Table of Content
Trubyx Review: Avoid This Scam Broker at All Costs
Table of Content
Trubyx Review, All potential clients of Trubyx Broker should reconsider their intention to invest here as there are some worrisome facts about this broker. First of all, Trubyx is situated in a country that doesn’t regulate forex brokerage activities therefore no financial institution actually oversees its operations.
What’s more, this broker claims to have an office based in the UK as well, however, the registers of the Financial Conduct Authority (FCA) can prove it wrong as this broker isn’t licensed at all.
Not to mention the lack of any useful information about its trading conditions and payment methods, which happened to be shady as well. So if you are still not convinced enough, better read this Trubyx broker review to learn more about this investment scam.
|Regulation||Unregulated, Blacklisted by CBR|
|Broker Type||Forex, crypto, indicies|
Regulation of Trubyx and Funds Security
As we already mentioned, Trubyx claims its registered address to be in the Marshall Islands, however, there is no forex regulator there.
Scam brokers based in the Marshall Islands are not supervised by any financial authority and also are not obligated to follow certain rules and guidelines unlike regulated brokers in the UK for example. Investing with such an offshore firm means you aren’t going to get any client protection in case things go wrong.
What’s more, Trubyx also claims to have a registered office in London, UK. We searched the registers of the Financial Conduct Authority (FCA) of the United Kingdom but Trubyx wasn’t on the list of licensed firms.
Trading Software Reviews
The website doesn’t mention anything in particular about the trading software Trubyx offers. You can read the same cliches every other scam broker uses, “award-winning” platform with “innovative tools and advanced features”.
It’s a simple web-based platform that doesn’t stand out with anything special. Its tools and features certainly don’t seem as innovative or advanced as the broker claimed. So if you have decided to trade with stocks, shares, or forex pairs, you better look for an alternative.
What Account Types Does Trubyx Offer?
|Broker||Trubyx||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
Trubyx claims to offer eight different account types, which include the following:
After we opened an account there was a leverage of 1:10 for EUR/USD. This is a fine amount, to be honest, as higher leverage is associated with greater risk of losing your money. In fact, there is a leverage cap of 1:30 in the UK exactly because of the risk.
Nevertheless, we don’t recommend investing with this broker as it’s not authorized to operate on the forex market.
What Can Be Traded on Trubyx Market?
In regards to the trading instruments that are available at Trubyx, they have stated the following:
As much as this is a good and big array of available trading instruments, you shouldn’t forget that Trubyx is an unregulated and unlicensed illicit broker.
They will just scam you out of all you own so you should stay away. Make sure to work with legit and regulated brokers that actually hold a license.
Deposit and Withdrawal Process
On the website, Trubyx mentions several payment methods that it accepts, and those include the following:
- Visa or Master credit or debit card
- Wire transfers
- Crypto transactions
No matter what payment options this broker offers it won’t be a good idea to invest here. Be extra careful especially when it comes to crypto coins as these transactions are not eligible for a chargeback and are completely anonymous, so you won’t be able to get your money back no matter what.
And always remember to stay away from fraudulent brokers that will push you to start with higher amounts and that will also push you to invest only with crypto.
How Can I Get a Refund If Trubyx Scammed Me?
If you have been scammed, the first thing you can do is to turn to the bank that issued your credit or debit card and ask for a chargeback. If you have paid with your Visa/ Mastercard, a chargeback is eligible within 540 days.
Wire transfers are more difficult to return, and the best thing you can do in this situation is to change your online banking username and password as soon as possible.
Using payment methods like Neteller, Paypal or Skrill also gives you the opportunity to open a dispute in case of an online scam.
Unfortunately, crypto transactions are irreversible as we already stated and therefore your money can not be returned. All in all, we advise you not to trust brokers that use only crypto coins such as Bitcoin or Ethereum.
Last but not least, certainly don’t trust people on the internet offering to return your funds only after you pay a certain fee. They might also be scammers so don’t risk losing more money than you already have!
While we were conducting this Trubyx review, we were not surprised they are just another offshore broker who is claiming to be based in the UK.
This fraudulent broker is not only missing a real regulation and license but they also have an official warning from the Central Bank of Russia.
Investing with Trubyxi is going to put both you and your funds at risk. Don’t fall victim to this illicit broker’s cheap tricks and always do the needed diligence and research the broker before investing your money.
And always remember that getting your money back is possible and you should always think twice before investing your money anywhere.
FAQs About Trubyx Broker
Is Trubyx A Good Broker?
No, Trubyx is an offshore scam broker working with the sole purpose of stealing clients’ money.
What Are The Funding Methods For Trubyx?
Available funding methods are Visa and Master debit/credit cards, wire transfers, and Bitcoin.
Does Trubyx Offer a Demo Account?
No, Trubyx does not offer a demo account, only live trading accounts even for new clients.