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No Regulation
Score
1.09 /10
Danger
MEOX GROUP
Within 1 yearSuspicious Regulatory License
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index3.74
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| MEOX GROUP Review Summary | |
| Found | 2021 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No Regulation |
| Market Instruments | Forex Pairs, Stock, Indices, Cryptocurrenciesand Commodities |
| Demo Account | ❌ |
| Trading Platform | MEOX GROUP Trading Platform |
| Leverage | 1:500 |
| Minimum Deposit | / |
| Customer Service | Online Chat, Phone, Email |
MEOX GROUP Information
MEOX GROUP is an unregulated United Arab Emirates registered broker founded in 2021. It provides five kinds of trading instruments with maximum leverage of 1:500.
Pros and Cons
| Pros | Cons |
| Educational Resources | Lack of Legal Regulation |
| Multiple Trading Choices | No Demo Accounts |
| Comprehensive Customer Service Channels | Limited Info on Fees |
Is MEOX GROUP Legit?
MEOX GROUP is currently not under any legal regulation. The company claims to be regulated and authorized by the Cyprus Securities and Exchange Commission, but this information appears to be fabricated. Therefore, it is advisable to conduct a thorough investigation before engaging in any trading activities with MEOX GROUP.
What Can I Trade on MEOX GROUP?
MEOX GROUP offers more than 1000 types of trading tools, including forex pairs, stocks, indices, commodities (metals), and 47 types of cryptocurrencies (Bitcoin, Dash, Ethereum, Litecoin, Monero, etc.)
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Mutual Funds | ❌ |
| Bonds | ❌ |
Trading Platform
MEOX GROUP supports you to trade on its proprietary platform. However, globally leading and professional platforms such as MT4 or MT5 are not available through MEOX GROUP. Therefore, you are advised to be caution and refrain from depositing funds into this unfamiliar trading platform.
| Trading Platform | Supported | Available Devices |
| MT5 | ❌ | / |
| MT4 | ❌ | / |
| MEOX GROUP Trading Platform | ✔ | computer and phone |
Customer Service
| Contact Options | Details |
| Online Chat | 7/24 |
| Phone | +36 70 316 9408 |
| support@meoxltd.com | |
| Physical Address | Reef Tower — Office 402 Cluster O Jumeirah Lake Towers — Dubai |
| Supported Language | Russian |
| Website Language | Russian |
The Bottom Line
MEOX GROUP is a forex broker that supports trading in five types of instruments. It provides comprehensive customer service channels. However, MEOX GROUP lacks a legal regulatory license, so you are advised to avoid trading with this broker.
FAQs
Is it safe to trade with MEOX GROUP?
No, trading with MEOX GROUP is unsafe given the lack of legal regulation.
What security measures does MEOX GROUP have in place to protect my funds and personal information?
MEOX GROUP stores your funds in a separate bank account in accordance with regulatory requirements.
What is the maximum leverage offered by MEOX GROUP?
The maximum leverage is 1:500.
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