Beware! Aroxtradeasset is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Aroxtradeasset is yet another scam company that offers gullible investors incredibly high returns on deposits -check what the most basic account tier with Aroxtradeasset can supposedly bring you:
There is no way that anyone can achieve such returns – no matter what they claim. And if you doubt that, just consider the fact that if Aroxtradeasset really could achieve these returns, it would not really need your deposits – instead, the people running it would simply take out loans and become millionaires without any middlemen.
What we are dealing with here is a bunch of scammers that try and extract deposits from people who don’t know any better. Make sure that you are not among that group – read the full review on Aroxtradeasset!
Aroxtradeasset regulation and security of funds
Aroxtradeasset lies about being incorporated in the UK and operating from the following address:
But the fact of the matter is that the regulatory body of the UK has created a very strict set of rules that Aroxtradeasset simply fails to abide – for one, the company advertises amounts of leverage the regulator has banned. What’s more, it advertises crypto derivatives – another activity, illegal in the UK.
What’s more, Aroxtradeasset has been providing its services to EU citizens without the approval of any of the Union’s regulators – and this has earned the broker a warning from the Spanish CNMV, exposing it as a scam:
Both the EU and the UK are among the strongest regulatory environments out there – with requirements for licensed brokers to report back on a daily basis on open and closed trades, to keep client accounts segregated and much more, trading with a company licensed in either jurisdiction is much better than using the services of Aroxtradeasset or another unlicensed broker!
Aroxtradeasset trading software
Aroxtradeasset does not allow for any form of trading to take place – and therefore providing a sophisticated trading platform like Metatrader 5 would be completely pointless.
Aroxtradeasset deposit and withdrawal methods and fees
We should mention that we were not able to open an account with Aroxtradeasset – we submitted our information, but got stuck in verification limbo, left to stare at the following page in perpetuity:
This means that we cannot know what deposit methods Aroxtradeasset accepts – but if we could hazard a guess, we would say that the company probably only accepts ones that do not allow for any form of chargeback, like Bitcoin deposits.
Similarly, we cannot know what the broker’s withdrawal policy is, but considering it is a scam, we do not expect it to be reasonable in any capacity!
How does the scam work?
Aroxtradeasset is a classic example of a passive income scam – the criminals that run these schemes market them on social media platforms as if they can achieve ridiculous profit rates. If someone decides to register with the company, they are asked for a phone number.
Once the scammers have that they start barraging their victims with calls around the clock. They demand one thing and one thing alone – money. And no amount the victim deposits is ever enough – the scammers want more and more. They are callous and manipulative and will try and get their hands on everything you own.
However, should you try and request a withdrawal, the scammers will cut you off and move on to other targets!
What to do when scammed?
Do you recognize the scheme outlined above? Have you been scammed by Aroxtradeasset? If yes, then you need to take the following steps ASAP to limit your losses:
First off, restore your privacy by recalling what forms of ID, credit cards and other such sensitive documents you gave the scammers access to and getting new ones issued. Also, remove any form of desktop sharing software they had you install on your PC – scammers love using TeamViewer to spy on their victims!
Once that is done, it is time to think about getting your money back – the best way to do so would be by contacting your bank and explaining what happened to you. However, if a recovery agency reaches out to you and offers you its services at the cost of an advance fee, do not fall for it – this is simply another scam. If you give that “agency” any money, you will only add to your losses!
Finally, consider telling us and the other readers about your experience with Aroxtradeasset using the comments section below – by doing so you will be helping us raise awareness of this model, which is the best way to combat the scam!