Austria FMA warns of SolidCapital and Finexics
Austria’s financial regulator Finanzmarktaufsicht (FMA) has issued a warning regarding two offshore FX and CFD brokers, SolidCapital and Finexics.
SolidCapital operates from website solidcapital.io, does not give a real company name or even an address or telephone contact number, just offering the download of a software program called AnyDesk.
Finexics at finexics.io claims to be run by a company called Slinqo Group LTD based in Nicosia, Cyprus, however we believe that the address they have given (and the company name) are fake. Similar to SolidCapital, no contact telephone number is given and no other company information, usually surefire signs of a scam.
The FMA also noted that both SolidCapital and Finexics are not entitled to carry out transactions in Austria that require a license. Apparently the companies have been targeting retail traders in German speaking countries, including Austria.