Foraxi Review & Victims’ Experiences

Foraxi Review: Independent Analysis of User Ratings, Complaints, and Trustworthiness

Scam Broker Overview

Website: https://foraxi.com/
Website Availability: Yes
Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon – 999077 Hong Kong
Warning: Not Recommended By Review Website Like Skyrecoup
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.

Foraxi claims to be a financial service provider with over 200 professionals who profess to be experts in the industries of finance and internet technologies. They advertise 24/7 personal support; this will be analyzed later. Alternatively, let’s examine some serious red flags that reveal the legitimacy of this platform upon further investigation.

Lack of Regulation

The only information Foraxi has provided in their displayed contact information is a Hong Kong address and a phone number located in the UK.
No information is provided regarding licenses or regulatory matters.
Our regulatory check with the Securities and Futures Commission (SFC) in Hong Kong and the Financial Conduct Authority (FCA) in the UK shows no sign of authorization of Foraxi in either country.

Why This Is Concerning

Foraxi is offering services and engaging in activities without proper registration, meaning there is no monitoring by an accepted related financial authority. Operating without registration exposes clients to high risk, as their funds are unprotected or insured through financial investment guarantees usually placed on regulated markets.

Key Takeaways from the Foraxi Review

No valid licenses in either Hong Kong or the UK
False claims of international expertise
High risk of unregulated Forex activity.

Based on our Foraxi review, this platform seems to be operating without any kind of authorization, leaving several questions regarding its legitimacy. Investors beware. We recommend alternate services that are regulated.

Victims’ Reviews & Experiences

Various traders have expressed disappointment with Foraxi Broker due to delayed or blocked withdrawals. Generally, users complain about the misleading nature of promises of profits being made and poor customer service. Complaints also highlight the opaque nature of the trading conditions, which leaves investors unsure if they are willing to deposit.

Know more about similar broker cases by checking the list of scam brokers.

Conclusion – Should You Trust Foraxi?

Based on the findings above, extreme caution is advised when dealing with Foraxi. The absence of regulation, lack of transparency, and ongoing user complaints indicate that this broker poses a serious risk to investors. Always prioritize safety and verify the legitimacy of any financial platform before investing.

FAQs (Frequently Asked Questions)

Q1: Is Foraxi Broker regulated?

A: No, presently, Foraxi.com Broker is not regulated by any financial authorities.

Q2: Can I withdraw my funds safely from the Foraxi broker?

A: Many users report having issues withdrawing their funds; therefore, there is a high risk involved.

Q3: How can I report Foraxi Broker for fraud?

A: You can report suspicious activity via financial watchdogs and use a platform like Skyrecoup to receive assistance.

Q4: Is it possible to recover my money from the Foraxi broker?

A: Yes, there are fund recovery services like Skyrecoup, which help victims reclaim their investments.

Recover Your Funds with Skyrecoup

If you’ve been a victim of Foraxi.com Broker or any other fraudulent platform, Skyrecoup can help.

Skyrecoup is a global leader in chargeback and fund recovery services, specializing in Forex, Crypto, Binary Options, and online trading scams. With one of the industry’s highest success rates, we are committed to confronting scammers and recovering your hard-earned money.