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ROIFX

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Operating status: SCAM

Website: https://www.roitrader.uk/; https://www.roifxtrader.com; https://www.roitrader.me/

Broker violations and abnormal records
  • 2023-05-25 The UK FCA issued a warning against ROIFX

    On May 26, 2023, the Financial Conduct Authority (FCA) issued a warning against ROIFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/roifx

    On May 26, 2023, the Financial Conduct Authority (FCA) issued a warning against ROIFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/roifx
  • 2023-05-28 BrokersView has reviewed that ROIFX is an unregulated broker

    ROIFX claims to hold the company number 14274737 issued by the Companies House (CH). While it is true that corresponding records exist in the CH register, it is crucial to note that the CH only serves as a registrar of companies in the CH and is not empowered to regulate the financial industry. Mere registration with the CH doesn't grant the authorization to legally offer financial products or services. In addition, the UK Financial Conduct Authority (FCA), a recognized financial regulator, has issued a warning against ROIFX for illegally operating in the country without proper authorization.

    In essence, ROIFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    ROIFX claims to hold the company number 14274737 issued by the Companies House (CH). While it is true that corresponding records exist in the CH register, it is crucial to note that the CH only serves as a registrar of companies in the CH and is not empowered to regulate the financial industry. Mere registration with the CH doesn't grant the authorization to legally offer financial products or services. In addition, the UK Financial Conduct Authority (FCA), a recognized financial regulator, has issued a warning against ROIFX for illegally operating in the country without proper authorization.In essence, ROIFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-05 BrokersView discovers ROIFX has changed its domain

    As the old website address https://www.roifxtrader.com/ has turned inaccessible, ROIFX is using a new one https://www.roitrader.uk/  to solicit fresh investments. Please be aware of the risks involved and stay away from ROIFX.

    As the old website address https://www.roifxtrader.com/ has turned inaccessible, ROIFX is using a new one https://www.roitrader.uk/  to solicit fresh investments. Please be aware of the risks involved and stay away from ROIFX.
  • 2023-09-12 The FCA updates its warning against ROIFX by adding new website addresses

    On september 13, 2023, the Financial Conduct Authority (FCA) added several new addresses of ROIFX to its warning to caution investors about this scam broker. https://www.fca.org.uk/news/warnings/roifx 

    These addresses are: www.roifxtrader.com, http://roifxtrader.info/, roitrader.me, https://www.roifx-trader.uk/, https://www.roitrader.uk. Please stay away from it.

    On september 13, 2023, the Financial Conduct Authority (FCA) added several new addresses of ROIFX to its warning to caution investors about this scam broker. https://www.fca.org.uk/news/warnings/roifx These addresses are: www.roifxtrader.com, http://roifxtrader.info/, roitrader.me, https://www.roifx-trader.uk/, https://www.roitrader.uk. Please stay away from it.
  • 2024-03-17 The CNMV adds ROIFX to its warning list

    On March 18, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added ROIFX to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ROITRADER

    On March 18, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added ROIFX to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ROITRADER

Related Complaints

Q&A

Is ROIFX a broker using MT5?

ElizabetJamison
Montenegro
2023-05-30
ANSWER ROIFX is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.ROIFX claims to hold the company number 14274737 issued by the Companies House (CH). While it is true that corresponding records exist in the CH register, it is crucial to note that the CH only serves as a registrar of companies in the CH and is not empowered to regulate the financial industry. Mere registration with the CH doesn't grant the authorization to legally offer financial products or services. In addition, the UK Financial Conduct Authority (FCA), a recognized financial regulator, has issued a warning against ROIFX for illegally operating in the country without proper authorization.Regarding your question, we strongly suggest avoid dealing with ROIFX since it is an unlicensed broker. If dealing with an unlicensed broker, investors will expose themselves to significant risks, including financial losses and identity theft because there are no rules to safeguard them. Therefore, to avoid such risks, it is advisable to stay away from unlicensed brokers like ROIFX and opt for fully regulated ones.
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