SinoxFX Journal (Broker out of business)
| Journal status: closed SinoxFX <out of business |
SinoxFX Profile
Website
sinoxfx.com
Year
2016
Country
UK
Branches
1
Regulation
not regulated
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
MM, STP
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
5
LPs quality
Tier-1 Banks, Other
LPs names
ADSS, Barclays, IV Markets, LiteFinance, Swissquote
SinoxFX Accounts
MM
STP
Minimum Deposit
50 $
10000 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
2.6 pips
1.8 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
500 lots
500 lots
Margin Call
100 %
60 %
Stop Out
20 %
20 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Bitcoin, Ethereum, Tether, Skrill, Neteller
Base currency
USD, EUR, RUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 24 months
| Update broker |
Is SinoxFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: no
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is SinoxFX trusted?
- Information transparency: limited
★★ - Customer service: virtually non-existent
★ - SinoxFX website: semi-detailed, updated
★★★ - SinoxFX popularity (by visitor count): low visits
★★
How SinoxFX works
Note : Hedging and Scalping not allowed. Your trade should be hold for minimum 5 minutes.
https://www.sinoxfx.com/
Low spread and fast execution are great advantages for scalpers and day traders.
https://sinoxfx.com/company.php
4.11. Company can cancel orders handled
with obvious dealer’s mistake or fulfilled
according to non- market quotation.
4.12. In the case of quotation mistakes Company can cancel orders made by Client.
4.13. Company can recognize operations on the trade server as non-market, if there are objective reasons
4.19.The Company shall charge all Client’ trading accounts with an inactivity fee of 10 USD / 10 EUR / 600 RUB, or equivalent in another currency depending on the chosen account currency of the Client, every month on remaining account balance, where a Client has not placed any trade, or does not have any current open trades, for a period exc eedi ng 24 months, from the moment of the last trade on any of his trading accounts.
4.12. In the case of quotation mistakes Company can cancel orders made by Client.
4.13. Company can recognize operations on the trade server as non-market, if there are objective reasons
4.19.The Company shall charge all Client’ trading accounts with an inactivity fee of 10 USD / 10 EUR / 600 RUB, or equivalent in another currency depending on the chosen account currency of the Client, every month on remaining account balance, where a Client has not placed any trade, or does not have any current open trades, for a period exc eedi ng 24 months, from the moment of the last trade on any of his trading accounts.
https://www.sinoxfx.com/pdf/legaldocuments/client-agreement-en.pdf
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