Inefex Information Revealed
Abstract：Inefex, a broker operating in the financial industry, lacks valid regulation, raising concerns about transparency and accountability. Potential investors should exercise caution when considering engaging with this unregulated entity. Inefex offers trading in stocks, cryptocurrencies, currencies, commodities, and indices. They provide various account types, including Basic, Gold, Platinum, and VIP, with different minimum deposit requirements and floating spreads. Inefex offers high leverage of up to 1:500 and variable spreads depending on the account type and trading instrument. The broker supports the MetaTrader 4 platform and a web-based trading platform. They provide a Cost Calculation Tool and educational resources on trading, strategies, margin, leverage, and more. Customer support is available via phone, email, and live chat. User reviews on WikiFX vary, with some expressing satisfaction and others mentioning potential issues.
| Inefex Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Mauritius |
| Regulation | Not Regulated |
| Market Instruments | Currencies, Cryptocurrencies, Commodities, Stocks, and Indices CFDs |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:400 |
| Spread | EUR/USD: 3.0 pips (Basic account) |
| Trading Platform | Inefex Web Trader |
| Min Deposit | €250 |
| Customer Support | info@inefex.com |
| +23052971917 | |
Inefex Information
Inefex is a CFD broker operating in the financial industry in Mauritius. It offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. With four different account types, clients can enjoy flexible spreads and high leverage of up to 1:400, and it charges no fees for deposits and withdrawals. However, it requires a minimum deposit of €250.
Pros and Cons
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Is Inefex Legit?
Inefex is unregulated by any financial authorities. The domain name inefex.com on WHOIS was registered on January 20, 2020; updated on October 14, 2024; and will expire on January 20, 2028. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.
What Can I Trade on Inefex?
Inefex offers many different market instruments, including currencies, cryptocurrencies, commodities, stocks, and indices CFDs. There's no ETF trading or bond trading. But overall, you still have a good mix of investment options.
| Tradable Instruments | Supported |
| Cryptocurrency | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ✔ |
| ETFs | ❌ |
| Bond | ❌ |
| Metals | ❌ |
Account Type
Inefex offers four types of accounts: Basic, Gold, Platinum, and VIP, each requiring a different minimum deposit (€250, €25,000, €100,000, and €250,000, respectively). If you're new or prefer a lower initial investment, the Basic account is a starting point. For tighter spreads and potentially better trading conditions with a larger deposit, consider the Gold, Platinum, or VIP accounts based on your capital and trading volume.
| Account Type | Minimum Deposit |
| BASIC | €250 |
| GOLD | €25,000 |
| PLATINUM | €100,000 |
| VIP | €250,000 |
Leverage
All account types offer a maximum leverage of 1:400, allowing traders to control large positions with a relatively small amount of capital.
Inefex Fees
As the account tier increases (from Basic to VIP) and the minimum deposit becomes higher, the spreads offered on various instruments tend to decrease. For instance, on the EUR/USD pair, the spread is 3.0 pips for the Basic account, but it narrows to 1.6 pips for the VIP account.
| Spread | BASIC (€250) | GOLD (€25,000) | PLATINUM (€100,000) | VIP (€250,000) |
| EUR/USD | 3.0 PIPS | 2.7 PIPS | 2.1 PIPS | 1.6 PIPS |
| GBP/USD | 3.4 PIPS | 3.1 PIPS | 2.5 PIPS | 2.0 PIPS |
| USD/JPY | 3.3 PIPS | 3.0 PIPS | 2.4 PIPS | 1.9 PIPS |
| CRUDE OIL | $0.12 | $0.11 | $0.10 | $0.08 |
Non-Trading Fees
| Deposit Fee | Free |
| Withdrawal Fee | Free |
| Inactivity Fee | Not Mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Inefex Web Trader | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
Inefex charges no fees for deposits and withdrawals. But it requires a minimum deposit of €250 for individuals looking to open an account.
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