Finacix is an online trading platform that has recently raised red flags due to warnings issued by reputable financial regulators. The Federal Financial Supervisory Authority (BaFin) warned consumers about services offered on the website finacix.com. BaFin highlighted that Finacix is not authorized and suspected that it is a case of identity theft. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_23_finacix_com_en.html
The Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about the website finacix.com, which is offering unauthorized financial and investment services. The site presents conflicting information about its operator, listing both Finance and Investment Solutions Ltd. and Finacix Ltd. as responsible entities. While Finance and Investment Solutions Ltd. claims to be registered with the British Financial Conduct Authority (FCA), BaFin suspects this may be a case of identity theft. Additionally, Finacix Ltd. purports to be registered with the non-existent “Securities Commission of the United Kingdom (SCUK),” further raising concerns.
In essence, Finacix is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds.
Finacix appears to be a scam.