RoxCapitals is an unregulated broker that we strongly advise against trading with despite the seemingly attractive deals it offers.
RoxCapitals claims to be located in the UK and has supposedly registered with the National Futures Association (NFA) under ID: 0554208. As per UK law, brokers are required to obtain authorization from the Financial Conduct Authority (FCA) before they can solicit investors. However, our search for RoxCapitals in the FCA register didn't yield any matching results, suggesting that RoxCapitals is offering financial services or products in the UK without proper authorization. Furthermore, according to the data from NFA, RoxCapitals is not an NFA member and thus is not supervised by the US financial watchdog.
Regarding your question, we strongly suggest you exercise extreme caution and have no further dealings with RoxCapitals. It is a scam coming with huge risks, such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, investors are encouraged to stay away from unregulated brokers like RoxCapitals and instead choose a fully regulated one.
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