BrokersView has found that Earnex appears to be a scam Earnex only claims to be registered in Saint Vincent and the Grenadines on its website. While we can find a matching company in the Financial Services Authority (FSA) registry of Saint Vincent and the Grenadines, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. Furthermore, Earnex is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, Earnex appears to be a scam.

How do you trade with Earnex? Dear Investor, The platform you inquired about, Earnex, is not a safe and reliable trading platform. As a trading platform, it lacks verifiable regulatory and licensing information, merely claiming that Earnex LLC is registered in St. Vincent and the Grenadines. Although we did find the company Earnex LLC in the system of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this only represents an International Business Company (IBC) registration and does not mean it holds a brokerage license. The SVG FSA has officially announced that it does not regulate the forex market and cannot issue licenses for such activities. Therefore, we strongly advise you to avoid trading with such unlicensed brokers to protect your financial interests. View Source