CNX Markets

Our investigation into CNX Markets found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.

Who is CNX Markets?

CNX Markets markets itself as an online trading and investment service. Its public site is presented at https://cnxmarkets.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is CNX Markets regulated?

CNX Markets provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Opaque or anonymous corporate ownership
• Unrealistic profit claims and pressure to deposit more
• No credible physical address or verifiable corporate record
• Offshore or shell-company registration used to avoid oversight
• No verifiable licence from a recognised financial regulator

Our analysis

On 26 October 2023, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that CNX Markets was providing financial services or products without authorisation. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=958aa91a-3a8a-42b9-b008-1bc765c5cfb7

Can you recover money lost to CNX Markets?

If you have deposited with CNX Markets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.