ANSWER Dear Investor,
NoxWealth is suspected to be a fraudulent broker due to its lack of valid regulation and regulatory warnings.
It does not provide any valid regulatory information and merely claims to be an Australian broker. Consequently, we searched the register of the Australian Securities & Investments Commission(ASIC) but found no relevant information. This indicates that NoxWealth is illegally conducting financial activities without authorization from local regulatory authorities. Besides, the Financial Conduct Authority (FCA) issued a warning against NoxWealth, believing this company might be providing financial services or products without proper authorization in the United Kingdom.
Based on this, we can conclude that NoxWealth is highly likely to be a scam trading platform. Please do not fall for promises of high short-term returns, as these are typical characteristics of a Ponzi scheme. We strongly advise you to avoid NoxWealth and all similar platforms.
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