Our RoiFX Review Will Give You the Truth About this Scammer
When thinking about the broker to choose for their next trading adventure, many people would make a list. Well, after reading our RoiFX Review, you’ll surely cross them off it. Everything about this broker screams scam, so be careful! Please, go through our review to find out the truth.
|Address||20-22 Wenlock Road, London, England, N1 7GU|
|Bonuses||Yes, but no information could be found on the amount.|
Compliance and Fund Safety at RoiFX
Just by looking at RoiFX’s website, you would think this is the most legitimate broker in the world, but you would be sadly mistaken. Let’s start with their license situation.
RoiFX is a UK-based broker, which would mean they have to be registered with the Financial Conduct Authority (FCA). However, combing through FCA’s register, we could not find any traces of this shady broker, which means they are operating completely UNREGULATED!
A trading license is the first item on the list you should check when investigating a broker. Them having one or not will be a strong indicator if you are exposing yourself to risk. Being unregulated means they cannot vouch for your financial safety, which is always a red flag.
Available Trading Software at RoiFX
If we’re talking about industry standards, then MetaTrader4 and MetaTrader5 are the two platforms most legitimate brokers provide to their clients. Unsurprisingly, this is not the case with RoiFX.
What this fraudster offers is just a simple online trading platform that looks amateurish and is also quite limited in its functionality. This is not something you would expect from a broker that claims to be a partner of Ferrari and F.C. Chelsea.
Conversely, great trading software like MT5 brings the user a packed suite of practical features. Real-time quotes, automated trading, and stock charts are only some benefits of premium software. Not to mention that users can ask experts about anything they need.
Account Types Available
RoiFX gives their customers a choice of 5 accounts, starting from the Roi Standart. And no, this is not a typo. For a self-proclaimed #1 FX broker in the world, this is quite off-brand and we didn’t even get to the bad part yet.
We don’t know why you would want this, but If you want to invest with this broker, you would have to bring at least $5,000 to the table. We cannot tell you just how alarming this number is, as high minimum deposits in most cases indicate a scam!
The minimum deposits for other accounts are as follows:
- Roi Premium – $25,000
- Roi Gold – $100,000
- Roi Expert – $250,000
- Roi Platinum – requires contacting the broker
The last thing we’ll say is if someone demands you give them at least a quarter of a million dollars just to start collaborating, simply walk away.
Methods of Deposit and Withdrawal
Another warning sign is the lack of a Terms and Conditions page anywhere on their website, so beware!
From what we could gather, the payment methods available to traders are Mastercard, Visa, American Express credit/debit cards, a bank wire transfer, PayPal and Stripe.
RoiFX also offers bonuses, but don’t get fooled by this because they do not come without strings attached. We don’t know this for certain, but bonuses from scammers are usually incentivized by trading volume, which makes it extremely hard to actually withdraw the funds.
How Is the Fraud Carried Out?
There’s not much difference in how these brokers scam you out of your money. It all includes empty promises and offers that seem too good to be true, and this is because they are.
An unrealistically large return on investment, great leverage and similar things are some of the signs you might be dealing with a scammer. It’s crucial to realize this in the beginning stages so that you can avoid making the mistake of investing with fraudsters.
But even if you fall victim to a scam, don’t beat yourself up. Scams can happen to anyone! And there are some ways to get your money back.
The first task on the list is to contact your bank and file a chargeback request. If you discover you are dealing with a shady broker in time, the bank might be able to get you your money back.
Hopefully, our RoiFx Review managed to give you the whole picture of what this scammer is all about. But don’t let your guard down. They are only one company in a vast ocean of scammers.
But we’re confident you now know what signs you should look for when investigating a broker, so have fun investing and remember, stay safe out there.
FAQs About RoiFX Broker
Is RoiFX a Regulated Broker?
No. RoiFX is completely unregulated and we could not find any trace of them in any broker register.
Is My Money Safe at RoiFX?
Absolutely not! They do not own a trading license so they cannot guarantee you any safety while trading.
What Is The Minimum Deposit at RoiFX?
The minimum deposit is a whopping $5,000. This is a major red flag and you should avoid investing with these scammers.