BoxInvesting Review – 5 things you should know about Boxinvesting.com

BoxInvesting Review – 5 things you should know about Boxinvesting.com

Beware! BoxInvesting is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

BoxInvesting is a Forex brokerage registered in the Marshall Islands. It provides the Sirix trading platformand an extremely generous leverage of up to 1:500. Furthermore, there is a wide range of trading products from which to choose and a required minimum deposit of  $250 which is about the industry average. The spread on EUR/USD is as low as 0.6 pips which is quite favorable in our view, especially compared to the industry average of a pip and a half.

BoxInvesting regulation & safety of funds

According to the website the company behind the brokerage is registered in the Marshall Islands by the name Software and Media LTD. However, in the terms and conditions of the brokerage another company name turns up – Boxinvesting Limited. Such irregularities in the corporate informations are usually signs of trouble. Furthermore,  the Marshall Islands is a favorite destination for would-be scammers due to its very liberal laws regarding the registering of companies. The government does not even require for someone to be physically there in order to register a company. Such a loophole has surely been noticed by many ill-minded brokers and utilized. Here is a screenshot

 

It’s safe to assume that the brokerage does not fall under any regulatory oversight because the government of the Marshall Islands does not include forex trading within its regulatory framework. However, in order to be impartial – we must say that the brokerage provides the Sirix trading platform which is well-received by traders and reviewers alike. Here is a screenshot:

Through a demo account we could sea a spread of 0.6 pips on EUR/USD which is quite favorable and very low. However, the offshore location of the brokerage and the obvious lack of regulation highly inclines us to suspect that potential clients of the brokerage may be open to substantial risk.

We urge traders to exclude such risk in trading by only associating with brokers regulated by prestigious regulatory agencies, such as the FCA and CySec, which require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to swindle traders.

BoxInvesting deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via a number of payment methods. They include: Visa, MasterCard, Maestro, wire transfer, WebMoney, QIWI and Yandex money. We could not find any disturbing withdrawal provisions on the brokerage’s website, nor in its terms and conditions. However, this should not be seen as a guarantee there aren’t any because more often than not offshore brokerages charge unexpected fees once the clients make the initial deposit.

This is why we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, the possibility of a scam looms over almost every trade in forex, especially if you are dealing with an unregulated brokerage. That is why we believe traders should be acquainted with the methods of a scam. Here is how it would typically go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as  Bitcoin Evolution or Crypto Cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. Furthermore, due to the high instances of fraud – both Visa and MasterCard have decided to sidestep scammers as best they can in Forex trading. The first thing we have seen so far is that MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half with their rival Visa expected to follow suit in December.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Rich Snippet Data
Review Date
Reviewed Broker
BoxInvesting
Broker Rating
1.51star1stargraygraygray

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23 Comments

  1. We have had a very rude lady from box calling us every now and then even when we told them we were not interested. They are very pushy and on the last call, extremely rude when we told them we were not interested. The lady literally told me to go to hell, for wasting their time! I would never invest a dollar with tem considering how they treated us. I think its a scam

    1. Trish you did well not to invest it’s a total scam. Sadly for me they have my $$$$

  2. They are total scam and I have been able to get hold of one of their receiving accounts in foreign country.. good news coming soon…

  3. Tatiana Papadopoulou

    I am trying to get my money back from Box Investing for three weeks and I don’t know how it is possible. May be someone of you had the same experience and can advise me?

    1. I received a call from BoxInvesting I’m not sure if I should invest or not

      1. Mirlande previlus

        Don’t do it BoxInvesting they are scammers. You will regret it

      2. Mirlande previlus

        Don’t invest your money they are scammers. You will lose your money

  4. Ольга Шевченко

    Добрый вечер я пытаюсь вывести деньги из Boxinvesting.com не могу найти брокера в течении 2 недель а самостоятельно не дают.если кто либо сталкивался с этими мошенниками помогите
    ———————–
    Good evening, I’m trying to withdraw money from Boxinvesting.com. I can’t find a broker for 2 weeks, but I don’t give it on my own. If anyone has come across these scammers, help

  5. Boxinvesting is a scam. My personal broker Fedrick Johnson persistently convinced me to invest over £6000 early this year. I realised they are scammers when I could not withdraw from my account since April. I have reported them to the UK fraud agency. Please avoid this company. It’s a scam

  6. Tatiana Papadopoulou

    Hello!
    When you reported them to the UK fraud agency, what did they say? Is it possible to get money back?

    1. They are still investigating. Possible looking into their data base for similar complaints. I would suggest you report to you local police as well. Those guys are scammers and the more we could expose them the less likely for them to scam others

  7. Ольга Шевченко

    Добрый вечер,кому нибудь получилось вывести деньги с boxinvesting.com и каким способом?

  8. I just logged into my account with them and I realised that they have depleted my account from $17,000 to $7. This is after I have made a withdrawer and account closure request. Please advise you relatives and friends to run away from these people. The main person that from these company is a guy called Fredric Johnson. And I have emailed him that I would do everything within the law to get him prosecuted.

  9. Ольга Шевченко

    Добрый вечер,ищу пострадавших от черных брокеров [email protected]

  10. Hi, Very very disappointed about how BoxInvesting is treading their clients. April 25,2019 I have made $250 USD and there after $5000 USD after I have spoken so called ( Broker) that BoxInvesting assigned for me to handle my investment. (Name) Fredrick Johnson was the the broker who contacted me and explained everything I should do and how. We spoke until end of May. Since then, I have no any contact with him. I am calling and emailing to him, support team, financial team and even legal team who I had captured their emails through our communications. Since today, no any sign or reply from Mr. Fredrick Johnson who should be my broker adviser. PLEASE, STAY AWAY FROM THESE PEOPLE. What they are saying and how they treat is BIG different. I am calling twice a week. They just talk like a recorded voicemail. “I will forward your information to your broker and they will contact you ASAP”
    SO, PLEASE WATCH OUT AND NEVER GIVE YOU MONEY PEOPLE LIKE BOXINVESTING. You have been warned if you see this message!!!

  11. ciao, anche io sonno stato raggirato da questa societa’ truffa ho investito il mio denaro .ora non li sento piu’ addirittura mi hanno scollegato telefonicamente mi hanno spillato piu’ di 2.000.00euro ma e’ possibile che non si possa fare niente contro queste persone, il mio broker si faceva chiamare francesco . ma se ci organizziamo perche’ non andiamo a trovarli personalmente faccia a faccia, da qualche parte dovranno pur stare giusto per rinfrescarle la memoria e ricordarli chi siamo
    ———————————
    hello, I too have been duped by this scam company I invested my money. now I don’t hear them anymore they even disconnected me by phone they stapled me more than 2.000.00 euros but it is possible that nothing can be done against these people, my broker called himself francesco. but if we organize ourselves because we are not going to personally find them face to face, somewhere they will have to stay right to refresh their memory and remember them about us

    1. mi hanno rubato 50.000 euro, minacciandomi che avrei perso tutto. ho fatto denuncia alla polizia postale. ma come facciamo a sapere dove di trovano?
      ————————–
      they stole 50,000 euros, threatening me that I would lose everything. I made a complaint to the police post. but how do we know where to find them?

  12. Im August des Jahres 2019 wurde ich aufmerksam auf finanzielle Anlagemöglichkeiten der Firma boxinvesting. Es handelt sich um Anlagen in Kryptowährungen. Die Webseite verspricht ein seriöses Arbeiten. Meine Einlagen begann ich mit 500,- €. Nach weiteren 14 Tagen investierte ich noch einmal 5000,- €. Der Trader, welcher mir zugeteilt wurde heißt Maximilian Krause, der Kontakt lief über Mail [email protected] sowie die Telefonnummer in Zürich 0041435448014. Die Firma hielt Kontakt über Mail [email protected] und die offizielle Festnetznummer in der Schweiz 0041435089235.
    Nach zwei Monaten des mehr oder weniger erfolgreichen Handels über die Plattform https://boxinvesting.sirixtrader.com stellte sich kein wesentlicher Handelserfolg ein. Meine Einlagen hatten sich nicht vermehrt, aber auch nicht verringert.
    Also beauftragte ich per Mail meinen Trader, den Handel einzustellen und meine Einlagen in Höhe von 6099,59 $ auf mein Konto zurück zu überweisen. Ein Formular der Finanzabteilung hatte ich ausgefüllt an diese zurückgesendet. Seit dem geschieht nichts mehr. Die Telefonnummern sind nicht mehr erreichbar. Auf Mails wird nicht reagiert.
    Recherchen im Internet, insbesondere auf amerikanischen Webseiten lassen auf einen Internetbetrug schließen, der seit 2018 dort aktiv war. Der Handel in Europa scheint recht jung zu sein. Auf jeden Fall werde ich Strafanzeige gegen die Firma boxinvesting stellen und weitere Verbraucherorganisationen vor dieser Firma warnen.
    Frank
    ———————————
    In August of the year 2019 I became aware of financial investment possibilities of boxinvesting. These are investments in cryptocurrencies. The website promises a serious work. My deposits started with 500, – €. After another 14 days I invested another 5000, – €. The trader, which was assigned to me is called Maximilian Krause, the contact ran over Mail [email protected] as well as the telephone number in Zurich 0041435448014. The company held contact over Mail [email protected] and the official landline number in Switzerland 0041435089235.
    After two months of more or less successful trading via the https://boxinvesting.sirixtrader.com platform, no material trading success occurred. My deposits had not increased, but also not decreased.
    So I emailed my trader to stop trading and transfer my deposits of $ 6099.59 back to my account. I had filled in a form from the finance department and returned it to them. Nothing has happened since then. The phone numbers are no longer available. There is no response to mails.
    Research on the Internet, especially on American websites suggest an Internet fraud, which was active there since 2018. Trade in Europe seems to be quite young. In any case, I will file criminal charges against the company boxinvesting and warn other consumer organizations of this company.
    Frank

    1. Hi Frank…

      Your accounting of what happened is close to my experience.

      How is you criminal case going? In Canada we can file a complaint with anti fraud department who only gather information,

      Ed

  13. I was called last night by a broker name Chris Willams. The guy was pretty rude and seems to judge me on the phone with his questions. I wasn’t really sure about this company and I should listen to my feelings.
    Anyways, after the fact that we have to make an account with Vload with giving our information (your driver liscence or passport or wtv) I felt like something was wrong. I called right away today my bank and Transunion to put an alert on my file.
    I am pretty sure Vload and Boxinvesting do more than steal money from people right away, they got all your information. PROTECT YOURSELF PEOPLE.
    Ive asked my account to be delete with Vload with a confirmation, I am not able to go on this account because its delete (Good thing) but with no confirmation. Ive asked the same to boxinvesting but obviously the phone number is not correct and they dont answer my email.
    STAY AWAY PLEASE

  14. I am another victim of box investing. Thankfully didn’t lose as much, a mere £82, but it hurts because what these folks have done is to use my compatriot as a means to steal my hard earned money. She introduced herself as Mariama from Gambia and she advised me to invest all of the money I saved for my baby’s christening. I didn’t fall for it because it was stupid. Days later Fredrick Johnson called to see how we could take this further. He advised that I should get a loan of £10,000 which I refused. Consequently I requested my money back but these demons have been playing games with me since February 2019. These people are evil beyond belief and they will pay a hefty price for their evil deeds. Scumbags who are the lowest of the low who could have lived a honourable life but choose to be nothing but leeches. So people please stay away from these evil scavengers who have no empathy for their victims. They plan and Allah plans and Allah in whose hand lies our souls is the master of planners. I take solace from the fact that Allah is aware of all they do and He will surely bring them to account on the day of reckoning. I’m sorry for all the victims and I advise you all to stay strong and do all you can to bring these people to justice. M.

  15. Total scam
    Been 5 months trying to get measly 350usd back
    No luck
    DO NOT GIVE THEM A PENNY

  16. Vous êtes loin même un site référence, ni d’être fiable. Incapable, de récupérer mon propre argent sur mon compte depuis 2 mois.
    C’est la nième fois que je vous contacte suite à ma demande de remboursement de mon dépôt sur mon compte box investing. Malheureusement, c’est sans suite depuis lors. C’est un manque de respect total venant de votre part.

    ————————–

    You are far from even a reference site, or from being reliable. Unable to recover my own money from my account for 2 months.
    This is the nth time that I have contacted you following my request for a refund of my deposit in my box investing account. Unfortunately, it has not been followed since then. It’s a total disrespect from you.

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