Barox International has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I want to warn everyone about Barox International. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The spread at Barox International is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Easy to use platform|Responsive team
Cons: No crypto staking
The so-called education at Barox International is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: Instant funding|Good mobile app|Transparent fees
Cons: None so far|No dark mode on mobile
Customer support at Barox International seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Fast execution|Educational resources|No hidden fees|Regular updates
Cons: Spreads widen during volatile periods|Alert system is basic
I have been trying to close my account with Barox International for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Multi-currency support|Good mobile app|Clear documentation
Cons: Cannot customize dashboard fully|Minor UI glitches occasionally