Efexa1000 Review

Is Efexa1000 Scam or Legit Broker?

It is not safe to trade with Efexa1000, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Efexa1000?

Efexa1000 is a Forex brokerage owned and operated by EFEXA 1000 Ltd., with headquarters in Saint Vincent and the Grenadines. The company claims to have an IT department and back office located in London, the UK, although Efexa 1000 is not regulated to provide its services in the UK. In fact, the company is not regulated in any other country.

• There is also a discrepancy in the regulation info as the website states that EFEXA1000 Ltd. is a part of group Instant Trading EU Ltd. regulated and licensed by CYSEC under 266/15 Company, but it is actually a false statement as the EFEXA 1000 Ltd. got blacklisted by CySec because of providing this kind of information:
  "The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors about the following regarding "Efexa1000 Ltd" (the "Company"): 1. The Company, through the website efexa1000.com, claims to be part of the Instant Trading EU Ltd (the "CIF") group, which is licensed (License No. 266/15) and regulated by CySEC, while it has no relationship with the CIF. 2. The Company does not hold a license from CySEC for the provision of investment services and/or investment activities, as provided for in Article 5 of Law 87 (I) / 2017."

Efexa1000 Review Conclusion

We advise all investors and traders to avoid Efexa1000 and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and HFM.

Efexa1000 Update

Based on our research, the Efexa1000 website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.