Minexclever has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Minexclever. This company is a suspected boiler room, a form of online investment fraud. Minexclever has approached persons without being asked, to offer them investment proposals. A boiler ro... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.minexclever.com.
I signed up with Minexclever from a blog post comparing services and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Fast support response|Transparent fees|Good mobile app
Cons: Limited cryptocurrency options
After spending since I retired last year trying to make Minexclever work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Portfolio tracking tools|Demo account available
Cons: Slow to add new assets
KYC with Minexclever is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Segregated accounts|Dividend tracking|Two-factor authentication
Cons: Wait times can be long during peak hours|Onboarding videos are outdated
My card was charged twice by Minexclever on the same day. I had to dispute it with my bank. Minexclever then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Clear documentation|Fast deposits|Dividend tracking|API access
Cons: Currency conversion fee exists
Minexclever has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Quick verification|Multiple order types
Cons: Charting tools need more indicators|No dark mode on mobile
I experienced a security concern with my Minexclever account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Easy withdrawals|No hidden fees|Multiple order types|Automated trading options
Cons: Charting tools need more indicators
I gave Minexclever a fair chance. After for a few weeks now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: No hidden fees|Detailed reporting|Portfolio tracking tools|Tax reports included
Cons: Minimum deposit could be lower|Account statements could be more detailed
If you are reading this considering Minexclever - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Tax reports included|Dedicated account manager
Cons: No phone support on weekends
What really bothers me about Minexclever is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Regular platform improvements|Professional team
Cons: No fractional shares|Could offer more webinars
I was about to invest with Minexclever but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. The Dutch Authority for the Financial Markets has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly