Polonix.ch wishes you to believe their brokerage services are the future of Forex trading. However, it doesn’t take long to realize none of their claims about secure transfers, and ultra fast order execution are true.
Especially after realizing that they’ve been blacklisted by the leading German regulator for offering financial services unlicensed.
Our Polonix.ch review presents an in-depth analysis to clarify all the discrepancies related to this conduct and warn potential victims of the financial risks with this broker dealer.
| Regulated by: | Unregulated Forex Broker |
| Is This Company Safe? | No, unlicensed firms do not provide genuine and safe trading services! |
| Known Websites: | polonix.ch
polonix.ai client.polonix.ai client.polonix.ch |
| Have Warnings from: | BaFin |
| Registered in: | Luxembourg (alleged) |
| Operating since: | 2023 |
| Trading Platforms: | MT4 (alleged) |
| Maximum Leverage: | 1:100 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Forex, Cryptocurrencies, Shares, Commodities, Indices, Precious Metals |
| Free Demo Account: | No |
| How to Withdraw from This Company? | The swindlers behind Polonix will not easily let you withdraw. Contact your local bank, regional financial regulator, or book a free consultation with our legal experts for help with chargeback. |
BaFin Blacklists Polonix Domains
A suspicious company Polonix claims to operate out of Luxembourg and that it’s fully licensed. Of course, no evidence of that shows on their cheaply organized website.
The domain suggests Swiss-located headquarters and the Swiss court jurisdiction, but the firm doesn’t appear in the FINMA register of regulated entities. Such opposing claims do little to clarify this dubious situation.
What proves our doubts about this unscrupulous firm is the BaFin warning against both of their domains – polonix.ch and polonix.ai.
This allegedly prestigious broker is dishonest and the funds deposited here are at risk due to missing regulatory standards of safety, AML rules and risk-controlling measures.
Concealed Domain Information
The polonix.ch domain is completely anonymous, and all owner information on Whois is restricted. The same con operates another domain, polonix.ai which is a complete clone of the website.
It was launched in 2023, and is oriented towards these regions:
- Germany
- Switzerland
This fraud has a public social network profile Instagram, and abuses it to reach out to new clients. It wouldn’t be as widespread without the involvement of boiler room agents. Review seller networks play their role as well.
Reputation Boosted By Fake Reviews
Many fake reviews about Polonix are circulating on the web. You can clearly see the involvement of review seller networks similar to the GoldenrodFX swindle if you visit Polonix reviews.io or TrustPilot pages.
If you have any assets deposited with Polonix, consider seeking reimbursement by legal means. Our chargeback experts are on hand to help you out of trouble, and you can reach us through the live chat.
Seemingly Attractive Trading Costs
At the Polonix.ch website, you’re promised to trade under increased leverage of 1:100, which has the chance to bring you huge profit. However, the broker fails to mention that all firms operating under the MiFID directive have to restrict the leverage to a maximum of 1:30.
Other trading costs and commissions aren’t even remotely discussed. Especially crucially important parameters such as spreads and fees. Polonix.ch actually claims to charge no tax on account funding, but that may as well be another lie in the sea of them.
Trading Features Hidden Behind Defunct Pages
Many parts of Polonix websites are not functional. This includes account setup, and trading platforms. This may not be a programming error, but a way to make Polonix clients rely on boiler room agents even for minor tasks.
While it is possible to create a Polonix login, clients will not be issued a working password. The email service that should allow you to confirm your account, and provide a password is glitched as well.
No Trace Of Trading Software
Polonix advertises the MT4 trading program on their websites, but it’s nowhere to be found. Indeed, in the client dashboard, we could see a dedicated MT4 account and password, but no way to use it.
If you attempt to access the trading application through the client dashboard, you will be redirected to a blank page. It is questionable whether any trading application exists with this broker, as the alleged mobile trading is not available either.
Unconfirmed Instrument Availability
It’s difficult to imagine trading on any of these instrument groups is possible when the Polonix.ch platform is bogus software. The same goes for the Coin2FX scheme.
The broker still claims over 800 financial products from the following categories are available:
- Forex (EUR/USD, EUR/JPY, CAD/AUD)
- Cryptocurrencies (BTC, BNB, NEO, ZEC)
- Shares (Disney, Coca-Cola, Tesco, Vodafone)
- Commodities (energies, oil, sugar, coffee)
- Indices (ESP35, HK50, AUS200, FTSE)
- Precious Metals (Silver, Gold)
Trading Account Conundrum
This wannabe broker doesn’t even try to advertise different account types. Polonix claims that their minimum deposit is $250, but there is nothing to corroborate this.
While creating a Polonix login is possible, you can’t manage sub-accounts. The broker never mentions any demo.
The main problem is the email server, which doesn’t work. Whether it is simply broken, or if this is an intended con strategy is unclear.
Improbable Withdrawals
The transparency is a major issue at Polonix.ch and it’s the most evident when it comes to account funding.
Although the broker claims payouts are processed via several methods like credit cards and “alternative” methods, the particularities remain unsaid. Transactions are supposed to be completely free, yet none of these claims are verifiable.
If you happen to only be able to transfer funds via crypto channels, bear in mind that this is the method enforced by every other financial criminal in order to remain anonymous.
Poor Customer Service
Polonix makes you rely on their agents every step of the way. If you omit these solicitors, the only way to contact support is through email, or an alleged call back request.
These methods always take time, even if the client service is on point. Polonix agents are not there to help you, but to push you into more trouble.
Protect Your Funds!
It’s understandable if the deceptive Polonix.ch methods have led you into the investment trap – after all, it’s every boiler room agent’s specialty. What’s important is to take the right steps towards recovering your lost investment.
By contacting our recovery specialists, you can ensure the process of restoring your capital will be quick and swift. For quickest results, use our Online chat feature to book your free consultation.
FAQ Section
What Is Polonix.ch?
Polonix.ch is one of the twin platforms intended to defraud unwary traders and investors. The other is polonix.ai .
Is Polonix.ch A Scam Or Legit?
Polonix is an illicit unregulated brokerage. German BaFIN has blacklisted this fake broker, pending criminal investigation.
How To Get My Money From Polonix.ch?
Since Polonix is not likely to return your assets, consider taking legal action. Our chargeback experts are on hand 24/7 via the live chat, and our first consultation is absolutely free.
