The site is managed by Sharp Global LLC, registered in Ukraine. It is worth noting that the company claims to be present in “a wide range of countries that are all over the world” and is trusted by “hundreds of thousands of traders”. However, the project owners did not disclose details about its history. No financial regulator may yet be monitoring the firm’s activities.

How reliable is this platform? In our Staxonix review, we will investigate reliable information about this broker and conclude its legitimacy.

How to Trade

The company provides access to “thousands of assets” to make money trading Forex/CFD. It has developed 4 standard pricing plans with demo accounts on each. In addition, Staxonix offers clients:

  • MetaTrader 5, MetaTrader 4, WebTrader, and mobile trading platforms.
  • Leverage from 1:50 to 1:400.
  • Islamic account without swap rates/fees.

The minimum spread is 0.9 pips. The “Commissions” section does not contain any specific fee values.

The client’s account will be blocked at any time if the firm deems that “you can no longer use our services”.

Market Reviews, Webinars, Comtrade Ebook, and Video on Demand are available to all registered users.

Staxonix Vital Info

It is noteworthy that on its official website the brokerage company indicates 1997 as the launch date. However, its domain was not created until March 2024. In addition, the firm does not disclose the names of organizers and managers, although all honest brokers do this. Finally, it is strange that the interface does not support ‌the Ukrainian language.

We did not find Sharp Global LLC from Ukraine in the official registers of registered legal entities. In addition, it is not on the lists of 58 firms located at the address of its headquarters in Kharkiv indicated on the site. As for the license, we found this information in the “Regulatory Acts” section of the website: “Regulation is carried out by [insert name of the regulatory body]”. We dare to assume that the process of licensing is underway, but so far the broker’s financial activity remains outside the legal field.

FAQ

What are the key facts about Staxonix?

There is no information about the history of the project and its founders. The company's registration number is not specified on the official website, and it is not listed in the list of companies of the Kharkiv business center, the address of which is indicated as the headquarters of this broker. The firm does not name the financial regulator overseeing its activities. It does not publish copies of its registration certificate and license.

What's the risk to my wallet when working with this broker?

The company does not deserve your trust. It has no registration confirmation, no license, indicates a fake address, and offers non-transparent conditions. It is worth noting the absence of a mobile version of the terminal in the official AppStore/PlayMarket stores. Finally, the leverage ratio of 1:400 multiplies your risk of losing your funds, as it is limited to 1:30 in European countries.

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