Safronix 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.
Do not believe the bonus offer from Safronix. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a trusted YouTuber reviewed them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast deposits|Fast support response|Instant funding|Multiple order types
Cons: Wait times can be long during peak hours
Opened my account with Safronix from a review site like this one and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Real-time alerts|Portfolio tracking tools
Cons: Charting tools need more indicators|Limited social trading features
I lost a significant amount because Safronix did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Educational resources|Segregated accounts|Regular updates|Instant funding
Cons: Withdrawal takes 1-2 business days
If you are reading this considering Safronix - run. I wish I had read more negative reviews after my brother mentioned them. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Good analytical tools|Economic calendar
Cons: Limited ETF selection|Limited social trading features
The hidden fees at Safronix are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Smooth onboarding|Personal attention|Professional team|Full transparency
Cons: Search feature is basic
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Safronix has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
I have been trying to close my account with Safronix 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: Professional team|Segregated accounts|Competitive fees
Cons: No crypto staking|Help articles are sometimes vague
Tried to withdraw my funds from Safronix and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials