The Official Website Of SINOXFX Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-13 We Have Confirmed After Review That SINOXFX Is An Unregulated Foreign Exchange Dealer
SINOXFX Claims To Be A Pioneering Fintech Start-up, As Well As A World-class Online Trading Provider With Six Years Of Industry Experience. However, When We Checked Its Domain Name, We Found That The Website Was Created In 2021. So Where Does Its Six Years Of Experience Come From? This Is A Red Flag.
Furthermore, SINOXFX Claims To Be Registered With The UK Department Of Commerce And Industry (CH). We Also Did Find Results Matching SINOXFX In CH, But Please Note That CH Is The Companies Registry In The UK And Does Not Have The Legal Right To Regulate Any Forex Activities. Having A Registration By A Dealer Does Not Mean That There Is Any Regulation.
Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results Matching SINOXFX In The FCA. This Means That SINOXFX Is Not Licensed To Operate In The UK To Provide Financial Services
More Importantly, SINOXFX Shows That Another Registered Address Is In The United Arab Emirates (U.A.E). But In The Central Bank Of The United Arab Emirates (CBUAE), We Also Did Not Find Results That Matched SINOXFX. This Means That SINOXFX Is Not Regulated By Any Regulatory Authority. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That SINOXFX Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: SINOXFX As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
