As can be seen, the Trenixo trading brand is operated by Inition Solutions LLC. This firm was incorporated in Saint Vincent and the Grenadines in 2023 but hasn’t gained much credibility so far.
There are some things in the trading world that can’t be faked. Still, brokers like this one are constantly trying to do so. To find out what traps you should avoid with offshore brokers, read this Trenixo review until the end.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Trenixo.com (inactive); wimix.net (active) |
| Have Warnings from: | CNMV, FSMA, AFM, IOSCO, CONSOB, Finanstilsynet, A-TVP, FSC |
| Registered in: | Saint Vincent and the Grenadines |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares |
| Free Demo Account: | Available |
| How to Withdraw from This Company? | After numerous warnings, the company just decided to change its domain. Very soon it’s expected they change the whole trading brand. Obviously, intentions to provide traders with withdrawals don’t exist. Don’t wait before it’s too late. Get in touch with our refund team and start the chargeback process today! |
Legal info: Is Trenixo Legit or a Scam?
The problem with brokers in SVG is that they can’t obtain domestic licenses. FSA decided not to provide Forex brokers with licenses, considering too many scams were happening there. To be clear, scams are still there, just without the authorization. In any case, trading firms should get licenses from authorities in countries where they provide services.
But with Trenixo broker, that’s not the case. Certainly, they didn’t opt for any of the top-tier licenses like FCA, BaFin, or ASIC. Lack of licenses allows companies to mislead traders, resulting in numerous warnings. This firm was primarily exposed by Spanish CNMV. All the others were following their steps, starting with A-TVP, FSMA, IOSCO, CONSOB, AFM, Finanstilsynet and FSC.
Who are Trenixo’s Victims?
Wherever you come from in Europe, there are strict laws brokers should comply with. Primarily ESMA regulations and a MiFID II directive. On top of that, there are domestic regulations in every country. Sadly, this firm didn’t follow any of these guidelines, and traders who suffered from it mainly came from:
- Spain
- Czechia
- Finland
- Denmark
- United Kingdom
If you are one of those as well, feel free to contact our refund team for advice on getting the funds back. Also, we invite you to share your experience in the comments below since the company has zero reviews.
Leverage, Commissions, Spreads, Fees and Taxes
Important to realize is that the Trenixo Forex trading firm has quite unclear trading conditions. Primarily fees and commissions. With this in mind, traders can’t expect anything more than manipulations. At least we know potential spreads at some point. In general, before you reach a VIP account, you can expect unknown variable floating spreads.
In any case, the only thing traders should keep in mind is the leverage. If it’s any higher than 1:30, you know there’s something wrong with the company. For that reason, this firm is hiding it.
Bonuses
Even though the Trenixo website is inactive, the new one reveals all the company’s intentions. Indeed, there might be bonus offers included in the services.
However, the conditions for withdrawing those are unknown. To learn how to escape trading traps, check our Saturn4u review as well.
Trenixo Trading Features
Even though the company presents its software as a top-notch solution, believe it’s not. In reality, the company’s features come in the basic bundle of any best-ranked trading platform like Meta Trader.
Trading Platforms Available
Instead of trusted third-party options, the company offers us only a web-based platform. Generally, they present it as an advantage because traders don’t have to download anything.
However, it comes with certain flaws as well. Such platforms, if not third-party, can be easily manipulated. After all, that’s how traders easily believe these swindlers are making profits. It’s all fake.
Available Trading Assets
Tradeable assets with scam brokers don’t mean anything. Whatever you invest in hypothetically, all the money stays in the same pockets. Anyway, the company’s offer consists of:
- Forex – AUD/EUR, USD/JPY
- CFDs – gold, natural gas
- Cryptos – ETH, DOT
Account Types
Pretty much all the account types with this broker include the same offers. Yet, the minimum deposit requirements for any of those are not disclosed. The only benefits traders get if they deposit more money are advanced support, trading ideas, and trading solutions. Nothing relevant, to be fair.
Anyway, the options are:
- Active Retail Traders
- Professional traders
- VIP
- Corporate
Mobile Trading App
One of the key things traders should look for a trusted mobile apps. In this case, there are none. That’s a clear sign of potential issues in the future especially when it comes to the end of Trenixo withdrawal processing.
Demo Account
The company claims to offer a demo account. They also claim to be trusted and reliable, but there are numerous warnings against them. In any case, their demo account could be a trick to get clients’ contact details instead of providing them with actual service.
Education
Another big disadvantage of the Trenixo platform is a lack of useful educational programs. Their so-called “Trading school” provides only basic information about trading terms. But if you are searching for webinars or 1-on-1 sessions, you’ll have to look elsewhere. Just make sure it’s not Ande Finance because they operate the same.
Trenixo Withdrawal
With unclear withdrawal procedures, it’s highly expected traders can expect problems there. One funny detail is that the company can charge traders any fees if traders request withdrawals without performing any trades. That’s nonsense.
In any case, the key problems are always related to final withdrawals. Since processing time and fees are not disclosed, we can only expect delays, frozen accounts, etc.
Customer Support
In general, the company offers only one communication channel—e-mail. The working hours of the support are not disclosed.
However, once you complete the Trenixo login procedure, you might get additional contact options—not reliable ones, for sure. In most cases, those are encrypted services like Telegram or WhatsApp.
Key Information To Consider About Trenixo
As can be seen, reporting the Trenixo scam broker to authorities can work. But they will come back with a different domain and trading name. That’s why it’s important to recognize scams on time. If you somehow fall for another trick, our refund experts are available for assistance.
You can start your refund process already today. Even if you were sending cryptos. Don’t hesitate to reach out to us because the first consultation is completely free.
FAQ Section
What is Trenixo?
Trenixo is an offshore trading company that is currently trying to switch to the wimix.net platform due to numerous warnings from regulators against the original brand.
Is Trenixo Broker Legit?
Certainly not. The company doesn’t operate with the required licenses and on top of that, numerous regulators issued warnings against them.
How to Withdraw Money From My Trenixo Account?
Practically, it’s impossible to do it in a regular way. Instead, we suggest you talk to our refund specialists for refund options and avoid any stress.
Source:
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