AroxCapital asserts itself as a provider of the most cutting-edge methods for trading and investing, offering signals and automated trading tools. Despite its clean website and straightforward layout, our in-depth review has uncovered several concerning indicators that warrant closer examination. Read this comprehensive AroxCapital review to know more details on why we added this broker to our scam brokers page.
Website: http://aroxcapital.com/
Address: Canary Wharf, 15 Canada Square, London, United Kingdom E14 5GL
Warning: Central Bank of Ireland (Ireland)
Regulation Status: Unregulated
Domain Age:
| Domain Name | aroxcapital.com |
|---|---|
| Date Registered | December 21, 2020 |
| Domain Age | 2 years, 10 months, 18 days, 23 hours, 10 minutes, 16 seconds |
AroxCapital Review: Lack of Regulatory Oversight
One of the most glaring issues with Arox Capital is its apparent lack of regulatory approval. Reputable brokers generally hold licenses and adhere to regulations set by financial authorities, ensuring an added layer of safeguard for investors. However, AroxCapital operates in a regulatory gray area, lacking the necessary licenses to offer financial services. This absence of oversight raises immediate concerns about the platform’s adherence to industry standards and the safeguarding of investors’ interests.
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AroxCapital Review: Inconsistent Company Information
A closer examination of AroxCapital’s website reveals inconsistencies in the company’s information, further deepening the suspicion surrounding its legitimacy. The “Contact Us” section lists an address in London, UK, while the “Terms and Conditions” state that AroxCapital Ltd. is based in Cyprus. Such discrepancies not only undermine the credibility of the platform but also raise questions about its transparency and commitment to providing accurate information to its users.
Is it safe to invest with AroxCapital?
We find no grounds to trust that a broker with the questionable reputation of AroxCapital would enable any of its clients to profit in the forex market. Quite the opposite, those who choose to deposit with them are likely to experience a complete loss of their invested funds over time.
Arox Capital Review: Unimpressive Trading Software
The broker provides its clients with a basic web-based platform that did not leave a positive impression on us. Most traders are likely to opt for MetaTrader, which is significantly superior and more dependable. This platform lacks any distinctive features. In contrast, MT4 and MT5 are widely recognized for their excellent charting capabilities and reliable automated trading strategies.
Trading Conditions: Excessive Leverage and Spreads
The broker provides its clients with a basic web-based platform that did not leave a positive impression on us. Most traders are likely to opt for MetaTrader, which is significantly superior and more dependable. This platform lacks any distinctive features. In contrast, MT4 and MT5 are widely recognized for their excellent charting capabilities and reliable automated trading strategies.
AroxCapital Review: Payment Methods
The broker mandates a minimum deposit of at least EUR 200. However, there are reputable brokers that provide micro accounts, enabling you to commence trading with as little as $5 or $10. The broker promotes various payment methods, including credit/debit cards, bank wire, Skrill, and Neteller. Among these options, we suggest using credit cards such as MasterCard and Visa due to their chargeback policy.
AroxCapital Review: Conclusion
In conclusion, the signs pointing towards AroxCapital operating as a potential scam are evident. From the lack of regulation to misleading information and an unimpressive trading platform, investors are urged to exercise extreme caution before engaging with this platform.
In the case of AroxCapital, the numerous red flags suggest that this platform may not be a trustworthy option for investors seeking a legitimate and secure trading environment.
If you’ve fallen victim to an AroxCapital scam, don’t despair. Contact our fund recovery services for a free consultation. Our experienced team is dedicated to helping victims navigate the complexities of financial fraud, providing support and guidance throughout the recovery process. Your financial well-being is our priority, and we are here to assist you in reclaiming what rightfully belongs to you.
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