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SINOFX -

Score

1.51 /10
Danger

SINOFX

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://en.sinofx.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.03

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

SINO INTERNATIONAL LIMITED

Company Abbreviation

SINOFX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Mingliang Song cheated in the live streaming again, using hedging to cheat money by renting servers

Their servers were rented.

JUNYANG
2021-02-04 21:28
Others

The position cannot be closed, and the previous pending order cannot be cancelled, but it is available to trade

The open position cannot be closed, and it keeps being rejected. The previous pending order cannot be cancelled, but it can be traded at a certain point. The customer background login system URL cannot be opened.

PIAOPIAO
2021-08-05 01:27
Scam

Mingliang Song and his group cheat people

They led people to invest in the live streaming but made people lose money maliciously. They used to use mail server but now the server was changed. But they are not regulated. I hope you can close this fraud broker to avoid them cheating people

JUNYANG
2021-02-07 07:06
SINOFX · Company summary

Note: SINOFX's official website: https://en.sinofx.com is currently inaccessible normal.

SINOFXReview Summary
Founded2015
Registered Country/RegionUnited States
RegulationNot regulated
Market InstrumentsCurrency pairs, commodities, indexes, stocks
Demo Account/
Leverage/
SpreadFrom 0.0 pips
Trading PlatformMT5
Min Deposit/
Customer SupportEmail: cs@sinofx.com

Founded in 2015, SINOFX is an online forex broker registered in the United States, offering a series of trading instruments, including currency pairs, commodities, index, stocks, and more through the MT5 trading platform.

As SINOFX's official website couldn't be accessible, we were unable to obtain more information. Further details about its leverage, trading fees, minimum deposit, and more cannot be found anywhere.

SINOFX is operated by SINO INTERNATIONAL LIMITED, and this company does not hold any regulatory license to prove that it is legally operates.

Pros and Cons

Pros Cons
Various trading assetsInaccessible website
Popular trading platform MT5Not regulated
Lack transparency
Only email support

Is SINOFX Legit?

No, SINOFX operates without regulation. Traders should be cautious because SINOFX is not supervised by any financial authorities.

no regulation

What Can I Trade on SINOFX?

Tradable Instruments Supported
Currency pairs✔
Commodities ✔
Indexes✔
Stocks ✔
Cryptocurrencies❌
Bonds❌
Options ❌
ETFs❌

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5✔Mobile, Web and DesktopExperienced traders

News

NewsNegative Reviews: Clients Reveal SINOXFX is a Scam

A good rule of thumb is to carefully review all the forex companies for that matter before you start any transaction.

WikiFX
2023-01-23 14:51
Negative Reviews: Clients Reveal SINOXFX is a Scam
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User Reviews

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User comment

3

Comments

Write a review

FX1449580808
more than one year
Phew, that was close! This broker tried to deceive me by claiming to be a regulated and trustworthy broker, but I had already seen many negative reviews about them online, including their unethical practices, such as manipulating prices, delaying withdrawals, and even stealing clients' funds. I strongly advise others not to trade with SINOFX and to be cautious of such fraudulent brokers.
Phew, that was close! This broker tried to deceive me by claiming to be a regulated and trustworthy broker, but I had already seen many negative reviews about them online, including their unethical practices, such as manipulating prices, delaying withdrawals, and even stealing clients' funds. I strongly advise others not to trade with SINOFX and to be cautious of such fraudulent brokers.
Translate to English
2023-03-28 09:18
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马汇总部
more than one year
Stay away from SINOFX! It is an unregulated scam firm that has gone offshore! The website is no longer open, and customer service cannot be contacted. Be careful when choosing a broker!
Stay away from SINOFX! It is an unregulated scam firm that has gone offshore! The website is no longer open, and customer service cannot be contacted. Be careful when choosing a broker!
Translate to English
2022-11-30 17:40
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