Doex Broker Review
Investors Alert DOEX – is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec
Introduction:
Online trading can be a lucrative and exciting activity, but it also comes with risks and challenges. One of the most common dangers is encountering fraudulent brokers or platforms that promise high returns, low fees, and easy access to the markets, but in reality, they are only after your money. DOEX is one of these platforms that has been recently flagged by the Autorité des marchés financiers (AMF), the financial regulator of France, as an unauthorized entity that is not allowed to provide investment services or solicit investors in France or any other jurisdiction.
Products and Services:
DOEX claims to be a global leader in online trading, offering various products and services, such as forex, stocks, commodities, indices, cryptocurrencies, CFDs, and binary options. It also claims to have a state-of-the-art trading platform, a team of professional analysts and advisors, a comprehensive education center, and 24/7 customer support. However, these claims are not backed by any evidence or verification. DOEX does not disclose any information about its legal status, ownership, location, or regulatory license. It also does not provide any terms and conditions, risk disclosure, or privacy policy on its website.
Financial institution & regulatory license:
According to the AMF warning, DOEX operates under three different domain names: doexgf.co, doex.digital, and doex.ltd. However, none of these websites belong to a financial institution that is authorized to provide investment services or products in France or any other country. The AMF also warns that DOEX may be using false or misleading information to attract investors and that it may be involved in fraudulent activities, such as identity theft, money laundering, or unauthorized withdrawals. Therefore, the AMF advises investors to avoid dealing with DOEX or any other entity that is not registered or licensed by a competent authority.
Trader’s Reviews and Customer Service:
A quick search on the internet reveals that DOEX has received many negative reviews and complaints from traders who have used its platform. Many of them report that DOEX is a scam that does not allow them to withdraw their funds, manipulate their trades, charge hidden fees, or ignore their requests. Some of them also claim that DOEX has contacted them unsolicitedly by phone or email and pressured them to deposit more money or accept bonuses that come with unrealistic conditions. Moreover, DOEX’s customer service is reportedly unresponsive, rude, or nonexistent.
How do online trading scams operate:
Online trading scams are becoming more sophisticated and widespread in the digital age. They usually target inexperienced or vulnerable investors who are looking for easy ways to make money online. They use various tactics to lure them in, such as:
– Offering attractive returns with little or no risk
– Creating fake or cloned websites that look legitimate
– Using social media, online ads, or cold calls to promote their services
– Providing fake testimonials or endorsements from celebrities or experts
– Offering free trials, bonuses, or incentives to sign up
– Asking for personal or financial information
– Requesting initial deposits or fees
– Manipulating the trading platform or the market data
– Refusing to process withdrawals or closing accounts
– Threatening legal action or blackmailing
How to Safeguard Against Fraudulent Brokers:
To protect yourself from online trading scams, you should always do your due diligence before choosing a broker or a platform. Here are some tips to help you:
– Check the regulatory status of the broker or the platform. Make sure they are authorized by a reputable authority in your country or region.
– Verify the identity and the contact details of the broker or the platform. Avoid dealing with anonymous or offshore entities.
– Read the terms and conditions, the risk disclosure, and the privacy policy carefully. Understand your rights and obligations as a trader.
– Avoid offers that sound too good to be true. Remember that there is no such thing as a guaranteed profit or a risk-free investment.
– Be wary of unsolicited communications or pressure tactics. Do not give out your personal or financial information to anyone you do not know or trust.
– Use secure payment methods and keep records of your transactions. Do not send money to unknown accounts or third parties.
– Monitor your trading account regularly and report any suspicious activity. If you encounter any problems or issues, contact your broker or the platform immediately.
– Seek professional advice if you need help. If you suspect that you have been scammed or defrauded, contact your local authorities or consumer protection agencies.
Conclusion:
DOEX is an online trading platform that has been warned by the AMF as an unauthorized entity that may be involved in fraudulent activities. It claims to offer various products and services but does not provide any information about its legal status, ownership, location, or regulatory license. It also has many negative reviews and complaints from traders who have used its platform. Therefore, you should avoid dealing with DOEX or any other entity that is not registered or licensed by a competent authority. You should also follow the tips above to safeguard yourself from online trading scams and to make informed and responsible trading decisions.
