RaxoFX is an offshore Forex and CFDs broker that offers to trade on the good old MetaTrader 4. The company is owned and operated by Raxo Limited.
Is RaxoFX A Regulated Broker?
As per our investigation, RaxoFX is neither regulated by CySEC in the European Union nor by ASIC in Australia. We sew that it is not a licensed broker. And more about the broker, its official website is suspended.
Is It Safe To Invest With RaxoFX?
Being an unregulated firm, it is not reliable and also abuses the regulations. As the owner details are unknown to us, it is not at all safe investing money with this broker. It simply uses the information of various regulated and licensed firms to run its company. Hence, we strictly recommend avoiding this firm.
How To Recover Your Scammed Money By RaxoFX?
In case you have been scammed by RaxoFX, you can file a complaint against it to any of the funds recovery companies listed by us. They will help you to get your money back.