简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:A good rule of thumb is to carefully review all the forex companies for that matter before you start any transaction.
SINOXFX has got many negative reviews and investors who traded with this broker have raised many complaints against it.
Claims to start its business from 2016
SINOXFX introduces that it is a world-class provider of online trading for multi-asset financial products with experience of over 6 years in Stocks/forex/ETFs /Commodities/CFDs. Also its homepage claims “Copyright © 2016.SinoxFx”.
However, when we checked its domain name(https://www.sinoxfx.com/), we found it was created in 2021.
So where is its six years of experience from? It is a red flag here.
Only a registered firm, not overseen by any regulators
This company does not appear to be regulated by any government authority.
The company claims to be registered in the UK. We do find a result for SINOXFX in Companies House of the United Kingdom, which is just a registrar of companies and has no legit rights to regulate any forex activities. As per the British law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the FCA. We searched with the entity's name in the database of FCA and find no results. That means the entity is not an approved broker that offers financial services in the UK.
What's more, SINOXFX has another registered address in the United Arab Emirates. But there are also no matching results for SINOXFX in the Central Bank of the United Arab Emirates (CBUAE). That means SINOXFX is not overseen by any regulators.
Bad reviews from customers
To be honest, we have checked all over the internet but failed to find any positive reviews or customer feedback about the platform. Victims have reported withdrawal issues with SINOXFX.
One client deposited 1900usd and made some profits, but he never get any money- neither profit nor initial deposit because he always had a failed withdrawal. Here are some conversation between he and his account manager:
Based on the above information, we therefore conclude SINOXFX is a scam.
A way to hurt scam companies and save other traders from falling victims is to leave bad reviews on different sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on our site at the review section.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In the dynamic realm of online trading, the variety of instruments available to traders is vast. From traditional forex pairs to emerging cryptocurrencies, understanding the commonly traded instruments can enhance your trading strategy and broaden your investment horizons. Here, we delve into the most popular instruments in the forex and cryptocurrency markets, exploring their unique characteristics and the opportunities they offer.
In this article, we’ll examine TradeEU Global's key features in depth.
LMAX Group, a provider of institutional trading venues for foreign exchange (FX) and digital assets, has substantially enhanced its FX product suite with the introduction of Non-Deliverable Forwards (NDFs), addressing the escalating demand for such instruments, notably in the Asia Pacific region.
The United States Attorney's Office for the Southern District of New York announced today that three individuals have been charged in connection with a non-fungible token (NFT) rugpull from 2021, known as Evolved Apes.