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ParoxFX.com: Review of a Scam Broker to Avoid

Started by Admin, Apr 08, 2025, 06:02 PM

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ParoxFX.com actively disguises itself as a trustworthy broker, but behind the polished facade lie serious issues. Users from various countries increasingly report non-payment of funds, manipulation on the platform, and fraudulent schemes. Traders are lured in with promises of high returns, only to end up with locked accounts and total disappearance of support. The reputation of ParoxFX is rapidly deteriorating, and all signs indicate that the broker is not fulfilling its obligations to clients.

Forex Trading Platforms of ParoxFX


ParoxFX.com does not provide access to reliable trading platforms like MetaTrader 4 or 5. Instead, traders are forced to use a dubious web-based platform developed by the broker itself, without proper certification or transparency. Users report the following issues:

  • Non-functional stop losses.
  • Platform freezes during market news.
  • No order history available.
  • Suspicious slippage and "fabricated" charts.

These are all signs of possible price manipulation, making trading with ParoxFX nearly impossible and extremely dangerous for your deposit.

Account Types and Trading Conditions


The broker's website claims to offer "various account types," but provides no specifics. In reality, all accounts are treated the same — with aggressive calls from "managers" and constant pressure to deposit more money. Clients report:

  • Impossible to switch account types.
  • Bonuses block withdrawals.
  • Extra "processing" or "tax" fees are required for withdrawal attempts.

Unlike licensed brokers, ParoxFX does not disclose fees, spreads, or swap rates — everything is handled "manually", often to the client's disadvantage.

ParoxFX Website


At first glance, paroxfx.com looks modern, but don't be fooled — beneath the design are multiple red flags. Website issues include:

  • No licenses or legal documents provided.
  • No real registered business address.
  • One-way communication — support doesn't respond to emails or live chat.
  • No clear user agreement terms.

The site lacks two-factor authentication, and "security" is only mentioned in words. There are concerns that user data may be collected for further fraudulent use.

Mobile Application


At the time of writing, ParoxFX does not have an official mobile app in the App Store or Google Play. If you find an APK file online — do not install it, as it may be malware.

Some users report receiving a so-called "mobile terminal" via email — after installing it, funds were allegedly withdrawn from their devices or data was stolen.

What Security Measures Does ParoxFX Use? None.


ParoxFX.com shows no signs of caring about client safety. On the contrary, everything the broker does seems aimed at taking your money and disappearing.

  • No encryption on the website.
  • No regulatory body to report them to.
  • No refund policy.

All "managers" use fake names and phone numbers.

Withdrawals


This is where the real nightmare begins. Almost all reviews about ParoxFX mention the inability to withdraw funds:

  • Requests "pending" for weeks.
  • Users are asked to pay an additional 20–30% to proceed.
  • Accounts are blocked without explanation if the client refuses.

It's clear that withdrawals are not actually possible, and all deposits are a one-way ticket.

Conclusion: ParoxFX.com Is a Scam, Not a Broker


ParoxFX.com is not a regulated intermediary but a financial trap for unsuspecting traders. What appears to be an investment platform is actually an organized scheme to steal money, and their behavior proves it — from false marketing to outright refusal to process withdrawals.

If you have been scammed, please contact us at admin@forum2.pl