WikiFX Review: Plz Stay Away From the SoarFX!!!

In the face of all kinds of financial frauds, are you still struggling with which dealer is trustworthy？ WikiFX can help you!!! Search on WikiFX before investing to avoid bad reviews of traders. Today WikiFX is going to talk about SoarFX with you and find out if this broker is reliable.

About SoarFX

SoarFX always set up as a financial derivatives broker which has been providing online forex, commodity，stock indices and related services for retail and institutional customers around the world.

SoarFX also claimed to be based in UK and licensed by the country financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

We can see from the figure above that the query result is quite negative –no company named “SoarFX” is shown on the Financial Conduct Authority. It clearly proves that SoarFX is not authorized by FCA but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Because you are unlikely to get your money back if things go wrong.

In addition, to get a better idea of SoarFX, WikiFX also paid a visit to its official website. SoarFX tries to convince us they are a legit and professional broker, but it turns out to be the opposite.

As we can learn from the screenshot above that the official site is completely anonymous, with no useful information other than three blue ICONS. This is absolutely nonsense as the UK does not allow any anonymous websites to offer financial products and services. Without access to the official website, we cannot know more about their basic information, such as software information and transaction conditions, let alone judge whether their regulations meet the standards of the financial industry. But such a humble website shows that SoarFX is running some sort of scam . SoarFX might have gone bankrupt and running away with investors money!

SoarFX did not specify the terms of the transactions. On its website, you can't see the minimum deposit, leverage, spread and other trading conditions, nor do you know the deposit method and withdrawal conditions. Anyway, all the specific terms of the deal you want to know are not mentioned here. Apparently, there's only one reason he's doing this – SoarFX 's trying to trick green hand to invest first, but it's hard to get your money out once you put it in.

Now let's search “SoarFX” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3781632237.html), SoarFX currently has no valid regulatory license and the score is rather negative - only 1.45/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Please note that WikiFX is also reminding the majority of users: low scores, please stay away!

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

From all the above information we can know that trusting a broker like SoarFX is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is not authorized by the British financial authorities.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!