Roxterr: company reviews in 2022

• Categories: CFD-Brokers

Expert Review of Roxterr: All for the Customer or Deception?

At Roxterr, they adhere to a policy of reaching the maximum number of potential clients, offering opportunities for both active and passive income. They also promise to provide training for beginners and offer qualified support through customer support. This sounds attractive, but many questions remain unanswered. There are no reviews about this company, nor are there any expert reviews. It is necessary to investigate what Roxterr represents and whether it is worth registering on their platform.

Assessment of the Roxterr Website: Detailed Analysis

The Roxterr website is available in two languages: English and Russian. However, it should not be assumed that it is particularly convenient to understand the terms of cooperation. Firstly, the amount of information here is quite limited. And secondly, the company has deliberately not translated internal documents containing the main aspects of interaction with the administration.

The company does not disclose how long it has been in operation. They invite everyone to join a rapidly growing brand. A check through Whois is intended to clarify why the broker does not show its tenure and cannot boast reviews from real clients. It turns out that the domain was registered only in May 2022. This is a new project that has not yet caught the attention of traders and regulators.

The contact information on the platform is not fully provided. You can only contact customer support via email. Additionally, the company lists a legal address in the offshore jurisdiction of Saint Vincent and the Grenadines. This type of data is often used by financial fraudsters.

A similar situation exists with an address in London, where completely different companies are located. No one in London has heard of Roxterr.

Validity of Service License

Roxterr positions itself as a regulated broker deserving of trust. However, the company does not provide copies of the registration certificate and license.

There is only a legal address in Saint Vincent and the Grenadines. As already discovered, this address is fictitious. Even if this turned out to be the real registration of Roxterr, it does not mean that we can talk about regulated activity. It is impossible to obtain a broker license in the islands. The official regulator’s website immediately points this out.

Regarding the office in the UK. If it really existed for Roxterr, in order to operate lawfully in the country, the company would have been required to register as a legal entity and obtain FCA permission. However, as seen in the screenshots provided, the broker has no confirmation to operate in the United Kingdom.

As for interaction with Russian traders, Roxterr has no intention of acting honestly. Even in the absence of reviews. Roxterr violates legislation and provides services without a license from the Central Bank of Russia (a key requirement of Forex law No. 460-ФЗ).

Advantages and Conditions for Clients

Novices are attracted to the platform with promises of nirvana. They promise online webinars and step-by-step instructions, but the pseudo-broker doesn’t even have an education section on the website! Another lure is the demo account, but the terminal is manipulated, facilitating the forging of profitable trading to persuade traders to switch to real investments.

The contract specifications on the platform are missing. The main conditions are as follows:

• initial deposit – $100,
• fast order execution,
• wide range of available instruments (over 300): access to trading currencies, metals, indices, and stocks,
• passive income through trade copying and affiliate program, contractual details need to be discussed with managers,
• spreads starting from zero,
• 24/7 customer support,
• minimal commissions,
• funds stored in segregated accounts,
• bank transfers, electronic payments, and cryptocurrencies offered for deposits and withdrawals (commission amounts and payout procedures not specified).

There are no reviews of Roxterr’s trading and financial responsibility yet. Considering the lack of legal grounds for operation, they do not even have access to the real market. The platform operates solely on fund attraction.

Client Reviews of Roxterr

At the time of writing this expert review, no reviews of Roxterr have been found. This is an ideal opportunity for scammers to deceive people. Be vigilant and do not fall for their tricks. If you have experience dealing with these fraudsters, please share it with other users. You can leave a review under this material.

Deception Scheme

Roxterr exploits the naivety and trust of newcomers who seek to learn trading and invest under the guidance of professionals. With minimal investments, scammers simulate successful trades to encourage investors to make new financial injections. Additionally, they may demand payment for insurance and charge high withdrawal commissions.

If refused, the company reserves the right to unilaterally terminate the agreement. If the trader continues to trust these tactics, scammers will continue to lure them into new investments. Until the person realizes the essence of the schemes, they may end up losing a significant amount of money.

Final Conclusion

Collaborating with Roxterr threatens to leave you without finances. Offshore scammers use various deception schemes targeting trusting individuals who do not verify the information on the website and do not engage in legal verification. The absence of reviews suits the liars, as they can easily deceive traders. Stay vigilant, as scammers will not miss the opportunity to fleece you!