File a Complaint against ROFX
Is ROFX a Scam?
There is little doubt that ROFX is a scam broker. As of October 2021, ROFX has had its assets frozen and there is legal action taken against this broker by investors who have lost tens of millions of dollars. ROFX boasted of a “robotically operated foreign exchange platform” that would make guaranteed returns for clients through algorithms. This turned out to be a hoax. Instead, ROFX is nothing more than a Ponzi scheme and no trading was taking place.
Is ROFX a Scam or Legit Broker?
ROFX showed some initial gains for most of its clients, but these were just numbers on a screen because no actual trading was taking place. In spite of claiming that it was making money on behalf of clients with forex trading, the broker rarely allowed clients to access their funds and pocketed them instead. ROFX is a cautionary tale about unregulated brokers who make impossible guarantees.
Here are some problems we have discovered from our research on ROFX and reviews:
- Not regulated
- Fake automated trading and software
- Legal action against broker
- Clients were rarely allowed to withdraw money
- Guaranteed returns
ChargeBax experts have examined ROFX and have discovered that it is a scam broker. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.