Score
Sinox FX
United Arab Emirates|2-5 years| http://www.sinoxfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Arab Emirates
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
sinoxfx.com
Server Location
United States
Website Domain Name
sinoxfx.com
Server IP
148.72.40.90
Company Summary
| Registered in | United Arab Emirates |
| Regulated by | No effective regulation at this time |
| Year(s) of establishment | 2-5 years |
| Trading instruments | FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies. |
| Minimum Initial Deposit | $50 |
| Maximum Leverage | 1:1000 |
| Minimum spread | 0.0 pips onwards |
| Trading platform | MT5 |
| Deposit and withdrawal method | cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill |
| Customer Service | Email/phone number/address/live chat |
| Fraud Complaints Exposure | Yes |
General information and regulations of Sinox FX
Registered in the United Arab Emirates, Sinox FX is an online forex broker providing access to more than 120 trading instruments, including Forex, Metals, Indices, CFD products through the advanced MT5 trading platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies.....Sinox FX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Sinox FX. we noted that shares trading is currently unavailable.
Spreads and commissions for trading with Sinox FX
In the case of Sinox FX, spreads and commissions depend on the instrument and the account. Let's take a silver account as an example. Minimum spreads are about 2.5 pips and commission is described as low.
Account Types for Sinox FX
Demo Account: Sinox FX provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Sinox FX offers a total of Sinox FX account types: silver, gold, platinum, elite and raw. The minimum deposit to open an account is $50, $1,000, $10,000, $25,000 and $50,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a silver account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Trading platforms offered by Sinox FX
The MT5 trading platform features powerful charting capabilities, including over 50 different technical indicators and intraday analysis tools. Access from a variety of devices also makes trading easier for users.
Leverage offered by Sinox FX
Sinox FX offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
As for deposits and withdrawals, the company lists only a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc. The possible payment methods are cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill.
Educational resources
There is no education section on the Sinox FX website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with Sinox FX.
Customer support of Sinox FX
Below are the details about the customer service.
Language(s): English
Service Hours: 24/7
Email: support@sinoxfx.com
Phone Number: +971529626257
Register Address:71-75 Shelton Street, London, Greater London, United Kingdom
Office Address: 701, 7th Floor, Al Jawarah Building , near by ADCB bank Dubai U.A.E
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Users exposures on WikiFX
On our website, you can see that one user has reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of Sinox FX
Advantages:
High leverage
MT5
Sufficient information
Many instruments available
Demo account
Low initial deposit
Disadvantages:
Complaints
No effective regulation
Few deposit and withdrawal information
No MT4
Low educational resources
Frequent asked questions about Sinox FX
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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20fox
Russia
Replenished the account in May, made a profit. Applied for withdrawal from 05/31/2022 as a result, only promises so far.
Exposure
2022-11-03
xac
India
Good broker
Positive
2023-11-09
FX1280227352
Malaysia
I rate this broker because it performs well. Free Bonus and Fair spreads and leverage of choice. Quick deposit and withdrawal provided, and I do list it on my reliable brokers.
Positive
2023-02-23
刘思酉
Singapore
The trading conditions provided by Sinox FX are very attractive, and you can open an account with as little as $50! But my friend stopped me, she said don't deal with companies without regulatory license, they are probably scammers...
Positive
2022-12-16