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Score

5.35 /10
Average

Connext

Saint Vincent and the Grenadines

2-5 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Global Business

Medium potential risk

Offshore Regulated

https://global.connextfx.com

Influence

C

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index6.02

Risk Management Index8.22

Software Index8.22

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Connext LLC

Company Abbreviation

Connext

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-06-16
  • The Seychelles FSA regulation with license number: SD155 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

my profit remove by this cammer broker

this is a total scam broker. I don't waste your hard earn money here

Ashish7595
2024-09-21 13:56
Unable to Withdraw

SCAM BROKER

''Latency Abuse''With a ridiculous excuse, the principal and all my profits were blocked and they did not send me.. No one should invest here, it is completely fraudulent activity.

Toprak Ç.
2024-10-10 00:15
Unable to Withdraw

Scam platform

I just want my capital back, but with this platform all my money is taken. Capital and profit are taken. Be careful with this platform, it's better to use another platform with clear regulations. And all the complaints from those who have used this platform are the same. And below is the proof that my withdrawal was rejected, and they transferred my funds to their wallet.

FX4343195962
2024-09-26 08:32
Unable to Withdraw

Dissatisfaction and Warning About This Platform

Recently, I engaged in trading on this platform but unfortunately became a victim of a scam. I invested hundreds of dollars to purchase a service or product, only to encounter significant issues during the transaction process. Firstly, after making the payment, I did not receive any goods or services as promised, and the customer service response was extremely slow and unhelpful, failing to provide effective solutions to my concerns. Moreover, the operational details of the platform showed a lack of adequate protective measures, making me feel utterly deceived. This experience has been profoundly disappointing and has led me to seriously doubt the credibility of the platform. I urge the platform to address these issues promptly, improve its customer service system, and enhance transaction transparency to prevent others from suffering losses like mine. Additionally, I hope that my refund issue can be resolved quickly and that I receive fair compensation for my losses. Repeated attempts to contact customer support have always resulted in being told to wait 24 hours, yet the outcome remains unresolved regarding withdrawals. I advise everyone not to open accounts here as it is impossible to withdraw funds and it simply wastes time! I strongly recommend other consumers to be cautious when conducting transactions to avoid being deceived. A platform that refuses even to release a few hundred dollars is utterly reprehensible!

FX4018429438
2025-01-31 20:25
Connext · Company summary
Connext Review Summary
Registered2022
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFSA (Offshore Regulated)
Market InstrumentsForex, Precious Metals, Energies, and Cryptos
Demo Account✅
LeverageUp to 1:1000
SpreadFrom 0.6 pips
Trading PlatformMT5
Minimum Deposit$10
Copy Trading✅
Customer Supportsupport@connextfx.com
+248 4377028
Facebook, YouTube, WhatsApp

Connext Information

Connext is a global CFD broker. It offers trading in forex, precious metals, energies and cryptocurrencies via the MT5 platform, with leverage of up to 1:1000. Account types include Micro Accounts, Ultra Accounts (0.6 pip spread, $6 commission per lot), No Swap Accounts for Islamic traders, and demo accounts. Features such as copy trading and multi-device MT5 access are also provided.

Connext Information

Pros and Cons

Pros Cons
Demo account availableOffshore regulation risks
Low minimum deposit of $10Concealment of FCA regulatory proof
No deposit feesCommission fees charged
MT5 availableNo MT4
Copy trading function

Is Connext Legit?

The Seychelles Financial Services Authority (FSA) offshore regulates Connext with license number SD155. Although the platform claims to be regulated by the FCA, a top UK regulatory authority, it has not provided actual proof. It is recommended that traders prioritize brokers regulated by top-tier regulatory authorities for their transactions.

license

What Can I Trade on Connext?

Connext provides forex, precious metals, energy, and cryptocurrencies, specifically including over 60 major and minor currency pairs (such as EUR/USD, GBP/JPY), gold, silver, crude oil (such as UKOIL, USOIL), natural gas, Bitcoin, Ethereum, Monero, and more.

Tradable Instruments Supported
Forex✔
Energies✔
Precious Metals✔
Cryptocurrencies✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
assets

Account Type

MicroUltraStandardNo SwapULTRA GOLD
Minimum Deposit$10 (1,000 cents)$10$10$10$10
Maximum Leverage1:10001:10001:10001:10001:1000
Spreads From1.4 pips0.6 pips1.2 pips1.5 pips1.5 to 2.3 pips
Commission❌From $6 per lot❌❌From $3 per lot
Swap✔✔✔❌✔

Connext Fees

Spread costs: The minimum spread for major currency pairs is 0.6 pips (Ultra account), and the spread for gold is 1.5-2.3 pips (ULTRA GOLD account).

Commission: $6 per lot for Ultra, $3 per lot for ULTRA GOLD.

Swap: Overnight holding will generate interest for all accounts except the No Swap account, with the interest being positive or negative depending on the long/short position.

Connext Fees

Leverage

The leverage can be as high as 1:1000. From 00:00 GMT+2 on April 1, 2024, the new margin rates for financial products will be as follows:

Stock amount range (USD) MMaximum account leverage
Below 15,0001:1000
15,000 to 30,0001:500
30,000 to 50,0001:400
50,000 to 60,0001:200
Over 60,0001:100

Margin

Asset ClassMargin requirement by asset class
FX (Majors, Minors)Account Leverage
FX (Exotics, Nordics)1%
Indices (US30 contract size 1, All others 10)0.5%
GoldAccount Leverage
Energy (NGAS, UKOIL, USOIL)1%
Indices (US30 contract size 1, All others 10)10%
Crypto (Except Monero)20%
Crypto (Monero)50%
Stocks10%
Connext Fees

Trading Platform

Connext provides MetaTrader 5 (MT5), which supports multi-terminal synchronization, such as desktop, mobile, and web terminals. It also supports the EA intelligent trading system, making it suitable for Experienced traders.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Mobile, and WebExperienced Traders
MT4❌/Beginners
Trading Platform

Deposit and Withdrawal

Connext offers a minimum deposit of only $10 and it does not charge any deposit fees. However, other details such as payment options, processing time, and accepted currencies, are not clear.

Copy Trading

Through the built-in Copy mechanism of the platform, users can replicate the strategies of over 6,000 professional traders worldwide, making it suitable for traders lacking time or experience.

Copy Trading

User Reviews

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User comment

21

Comments

Write a review

FX4018429438
3-6months
我最近在這個平台上進行了交易，但卻不幸成為了詐騙的受害者。我投入了百元進行某項服務或產品的購買，然而交易過程中發現平台存在明顯的問題。首先，付款後並未如約收到任何商品或服務，其客服回應也極其遲緩且敷衍，對我提出的問題根本沒有給予有效的解決方案。再者，該平台的運營細節顯示其並未提供合理的保障措施，讓我覺得自己完全處於被欺騙的狀態。 這次的經歷讓我非常失望，也讓我對平台的信譽產生了極大的懷疑。我希望平台能夠正視這些問題，改善客服系統和交易透明度，以避免更多人像我一樣遭受損失。同時，也希望能夠儘快解決我的退款問題，並對我的損失給出合理的補償。 屢次向客服反應，永遠如圖說２４小時等待，最後的結果仍然無法出金！ 奉勸各位不用開戶，因為根本無法出金而且還浪費時間！ 強烈建議其他消費者在進行交易時要謹慎，避免上當受騙！ 連幾百美金都不給出金的平台，真的可惡至極！
我最近在這個平台上進行了交易，但卻不幸成為了詐騙的受害者。我投入了百元進行某項服務或產品的購買，然而交易過程中發現平台存在明顯的問題。首先，付款後並未如約收到任何商品或服務，其客服回應也極其遲緩且敷衍，對我提出的問題根本沒有給予有效的解決方案。再者，該平台的運營細節顯示其並未提供合理的保障措施，讓我覺得自己完全處於被欺騙的狀態。 這次的經歷讓我非常失望，也讓我對平台的信譽產生了極大的懷疑。我希望平台能夠正視這些問題，改善客服系統和交易透明度，以避免更多人像我一樣遭受損失。同時，也希望能夠儘快解決我的退款問題，並對我的損失給出合理的補償。 屢次向客服反應，永遠如圖說２４小時等待，最後的結果仍然無法出金！ 奉勸各位不用開戶，因為根本無法出金而且還浪費時間！ 強烈建議其他消費者在進行交易時要謹慎，避免上當受騙！ 連幾百美金都不給出金的平台，真的可惡至極！
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+1
2025-01-31 20:25
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0
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Toprak Ç.
6-12months
''Latency Abuse''With a ridiculous excuse, the principal and all my profits were blocked and they did not send me.. No one should invest here, it is completely fraudulent activity.
''Latency Abuse''With a ridiculous excuse, the principal and all my profits were blocked and they did not send me.. No one should invest here, it is completely fraudulent activity.
Translate to English
2024-10-10 00:15
Reply
0
0
4