Introduction to RoFx Review:
One of the major parameters that each of us checks before making an account with a brokerage firm is its experience in the market. RoFx claims to be founded in 2009 and also claims to have the best to offer in the whole financial market. Despite allegedly being in the market for almost 12 years, the company fails to have green flags on a variety of parameters. If you are here with the intention of knowing whether RoFx is a scam broker or a legitimate one, you are just at the right place. Sit tight and read till the end to know more about RoFx in this RoFx review.
In this section, we will be specifically discussing all the red flags that RoFx showcases.
Is RoFx regulated by any of the regulators?
To answer this question, we would first have to tell you what the website claims. Upon checking the website of RoFx, we got to know that RoFx claims to be based out of the UK. IF a company has its headquarters in the UK, it has to be regulated by the Financial Conduct Authority or the FCA. However, RoFx does not mention any kind of license from any regulator. Upon cross-checking with the regulations and FCA, we got to know that RoFx is UNREGULATED. The company does not have a license and the fact that claims to be working in the UK might not be true.
Is RoFx blacklisted by any regulator?
While checking for the regulation, we also came to know about the shocking fact that RoFx is blacklisted by two regulators. The British Columbia Securities Commission or the BCSC and the British Columbia Securities Commission or the CNMV have issued warnings against RoFx. The regulators state that the company is unregulated and warn their citizens from trading with RoFx. This poses a red flag against the RoFx scam in this RoFx review.
Who are the founders of RoFx?
Although RoFx claims to have been in the market for a very long time and also brags about having expertise in the market, RoFx fails to reveal the founders of this firm. On their website, RoFx neither shows any information about the team behind the company nor do they tell us about the Founder or the CEO. This is yet another red flag against the RoFx scam in this RoFx review.
Conclusion: Is RoFx a scam broker or a legit broker?
To sum up, all that has been stated above in the RoFx review, we state that RoFx is a potential scammer. With all the red flags pointed out above, we warn our readers from trading or investing with RoFx. This unregulated broker may pose a greater threat to your hard-earned money. If you have been scammed by RoFx, just fill in the form to file a complaint and we will help you get your money back. To read more such scam broker reviews, visit our page!
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