ETFX Review

Beware, ETFX is an unregulated broker. It is not safe for trading. Scams Online Team wants to warn traders about potential ETFX scams. Read a complete ETFX review to find out more about this broker.

Broker Website –

Address – 12th and 1st Floors of Room 12 and 1st floor of Kingsgate House, Mahe Island, Seychelles

Warned By – Financial Services Authority (Seychelles)

Domain Age

Date RegisteredJuly 11, 2022
Domain Age5 months, 26 days, 23 hours, 22 minutes, 51 seconds

Through ETFX Review we wish to alarm the traders about the possible issues related to this scam broker. Read the detailed ETFX review below and keep your hard-earned money safe from these types of scam brokers.

Is ETFX legit or a scam?

ETFX is certainly not a safe broker since it doesn’t hold a license from any genuine authority. It is suspected as a scam broker since it was not checked for its consistency before establishment and was never observed concerning its security.

Scams Online Scam Detector for ETFX broker

Scams Online analyzed the website of ETFX, and we found many possible scam features present on their website. There is no concrete proof that is regulated by any reputed regulatory body like FCA UK, ASIC Australia, CySec, Finma, Consob Italy, or any other.

Another major red flag is the absence of important information on their website. The absence of critical information required to know the identity of the broker on the website is an indication that the broker does not want to show those to the traders and thus a sign of a potential scam.

All the Attractive offers on the website are misleading, and they are meant only to commit scams by victimizing innocent traders who are entrapped by false promises.

ETFX Review: Withdrawal issues

A number of traders have reported withdrawal issues when withdrawing funds from an ETFX account. If you are already trading with ETFX, you should immediately withdraw your funds by submitting a withdrawal request. Your funds can not be safe with scam brokers like ETFX . They might have asked you to sign some agreement that authorizes them to do anything they want to do.

Negative ETFX Reviews

There are many negative ETFX reviews on popular online review websites like Forex Peace Army, Scams Online, and others. Scams Online have made extensive research work on ETFX reviews before concluding the fact that ETFX is a scam broker. There are hundreds of dissatisfied customers who have reported scams in review websites like Trustpilot and others. These ETFX reviews are from real people although the positive ratings might have been added by ETFX with the help of some fake reviews done through any automated network. Negative reviews are big Red flags and traders should avoid trading with brokers having negative reviews.

How does ETFX scam work?

Unregulated Scam brokers whether Forex scam broker, Crypto scam broker, or any other find it very easy to scam traders. There is no regulation from a controlling authority. Free Bonus offers, minimum initial deposit, and attractive returns which are far away from the normal are their tools. For example, you will be offered more than 100% profits in a month or something too good to be true. The team members will try everything to get an attractive deposit from innocent traders, and once the deposit is made, they can run away with it. ETFX exhibits these features as a sign of scams.

ETFX Review: Final Thoughts

On compilation of all the facts provided above, it can easily be concluded that the ETFX broker is a scam broker. Traders who have not invested in ETFX assets should be warned about the possible scams done by this broker thus asking them to keep their money safe. Instead, invest in some genuine and profitable assets from genuine brokers.

Scams Online has made fund recovery completely possible from scam brokers through a legal process that has helped victims of scam brokers in getting back millions of dollars from scams. They have fund recovery experts who are legal lawyers and experts and who have already won hundreds of scam recovery cases.

If you are a victim of an ETFX broker scam, you can get your funds back by reporting us. To file a complaint against ETFX, fill your information in the given form and we will review your case and examine the different choices to give a fund recovery solution. Our experts will also provide a free consultation. We want to make you believe that fund recovery from scammers is possible and can be done in the most genuine way. We have more than 10 years of expertise in fund recovery from scam brokers and frauds.

We hope this ETFX review helped you. Also, check our list of scam brokers 2023 and keep your funds safe from scammers.

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