Overview of RoFx.net Review:
Scam brokers have used the finance industry as their breeding ground for a long time. With new scam brokers and scam brokerage firms emerging every other day, it has become unsafe for customers to trade in the industry. RoFx.net claims to be the revolution in the trading industry. They also advertise themselves as the best money-making service and assure a stable income to all the customers including those who have little knowledge about trading. However, you will soon come to know that RoFx.net is a big scam and all of this is just a façade. If you find this review helpful, make sure you share it with your loved ones too. Read on to know more about the RoFx.net scam.
In this segment, we will be specifically discussing all the offers and demands met by RoFx. We will also be explaining why certain steps that the company has taken are problematic and raise red flags as well.
RoFx.net claims to have its offices in various countries such as Canada, UK, and the USA. However, when it comes to regulations, RoFx.net fails to mention anything about the licenses. This is suspicious especially for a company that claimed to be a revolution. Furthermore, we also found out that RoFx is blacklisted by the BCSC and CONSOB. Being blacklisted by two regulators acts as the icing on the cake and helps us in confirming that RoFx.net is a complete scam. We must never trade with companies that do not have a license.
RoFx.net offering managed accounts:
Another thing that is not so common in the online industry is that RoFx.net offers managed accounts. They advertise this by claiming that all the customer has to do is deposit their funds. What our readers should know is that most online brokerage firms are market makers. Their main source of income is generated when their customer incurs a loss. Therefore, a scam broker like RoFx.net will surely go to any extent to make their clients lose the trade and earn the money themselves.
RoFx.net Account types and minimum deposits:
RoFx.net offers six different types of trading accounts to their customers with varying minimum deposits. The names of these accounts are Trial Account, Easy Start Account, Moneymaker Account, Gold Account, VIP Account, and VIP PAMM Account. The minimum deposits of these accounts are $1000, $5000, $10000, $50000, $100000 and $1000000 respectively. As clear as this looks, the minimum deposits are definitely very high and raise yet another red flag against RoFx.
Conclusion: Is it a Scam or Legit?
To sum up, all that has been said above, we can safely say that RoFx.net is a complete scam. We request our traders not to invest or trade with this RoFx.net scam broker. If you have been scammed by RoFx.net, File a complaint now and get solutions to guide you through fund recovery.
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