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Astronix Fund: A Detailed Review Exposing the Scam Broker

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.

If you have lost money to companies like DCYMarkets, or Ranes Capital; please report it to us on our Report a Scam form.

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. 

File A Complaint Against Scammers

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.

Picture of  William Pewitt

William Pewitt

William Pewitt is an experienced forex broker reviewer, dedicated to helping traders navigate the complex world of currency exchange. With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers. My reviews offer valuable guidance, helping traders make informed decisions about their investments.

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