Arox Capital is an unregulated Crypto and Forex CFD Broker, that opened in March 2021. On April 22nd 2021, the FCA also warned investors that this broker is a scam, read more.
The Official website is at: https://www.aroxcapital.com/. Their website is no longer working so they are probably another exit scam. For complaints or withdrawal problems, read more here.
Arox Capital Review
A quick review of the broker called Arox Capital finds, that the trading app they are offering investors is a white label software. They only offer a simple web-based CFD trading platform, and we could not find the Forex industry standard MT4 or MT5 trading apps. Most UK investors are using ForTrade.
Take a look at the screenshot below, and you can see what the web-based trading platform looks like. You will see hundreds of underlying assets available for CFD trading against the Dollar or Bitcoin including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. Arox Capital website and trading platform is available in a few languages; English, German, French, Spanish and Italian.
They offer different account types, which require a large deposit, and the touted benefit is an account manager. Utilizing an account manager in CFD trading is not a recommended endeavor, as they profit from your losses. Minimum deposit for a regular trading account is $200, and they only take credit cards.
Scam Trading Apps
Warning! Before investing with an automated trading system, you should know that 99.9% of people lose money that way!
Many people read what looks like a legitimate article, about someone who made money using a trading app like “Bitcoin Profit”. However, the only person making money from it, is the one who wrote the article! For a detailed explanation of how these scams operate, you should read this article.
Do your research, and first try making money are licensed broker that give you Trading Central alerts, see here.
Is Arox Capital a Regulated Broker?
No, Arox Capital is not regulated and they are not a licensed broker.
Who actually owns AroxCapital is not so clear. On their terms and conditions page they say that they are owned and operated by: Aroxcapital LTD, 238 Agias Fylaxeos Street, Anna Court, 1st floor, 3082 Limassol, Cyprus. Contact phone number is: +442039877675, and their email address is: [email protected]. A little bit of internet sleuthing reveals that they may have a connection to the now defunct Finetero.
Scam Broker Investigator uses a simple method to determine if a Forex broker is legitimate or a scam broker. We check to see if the broker is licensed and regulated by any one of the popular government regulators like; CySEC Cyprus, IIROC Canada, FCA United Kingdom or ASIC Australia. All online brokers in Europe must be licensed and regulated by the financial regulatory agency in their country.
You can find popular Forex brokers that are licensed and regulated listed here.
Compare Popular Brokers
There are many Crypto and Forex brokers to choose from today, and therefore, you should first look at some popular licensed brokers.
ForTrade is a popular broker for new CFD investors, because ForTrade is regulated in Australia, England and Canada, see here.
Try a Free Demo of their easy trading app, register here.
If you invested with Arox Capital, please share your experience with other investors reading this review.