Below is a comprehensive analysis of the broker associated with the website https://www.fxsuit.com, operated by Salvax Limited, based on the provided criteria. The analysis draws from available information, including online complaints, regulatory status, website security, and other relevant factors. Given the complexity of the request, I’ll structure the response to cover each aspect systematically, ensuring clarity and conciseness while addressing potential risks and user precautions.

1. Online Complaint Information ¶

Multiple sources report significant complaints about FXSuit, indicating serious concerns about its operations:

• ForexBrokerz (2019): Highlights FXSuit’s lack of regulation and high spreads (1.6–2.3 pips on EUR/USD, above industry standards). It warns against trading with unregulated brokers due to limited credibility and risks to funds.
• ScamWatcher (2019): Labels FXSuit as a scam, citing its unregulated status, anonymity, and lack of transparency about management. It notes connections to other problematic brokers (IronFX, FXGiants) and warns of potential fund theft.
• WikiFX: Reports user complaints about manipulated spreads (up to 4,000 pips on October 26, 2020), forced liquidations, and inability to withdraw funds. Users describe initial profits followed by sudden losses, suggesting manipulative practices.
• Forex Peace Army (2021–2024): Details a major incident on October 26, 2020, where FXSuit allegedly widened spreads to 4,000 points, targeting Japanese clients, resulting in significant losses. The broker attributed this to a “network failure” but failed to compensate affected users adequately. Reviews also mention unresponsive customer support and bogus contact numbers.
• Scamonline.net (2019): Reports a user unable to withdraw $2,500, with ignored support requests. The Italian regulator CONSOB issued a warning against FXSuit for operating without a license. Summary: Complaints consistently highlight unregulated operations, withdrawal issues, manipulated trading conditions, and poor customer support. The October 2020 incident targeting Japanese clients is a significant red flag, suggesting deliberate misconduct.

2. Risk Level Assessment ¶

Based on the complaints and operational details, FXSuit poses a high risk to traders for the following reasons:

• Unregulated Status: Operated by Salvax Limited in Bermuda, FXSuit lacks oversight from reputable regulators like the FCA, ASIC, or CySEC. Bermuda’s Monetary Authority does not regulate forex brokers, leaving traders without legal recourse.
• History of Complaints: Allegations of manipulated spreads, forced liquidations, and withdrawal refusals indicate potential fraudulent practices.
• Offshore Location: Bermuda is a known offshore jurisdiction with lax oversight, increasing risks of fund misappropriation.
• High Leverage (1:500): While attractive, such high leverage amplifies risks, especially with an unregulated broker, as it can lead to significant losses.
• Opaque Operations: Limited transparency about management, banking details, or liquidity providers raises concerns about accountability. Risk Level: High. Traders face substantial risks of financial loss due to unregulated operations, reported misconduct, and lack of investor protections.

3. Website Security Tools ¶

An analysis of https://www.fxsuit.com’s security based on standard tools and observations:

• SSL/TLS Encryption: The website uses HTTPS, indicating basic encryption for data transmission. However, this is standard and does not guarantee legitimacy.
• Security Headers: Without direct access to the site’s headers (as of April 2025, the site may restrict access or require login), I cannot confirm the presence of advanced security headers like Content Security Policy (CSP) or HTTP Strict Transport Security (HSTS). Unregulated brokers often lack robust security measures.
• Vulnerabilities: No specific reports of data breaches or hacking incidents were found, but unregulated brokers are less likely to invest in cybersecurity, increasing risks of phishing or data theft.
• Login Restrictions: WikiFX notes that the website restricts access to new users, allowing only existing users to log in, which may indicate attempts to limit scrutiny or hide outdated content. Summary: Basic encryption is likely present, but the lack of transparency and restricted access raise concerns about the site’s security robustness. Traders should exercise caution when sharing personal or financial information.

4. WHOIS Lookup ¶

A WHOIS lookup for https://www.fxsuit.com provides the following insights:

• Domain Registration: The domain was registered in 2017, suggesting a relatively long operational history.
• Registrant Details: WHOIS data often hides registrant details for privacy, but FXSuit is openly linked to Salvax Limited, registered in Bermuda (registration number 53275). No physical address is provided, which is a red flag for a financial service provider.
• Domain Age vs. Complaints: Despite being operational since 2017, complaints peaked around 2019–2020, indicating potential deterioration in service or deliberate misconduct. Summary: The domain’s age suggests some operational history, but the lack of a verifiable address and association with an offshore entity increase risks. The Bermuda registration aligns with complaints about anonymity.

5. IP and Hosting Analysis ¶

While specific IP and hosting details require real-time tools (e.g., Cloudflare, SiteLock), general observations based on available data:

• Hosting Location: Likely hosted in a jurisdiction aligned with Bermuda or a common offshore hosting provider, given the broker’s base. Offshore hosting can complicate legal recourse in case of disputes.
• IP Reputation: No specific reports of malicious activity tied to the site’s IP were found, but unregulated brokers often use shared or low-cost hosting, increasing risks of downtime or security issues.
• Content Delivery Network (CDN): The site may use a CDN (e.g., Cloudflare) for performance, but this is speculative without direct analysis. CDNs can obscure server locations, adding to opacity. Summary: Without precise IP data, the offshore nature of Salvax Limited suggests hosting in a low-oversight jurisdiction. This aligns with the broker’s lack of transparency and increases operational risks.

6. Social Media Presence ¶

FXSuit’s social media presence is not extensively documented, but based on related broker analyses (e.g., FXCess, also linked to Bermuda-based entities):

• Limited Activity: FXSuit likely maintains minimal or inactive social media accounts (e.g., Facebook, Twitter, Instagram), as is common with unregulated brokers. FXCess, a similar broker, has accounts but limited engagement.
• Risk of Fake Reviews: Related brokers like FXCess have been flagged for fake positive reviews on platforms like Trustpilot, suggesting FXSuit may employ similar tactics to manipulate perception.
• Customer Complaints: Social media platforms may contain user complaints, but FXSuit’s restricted website access suggests limited public engagement, reducing visibility of negative feedback. Summary: FXSuit’s social media presence is likely minimal or manipulated, with risks of fake reviews. Traders should verify any positive claims through independent sources like Forex Peace Army or WikiFX.

7. Red Flags and Potential Risk Indicators ¶

Several red flags and risk indicators emerge from the analysis:

• Unregulated Status: No valid license from reputable regulators; Bermuda Monetary Authority does not oversee forex brokers.
• Regulatory Warnings: CONSOB (Italy) and CNMV (Spain) issued warnings against FXSuit for unauthorized operations.
• Manipulated Trading Conditions: The October 2020 spread-widening incident (4,000 pips) targeting Japanese clients suggests deliberate manipulation.
• Withdrawal Issues: Multiple reports of refused or ignored withdrawal requests.
• Lack of Transparency: No clear information about management, banking details, or liquidity providers.
• Bonuses with Strings Attached: Promotions like “100% Matching Bonus” and “20% Prime Bonus” have restrictive withdrawal conditions, a common tactic among scam brokers.
• Connection to Other Problematic Brokers: Alleged links to IronFX and FXGiants, both with poor reputations, suggest brand confusion or rebranding to evade scrutiny.
• Offshore Jurisdiction: Bermuda’s lax oversight increases risks of fraud and fund misappropriation. Summary: FXSuit exhibits multiple red flags, including regulatory warnings, manipulative practices, and lack of transparency, strongly suggesting it is an unsafe broker.

8. Website Content Analysis ¶

An analysis of https://www.fxsuit.com’s content based on available descriptions:

• Claims and Offerings: The site advertises 300+ trading instruments, spreads from 0 pips, 1:500 leverage, and MetaTrader 4 platforms. These are attractive but common among scam brokers to lure traders.
• Risk Warnings: The site includes standard risk warnings (e.g., “All trading involves risk. It is possible to lose all your capital”), but these are legally required and do not offset other risks.
• Restricted Access: WikiFX notes that only existing users can access the site, limiting transparency and raising suspicions about outdated or hidden content.
• Promotional Tactics: Bonuses and “no-fee” deposit/withdrawal claims are prominent but often come with hidden conditions, as reported by users.
• Professional Appearance: The site likely has a polished design, as is typical for unregulated brokers, to create a false sense of legitimacy. Summary: The website’s content is designed to attract traders with bold claims, but restricted access, restrictive bonuses, and lack of transparency undermine its credibility.

9. Regulatory Status ¶

FXSuit’s regulatory status is a critical concern:

• No Valid Regulation: Salvax Limited is registered in Bermuda (registration number 53275), but the Bermuda Monetary Authority does not regulate forex brokers. FXSuit operates without oversight from reputable regulators like the FCA, ASIC, or CySEC.
• Regulatory Warnings:
• CONSOB (Italy): Issued a warning against FXSuit for offering services without a license.
• CNMV (Spain): Warned against FXSuit and related platform FXPace for unauthorized financial services.
• Offshore Risks: Bermuda’s lack of forex regulation means no investor protections, such as segregated accounts or compensation schemes, are in place.
• Comparison to Regulated Brokers: Regulated brokers (e.g., FCA-licensed) must maintain capital reserves, segregate client funds, and offer compensation schemes (e.g., FSCS up to £85,000). FXSuit offers none of these. Summary: FXSuit is unregulated, with explicit warnings from European regulators, making it a high-risk choice for traders.

10. User Precautions ¶

To protect against potential risks when considering FXSuit or similar brokers, users should:

• Avoid Unregulated Brokers: Only trade with brokers licensed by reputable regulators (e.g., FCA, ASIC, CySEC) to ensure fund security and legal recourse.
• Verify Regulatory Claims: Check regulator websites (e.g., Bermuda Monetary Authority, CONSOB) to confirm a broker’s status.
• Test Withdrawals Early: Deposit small amounts initially and attempt withdrawals to verify reliability.
• Avoid Bonuses: Decline bonuses with restrictive conditions, as they often prevent withdrawals.
• Secure Personal Information: If you’ve shared credit card or banking details, cancel cards or change passwords immediately.
• Research Complaints: Check platforms like Forex Peace Army, WikiFX, or Trustpilot for user reviews and scam reports.
• Beware of Recovery Scams: Avoid “recovery agencies” promising to retrieve lost funds, as they often require upfront payments and deliver no results.
• Use Demo Accounts: Test the broker’s platform with a demo account to assess functionality without risking real money. Summary: Traders should prioritize regulated brokers, verify claims independently, and take immediate steps to secure funds if already engaged with FXSuit.

11. Potential Brand Confusion ¶

FXSuit’s operations suggest potential brand confusion tactics:

• Links to IronFX and FXGiants: Multiple sources allege FXSuit was created to distance Mayoress (2019) reports that FXSuit is a rebrand to distance itself from the negative reputation of IronFX and FXGiants, both linked to similar complaints.
• Similar Branding: The names FXSuit, FXPace, and Navitas Markets (all operated by Salvax Limited) share similar naming conventions, potentially confusing traders.
• Regulatory Blacklists: CONSOB and CNMV blacklist FXSuit and FXPace, but not all Salvax platforms are consistently flagged across jurisdictions, creating confusion about their legitimacy.
• Impersonation Risk: Unregulated brokers often mimic reputable firms’ branding. FXSuit’s professional website design may mislead traders into assuming legitimacy. Summary: FXSuit’s alleged ties to IronFX and FXGiants, combined with similar branding across Salvax platforms, suggest deliberate attempts to confuse traders and evade scrutiny.

12. Salvax Limited Broker Analysis ¶

Salvax Limited operates FXSuit, FXPace, and Navitas Markets, all unregulated forex brokers based in Bermuda. Key points:

• Company Details: Registered in Bermuda (number 53275), but no physical address is provided, reducing accountability.
• Regulatory Oversight: None. Bermuda does not regulate forex trading, unlike jurisdictions like the UK or Australia.
• Operational History: Operating since 2017, but complaints surged in 2019–2020, particularly after the October 2020 incident.
• Other Platforms: FXPace faces similar complaints and regulatory warnings, suggesting a pattern across Salvax brands.
• Client Targeting: Reports indicate targeting of specific groups, notably Japanese traders in 2020, raising ethical concerns. Summary: Salvax Limited’s lack of regulation, opaque operations, and consistent complaints across its brands indicate a high-risk operation likely designed to exploit unsuspecting traders.

Conclusion ¶

The broker operating https://www.fxsuit.com, under Salvax Limited, is high-risk and not recommended for trading. Key concerns include:

• Unregulated Status: No oversight from reputable regulators, with warnings from CONSOB and CNMV.
• Significant Complaints: Allegations of manipulated spreads, withdrawal refusals, and targeting specific client groups (e.g., Japanese traders in 2020).
• Red Flags: Offshore location, lack of transparency, restrictive bonuses, and potential brand confusion with problematic brokers like IronFX.
• Website and Security: Restricted access and basic security measures limit trust.
• User Precautions: Avoid engagement, verify regulators, secure personal data, and prioritize regulated brokers. Traders should opt for brokers regulated by authorities like the FCA, ASIC, or CySEC, which offer protections like segregated accounts and compensation schemes. If already involved with FXSuit, attempt to withdraw funds immediately, secure financial details, and avoid further deposits. For recovery, consult legitimate legal professionals rather than unverified “recovery agencies.” If you need further analysis or assistance (e.g., checking specific regulator databases or alternative broker recommendations), please let me know!