Beware! Autoxify is an offshore broker! Your investment may be at risk.
Autoxify.com Key Facts
🔴 Autoxify.com holds no license to sell financial products and services. Red flag!
🔴 Autoxify.com refuse to disclose important information about themselves. Red flag!
🔴 Autoxify.com is a recently registered website. Disturbing sign!
🔴 Autoxify.com uses the structure of a Ponzi scheme and creates unrealistic expectations. Red flag!
Autoxify.com registration, license and regulation
Autoxify.com lists no details about the company standing behind this scheme, which is an alarming sign. We found no license associated with this investment service, so it's an illegal entity operating on regulated markets without authorisation. It's most probably a scam given the nature of their business. They present a referral program and robot-trading with no negative outcome possible. Beware, they create unrealistic expectations. We urge traders and investors to avoid such shady entities and trade with duly authorized companies complying with the world’s different regulations.
Each broker presented in US have to be an NFA member and registered with CFTC.
The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.
The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.
Autoxify.com address and contacts
Autoxify.com doesn't reveal an address or a contact number. They deliberately hide their basic corporate information for they obviously have deceitful intentions. Traders and investors should stay away from entities hiding critical information about themselves. The legit investment companies are bound by the law to disclose their basic corporate details, so beware!
Autoxify.com website information
Autoxify.com was registered as a domain at 18.07.2020 by NAMECHEAP INC, so it's a newly developed website. It's located in the United States with an IP address 13.58.207.236, hosting no other websites. Autoxify.com uses privacy protection service to hide their ownership, so it's impossible to link this service to a company or individuals. It's a disturbing sign if people offering investment services are striving to remain hidden.
Alexa ranks Autoxify.com at 148.022 on 26 January 2021, but it was amongst the first 100 000 most popular websites in November 2020. It's relatively popular, and that's disquieting given the online allegations it's a Ponzi scheme. Beware.
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.