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SINOXFX

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Operating status: SCAM

Website: https://www.sinoxfx.com/

Broker violations and abnormal records
  • 2022-06-12 Brokersview has Reviewed that SINOXFX is an Unregulated Forex Broker

    SINOXFX claims it is a pioneering fintech startup and a world-class provider of online trading with six years of experience. However, when we checked its domain, we found it was created in 2021. So where are its six years of experience from? It is a red flag here.

    Besides, SINOXFX claims to be registered in Companies House of the United Kingdom (CH). We do find a match result to SINOXFX in CH, but please be informed that CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.

    As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to SINOXFX in FCA. That means SINOXFX is not an approved broker that offers financial services in the UK.

    What's more, SINOXFX shows another registered address is in the United Arab Emirates (U.A.E). But there are no matching results to SINOXFX in the Central Bank of the United Arab Emirates (CBUAE). That means SINOXFX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    SINOXFX claims it is a pioneering fintech startup and a world-class provider of online trading with six years of experience. However, when we checked its domain, we found it was created in 2021. So where are its six years of experience from? It is a red flag here.Besides, SINOXFX claims to be registered in Companies House of the United Kingdom (CH). We do find a match result to SINOXFX in CH, but please be informed that CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to SINOXFX in FCA. That means SINOXFX is not an approved broker that offers financial services in the UK.What's more, SINOXFX shows another registered address is in the United Arab Emirates (U.A.E). But there are no matching results to SINOXFX in the Central Bank of the United Arab Emirates (CBUAE). That means SINOXFX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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15 comments

Adarsh Verma
Good service provider
2022-11-11
Reply
Neetu Singh
Good services
2022-11-11
Reply
Subansum Patel
Nice company sinoxfx. Com
2022-11-11
Reply
poonam kureel
I easily withdraw my amount...in 1 hours
2022-11-11
Reply
Sachin Verma
Good service sinoxfx.com
2022-11-11
Reply
Shafqat Khan
good broker
2022-10-20
Reply
Neeraj Kumar
Good service for deposit and withdrawal
2022-10-15
1
Reply
Neeraj Kumar
Good Broker
2022-10-15
1
Reply
Nistha Verma
Good broker and 24/7 team support then withdrawal service very fast
2022-10-15
1
Reply
Mohd Asad
Good broker withdraw service is good.
2022-10-14
1
Reply

1-10 of 15 comments

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