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Finex - Beware

  • #1
  • First Post: Sep 27, 2007 9:40am Sep 27, 2007 9:40am
Got this in my email today. Glad i closed my ac with them.



Finex Group GmbH is currently under audit of the Swiss Federal Banking Commission. The reason for this audit is to determine if Finex Group GmbH is required to have a bank license to offer forex trading in Switzerland . So at this time, please do NOT send any funds until we get the results of the SFBC. Regarding withdraws requests, we are told by the lawyers appointed by the SFBC that we can’t process them until conclusion of this audit and we don’t have a timeframe when this will happen as of today. We are in process of setting up another Finex Group company in another country that will take over the Finex’ FX business in Switzerland incase their final decision is that Finex Group is required to have a bank license to operate forex in Switzerland which at this time seems to be what that conclusion will be. There is no reason to be alarmed and we will either continue in Switzerland or move to another country. Trading is still available and if you have any further questions please let us know by sending an email to [email protected] We will keep you informed of any updates.

Best Regards,
Forex rules
  • #2
  • Sep 27, 2007 4:59pm Sep 27, 2007 4:59pm
Quoting dsb104
Got this in my email today. Glad i closed my ac with them.



Finex Group GmbH is currently under audit of the Swiss Federal Banking Commission. The reason for this audit is to determine if Finex Group GmbH is required to have a bank license to offer forex trading in Switzerland . So at this time, please do NOT send any funds until we get the results of the SFBC. Regarding withdraws requests, we are told by the lawyers appointed by the SFBC that we can’t process them until conclusion of this audit and we don’t have a timeframe when this will happen as of today. We are in process of setting up another Finex Group company in another country that will take over the Finex’ FX business in Switzerland incase their final decision is that Finex Group is required to have a bank license to operate forex in Switzerland which at this time seems to be what that conclusion will be. There is no reason to be alarmed and we will either continue in Switzerland or move to another country. Trading is still available and if you have any further questions please let us know by sending an email to [email protected] We will keep you informed of any updates.

Best Regards,

lmao, they want to move to a unregulated country, and have the nerves to tell you that, like saying don't worry where moving to a country where there goverment won't ask us to see our books, what they trying to hide.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Sep 27, 2007 8:46pm Sep 27, 2007 8:46pm
stay away from swisserland unless u know what u are doing they are to old fashion .

revoke
  • #4
  • Oct 10, 2007 6:46am Oct 10, 2007 6:46am
Finex was required to become a bank in Switzerland and this is why Swiss regulators have taken over Finex during their audit.

The owners of Finex have agreed to the buy out of Finex by a European bank. This is what the Swiss authority and Finex have agreed to do so that clients don't lose money.

These are the facts and not an opinion as stated by other posters.
  • #5
  • Last Post: Oct 10, 2007 7:10am Oct 10, 2007 7:10am
DrFrankM: are you privvy to the situation and the persons involved? Where are your facts from?

Everything Mr. Ryan Nettles and his fellow con-artists touch seems to result in clients loosing money. I predicted some months ago on this forum Finex will be the next. Its an easy thing to do with a simple google search on the persons involved with neuimex and tradex.
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