In an alarming development, an individual has reported losing their entire life savings, including funds crucial for their son’s medication and medical bills, to a scam associated with inefex.com. The victim was persuaded to trade across various financial instruments, including cryptocurrencies, currencies, stocks, indices, and metals, under the promise of significant profits. However, these promises turned out to be deceptive.

Domain Analysis

The domain inefex.com, registered on January 20, 2020, and set to expire on January 20, 2026, is currently under the registrar NameCheap, Inc. The registration details are protected by a privacy service provided by “Withheld for Privacy ehf,” obscuring the registrant’s identity.

Traffic analysis reveals a notable decline in visitor engagement. Over the past month, the site experienced a significant drop of 55.78% in total visits, down to 223.4K. The bounce rate is 56.93%, with an average of 3.68 pages viewed per visit and a typical visit duration of approximately four and a half minutes. The website’s global rank plummeted from 103,047 to 196,836, indicating a sharp decline in popularity and user engagement.

Most of the site’s traffic comes from organic search (51.46%), followed by direct traffic (41.74%). This pattern highlights a reliance on search engine visibility to attract visitors. The top referring countries contributing to desktop traffic are Uruguay, Brazil, the Philippines, India, and Switzerland, with Uruguay alone accounting for 46.46% of the total traffic, a detail that could suggest targeted or regional marketing strategies.

Inefex.com Review

The website inefex.com, operated by Novir Markets Ltd, presents itself as a regulated and authorized investment firm under the Financial Services Commission of Mauritius (FSC) with license number GB21026833. The company is based at Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius. The contact details provided include a phone number (+23052971917), an email address (info@inefex.com), and a live chat option on their website.

Novir Markets Ltd, which also owns and operates the “Inefex” brand, claims a strong regulatory framework and compliance with high industry standards to ensure secure trading. They highlight using separate trust accounts with investment-grade banks and advanced security measures such as PCI scans and SSL certificates. The company also emphasizes its professional multilingual support team available 24/5.

Despite these reassurances, several red flags raise concerns about the legitimacy of inefex.com. Firstly, regional restrictions can indicate regulatory evasion, notably excluding services within the European Economic Area, the USA, British Columbia, Canada, and other regions. Additionally, the website’s heavy emphasis on high-leverage trading (up to 1:500) and significant risks associated with Contracts for Difference (CFDs) can be problematic, especially for inexperienced traders.

Moreover, the website offers multiple account types with varying minimum deposit requirements, ranging from €250 for a basic account to €250,000 for a VIP account. This tiered approach, coupled with the lack of transparency in changing minimum deposit amounts, can be a tactic to lure investors into committing larger sums of money.

Another critical aspect is the connection between Novir Markets Ltd and Value Bridge Single Member Investment Services S.A., a Greek company regulated by the Hellenic Capital Market Commission. The complex corporate structure and cross-jurisdictional regulatory claims often complicate accountability and oversight, increasing investors’ risk.

Inefex.com Reviews

A comprehensive analysis of user reviews on platforms like Trustpilot and WikiFX paints a troubling picture of inefex.com. The Trustpilot rating for Inefex stands at a low 2.5 out of 5, with an overwhelming 52% of reviews being one star. Many users report experiences indicative of a scam, highlighting issues like unauthorized control of trading platforms by dishonest management and significant financial losses. One user, MNN, claims to have lost all their savings due to malpractices and demands a refund, describing the management as dishonest. Another user, Ruggero Barone, labels the platform as a scam, detailing how their money was systematically stolen through misleading rules and hidden charges.

Further reviews expose a pattern of aggressive and manipulative behavior. Users report constant pressure to deposit more funds, with subsequent withdrawal requests either ignored or denied. For instance, Tushar Halder notes that their withdrawal request went unanswered for over ten days, contrary to the company’s stated five-day processing time. This theme of unresponsiveness is echoed by Valsaraj Mk, who found the site inaccessible, and Susan Mcdougall, who criticizes the company for prioritizing commission generation over client profits.

On WikiFX, Inefex scores a low 1.27 out of 10, with a warning that the broker is unregulated and poses a high potential risk. The reviews corroborate Trustpilot’s findings, with users describing experiences of funds being trapped, sudden losses after profitable trades, and evasive customer support. For example, a user named Edwin Komaroth details a fraudulent scheme involving creating multiple bank accounts and unauthorized transactions via virtual cards.

The Bottom Line Regarding inefex.com

After thorough analysis, it becomes evident that inefex.com exhibits numerous red flags that are characteristic of a scam. The platform’s aggressive solicitation tactics, consistent denial of withdrawal requests, and unresponsive customer support raise serious concerns. The lack of regulation and numerous negative user reviews further corroborate these doubts. Despite their claims of regulatory compliance and high industry standards, the overwhelming evidence suggests that inefex.com operates with deceitful practices to exploit unsuspecting investors.