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Fxboxsignals is a website that claims to provide forex signals, trading education, and account management services to traders. The website claims to have over 10 years of experience in the forex market and to have a team of professional traders and analysts. However, these claims are false and misleading, as fxboxsignals is an unregulated scam that has been blacklisted by the ASIC, the financial regulator of Australia. Fxboxsignals operates under several aliases, such as Ameriultratrade and fxboxsignals LLC, and uses fake testimonials and reviews to lure unsuspecting customers.
Regulation and Compliance:
One of the most important factors to consider when choosing a forex signal provider or a broker is their regulation and compliance status. Regulation ensures that the provider or broker follows the rules and standards of the financial industry and protects the interests and rights of the customers. Compliance means that the provider or broker adheres to the laws and regulations of the jurisdictions where they operate and offer their services. Fxboxsignals fails on both counts, as it is not regulated or licensed by any reputable authority, and does not comply with the laws and regulations of any country. In fact, fxboxsignals has been blacklisted by the ASIC, which issued a warning against it on 29 November 2021. The ASIC stated that fxboxsignals is not authorized to provide financial services in Australia and that it may be involved in a scam. The ASIC also advised the public to avoid dealing with fxboxsignals and to report any suspicious activities to them.
Another way to assess the credibility and reputation of a forex signal provider or a broker is to look at their customer reviews and feedback. Customer reviews can provide valuable insights into the quality of the services, the performance of the signals, the customer support, and the overall satisfaction of the customers. However, customer reviews can also be manipulated and fabricated by scammers to create a false impression of legitimacy and trustworthiness. Fxboxsignals is one such example, as it uses fake reviews and testimonials on its website and social media platforms to deceive potential customers. These reviews are either written by paid actors or bots or copied from other sources without permission. They are full of exaggerated claims and unrealistic results, such as making thousands of dollars in a few days or weeks with fxboxsignals. These reviews are not verified or backed by any evidence, such as trading statements or screenshots. Moreover, these reviews are contradicted by the numerous complaints and negative feedback from real customers who have been scammed by fxboxsignals. These customers report losing their money to fxboxsignals, being unable to withdraw their funds, being harassed by phone calls and emails, being pressured to deposit more money, being denied access to their accounts, and being ignored by customer service.
Products and Services:
Fxboxsignals claims to offer three main products and services: forex signals, trading education, and account management. However, none of these products and services are reliable or trustworthy, as they are part of the scam scheme of fxboxsignals. Forex signals are supposed to be trading recommendations that tell customers when to buy or sell a currency pair at a specific price and time. However, the signals provided by fxboxsignals are not based on any analysis or strategy but are randomly generated or copied from other sources. The signals are often inaccurate, outdated, or incomplete, leading to losses for the customers. Trading education is supposed to be a learning resource that teaches customers how to trade forex successfully. However, the education provided by fxboxsignals is not educational at all, but rather a sales pitch that tries to convince customers to sign up for their account management service. The education consists of basic and generic information that can be easily found online for free, such as what is forex, how to use a trading platform, what are pips and lots, etc. The education does not teach any skills or strategies that can help customers improve their trading performance or profitability. Account management is supposed to be a service where fxboxsignals trades on behalf of the customers using their funds. However, this service is a way for fxboxsignals to steal money from customers. Fxboxsignals asks customers to deposit money into an unregulated broker account that they control and then trade recklessly or dishonestly with it. Fxboxsignals either lose all the money in bad trades or transfer it to their accounts without the customers’ knowledge or consent. Fxboxsignals then prevent customers from withdrawing their money or accessing their accounts.
Fxboxsignals does not disclose its location or contact details on its website or social media platforms. This is a common tactic used by scammers to avoid detection and accountability. Fxboxsignals only provides an email address and a phone number, but these are not reliable or responsive. Customers who try to contact fxboxsignals by email or phone either receive no reply or encounter rude and unprofessional representatives who refuse to help or answer any questions. Fxboxsignals also uses different names and addresses to hide its identity and location, such as Ameriultratrade, fxboxsignals LLC, fxboxsignals, etc. These names and addresses are either fake or belong to other entities that have nothing to do with fxboxsignals.
Fxboxsignals claims to have 24/7 customer service that is ready to assist customers with any issues or inquiries. However, this claim is false and misleading, as fxboxsignals has very poor and unresponsive customer service that does not care about the customers at all. Customers who try to contact fxboxsignals by email or phone either receive no reply or encounter rude and unprofessional representatives who refuse to help or answer any questions. Customers who have issues with their accounts, such as withdrawal requests, account access, trading performance, etc., are either ignored or harassed by fxboxsignals. Fxboxsignals does not provide any support or guidance to customers but rather tries to pressure them to deposit more money or sign up for their account management service. Fxboxsignals also blocks or deletes any negative comments or feedback from customers on their website or social media platforms.
Is Your Money Safe in an unregulated company?
The answer is no. Your money is not safe in an unregulated company like Fxboxsignals. Unregulated companies are not bound by any rules or standards of the financial industry and do not protect the interests and rights of the customers. Unregulated companies can operate in any way they want, without any oversight or accountability. They can lie, cheat, manipulate, and scam customers without any consequences. They can also disappear with your money at any time, without leaving any trace or recourse. If you deposit money with an unregulated company like fxboxsignals, you are risking losing all your money and having no way to recover it.
Fxboxsignals is a scam that should be avoided at all costs. Fxboxsignals is not a legitimate forex signal provider or a broker, but an unregulated fraud that has been blacklisted by the ASIC. Fxboxsignals does not provide any valuable products or services but rather tries to steal money from customers using fake reviews, testimonials, and promises. Fxboxsignals does not care about the customers at all but rather treats them as cash cows that can be exploited and discarded. Fxboxsignals does not have any location or contact details but rather hides behind different names and addresses to avoid detection and accountability. If you are looking for a reliable and trustworthy forex signal provider or a broker, you should stay away from fxboxsignals and look for a regulated and reputable one instead.