Is SeRex Investments a scam or legit broker?

No, it is not safe to trade with SeRex Investments. It is owned and operated by SRX Investment Limited, and claims to be located in London, UK.

The broker offers Forex trading and flexible and low cost of our Execution-Only service (Online Stocks & Shares, Stocks & Shares New ISA). According to the website, SRX INVESTMENTS LIMITED is registered in England and Wales under the number 11201243 with the Registered Office: 3 Holmfield Road, Fulwood, Preston, PR2 8EN  United Kingdom. Authorised and regulated by the Financial Conduct Authority, Firm No. 466868. A Member of the London Stock Exchange.

We have checked the above information provided on the firm’s website and haven’t found any records of SeRex Investments in the FCA register. Moreover, according to the FCA’s recent statement, the broker was not just providing misleading regulation information, but it was also using the details of the FCA-licensed company.

In its notice, the UK regulator states that “clone firms” – fraudsters usually use this tactic when contacting people out of the blue, so clients should be especially wary if they have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) the regulator has given the authorised firm or other details.

We advise all investors and traders to avoid SeRex Investments and other unregulated brokers. The lack of information about the broker’s regulation, 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 eToro and XM.com.

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