ROIFX Trader is a forex broker that was registered in the United Kingdom on August 3, 2022. It primarily offers financial trading services such as forex, stocks, commodities, indices, etc., to investors. The company's headquarters location is unknown. The broker's website mainly supports English and Italian services and caters to clients from the UK, Italy, Germany, the United States, Turkey, and Cyprus. However, it does not provide services to residents of certain countries, including but not limited to Iran, North Korea, the Central African Republic, and Estonia.
Company Background and Regulatory Status:
According to information publicly available on the ROIFX Trader website, the copyright belongs to ROIFX LTD, which has a company registration number of 14274737 and is affiliated with GC Group Ltd.
Furthermore, ROIFX TRADER operates under the following entities:
GC.Group Itd, authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD059, located at JC&P Building, 1st Floor, Rue D'Ahora Street, Providence, Mahe, Seychelles.
Alchemy Markets Limited, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 431/88, headquartered at Anexartisias 187, Limassol 3040, Cyprus.
Market Securities SA, authorized and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany, with license number BaFin ID 2000832/Bak Nr.118426, located at 38 Patriarchou Ioakeim Str., 10675 Athens, Greece.
Upon investigation, it was found that ROIFX Trader, registered in the UK under ROIFX LTD, does exist. However, the company's recent account confirmation statement is overdue, and this entity is not authorized or regulated by the UK Financial Conduct Authority (FCA). It is also listed on the FCA's investor warning list. While GC.Group Itd is searchable on the FSA's website, the approved domain of this entity has not been disclosed on the FSA's official site, making it unclear how it is related to ROIFX Trader. There is no entity with license number 431/88 as listed by CySEC, and the entity known as Alchemy Markets Limited, found on the MFSA website, has no connection with ROIFX Trader, as its approved website domain is www.nsfx.com. Market Securities SA, as listed on BaFin's website, appears to be a cross-border service provider registered in Germany, with no registration information available to confirm any association with ROIFX Trader.
In addition, it was noted that ROIFX Trader's website design is highly similar to that of a broker named AHFULTRA TRADER, and they share similar regulatory information, suggesting a possible use of a common template.
Account Opening:
To open an account with ROIFX Trader, users need to first register on their official website. During registration, you will be required to provide your name, personal email, phone number, country, and set a login password. Afterward, you'll need to upload identity and address verification documents for validation. Once the verification process is complete, you can deposit funds into your trading account and start trading in the financial markets.
Account Types:
ROIFX Trader does not offer demo accounts but provides five different types of real trading accounts for users:
- ROI STANDART ACCOUNT with a minimum deposit of $5,000, a maximum leverage of 1:100, and standard overnight interest and spreads.
- ROI PREMIUM ACCOUNT with a minimum deposit of $25,000, a maximum leverage of 1:200, a 10% overnight interest discount, and standard spreads.
- ROI GOLD ACCOUNT with a minimum deposit of $100,000, a maximum leverage of 1:400, a 25% overnight interest discount, and gold spreads.
- ROI EXPERT ACCOUNT with a minimum deposit of $250,000, a maximum leverage of 1:400, a 50% overnight interest discount, and expert spreads.
- ROI PLATINUM ACCOUNT, where the minimum deposit and overnight interest details require contacting customer support, with a maximum leverage of 1:600 and expert spreads.
Trading Platform:
ROIFX Trader provides a proprietary web-based trading platform for its users.
Deposits and Withdrawals:
ROIFX Trader offers only two deposit and withdrawal methods: bank transfers and PayPal, with a minimum deposit and withdrawal amount of 10 euros.
Customer Support:
ROIFX Trader offers customer support through phone at +442045867474 and via email at support@roifxtrader.info. Users can also use the online contact form on the official website to get in touch with customer support.
Summary:
Trade Circle advises investors that ROIFX Trader is a forex trading scam website listed in the investor warning list of the UK Financial Conduct Authority (FCA). The website contains several false pieces of information, and its account types have significantly higher minimum deposit requirements compared to normal platforms. Trade Circle recommends that investors choose well-established, legally regulated, and reputable platforms for trading to avoid unnecessary financial losses. Currently, this broker is marked as "suspected fraud" on Trade Circle.
