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EARNEX -

Score

1.46 /10
Danger

EARNEX

United Arab Emirates

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.earnex.org

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Score

Regulatory Index0.00

Business Index6.63

Risk Management Index0.00

Software Index4.00

License Index0.00

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VPS Standard
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Warning: Low score, please stay away! 2
Previous Detection : 2025-02-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 616985) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

EARNEX · Company summary

Note: EARNEX's official website: https://www.earnex.org is currently inaccessible normally.

EARNEXReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationSuspicious clone
Market InstrumentsCFDs, Futures and Options
Demo Account✅
Leverage/
Spread/
Trading PlatformZirux
Min Deposit/

EARNEX Information

EARNEX, incorporated in the UK in 2021, is a company that enables traders to trade CFDs and options futures. It provides 1 trading platform, 1 account type, and also supports demo trading accounts. At present, the regulatory status of this broker was determined by the FCA to be a suspected clone.

Pros and Cons

Pros Cons
Supports multiple CFDs tradingSuspected clone
Demo account is availableNo access to official website
There is too little public information

Is EARNEX Legit?

Regulated Country/Region
FCA
Regulated AuthorityFCA
Regulated EntityForeign Currency innovations Limited
License TypeStraight Through Processing(STP)
License Number616985
Current StatusSuspicious clone
Is EARNEX Legit?

What Can I Trade on EARNEX?

Local X offers CFDs for a variety of financial assets: Forex (primary, secondary and exotic currency pairs), stocks, indices, oil, bonds, gold and silver, as well as cryptocurrencies. In addition, Local X offers futures and options contracts across a variety of asset classes, such as Forex, metals, commodities, equities and options.

Tradable Instruments Supported
CFDs✔
Futures and Options Contracts✔
Bonds❌
ETF❌

Account Types

Earnex provides one type of account, Earnex ManagedAccounts. But there are no further details were available about the account.

Trading Platform

The trading platform offered by the broker is Zirux, which can be used on mobile.

Trading PlatformSupported Available Devices Suitable for
Zirux✔MobileAll traders
MT4❌
MT5❌

Deposit and Withdrawal

Local X offers payment methods such as Mastercard, Visa and Paypal.

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FX1421001220
more than one year
SCAM! STAY AWAY! Feeling totally frustrated and disappointed that EARNEX's website is no longer accessible. I'm sure this company is a scam. It's a shame that I have lost money in the account, but I hope that others can learn from my experience and be cautious when dealing with online forex trading companies.
SCAM! STAY AWAY! Feeling totally frustrated and disappointed that EARNEX's website is no longer accessible. I'm sure this company is a scam. It's a shame that I have lost money in the account, but I hope that others can learn from my experience and be cautious when dealing with online forex trading companies.
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2023-04-03 16:33
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