Fxboxsignals Review
Beware Investors fxboxsignals – Regarding fraudulent practices, issues with the registration of securities/derivatives, reporting requirements, and market intermediaries.
Who is fxboxsignals:
fxboxsignals is a website that provides forex trading signals, education, and analysis. According to their website, they have over 10 years of experience in the forex market and they have a team of experts who generate the signals. They also claim to have a partnership with Ameriultratrade, a forex broker that offers low spreads, fast execution, and high leverage.
Regulation:
One of the most important aspects of choosing a forex trading platform is to check its regulation status. Regulation ensures that the platform complies with the rules and standards of the financial authorities and protects the clients’ funds and rights. However, fxboxsignals does not provide any information about their regulation or license on their website. They only mention that they are an LLC company registered in the US, but they do not provide any proof or details of their registration. Moreover, they claim to have received a notification from ASIC, the Australian Securities and Investments Commission, that they are not required to hold an Australian Financial Services License. However, this notification is not valid or official, as ASIC does not issue such notifications to unlicensed entities. Therefore, fxboxsignals is not regulated by any authority and operates without any oversight or accountability.
Location:
Another way to verify the credibility of a forex trading platform is to check their physical location and contact details. However, fxboxsignals does not provide any address or phone number on their website. They only have an email address and a Telegram channel as their means of communication. This raises doubts about their transparency and legitimacy, as they do not have a clear identity or location.
Services:
fxboxsignals offers three types of services: signals, education, and analysis. The signals are supposed to be generated by their team of experts and delivered via Telegram or email. The education consists of webinars, courses, and ebooks that cover various topics related to forex trading. The analysis includes market news, trends, and forecasts that are updated daily on their website. However, there is no evidence or proof that these services are reliable or effective. There are no verified results or testimonials from their clients that show their performance or satisfaction. There are also no samples or previews of their signals, education, or analysis that demonstrate their quality or accuracy.
Reviews:
One of the best ways to evaluate a forex trading platform is to read the reviews and feedback from other users who have tried their services. However, fxboxsignals does not have any reviews or ratings on their website or any other reputable platform. This suggests that they either do not have any clients or they do not allow them to share their opinions or experiences. This also indicates that they do not have a good reputation or trustworthiness in the forex market.
Customer Service:
Another important factor to consider when choosing a forex trading platform is their customer service and support. Good customer service should be responsive, helpful, and professional. However, fxboxsignals does not have good customer service, as they do not offer any live chat or phone support. They only have an email address and a Telegram channel as their contact options, but they do not guarantee a timely or satisfactory response. They also do not have a FAQ section or a help center on their website that answers the common questions or issues that their clients may have.
Why Check Company Credentials:
It is essential to check the company credentials of any forex trading platform before signing up for their services or depositing any money with them. This is because there are many scams and frauds in the forex market that prey on unsuspecting traders who are looking for quick profits or easy solutions. By checking the company credentials, such as regulation, location, services, reviews, and customer service, you can avoid falling victim to these scams and protect your funds and interests. You can also ensure that you are dealing with a legitimate and reputable company that offers quality and reliable services.
Conclusion:
fxboxsignals is a forex trading platform that claims to offer high-quality signals, education, and analysis. However, after examining their company credentials, we found out that they are not regulated by any authority, they do not have a clear location or contact details, they do not provide any proof or evidence of their services, they do not have any reviews or ratings from their clients, and they do not have a good customer service or support. Therefore, we conclude that fxboxsignals is not a trustworthy or safe company to trade with and we advise you to stay away from them.
