Quox Capital

[Text]

Have any of you tried this trading platform? I just wanted to know how was your experience there? What can you say? I'm looking for a review/feedback before verifying an account with them. I only saw about that site when I accessed my feeebitco.in account again, at the bottom of the site as banner ads. Thanks.

this is the site: https://quox.io

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[_act_]

I have not used this kind of trading platform before because I know how to avoid myself to be scammed by this kind of sites. The site was created barely a year ago, not listed on Coinmarketcap and not having any review on Trustpilot. You can check its review on Trustpilot.

https://www.trustpilot.com/review/quox.io

If you want to avoid scam, avoid this site and avoid any related site to it that have no two purpose than to scam. If you want to trade crypto on CEX exchange, you can try exchanges like Kucoin, OKX, Binance. If you are a US resident, you can use Coinbase, Binance.US or Kraken.

[Maus0728]

Why settle for an unknown exchange when there is an existing centralized exchange that you can use for trading without worrying about your deposit being held hostage, which would lead to tedious work complying with their KYC requirements before you can get the hell out of their hands?

To back up what @_act_ was saying, the website is not even existing for a year.

Code:

Creation Date: 2021-06-09T09:15:22Z
Registry Expiry Date: 2022-06-09T09:15:22Z

Whois link

[Text]

My suspicion is correct, so I haven't seen a review about it yet because it's new. Even when I searched here on the forum, there was nothing before I asked. I already have an account with some of the aforementioned exchangers and my priority is still to use them when I trade. I am aware of scams and I will not let that happen to me just because of depositing on a novice trading platform. In fact, I have no intention of depositing with them. Maybe I'm just really curious about their sign-up bonus to try it out.

I am very grateful for your replies and reminders.

[Potato Chips]

Ads are typically not moderated, be careful with them OP.

Maybe I'm just really curious about their sign-up bonus to try it out.

What if I tell you their prerequisite? it's too much LMAO they clearly don't want to hand over the $25 bonus.

The Initial bonus cannot be withdrawn or transferred from the account until the following minimum trade amounts are met:
 
FX – 5 lots of any currency
Gold - 5 lots (500 oz / staked size $5)
Silver – 5 lots (5000 oz / staked size $2.5)
Indices / US / UK oil – $50 of stake traded
Crypto – $50,000 notional

In addition to what has been pointed out, their website is very cheap looking. I doubt they have the money to properly handle KYC/AML procedures. 

Of course, it's an offshore company. No information about the team and their whereabouts.

Quox is a trading name of Quox Capital LLC, which is incorporated in St Vincent and the Grenadines, number 1312 LLC 2021 by the Registrar of International Business Companies, and registered by the Financial Services Authority, and whose address is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines.

[logfiles]

Maybe I'm just really curious about their sign-up bonus to try it out.

Avoid such unpopular exchanges like a plague.

You want a sign-up bonus?

Try out the popular exchanges. Very many of the offer bonuses but there are so many terms and conditions such as passing KYC, trading volumes, deposit amounts etc
Exchanges like Binance, Coinbase, Bybit, phemex, Kucoin, FTX etc

[sheenshane]

My suspicion is correct,

It's a good step if we always verify the website first before we entrust them.
Just use the Who.is as one of your tools upon verifying the websites and it should always be suspicious if the site running for under a year.  If you will use a centralized exchange and let them hand over your personal documents via KYC, just go to the most common and well-known CEXs.

However, thank you for bringing up it here, and those who clicked ads from Freebitco.in are now must aware.

[BitMaxz]

My suspicion is correct, so I haven't seen a review about it yet because it's new. Even when I searched here on the forum, there was nothing before I asked. I already have an account with some of the aforementioned exchangers and my priority is still to use them when I trade. I am aware of scams and I will not let that happen to me just because of depositing on a novice trading platform. In fact, I have no intention of depositing with them. Maybe I'm just really curious about their sign-up bonus to try it out.

I am very grateful for your replies and reminders.

That's the way they attract their customer signup bonus of $25 and then after you deposit there is a big possibility that your withdrawal will be stuck forever.
Almost all new exchanges without proof of physical location and business are always have high risk.

Why don't you just use the exchanges that listed on Coingecko or Marketcap?
I'm sure most exchanges have bonuses while you can trade more safely than using an unknown exchange.

[Text]

Thanks to the in-depth research to provide more information that still needs to be known if such a platform is not really trustworthy and should be avoided, I in turn missed knowing the other conditions that are almost impossible to meet.

Don't worry, the last thing I did there was just sign-up. Given the additional knowledge from you, I will not let my identity be compromised just because of the sign-up bonus on an unknown platform. As I said, I still use only well-known exchanges to trade just like Binance.

[stompix]

Stay away from it, they claim to be fully licensed in St. Vincent and the Grenadines on their about page but that doesn't cover any forex or brokerage activities as those aren't licensed by the SVGFSA for any company incorporated there.
So you're basically dealing with a $200 setup fee LLC with no brokerage license that can disappear tomorrow without a trace.

Also I just hate companies that do this kind of shit

Quox Capital LLC reserves the right to debit $5 from a customer's balance if
the account has been dormant for a period of 3 months and every month of dormancy after that

[Text]

It's really good that I asked here first, I hope there are no other victims who end up falling into this trap. I hope they also make it a habit to check and ask questions first, especially here in the forum because I know that those who are really good in this field and the answers are here.

I also don't want to use unreliable systems anymore. It can't be eliminated from the industry but there are more ways to avoid such things and that's because of the help of all of you.

[_act_]

That's the way they attract their customer signup bonus of $25 and then after you deposit there is a big possibility that your withdrawal will be stuck forever.

This is what will most likely happen, even using most likely is still an understatement because scam is what what will actually happen, if someone pays into any address given by that exchange, the money would likely be gone, not that it would even be stuck but will be spent by the people that owns the exchange and a way they scam.

Why don't you just use the exchanges that listed on Coingecko or Marketcap?
I'm sure most exchanges have bonuses while you can trade more safely than using an unknown exchange.

The use of one of the exchanges listed on Coinmarketcap or Coingecko would be good but not all exchanges listed on those exchange aggregator sites are 100% accurate in reputation, some like Yobit should be avoided as they are shady.

[QUOX]

Why settle for an unknown exchange when there is an existing centralized exchange that you can use for trading without worrying about your deposit being held hostage, which would lead to tedious work complying with their KYC requirements before you can get the hell out of their hands?

To back up what @_act_ was saying, the website is not even existing for a year.

Code:

Creation Date: 2021-06-09T09:15:22Z
Registry Expiry Date: 2022-06-09T09:15:22Z

Whois link

We are not an exchange, we are a Forex, Indices, Commodities and Crypto CFD trading platform.

[QUOX]

I have not used this kind of trading platform before because I know how to avoid myself to be scammed by this kind of sites. The site was created barely a year ago, not listed on Coinmarketcap and not having any review on Trustpilot. You can check its review on Trustpilot.

https://www.trustpilot.com/review/quox.io

If you want to avoid scam, avoid this site and avoid any related site to it that have no two purpose than to scam. If you want to trade crypto on CEX exchange, you can try exchanges like Kucoin, OKX, Binance. If you are a US resident, you can use Coinbase, Binance.US or Kraken.

We are not a crypto exchange, we are a Forex, Indices, Commodities and Crypto CFD trading platform. Please stay posted as we are in the process with Trustpilot right now.

[QUOX]

My suspicion is correct, so I haven't seen a review about it yet because it's new. Even when I searched here on the forum, there was nothing before I asked. I already have an account with some of the aforementioned exchangers and my priority is still to use them when I trade. I am aware of scams and I will not let that happen to me just because of depositing on a novice trading platform. In fact, I have no intention of depositing with them. Maybe I'm just really curious about their sign-up bonus to try it out.

I am very grateful for your replies and reminders.

That's the way they attract their customer signup bonus of $25 and then after you deposit there is a big possibility that your withdrawal will be stuck forever.
Almost all new exchanges without proof of physical location and business are always have high risk.

Why don't you just use the exchanges that listed on Coingecko or Marketcap?
I'm sure most exchanges have bonuses while you can trade more safely than using an unknown exchange.

We understand that with all new trading platforms there will be a hesitancy and a trust issue, we are on here now to help build this trust with ourselves. We look forward to you trading with us.

[mk4]

Legit or not, one thing's for sure — the website seems amateurishly made for a platform in this day and age. Is there even anything that this exchange has(that other existing platforms like Binance doesn't) that made you want to use it?

[BitMaxz]

We understand that with all new trading platforms there will be a hesitancy and a trust issue, we are on here now to help build this trust with ourselves. We look forward to you trading with us.

How can I trust an exchange that use Wordpress CMS?
Is the exchange site  regitered on FinCEN and comply with AML?

I never heard that there is exchanges that use Wordpress its pretty suspicious and how the owners rely on Wordpress?
I'm sure users will get some issue trading on Wordpress due to security issues.

Another thing is that most of your whois info are in private no physical address.

So how can we trust you?

[Mr. Magkaisa]

Have any of you tried this trading platform? I just wanted to know how was your experience there? What can you say? I'm looking for a review/feedback before verifying an account with them. I only saw about that site when I accessed my feeebitco.in account again, at the bottom of the site as banner ads. Thanks.

this is the site: https://quox.io

  - If cryptocurrency is what you want to do trading I would not choose this platform to do a trading activity. I'd rather choose Binance, Houbi, and others that are on the top exchanges on the CMC(coinmarketcap) list.

Sir, you know the level of risk in such platforms which is not known in this industry. Unless you trust that platform, of course, I can't stop you in that matter. But anyway, if you feel comfortable, that's what you should follow and if you doubt or hesitate, don't go in, it's that simple, Sir.

[QUOX]

Legit or not, one thing's for sure — the website seems amateurishly made for a platform in this day and age. Is there even anything that this exchange has(that other existing platforms like Binance doesn't) that made you want to use it?

Hi Sir, we are not an exchange. We are a an OTC FX, Crypto CFD trading platform. You can not buy and or hodl digital assets on our platform. Do you understand the differences between exchanges and trading platforms?

[noorman0]

-snip-
Do you understand the differences between exchanges and trading platforms?

You have to improve your literal thinking. Your platform is an "exchanger", where orders cannot be customized like a trading platform. Trading is also technical because the platform will provide charts with analytical tools.
I took a closer look at your demo, it looks like it is options trading. If that's true, then which service are you really? Exchanger or options trading?