Econex Finance Review: Econexfinance.com a non-profitable Venture

Econex Finance an investment platform that claims it has the potential of doubling investors’ funds. They also use a strategy that has low risks. Therefore, they promised nothing but high profits. The venture is dealing with cryptocurrency assets.

However, before you jump to the conclusion of granting this firm access to your money, we suggest you read this review. It is unbiased, and we have analyzed the services of the firm keenly. The firm has characteristics of a Ponzi scheme.

Econex Finance is a company that is new in the market. Hence, it does not have a trading history. The platform has not built a name for itself. Additionally, we can’t find their performance report. Legit investment firms publish their performance publicly so that anyone can view it.

They have nothing to hide, unlike the scammers. The platform urges traders to join them immediately to attain financial freedom. Unfortunately, you are not going to grow your portfolio with this venture. At the end of the day, the only thing that you will realize is massive losses.

The best thing to do is to venture with crypto trading bots with a license. The platforms are reputable and have been in operation for years. Third party also verifies the trading results. You have nothing to lose once you give them a chance.

Econexfinance.com Review

Econex Finance is a company that urges its existing customers to utilize the affiliate program. The venture is paying high bonuses once you refer a new client. The majority of scammers use the referral program to trap more victims.

The venture does not conduct trading activities. It is using the funds coming from their new clients to process the withdrawal requests. The entity is a nasty scheme that you should stay away from. The moment new people stop registering on their website will collapse.

Econex Finance displays statistics that show the firm attracts more customers. Unfortunately, the numbers do not add up. It takes time for a company to gain a reputation. Even the best crypto bots in the market started from somewhere.

A months-old broker can’t attain such figures. Moreover, there is no proof of payment from their existing customers. Hence, this makes it hard to believe their claims. The broker’s focus is to become the best in the industry.

They want to transform the lives of their clients. They also brag of realizing success in the forex trading market. Their profits are distributed daily. They promise nothing but the best quality services. Sadly, this is an infamous Ponzi scheme that you should not be easy to trust.

Withdrawal and Deposits

Econex Finance promises instant withdrawal of funds to investors. There is no limitation to expect from them. Unfortunately, we cannot verify the payment method that the company avails. The entity also claims it offers forex trading to investors.

However, the inactivity requirements are undisclosed. Therefore, we cannot tell the duration and the fees that apply. The leverage and spread to get from them are also unknown. We also do not know if the firm is charging withdrawal fees.

Econex Finance Investment Plans and Returns

Econex Finance has three investment plans. The company accepts a minimum amount of $50. They also offer a referral bonus of 7%. The firm assures traders of 1.5% daily ROI for 14 days. Now let analyze this plan.

It is absurd to generate such high profits within such a short timeframe. Moreover, the platform does not verify the mechanism that it is using. Whichever their technique is, it is unrealistic to earn such returns. Additionally, the firm does not mention if they have trading bots or an expert team.

Econex Finance’s second investment account is also ridiculous. There is nothing great that will ever come from this firm. Ponzi schemes understand the level of desperateness that investors have. Therefore, they promise high returns to their customers.

Once you join the entity, the results you will generate are completely different from the advertised ones. The venture will also not pay, and at any time, their website might collapse. Usually, the funds of investors end up being trapped in their system. Take the high payout as a red flag.

Econex Finance Contact Details

Econex Finance office address is at Wolfzangenstrasse, 42 Neftebach 8413, Switzerland. Sadly, this is a randomly generated address. The broker’s actual location is unknown. Investors can contact the firm via email.

The company does not have a telephone number. In this modern age, the fastest mean of communication is via call. The platform is dealing offering services that require them to be transparent. The customers also need assurance that their funds are handled as expected.

Therefore, a higher need to contact an investment firm arises. Additionally, if any unforeseen issue arises, they need to call customer support. Communication via email is not ideal for an investment firm.

Please stay away from Econex Finance as it does not intend to avail professional customer care. There are multiple investment firms in the industry that you can utilize. You will earn real-time returns without compromising yourself.

The venture does not have a client review. In the future, you might come across false testimonials from their shady marketers. Do not trust easily. There is no proof of payment which is enough evidence the firm is not paying.

Econex Finance Registration and Regulation

Econex Finance states that it is a registered entity. When it comes to the legitimacy of a platform, we check if they have a license. Unfortunately, this broker is operating without having a license. They do not adhere to the rules and regulations set by the governments.

The venture is murky, and it fails to safeguard investors’ funds in a separate account. The platform is operating as it, please. They can change their policy without letting traders know. Moreover, they can also exploit investors.

Econex Finance will not compensate investors once they exit the industry. You will be left high and dry regretting having trusted an offshore broker. The moment you deposit money, it will go directly into their pocket.

You won’t be able to issue a chargeback. The company will only make you poor. Furthermore, no corporate oversees its operation. The best thing is to find a licensed company. You will sleep soundly knowing that your money is secure.

The only thing that the firm displays are an SSL certificate which is not enough to prove your money is secure. Econex Finance is a shady broker that can even steal the data you share with them against you.

The Domain Insight

Econexfinance.com is a company that is anonymously registered. The registration of this firm took place in February 2021. The domain will expire in February 2022. They do not intend to be in the market for long. You should not take the red flag lightly. The traffic visiting the website is also low (3,080,761). The platform audience location is also unknown.

Final Verdict

Econex Finance is an illegitimate investment company. The venture claims it generates high profits for traders. However, there is no proof of payment, which makes their narrative not stand out. Moreover, the broker’s geographical location remains unknown.

Invest with legit crypto trading companies that provide top-notch services. These are multiple reviews from their existing customers. Therefore, you will sign up knowing what to expect. Additionally, you view the entity past trading history.