Investigating Doxton Group: A Comprehensive Review
Thousands of companies in the fraudulent brokerage market operate without licenses, hiding from responsibility to clients. Doxton Group pursues the same policy, providing low-quality functionality and unfavorable trading conditions. Founded in 2024, it has been getting negative reviews from the first days of its activity. The given analysis is directed at determining whether the project is a scam.
General Info
Key Features
- Low-quality website and optimization issues.
- Inability to fund an account on your own and refusal to withdraw funds.
- Non-profit trading conditions and non-existent privileges.
- Illegality of work and accusations of fraud.
- Almost no way to contact managers.
Overview of Doxton Group
Further, the review will discuss the company’s background and the main deficiencies of its official website.
Broker History
The main page of the Doxton Group website is overfilled with promotional banners and statements about reliability, profitability, and technological efficiency. Several additional services are available, such as bonus programs, analytical content, and expert support. The dealer declares compliance with regulatory requirements, obligatory verification of users, wide choice of trading tools, and top-class trading software.
However, these are all just mere lies. Doxton Group is unable to offer its users good or safe trading conditions.
Doxtongroup.com Website
There are a lot of problems with the official website: the design and structure are too general; in some aspects, even outdated. The content of the homepage is not useful; basic functions are missing, and pages load slowly. The founders deliberately hide regulatory information and publish fake office and legal registration addresses.
Due to frequent network errors, users can’t download trading software or contact support. There are also some concerns about privacy: personal data may be leaked to third parties during the verification process, including documents and payment details.
Registration Process and Personal Account
Registration on the Doxton Group platform is available on the main page. The form expects the following details: first name, surname, email, country of residence, phone number, and promo code, and it also asks to specify the interface language. The application form contains a link to the document “Terms & Conditions.” Meanwhile, such registration does not require confirmation by email or mobile phone.
Verification is made in the “Compliance” section of the personal account. This menu conditionally consists of three blocks: confirmation of identity, payment method, and residence. Also, customers are asked to send a signed written statement as a scanned copy. The system asks customers to upload images of their passport or driver’s license pages. It is not recommended to provide your personal data, judging by the reputation of this dealer.
The personal account interface shows the balance, earnings, and bonuses. It also provides options to change personal details and request withdrawals. However, to fund an account, one has to contact support in advance for its activation. While there are links to the web terminal, no links for downloading a portable software version were found.
Trading Platform
Doxton Group claims to have several versions of the terminal, while in fact the user only has access to the browser-based WebTrader, which has significant drawbacks: a complete lack of liquidity, delayed order execution, and a lack of basic functions. Very often this platform artificially inflates commissions and spreads, as well as manipulating asset prices.
The company provides a mobile app download for Android. However, this is a third-party application distributed outside the App Store and Play Market, which is suspicious for security reasons. Therefore, using this software is not recommended, as well as downloading any exe file to your desktop.
Contacts
Customer support is allegedly provided through online chat and email at support@doxton-group.com. However, checking the email address shows that the address is invalid. As a result, customers cannot contact support or resolve any issues regarding withdrawals, verification, or funding of their accounts. The published office address is also not real. The problems of normative and legal registration will be considered in the following sections.
Analysis of Services Offered by Doxton Group
The following sections discuss the transaction process, trading conditions, and additional services offered by the dealer.
Funding and Withdrawal
Doxton Group accepts transactions via bank cards and cryptocurrency. In both cases, clients are required to fill out a special form, including a written statement with a signature and account details. Such an approach is already suspicious of manipulation, especially in the case of withdrawal. Moreover, to carry out any transaction, the client must personally contact a company representative.
While deposits and withdrawals appear to be commission-free, complications arise. For instance, in order to withdraw funds, you must comply with bonus conditions that apply to all clients without exception. The same applies to refund requests, effectively giving Doxton Group a pretext to deny withdrawals.
Doxton Group Trading Conditions
The account types inside the platform involve different levels of leverage and even some additional services, including but not limited to Silver, Gold, and Platinum. The lack of a demo account, of course, also means a lack of advertised privileges and bonus participation.
Information on spreads and trading commissions is not provided. It is not indicated either in the section “Account Types” or in official documents. The size of the minimum deposit is not specified, but it is recommended to start from at least $500. The size of the deposit determines the volume of services provided, which affects the conditions of cooperation.
The leverage is from 1:100 up to 1:500, which is very unfavorable for newbies. The bigger the leverage, the greater the financial loss with several opened orders. The fact that there is no negative balance protection means traders are highly exposed to financial risk.
Trading instruments include currency pairs, cryptocurrencies, indices, commodities, and futures, although the exact number of assets is not specified. Doxton Group’s web terminal severely limits instrument availability, and quotes of assets are often manipulated.
Unique Features
Doxton Group is very aggressive in its bonus system promotion — it automatically adds them to all clients regardless of the initial deposit size and preferences. Of course, there are strict wagering requirements and customers cannot withdraw funds without meeting certain requirements.
Educational materials are also advertised, including webinars and analytics, along with expert guidance and a partner program, but nothing is said about how Doxton Group partners will be compensated.
Is Doxton Group Trustworthy and Reliable?
Finally, this section covers the legitimacy of the broker, its regulatory status, and its history of operation.
Assessing Legitimacy
Doxton Group is an illegal broker in Europe. It is not regulated by any tier-1 or tier-3 offshore regulators. Its official website does not indicate evidence of legal authorization, and its Documents section only contains generic transaction policy templates.
This company’s legal registration address is fictitious. The project has chosen a random location in Denmark to fool beginners and cheap traders. Doxton Group is neither listed by the registry of Denmark nor operates European branches.
These factors create unbearable conditions for clients to trade with Doxton Group. Thus, there’s no chance for fund recovery or even legal protection.
Established Track Record
Checking the domain registration of Doxton Group exposes this company’s lies about its founding in 2015 and reaching some significant milestones. In fact, this firm was created only in the second half of 2024. That undermines its credibility, which is seen in a great number of negative reviews.
Implications for Traders
We strongly don’t recommend trading with Doxton Group. The company is not licensed or legally registered and has a poor or fake reputation. Trading conditions are very unfavorable.
Strengths and Weaknesses
- There are some digital documents for reference.
- Illegal operation and lack of licensing by European or offshore regulators.
- Low-quality trading terminal and website.
- Impossible to withdraw funds.
- Poor customer service and unresolved queries in support.
- Spreads and trading fees are not transparent.
2 Reviews about Doxton Group
Doxton Group support is bad. It's hard to get in touch, and they ignore all messages. The deposit procedure is too complicated…
I traded here for several days and felt very quickly that Doxton Group was a scam. The company themselves 'zero' the balance in several hours so the trader can't dispute it later.
Write a review