The cryptocurrency exchange claims that its priorities are user trust and service availability, which is why more than 145,000 customers in more than 100 countries interact with the project. In addition, there are allegedly 1,800 employees working on this platform. However, there is no confirmation of these claims.
Can you trust your money with this company? In our Fenovax review, we will explore this service and tell you how much “faster, stronger, better than the average cryptocurrency exchange” it is.
How to Trade
The platform provides spot and margin trading in a single interface. The crypto exchange promises customers maximum profits and fast transactions. Main services:
- Exchange, storage, and trading all major types of cryptocurrencies.
- Futures with leverage up to 1:100.
- P2P-exchange and Affiliate Program.
The commission for a taker position is 0.1%. The company offers a Premium account with a minimum deposit of 0.01 BTC and a commission of 2.5%. The service promises deep liquidity – you can trade with an initial balance of 100K virtual dollars.
The contact information presented on the website is minimal. We struggled to find only an email address in the “legal department” section.
Fenovax Vital Info
No information is available about the platform’s founders and team, as well as its launch date. It’s no secret that new cryptocurrency projects with anonymous management don’t live long – more than 90% of them close in the first year. We wonder how long this crypto exchange has been operating? Based on the domain’s launch date, we determined that it only started operating in December 2024. So the number of over 145,000 clients is clearly greatly exaggerated!
Is the company running the site registered? We found information about it in XV. p.2 of Terms of use, which says that Fenovax “is not licensed or registered by any authority or regulatory agency”. Meanwhile, the owners of the resource claim to have 1800 employees and offer users to exchange cryptocurrencies. Please note that this requires at least registration of the legal entity and a license for financial activities.
Don't mess with these scammers. They blocked 17,000 dollars worth of Bitcoins from me. This is a scam. It seems to me that there is no technical support here. Because I can’t explain the lack of responses to my letters otherwise.
I have been using the exchange for about a week. Everything was good: deposit and withdrawal of money, rare trading. I was actively trading through api keys last time. However, I woke up yesterday morning to find that my $9,500 account was down to almost $2,720. It turned out that someone in my account had made 221 transactions with different cryptocurrencies last night, between 2 and 4 o'clock, first there were sales to a merchant via P2P, and then immediately purchases from some merchant. I contacted Fenovax support for clarification. Who committed the offense, how did it happen and from which ip address? Which users were involved in the bids and offers? I got the answer: “There was no disruption on the exchange and we do not provide such information”. That's it. In response to my further attempts to find out something, Fenovax employees sent me a list of transactions by email, which were already in the account history, but they still did not answer the question of who made them and how? Then they started giving standard responses and then they didn't respond at all for 3 days. I couldn't figure out what had happened. Finally, Fenovax support wrote one IP address they were trading from. It was the IP address of my trading bot. However, the bot did not make these transactions, no transactions are in my account. It is not clear to me who made these transactions. The exchange puts the blame on my trading bot, although I have provided them with all the scans, proving that this is not the case. This either shows that Fenovax does not care about its clients at all and their losses are not investigated (if a third party did it, let's say an intruder stole the key, but the exchange categorically rejected this option), or the possible involvement of fenovax.com employees in the theft of my funds. Unfortunately, I had to stop trading with robots on this exchange because of this incident.
If you're not tired of watching scam companies multiply and defraud thousands of people, with complete impunity, then there is a new project for you called FENOVAX, which has come up with absolutely nothing new. This is a fresh scam, so, most likely, the scammers have not yet managed to fool so many people, as on their previous “projects”: velunor.com, Bitxspark.com, Tokenely.com, Nevofex.com. I know these FENOVAX scammers have a collection of website designs and video templates. They change their website a little bit and add new details, sometimes they replace all or a few letters in the brand name, promise customers free gifts on behalf of celebrities. However, I see the basic psychological tricks from FENOVAX, their format and consistency remain the same. I hope you read my comment before you send money to these scoundrels from on fenovax.com. Can you see that there are no great achievements on this platform? As always, this site is filled with empty words, nothing more. FENOVAX has no credentials, the site is fresh, the tools are few, there is no access to fiat, and the selection of cryptocurrencies is very meager. Even if I knew it was an honest exchange, I still wouldn't do business with it because this platform is pathetic and I don't recommend you to work here.
If I had found out about this exchange earlier, I would have started cooperation a long time ago. I was looking for a platform that could provide me with uninterrupted access to CFDs, and I found this project through a review by a reputable blogger on social media. I made the RIGHT CHOICE! The main advantage of fenovax for me is the lack of mandatory verification. Because not all traders will want to upload their documents to, for example, buy and withdraw cryptocurrency. I would like to note that orders are executed quickly on fenovax.com, although there are some pauses in charting. Meanwhile, minor glitches in the work of the platform can significantly damage your investment portfolio, as well as lead to significant disadvantages in practice. There is no passive income here, but you can make money in the affiliate program with fenovax, if of course you have time, I did - I made $500 in 10 minutes 🔥