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Is ROFX a Scam Broker?
This broker review is easier than many others because ROFX is an example of a scam broker that has gotten caught. As of autumn 2021, ROFX is the target of a class-action suit filed by former clients who claim they lost millions of dollars. ROFX showed many of these clients initial returns through their automated platform, but the platform is fake and the returns were nothing more than numbers. In the end, ROFX did not release funds to customers.
Is ROFX a Scam or Legit Broker?
ROFX is an unregulated broker that did not actually trade on behalf of clients. The platform was nothing more than a video game. Clients thought they were making money and that led them to fund their accounts with more money. However, when they asked for a withdrawal, the brokers stopped communicating. When brokers disappear, that is often the sign of fraud.
Here are some problems we have discovered from our research on ROFX and reviews:
- No license
- Target of a lawsuit
- False guarantees of returns
- Does not allow withdrawal
- Fake automated platform
Our experts do not recommend ROFX. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by ROFX
or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.