Warning: Is RoxyTrade a Scam?

Review: RoxyTrade (roxytrade.com)

We reviewed RoxyTrade (roxytrade.com) and found disturbing details.

RoxyTrade presents itself as a investment firm, but it is currently unregulated by any credible authority, like the ASIC or CySEC.

Scammed by RoxyTrade?

If you think you were defrauded by RoxyTrade, act immediately. Submit the inquiry below to talk to our recovery team for a no-obligation assessment.

Can You Trust RoxyTrade?

Our check shows that RoxyTrade does not hold a valid license.

Investing with unregulated firms is very unsafe. Real firms are always authorized with bodies like the FINRA or FCA for your protection.

RoxyTrade lacks this protection. This means there is no protection if they keep your funds. Most online scams involve unlicensed actors, and getting back funds from them is hard without expert assistance.

For example, in the UK, unauthorized firms are not covered by the compensation schemes. In America, they are not members of regulatory bodies, meaning your money is completely exposed.

Common Scam Tactics

Online trading fraud is evolving. Fraudsters use social engineering to steal wealth. Here are common tactics seen in brokers like RoxyTrade (roxytrade.com).

The "Romance" Trap

The "Romance Scam" is a brutal tactic where scammers build trust over months. They build a relationship on social media. Once trust is built, they introduce a special investment. It's a trap to lure you onto a scam site like RoxyTrade.

Rigged Platforms

Scammers create websites that look exactly like legit trading apps. You see graphs and profits that go up. But it is a fake. The broker manipulates the prices to convince you so you invest more. If you ask for a payout, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" you don't know.
• No License: The company has no authorization.
• Guaranteed Profits: They promise huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" push you to invest bigger amounts.

Ignore positive ratings. Scammers often post their own positive reviews to appear real.

Verdict

Our verdict is to avoid RoxyTrade. It appears to be a scam. Save your funds and use a regulated broker. Avoid roxytrade.com at all costs.