Warning Investors Saxton International – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Introduction
In the ever-evolving landscape of financial services, Saxton International presents itself as an investment company offering a spectrum of services, including forex trading, stocks, commodities, and cryptocurrencies. The company states its presence in key global financial hubs such as London, New York, and Hong Kong. However, as we delve deeper into Saxton International, several concerning aspects demand our attention.
Regulation and Compliance
The Gibraltar Financial Services Commission (FSC) has issued a red flag regarding Saxton International. Their official statement makes it abundantly clear that Saxton International operates without the necessary licenses or authorizations required to provide financial services in or from Gibraltar. This regulatory advisory serves as a stark reminder to exercise caution when engaging with Saxton International or any of its representatives. [^1^]
Reputation
Unraveling the company’s reputation is a vital aspect of our review. Saxton International’s claim to have an office in London appears to be questionable, as the provided address at 20-22 Wenlock Road, London, N1 7GU, is, in fact, a virtual office shared by numerous other companies. This suggests a lack of physical presence in the UK.
Additionally, the phone numbers for the UK, the US, and Hong Kong provided on their website are likely virtual numbers, rendering the actual location of the company unclear. Notably, Saxton International refrains from providing any email addresses or alternative contact details.
Customer Support and Customer Reviews
The heart of any business is its relationship with its customers. In the case of Saxton International, the limited online reviews are overwhelmingly negative. Customers have voiced grievances about being scammed by the company and suffering financial losses. Many have reported aggressive solicitation of deposits and high-pressure tactics to persuade additional investments.
Withdrawals also appear to be problematic, with claims that Saxton International refused to process withdrawal requests or imposed unreasonable fees and conditions. Disturbingly, customers have accused the company of manipulating their trading accounts and disseminating false or misleading information about their services.
Saxton International’s promise of comprehensive customer support falls short of the mark, as customers have reported unprofessional interactions. Some claim to have been ignored lied to, harassed, or threatened by the company’s representatives. Issues or concerns, as reported by customers, have often been met with silence from Saxton International’s purported 24/7 customer service team.
Services
Saxton International’s advertised services encompass forex trading, stocks, commodities, and cryptocurrencies. They also claim to provide access to the reputable MetaTrader 4 (MT4) trading platform. However, there is no concrete evidence linking Saxton International to MT4, and the company fails to disclose essential information about its trading conditions, such as spreads, commissions, leverage, margin requirements, or execution policies.
Conclusion
In conclusion, Saxton International presents itself as an investment company, but its lack of regulation and authorization from a reputable authority raises significant concerns. Furthermore, the company’s dubious reputation and a history of customer grievances, including alleged scams and poor customer service, raise numerous red flags.
We strongly advise consumers to exercise extreme caution when considering Saxton International or any other unregulated or unlicensed financial service provider. Given the risks associated with unregulated entities, it is essential to prioritize the security and transparency of your financial investments. Always verify the credentials and regulatory status of any financial service provider before entrusting them with your hard-earned money. Your financial security should be non-negotiable, and we believe it is wise to proceed with extreme caution when evaluating Saxton International as a potential investment partner.
