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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

Zenny Sheikh
Withdrawal services very fast 😊😊😊😊
2022-10-14
2
Reply
Rajnish Mishra
I have traded with this broker for 6 months and I have never experienced requotes or slippages with it. I earned $2000
2022-10-14
2
Reply
Noman
Best broker I have ever came accross withdrawal is fast.
2022-10-14
2
Reply
Sharukh Khan
Their customers service is supreme. They guided me in every step of trading from opening account to learn trading
2022-10-14
2
Reply
SUJJAIN
With over 4000+ tradeable symbols, including CFDs, forex, and exchange-traded securities, Sinoxfx offers a comprehensive – albeit slightly pricey – trading experience. Very nice broker i am working 5+ years. i didnot face any deposit and withdrawal issues and support team is very nice and very active. I got reply instant. Fantastic for ease of use thanks to its user-friendly web platform mt5.thanks
2022-10-14
2
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
Adarsh Verma
Good service provider
2022-11-11
Reply

1-10 of 15 comments

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