FXBoxed Review

Is FXBoxed a scam or legit broker? Read FXBoxed Review

FXBoxed states that it was established as an International Business Company (IBC) in St. Vincent and the Grenadines with the company number 206752. It should be reminded, nevertheless, that IBCs is only a registrar and lacks the legal ability to control forex activity. In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a blackout order for FXBoxed due to its unauthorised provision of financial services and financial products.

The fact is that FXBoxed.com is not under any regulatory authority. It is risky to allow this broker to store or handle investors’ money, and no law can provide any protection for it. Consequently, it is a fraud.

FXBoxed, which offers financial services or financial products illegally, was ordered to be blacked out on March 2, 2023 by the Commissione Nazionale per le Società e la Borsa (CONSOB).

The broker got many Complaints and negative FXBoxed reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

 Website – http://fxboxed.com/

 Address – WOOLLOONGABBA QLD 4102, Brisbane, Australia

 Warned By – Commissione Nazionale per le Società e la Borsa (Italy)

Domain Age Information of FXBoxed

Despite FXBoxed attempts to look legit and trustworthy, we can’t disregard the alerts that FXBoxed.com giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.

Possible scam activities of FXBoxed

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this FXBoxed.com review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative FXBoxed Reviews and Complaints

FXBoxed has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative FXBoxed Review

After Searching internet you will find many negative FXBoxed Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and FXBoxed reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.