Can you use BoxInvesting broker without any problems?
There are so many untrustworthy brokers on the market that traders should stay away from. The problem is that it is hard to know which brokers are legit and recommended, and which aren’t.
This is why you should make sure that you are reading as many reviews about a broker as possible before making your final decision. With this review, you will find out everything about BoxInvesting brokers as possible. And, you will see that they might not be as reliable and trustworthy as what you might have thought.
BoxInvesting is forex and CFD broker. They do offer a couple of cryptocurrency pairs that traders can trade with. This is offshore brokers and situated in the Marshall Islands. The first sign that this is a broker that is riskier than other brokers.
They have published a valid physical address, telephone number, and email address. However, there isn’t any proof that this is legit and really the broker’s information. This is due to the fact that this is an offshore broker. Even if this is important to see if brokers have a valid address and telephone number, this isn’t the most important thing to consider.
Registration and regulation info
Using a broker that is registered and regulated is the most important thing that you should make sure about before you can use a broker. If a broker isn’t registered or regulated, this isn’t a legit broker and you should not use the broker.
BoxInvesting isn’t registered or regulated. Meaning that this is the one broker that you should not consider using. This is a high-risk broker, and there isn’t anyone that makes sure that the broker is staying legit. And, because this is an offshore broker, the risk is so much higher.
Different account and minimum required deposit information
BoxInvesting brokers are offering 5 different accounts. 5 different accounts that you can choose from that will be the best fit for your personal needs. They offer the start, classic, premium, ultra and VIP account.
The minimum required a deposit is a bit higher than what needs to be. It starts at $250 for the start account and is $50,000 for the VIP account. Making this a risk to lose a lot of money. Many might think that this isn’t a high amount to start trading with, however, because this is an offshore account, the risk is higher than normal.
The platform that they are using
Even if they are making use of a great platform, they aren’t making use of the best platform on the market. Most traders prefer to use the MT4 platform. This is because this platform is reliable, trustworthy and up to date at all times. Something that not many platforms have to offer.
It is important to make sure that you are familiar with the platform that the broker is offering before you are registering with the broker. And that the platform is one of the top platforms on the market.
They advertise and promise things on their website that is hard to believe. This isn’t possible that more than 75% of their traders have made a profit in the first month. No matter how great you are as a broker or trader.
This isn’t just possible to have this high success numbers and to say that you can be one of that 75% of traders that will make success in the first month. This is just a way to get traders to register with them and to start using them. It is important to know that this is actually a lie. If they can lie about this, what else are they lying about?
No demo account available
These brokers don’t offer a demo account. It is important to make use of a demo account before you can register and deposit real money into the account. This is to make sure that you are going to test the platform and other features of the brokers before you decide if you are going to use them or not.
Regulators are warning against using BoxInvesting
It is important to know that regulators are warning traders against using BoxInvesting brokers. This is because of different reasons. One of the reasons is because they are offshore brokers. They are also not registered and not regulated. Making it really risky to use them.
You need to consider what regulators are saying about brokers before you ignore these warnings. Some regulators are even blacklisting brokers because they shouldn’t be used by traders. This is why you should make sure that you know what regulators are saying about brokers like BoxInvesting before you make your final decision.
BoxInvesting looks like a great broker. Until you are doing a bit more research. Then, you find out that they are riskier than what you might have thought. It is important to make sure that you know everything about brokers before you register with them, and just start using them as brokers. You want to have the best possible chance of being successful as a trader, and using BoxInvesting isn’t going to give you that chance.