Is ROFX a Scam Broker?
ROFX is one of those scam brokers that actually gets caught. It is a blessing when this happens because it keeps other people from falling victim to fraudulent services. In October 2021, ROFX had its funds frozen and is the target of a class-action suit from customers who lost tens of millions of dollars. At first, they were impressed with their “robotically operated foreign exchange platform,” but it turned out that this was nothing more than a video game and no real trading was taking place.
Is ROFX a Scam or Legit Broker?
According to client complaints, they saw what seemed to be initial returns on the screen, but these were nothing more than numbers. When they asked to withdraw funds, ROFX either gave excuses, aggressively demanded more deposits or blocked the customers. It seems ROFX at least will pay the price.
Here are some problems we have discovered from our research on ROFX and reviews:
- Unregulated broker
- Subject of legal action
- False guarantees of returns
- Refuses to allow withdrawal
- Fake bots
ReportScamOnline has looked carefully at ROFX and determined that it is not a reliable broker. Do not open an account with this broker. If you have lost money to ROFX, consult with our professionals and provide details about your case. ReportScamOnline has a track record of successful fund recovery and will help you retrieve your funds.