Thinking of getting into business with Conius FX? Here is what you must know about this broker. Carefully read this review to find out if coniusfx.com is the trading platform you will want to trade with.
Table of Contents
About Conius FX Broker
Conius FX is an offshore brokerage company with a lot of promises for traders. The broker says it is located in the UK.
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The broker claims to offer 24/7 traders support, technical chart and analysis, verified security and trading academy.
The different account types Conius FX offers. See below.
In spite the trading instruments Conius FX claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
coniusfx.com: Reasons to Avoid This Broker
coniusfx.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as Financial Conduct Authority, UK does not recognizes this broker.
Another red flag we noticed on coniusfx.com is that it has no demo account for traders. Since traders can’t test Conius FX broker on a free account, we can’t know its viability in the forex market.
Again, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.
This are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Conius FX provides no information for forex traders on its withdrawal and fee.
Minimum Deposit
Conius FX minimum deposit is presented $1,000 on the account type.
As for the payment methods, we can make payment via Debit/ Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!
Conius FX Platform
Conius FX offers web based trading software and also recommends MT4.
As for the leverage, it can increase to 1:400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Conius FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under UK financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is coniusfx.com a Reliable Broker?
coniusfx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
