Broker AroxCapital – review and user reviews
AroxCapital mediator is said to offer “the most innovative way to trade and invest”. For trading, CFDs, futures, indices, commodities and cryptocurrencies are provided. Although the service speaks of 10 years of experience in the financial markets, it became known on the Internet relatively recently. Should I trust AroxCapital?
Basic information about the AroxCapital brand
| Year of founding | 2020 |
| Jurisdiction | unknown |
| License | none |
| Field of activity | forex and stock trading |
Everything that the broker says about himself fits in one sentence. The company was allegedly founded in 2018 and today serves customers from 150 countries. The intermediary mainly specializes in the margin trading of cryptocurrencies. A domain check using the WHOIS service showed that the platform was launched at the end of December 2020.
What trading conditions does AroxCapital offer?
A primitive scam offers to trade a variety of instruments, but at the same time, the AroxCapital official website does not have contract specifications, current quotes, or even a list of assets. Demo account scammers do not offer; the user must choose one of 7 accounts. None of them contain information about commissions and spreads. General conditions are given in a small list:
- The minimum deposit is 200 euros, but AroxCapital recommends depositing at least 1,000 euros;
- maximum leverage for retail traders is 1:30, for professional traders – 1:200;
- spreads are marked as floating and start from 0.1 pip;
- Orders are executed according to the STP and NDD models.
Opening an account and replenishing the balance
Sharashka does not have working contact details or online chat, so all communication with support is done by e-mail or via the feedback form. To register an account, a template form is offered, where the user needs to provide personal data, including a phone number. The broker also requires verification.
The site does not say anything about how to replenish the balance and withdraw funds. In the “Frequently Asked Questions” section, you can find a list of payment methods, which includes e-wallets, credit cards and bank transfers.
AroxCapital reputation on the Internet
In fact, the scam has been operating for more than a year, but there are not so many reviews about the AroxCapital website on the web. Scammers are not shy about ordering laudatory reviews and posting comments, throwing dust in the eyes of potential victims. Real clients, in their reviews, describe in detail the divorce scheme and categorically do not recommend contacting a sharashka. So, Janet from Canada lost over $64,000 due to the fact that scammers do not allow to withdraw money.
The user Belinda also does not recommend “collaborating” with scammers and says that she cannot return her 8,000 euros invested.
Trading and analytics software
Online trading on the AroxCapital website is impossible – this proves the complete absence of terminals and applications for opening transactions. You cannot download the program or view the browser version. The “Education” section is absolutely useless for a trader – there are no courses, e-books and analysis tools.
Legal documents and licenses
When choosing a broker, the user should always be guided by its legal base. The lack of licenses directly indicates that the company is not reliable. And in the case of AroxCapital, there are many signs of fraud:
- AroxCapital is not regulated in any country – the broker has no licenses;
- Regulators FCA and CNMV issued a warning regarding the illegal activities of this office;
- The absence of specific trading conditions and platforms indicates the imitation of trading.
Thus, you can forget about the presence of any advantages. Everyone speaks negative reviews about AroxCapital – it is dangerous to get involved with this scam. Fraudsters will shake everything to the last penny and leave you with nothing.
