Linoxx is a Contract for Difference (CFD) broker officially registered on October 5, 2023. This broker primarily provides users with access to numerous trading markets through trading platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea, among others.
Company Registration Information and Regulatory Status:
Public information on the Linoxx official website shows that its registered business entity in the Seychelles is Raw Trading Ltd, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD018.
Upon verification, the Seychelles Financial Services Authority (FSA) website indicates that Raw Trading Ltd is the business entity of broker IC Markets registered in Seychelles, with authorized websites being https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, Linoxx is identified as a counterfeit IC Markets scam website.
Additionally, the website design of this broker is identical to that of scam brokers such as Continentaloptionslive, ExpertSync, Limexx, Venosvista, Fenext, Elon-Mining, etc.
Opening an Account:
To open an account with Linoxx, visit the broker's official homepage and click on “Start Trading Now” or “Start Trading” at the top right corner to access the account registration page. Fill in personal information such as name, email address, phone number, and set a login password for submission. Once submitted, the account registration is successful.
Trading Accounts:
Linoxx offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round turn $6.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 2000 lots
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round turn $7.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spread: From 0.6 pips
- Minimum initial deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: MQL4
Trading Platforms:
Linoxx's official website claims to offer trading platforms such as MT4, MT5, and cTrader to its users, but it does not provide any related download links, and the broker named Linoxx cannot be found on these platforms.
Deposits and Withdrawals:
Linoxx supports deposits and withdrawals via credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows Encyclopedia warns investors that Linoxxt is actually a scam website that clones the broker IC Markets. Investors are advised to choose brokers who are transparent, strongly regulated, and have a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
