The platform is managed by Capital Minds Financial Services Ltd., which claims the importance of providing users with “transparent conditions and clear rules” for trading. Meanwhile, the project’s founders are silent about the location of the head office, the firm’s registration number, and whether it has a license for private financial activity.
Is it safe for you to trade on this platform? Our Efixxen review will lift the lid on the broker’s legitimacy and show you whether it operates according to the fair practices it claims in its presentation.
How to Trade
The creators of the project emphasize the attention of clients to the proprietary trading platform. Customers can diversify their investment portfolio with more than 500 assets. Registered users will get the following opportunities:
- 6 types of trading plans.
- 6 asset classes, including stocks and digital currencies.
- Spreads from 0.0 pips, minimum order 0.01.
- One-click trading feature.
You can make payments via cryptocurrency, Visa/MasterCard, and bank transfer. The fees and commissions are not specified, plus they can be changed at any time.
In addition, the broker conducts webinars with experts and provides quotes for 6 assets online. The news section and 4 social media symbols on the site are not active.
Efixxen Vital Info
There is no information about the history of the project and its team on the site. As for the launch date, 2023 is indicated in the footer of the main page and in internal documents. It is worth noting that this coincides with the domain registration date, which was created in May 2023. Why does the brokerage organization hide important facts, causing serious doubts about the safety of cooperation with it?
Is it possible that everything is not so rosy with the registration of a company? We checked Capital Minds Financial Services Ltd. in the global register of legal entities and did not find such a brand in any country. Clearly, it’s not worth seeking a license. Finally, the Complaints and Disputes Policy states that the company solely considers all customer complaints and imposes fines on users if they criticize the broker.
today I found that the platform is preventing me from opening trades. I found a message in the log - no trading allowed. I logged in and saw the message - "services are no longer available for your country, please close your transactions and withdraw funds." Why were there no notifications by mail, sms, no phone calls? I rarely log in to efixxen cabinet, once every few months, so I didn't see this message. I can't close trades now, although I opened the last trade last week, but I can't withdraw funds, about $7k. I've written to support, waiting for a reply.
I will just express my opinion: according to the stated conditions, a set of tools and some reviews - like efixxen is not a bad company, BUT - on the site, I did not find any license, no regulatory body, no warranty obligations, and to ask the support if there are any, I do not see the point ...
I am disappointed, the profit opportunities through this firm have proven to be illusory. Fraud is practiced here and clients should not rely on significant earnings. I have experienced this first hand. Cooperating with fraudsters resulted in serious losses: my family budget suffered more than $16,700. EFIXXEN employees lured me out of my money with empty promises! In the beginning, when I had a minimal amount of money in my account and trades brought only small earnings, they paid me profits. At the same time, they persuasively insisted on increasing my deposit. As soon as I agreed, these crooks instantly brought me to financial disaster. The trading terminal turned out to be fake, it often froze, and in the end it always led to failures.
I don't understand why the intermediary didn't have the necessary licenses in the time it's been in business??! Has it not had enough time to regulate this? Perhaps the broker sends the necessary documents upon request? I was very interested in Efixxen's favorable offers, so I sent some questions to tech support and they promised to inform me of all the information within 30 days, but I am not ready to wait that long for an answer and I hope everything is ok with the documents!
I think that Efixxen is a decent broker, but you need to adapt to the terminal. Yes, the minimum entry threshold is large, but this is compensated immediately when trading with narrow spreads. If a trader loses his funds due to the instability of the platform (freezes, glitches), the spreads will compensate for all losses. Completely! I trade currency pairs, and I would like to note that the charts are not fake (managers do not draw anything themselves). Efixxen.com is the best option for professionals. I earn at least 800 euros a month. The delay in withdrawing money is no more than four days.
Hi! I registered on efixxen.com yesterday, sent my verification documents and got no response. The regulations are overdue - it's been over 24 hours. The staff is not responding to every possible form of communication. I don't even know if it's worth contacting this broker at all!
I always carefully calculate risks, but with efixxen.com it is impossible :( Due to their inefficiency I lost 30% of my portfolio. They promised transparent terms and actually provided poor service.
I am new to trading and I am just learning how to make money on Forex, but thanks to Efixxen I have already managed to increase my investment a little bit. I really like the fact that the 0.01 order allows me to trade with small amounts, and the minimum account balance does not require replenishment and I can withdraw profits with a small deposit. There are a lot of options for withdrawal, so everyone can choose a convenient for themselves - withdrawal is almost instantaneous to various crypto wallets, but when I tried to withdraw to a card, I received the money only after 3 days. The work office here is very convenient, nothing superfluous. I can work comfortably, I don’t have any significant complaints yet, and what will happen next is unknown.
SCAM!!! These critters scammed me on palladium trades and then locked my account without warning. I sought legal help and they said it is impossible to get back even a fraction of the $16,000 I invested in this scam!!
I decided that I will delay cooperation for the time being. I want to be fully convinced of the reliability of EFIXXEN. The company has interesting offers with zero spreads, but no license, which increases my doubts. If the broker cheats you, where will you turn for help!!?
This is not the first time I have encountered these scammers, they decided to change the name of their brand. These crooks worked with Capital Minds Financial Services Ltd. which was registered in St. Lucia two years ago, and now this firm is not in that registry of legal entities. Back then, my cooperation cost me over $3,000 with these thieves. Back then I was naive and believed in the easy money they promised and fell for their tricks. I see that today the scam artists are back to their old ways again.
This broker is a scam. I transferred money from my bank card and now I can't withdraw back to this card because efixxen has blocked this option for Pakistani users. I can't withdraw my 12,358 dollars to my cryptocurrency wallet because the managers refuse me, they refer to the regulation that I must first withdraw the amount I transferred here from the card to my bank card. It's a vicious circle. Do not transfer money here.
My account was blocked with 1,300 euros, managers do not allow to withdraw funds, and support does not answer :( I am offended, although the amount is not very large.
I applied for a withdrawal of £7.8k and the verification of documents has been going on for three days! Managers promised me that verification would take up to 24 hours... I can't get anything clear from tech support...
I believed in Efixxen's promises and deposited 4 thousand euros in my portfolio and that was the worst mistake I made! When I decided to take all my money, incredible delays and managers inventing all sorts of 'commissions and taxes' started. This is not a broker, these are financial vampires!
I am sure that this author's terminal is a fake. No one is putting trades into the market. Efixxen play out the show of successful trading until you put money to withdraw. Managers constantly persuade you to deposit additional amounts to increase turnover. I stopped believing them and when the scammers realized that I was not going to pay anymore, they immediately helped me lose 3,240 dollars... They are despicable scammers! I will write about them wherever I can leave reviews, on all the thematic sites I can find!!! Let people know that this is a SCAM and do not believe in stories about "transparent broker services".
I registered a profile over a year ago and I love working with Efixxen - and so far it's going great. I work with cryptocurrency and I don't see anything out of the ordinary to worry about, the platform works well. Spreads here are quite narrow, I checked the quotes - and everything corresponds to the market. I chose the Advanced account - execution is almost instantaneous, and there were rarely any problems. I won't say anything about the support, I haven't had to ask for help for many months. Withdrawal of funds is made only in the same way they were deposited, but this is a common practice. The only disadvantage is the lack of licenses, which reduces trust in the broker, although many cryptocurrency services operate without regulators.