Doitfx.com

Confidently, yet ultimately to no effect, Doitfx.com opens to traders with the following words: Access the Global Markets with DoitFX and Trade with Minimum Cost & Maximum Potential. Big words and a lack of potential do not mix well, and if you ever needed proof of this, then dear reader enter Doitfx.com.

DOITFX.COM REGULATION

Perhaps the main thing that needs to be out there is that Doitfx.com is ultimately completely unregulated. There are no signs of a license to be detected, and the site even withholds any contact information. So, without a tech wizard, we have no idea where Doitfx.com is actually operating from.

The end result is that Doitfx.com is anonymous, and we never have anything good in store for such entities. Anonymity is the worst place a broker can find itself, and even worse for users who have invested in these. Their money will have gone to some unknown source and they will have a very hard time tracing it back, let alone retrieving it.

To the question, if Doitfx.com has what it takes, as it has so blatantly proclaimed on its website that,

”NO MATTER WHERE YOU'RE STARTING FROM, WE'VE GOT WHAT YOU NEED TO POWER YOUR FOREX TRADING EXPERIENCE.” 

the answer is unequivocally and undeniably NO! The lack of a regulation and its anonymity translates to a very unsafe environment for all invested capital.

As a last comment, we thought it necessary to also mention that the net is replete with a ton of negative reviews pertaining to the broker. It seems to us that Doitfx.com has been busy with the scamming and the lying for it to procure such an angry and disloyal following. These reviews and client complaints are solid evidence of how fraudulent Doitfx.com really is.

DOITFX.COM TRADING CONDITIONS

Whether or not the 1:500 leverage cap is lucrative or not shouldn't be of interest to now one. The broker lacks any spread details, but we are in no way bothered by this. The only source of any trading assets is the following claim: “DoitFX provides fast and reliable access to trade Currencies, Commodities, Precious Metals and Global Stock Indices.” No matter how much Doitfx.com embellishes its assertions, we still will look past these and proceed with the same amount of mistrust for Doitfx.com, if not with more.

Doitfx.com Competitive Pricing policy of “Maximize your trading potential with straight-forward, reliable pricing and exceptional trade executions.” of course sounds like it came out of a conversation between an ad-man and a bunch of eager consumers. There are more examples of this type of formality scattered throughout the site, such as the following,

“Our in-house liquidity aggregation technology provides our retails clients with the lowest spreads by making our liquidity providers collectively bid for your trades, in real time.”

yet in reality these are clever tongue twisters that serve the simple purpose of compelling restless and uninformed investors, most of which have very little experience with trading the markets, to deposit.

DOITFX.COM NO DEPOSIT BONUS

As many brokers that fall into the category of scams, so does Doitfx.com offers a bonus.

Here we have the notorious no deposit bonus which in our case is of $300. But why notorious? Well, these are considered risky even with legitimate brokers.

There are a couple of noteworthy preconditions that must be met in order for a user to be eligible for the bonus.

• First of all, the maximum bonus is up to $300, although the broker gets to decide on the specific amount based on some, unbeknownst to us, circumstances.
• As this is a no deposit bonus, users can use it without investing any amount, although they have to verify their account by providing copies of ID or similar sensitive information. this way, the bonus can be used to collect user personal details which can be used to propell the scam!
• The client can recieve the bonus only once.
• The bonus can be withdrawn after trading 750 standard lots with it (turnover requirement), which is a ridiculous amount. To put it in perspective, one standard lot is equal to 100k, so the bonus turnover req. would be 75 000 000  (750*100 000) per dollar of the bonus. So, the client will be able to withdraw the $300 bonus only after trading $22 500 000 000 in the markets.
• There may be other terms and conditions that apply, yet we have no information on them

DOITFX.COM PAYMENT CONDITIONS

By now nothing should surprise our readers, and they should have shaken off the preliminary excitement they might have had for this so-called broker.

The discovery that there are no payment details, is everything but a surprise.

BOTTOM LINE

Doitfx.com is a failed experiment, a would-be scam that is not going to last. All that remains is to leave Doitfx.com and let it perish into internet obscurity.