommend you to trade with this broker. Fibinex is a typical offshore company that has not received a license and is not regulated by any supervisory authorities.