RoxoFX Review 2024 | Information about RoxoFX Forex Broker

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RoxoFX

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Operating status: SCAM

Website: https://www.roxofx.com

Broker violations and abnormal records

2024-10-13 The FCA issues a warning about RoxoFX
On October 14, 2024, the Financial Conduct Authority (FCA) issued a warning against RoxoFX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/roxofx-https-wwwroxofxcom

On October 14, 2024, the Financial Conduct Authority (FCA) issued a warning against RoxoFX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/roxofx-https-wwwroxofxcom
2024-10-14 BrokersView has reviewed that RoxoFX is an unregulated broker
According to its website, it is located in the Switzerland. Upon investigation, no matching information was found in the Swiss Financial Market Supervisory Authority (Swiss FINMA).
What's more, the Financial Conduct Authority (FCA) issued a warning against RoxoFX, believing this company might be providing financial services or products without proper authorization in the UK.
In essence, RoxoFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
RoxoFX appears to be a scam.

According to its website, it is located in the Switzerland. Upon investigation, no matching information was found in the Swiss Financial Market Supervisory Authority (Swiss FINMA).What's more, the Financial Conduct Authority (FCA) issued a warning against RoxoFX, believing this company might be providing financial services or products without proper authorization in the UK.In essence, RoxoFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.RoxoFX appears to be a scam.

Related Complaints

Q&A

Is RoxoFX credible?

Jerrod Hayes

France

2024-10-17

ANSWER Dear Investor,Thank you for reaching out. We researched the website and believe RoxoFX is a scam.We haven't found any valid licensing information on the site to substantiate the company's legitimacy. While RoxoFX claims to be based in Switzerland, there are no indications that it is registered with the Swiss Financial Market Supervisory Authority (FINMA).In addition, the Financial Conduct Authority (FCA) has issued a warning about RoxoFX, alerting investors to the unauthorized firm.Therefore, we strongly suggest you avoid using RoxoFX to protect your funds. It is imperative to verify a broker's legitimacy first.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.