DoxFX Broker Review

The broker seems to catch clients based on their false addresses and fake presentations. When you see an address in Zurich and hear that the company is in a reputable, Tier1 regulated country, it brings certain trust. However, all this is explained in detail in our DoxFX review, so let’s start.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FINMA, CONSOB
Owned by: OICS LIMITED
Headquarters Country: Switzerland
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: 250 EUR
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:50
Free Demo Account: No
Accepts US clients: Yes

DoxFX Regulation

A Tier1 license from FINMA is implied by the company’s claim to be a brand owned by OICS Limited and based in Switzerland. Naturally, we chose to verify this information rather than simply taking it on faith. There doesn’t appear to be any DoxFX regulation with FINMA or any other body in Europe or beyond. Furthermore, OICS Limited is not a legitimate Swiss business; as a result, it is most likely another offshore organization that conceals its true headquarters.

Considering what we’ve learned, staying away from DoxFX seems to be the smartest course of action for your money.

DoxFX Scam Warnings

We were not shocked to see that the Swiss regulatory authority was the first to publicly warn about the DoxFX fraud, given that the broker falsely claims to be based there. Additionally, DoxFX was flagged as a fraud by Italian authorities who had also observed its operations and had issued the same warning.

Fund Withdrawal Issues

DoxFX will tell you a pleasant story about withdrawals and funds being accessible 24/7 because it purports to be legitimate. In fact, everything will seem so simple that you won’t see any need to hold yourself back from investing and perhaps making money.

But if you look into everything, you’ll see that the whole thing was a lie. a tale. Additionally, as the broker lacks a formal regulation, you won’t be able to withdraw your money or file a complaint.

Areas Of DoxFX Scam

DoxFX scam victims are primarily found in the US, Germany, and Japan. However, based on regulatory cautions, we can infer that the business is active in Switzerland, Italy, and perhaps additional EEA nations. It’s important to recognize that DoxFX offers unregulated financial services everywhere in the world, and you shouldn’t take them up on any offers.

Traders About DoxFX Scam

As you have probably already realized, DoxFX reviews aren’t favorable. Traders frequently complain about withdrawals, claiming that it is impossible to get their money back. In addition, the broker makes customers install AnyDesk, a program that enables access to internet banking from any device. The highest level of scam is when money is moved in this manner without the client’s consent.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.

American Style

2 Comments

Oscar February 3, 2023 at 5:22 pm

Don’t take your money to DoxFX because otherwise you will see it for the last time. I first fell for the ads, and then decided to look for reviews and was horrified. It is a pity that I started to read them after I was in the black and I wanted to withdraw my money. As a result they completely ignored my emails and phone calls. I will try to get them back somehow through the court, but I can hardly believe I will win from the very beginning. Be more reasonable than I am!

Mason_M March 3, 2023 at 6:40 pm

The problems began at the stage of registration – they demanded personal information, which was not requested at other sites. Then I faced with the extreme uncomfortableness and inconvenience of the site – constantly glitches and slows down, which makes any work somewhat pointless. When I earned some money I faced with the fact that before withdrawing the money I had to pass an identification, which was very time-consuming. All in all a problem broker, not worth working with, there are plenty of other good options.

DoxFX is a Scam Broker – Read DoxFX Reviews