Is Astronix Fund Legit or Scam?
The overwhelming evidence points towards Astronix Fund being a scam broker. Despite claiming to be regulated by FCA, ASIC, and CySEC, these regulatory bodies have no record of their license. The company’s domain has only been active since 2023, yet it boasts hundreds of reviews, many likely fabricated. Additionally, the company lacks transparency regarding key aspects like trading costs, software details, and withdrawal processes.
Company Overview
Broker status: | Unregulated |
Regulated by: | No regulations |
Operating Status: | Active trading scam |
Known Websites: | Astronixfund.com |
Blacklisted by: | N/A |
Owner: | Astronix Fund Management Ltd |
Headquarters Country: | UK (allegedly) |
Foundation Year: | 2023 |
Online Trading Platforms: | MT4/MT5 (allegedly) |
Mobile Trading: | N/A |
Minimum Deposit: | $300 |
Deposit Bonus: | Available up to 100% |
CFD Trading Option: | Yes |
Crypto Asset Trading: | Yes – BTC, ETH, LTC |
Available Trading Instruments: | Cryptocurrencies, Forex, Indices, Commodities, Shares |
Maximum Leverage: | N/A |
Islamic Account: | Not available |
Free Demo Account: | Not available |
Accepts US clients: | US clients are not accepted |
Our Experts’ Verdict: | Considering multiple unclear statements, especially about regulations, you can expect a variety of issues with this broker. In case you experience any withdrawal problems, don’t hesitate to contact our team for advice. |
Services or Products
- Astronix Fund claims to offer forex, commodities, indices, shares, and cryptocurrencies.
- They advertise MT4 and MT5 platforms, but no details or access are provided.
- A mobile trading app is mentioned, but download options are unavailable.
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Trading Platform & Leverages
- No demo account is offered, hindering the evaluation of features and services.
- Leverage information is absent, raising concerns about potential manipulation.
Spreads and Cost of Trading
- Astronix Fund remains opaque about trading costs, spreads, and commissions.
- This lack of transparency is a significant red flag for potential traders.
License and Regulations
- Legal Warning: Operating without proper licenses is illegal and exposes traders to significant risks.
- Astronix Fund’s claims of regulation are demonstrably false, putting your funds at risk.
- Deposit and Withdrawal Methods
- The company’s withdrawal process is unclear, potentially leading to difficulties in accessing your funds.
- Deposit methods might be limited, further restricting your options.
Astronix Fund Pros and Cons
Pros | Cons |
None identified | Unlicensed and unregulated |
Claims MT4 and MT5 platforms | No demo account, unclear details |
Offers various asset classes | Lacks transparency about trading costs and conditions |
Why Dealing With An Unlicensed Broker Is Risky
- Unlicensed brokers have no obligation to follow financial regulations, leaving your funds vulnerable.
- They may manipulate markets, engage in fraudulent activities, and refuse withdrawals.
- Regulatory bodies offer no recourse if you become a victim of their schemes.
Client Feedback
- While numerous positive reviews exist, their legitimacy is highly questionable.
- Negative reviews highlight issues with withdrawals, hidden fees, and unresponsive customer support.
How Can “Reviewsadvice” Help You If You Get Scammed?
If you have been scammed by this scam broker, you can contact us. You will receive a free consultation call. During this call, you will get some professional guidance and recovery service recommendations to help you recover the lost funds. You Can report to us today by the below form.Â
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Final Thought
Astronix Fund exhibits all the hallmarks of a scam broker. The lack of regulation, transparency, and concerning client feedback should serve as stark warnings. Avoid this platform and protect your finances by choosing licensed and reputable brokers. Remember, if something seems too good to be true, it usually is.