Sinox FX

Registered in	United Arab Emirates
Regulated by	No effective regulation at this time
Year(s) of establishment	2-5 years
Trading instruments	FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies.
Minimum Initial Deposit	$50
Maximum Leverage	1:1000
Minimum spread	0.0 pips onwards
Trading platform	MT5
Deposit and withdrawal method	cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	Yes

General information and regulations of Sinox FX

Registered in the United Arab Emirates, Sinox FX is an online forex broker providing access to more than 120 trading instruments, including Forex, Metals, Indices, CFD products through the advanced MT5 trading platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies.....Sinox FX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Sinox FX. we noted that shares trading is currently unavailable.

Spreads and commissions for trading with Sinox FX

In the case of Sinox FX, spreads and commissions depend on the instrument and the account. Let's take a silver account as an example. Minimum spreads are about 2.5 pips and commission is described as low.

Account Types for Sinox FX

Demo Account: Sinox FX provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Sinox FX offers a total of Sinox FX account types: silver, gold, platinum, elite and raw. The minimum deposit to open an account is $50, $1,000, $10,000, $25,000 and $50,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a silver account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading platforms offered by Sinox FX

The MT5 trading platform features powerful charting capabilities, including over 50 different technical indicators and intraday analysis tools. Access from a variety of devices also makes trading easier for users.

Leverage offered by Sinox FX

Sinox FX offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

As for deposits and withdrawals, the company lists only a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc. The possible payment methods are cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill.

Educational resources

There is no education section on the Sinox FX website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with Sinox FX.

Customer support of Sinox FX

Below are the details about the customer service.

Language(s): English

Service Hours: 24/7

Email: support@sinoxfx.com

Phone Number: +971529626257

Register Address:71-75 Shelton Street, London, Greater London, United Kingdom

Office Address: 701, 7th Floor, Al Jawarah Building , near by ADCB bank Dubai U.A.E

Social media: Facebook, Instagram, LinkedIn, YouTube, twitter

Users exposures on WikiFX

On our website, you can see that one user has reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of Sinox FX

Advantages:

High leverage

MT5

Sufficient information

Many instruments available

Demo account

Low initial deposit

Disadvantages:

Complaints

No effective regulation

Few deposit and withdrawal information

No MT4

Low educational resources

Frequent asked questions about Sinox FX

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.