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 resource owners boast the support of “prominent investors from Wall Street, Silicon Valley and London”. 

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.

FAQ

What are the key facts about Fenovax?

According to the site's information, this platform provides services in more than 100 countries. However, the cryptocurrency exchange is not officially registered and is not regulated by any financial authorities. Judging by the fresh domain date, the project has been operating for less than one month at the time of our research.

What's the risk to my wallet when working with this exchange?

Most likely, your work on this unregulated platform will result in a total loss of funds. You may expose yourself to risks such as account blocking or hacking, or the exchange refusing to refund your funds. Keep in mind that you won't be able to take advantage of chargebacks for cryptocurrency transactions.

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