Company Overview
Linexsox is a relatively new forex broker, having been founded in 2022. The company is headquartered in Vanuatu, a country with a lax regulatory environment. Linexsox is not regulated by any major financial authority, which is a red flag for potential clients.Does Linexsox Have Any License?
No, Linexsox does not have any license. The company claims to be licensed by the Financial Services Commission (FSC) of Vanuatu, but this is not true. The FSC has issued a warning against Linexsox, stating that it is an unregulated entity.Is Linexsox Regulated By Any Authority?
No, Linexsox is not regulated by any major financial authority. The company claims to be regulated by the Financial Services Commission (FSC) of Vanuatu, but this is not true. The FSC has issued a warning against Linexsox, stating that it is an unregulated entity.
Pros and Cons
Pros:
- Wide range of trading instruments
- Competitive spreads
- High leverage
Cons:
- Unregulated
- Poor customer service
- History of fraud
How Does Linexsox Reach To Their Prey?
Linexsox uses a variety of methods to reach potential clients, including:
- Online advertising
- Social media
- Cold calling
The company’s marketing materials often promise high returns and low risk, which is a common tactic used by scam brokers.
Technical Details
Minimum Deposit:
The minimum deposit required to open a trading account with Linexsox is $250. This is relatively low compared to other forex brokers. However, it is important to note that Linexsox is an unregulated broker, so there is no guarantee that your funds will be safe.
Trading Platform:
Linexsox offers its own proprietary trading platform. The platform is user-friendly and offers a variety of features, including:
- Technical analysis tools
- Real-time charts
- Market news
However, the platform has been known to glitch and freeze, which can lead to losses for traders.
Spread:
Linexsox offers competitive spreads on most of its trading instruments. However, the company also charges a commission on all trades.
Leverages:
Linexsox offers high leverage of up to 1:1000. This can be dangerous for inexperienced traders, as it can amplify losses.
Packages and Products They Offer
Linexsox offers a wide range of trading instruments, including:
- Forex
- CFDs
- Stocks
- Commodities
The company also offers a variety of trading accounts, including:
- Standard account
- ECN account
- VIP account
Withdrawal and Deposit Method
Linexsox offers a variety of deposit and withdrawal methods, including:
- Credit/debit cards
- Bank transfers
- E-wallets
However, the company has been known to delay or deny withdrawals.
What Do Their Previous Traders Say?
There are many negative reviews of Linexsox online. Previous traders have complained about poor customer service, delayed withdrawals, and fraudulent practices.
Summing Up- Why Should Not You Trust Linexsox
There are a number of reasons why you should not trust Linexsox. The company is unregulated, has a history of fraud, and has been known to delay or deny withdrawals. If you are looking for a reputable forex broker, there are many other options available.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by Linexsox, there are a few things you can do:
- File a complaint with the Financial Services Commission (FSC) of Vanuatu.
- Contact your bank or credit card company to see if you can reverse the charges.
- Contact a recovery service that specializes in helping victims of forex scams.
File A Complaint Against Scam Broker's
Final Thoughts
Linexsox is a scam broker that should be avoided. The company is unregulated, has a history of fraud, and has been known to delay or deny withdrawals. If you are looking for a reputable forex broker, there are many other options available.
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