Sinox FX is an offshore broker. Your money is not safe.
Regulation: No
Guaranteed funds: No
Segregated accounts: No
Minimum deposit: $50
Leverage: High (not clearly disclosed)
Spread: From 2.5 pips
Sinox FX claims to be a global online forex broker registered in the United Arab Emirates, offering access to more than 120 trading instruments, including Forex, metals, indices, CFDs, and cryptocurrencies. On the surface, the broker promotes advanced trading through the MT5 platform and multiple account types. However, once we look deeper, the reality raises serious concerns.
According to WikiFX, Sinox FX has a dangerously low score of 1.50/10, clearly warning users that this broker lacks valid forex regulation. Even more concerning, current data indicates that Sinox FX does not have active trading software, despite claiming to offer MT5.
Sinox FX regulation and safety of funds
Sinox FX makes several claims about its legitimacy, including being a registered company in the UK and having operations in the UAE. While a company named SINOXFX does appear in the UK’s Companies House, traders must understand one crucial fact: Companies House does not regulate forex brokers. It is only a business registry.
Any broker offering financial services in the UK must be authorized by the Financial Conduct Authority (FCA). We searched the FCA register and found no record of Sinox FX. This confirms that the broker is not legally allowed to provide trading services in the UK.
Sinox FX also lists an address in the United Arab Emirates. However, there are no matching records under the Central Bank of the UAE (CBUAE). This means Sinox FX is not supervised by any financial regulator in the UAE either.
In simple terms, Sinox FX is completely unregulated. Unregulated brokers are not required to follow rules that protect traders, such as keeping client funds in segregated accounts or participating in compensation schemes. If something goes wrong, traders have no legal protection.
Red flags you should not ignore
Another major warning sign is Sinox FX’s claim of having six years of experience, while its domain was only registered in 2021. This inconsistency strongly suggests misleading marketing.
There are also user exposure reports stating that withdrawals were requested but never processed. One trader reported depositing $1,243, making profits, and applying for withdrawal in May 2022—only to receive repeated promises with no payout. Withdrawal delays and excuses are common tactics used by scam brokers.
Sinox FX trading conditions
Sinox FX offers several account types: Silver, Gold, Platinum, Elite, and Raw, with minimum deposits ranging from $50 to $50,000. The Silver account reportedly has spreads starting at around 2.5 pips, described as “low.”
While these conditions may sound attractive, unregulated brokers often use appealing numbers to lure traders. In reality, traders risk losing far more than they gain when dealing with a broker that has no oversight.
Final verdict: Is Sinox FX safe?
No. Based on the lack of regulation, misleading claims, withdrawal complaints, and missing trading infrastructure, Sinox FX is a high-risk broker. Your funds are not protected, and there is no authority holding this broker accountable.
What to do if you’ve lost money
If you have already invested in Sinox FX and are facing withdrawal issues, do not give up. Visit Truclaim.tech to explore professional assistance options and understand possible next steps for fund recovery.
Take action now. Fill out a form to ask for a case review and get fund-recovery assistance.
Always choose regulated brokers. When regulation is missing, the risk is real—and often irreversible.
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