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BoxInvesting Review - is it scam or safe?

BoxInvesting Review - is boxinvesting.com scam or good forex broker?

RATING: 1 / 0 REVIEWS BoxInvesting
BoxInvesting is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
Start  $250 1:500  N/A
Classic  $1 000 1:500 N/A
Premium  $5 000 1:500 N/A
Ultra  $20 000 1:500 N/A
VIP  $50 000 1:500 N/A

 

BoxInvesting offers its clients the above account types for trading in forex and CFDs on the Sirix platform. However, the broker has not presented clearly its trading conditions, so we are not sure how those accounts differ. Nonetheless, our main concern with BoxInvesting is the lack of valid forex broker license.

 

 

BoxInvesting Advantages

 

Sirix platform

Leverate’s Sirix is a solid choice of a trading platform. It has user-friendly interface and nice charting, but its most popular feature seems to be the social trading option. The software is available as desktop download, web-based version and mobile apps. Here is a screenshot of BoxInvesting’s web platform:

 

 

Click to view larger.

 

Tight spreads

As you can see from the above image, the benchmark EUR/USD spread on BoxInvesting’s Sirix is as low as 0.6 pips. Probably some commission also applies, but we are not sure about that as we could not register a demo account with the broker, but only logged in as a guest.

 

Note that the trading costs of a forex broker are not the most important criterion for comparison and evaluation. Instead, it is the company’s regulatory status and reliability, as the security of your investment depends on it.



>> Compare the spreads of some of the best brokers <<

 

 

Various CFDs available

BoxInvesting also seems to have a very rich and diverse product portfolio. Apart from forex, its clients are offered various CFDs – on commodities, precious metals, indices, stocks and Bitcoin. 

 

 

BoxInvesting Disadvantages

 

Limited and contradicting corporate information. Not regulated

BoxInvesting is allegedly operated by Software and Media LTD., a company registered offshore, on the Marshall Islands. However, in some of the legal documents uploaded on the broker’s website, there is another company name present – Boxinvesting Limited. Whichever of the two companies (or none of them, who knows) operates BoxInvesting, it is not under the oversight of any financial authority.

 

Those of you who are new to trading might not be aware, but most offshore and/or unregulated brokers actually run investment scams. So, our best advice is to avoid them and deal only with brokers licensed by respectable financial regulators like ASIC in Australia or the FCA in the UK.

 

Unrealistic statistics of winning clients

According to the information on BoxInvesting’s website 73% of their customers earn in the first trading month. Such unrealistic statistics and promises are yet another worrisome sign, typical for scam brokers.

 

 

As of August last year European brokerages are obliged to disclose the percentage of their clients who lose and these go as far as 70% - 80%.

 

MT4 unavailable

Generally speaking, Sirix is not a bad platform, but many will surely miss the industry’s leading MetaTrader4 (MT4). A lot of traders prefer the MT4 for its great functionality: superior charting, fast order execution, the ability to handle many instruments at the same time, the MQL marketplace, and the automated trading bots (EAs).

 

 

>> Find the best MT4 brokers <<

 

 

Conclusion

 

BoxInvesting is an offshore forex broker, which is not overseen by any financial regulatory agency. On top of that, its corporate background and trading conditions are not all that clear, which inclines us to suspect that it might be one of the many con-artists on the forex market.

 

As usual, our best advice in such cases is, don’t deposit any money with any such unreliable broker operating without a license. Instead, select among companies authorized and regulated by some reputable governmental agency, like the UK’s Financial Conduct Authority.

 

 

>> trade with a FCA-regulated forex broker <<

 

 

Let’s sum up the key positive and negative sides of BoxInvesting:

 

Pros Cons
Seemingly tight spreads Minimal info on the company, no regulation
Sirix platform Unrealistic statistics of winning clients
Wide range of tradeable assets MT4 unavailable

 

Latest news about BoxInvesting
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Traders` reviews for BoxInvesting

Spread

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