Why Is Booxaro Considered a Scam?

Booxaro portrays itself as a global CFD broker offering access to multiple financial markets, but a closer examination reveals a series of inconsistencies and red flags. The platform’s unclear regulatory background, incomplete disclosure, and extremely weak online presence raise significant concerns about its legitimacy. In an investigative report published by Traderknows, the platform was highlighted for multiple high-risk indicators and serious transparency issues, suggesting Booxaro is far from the trustworthy image it promotes.

Corporate Background and Business Identity

Booxaro is presented as a product of Investix Ltd, a company claiming to operate from Moheli Island in the Union of the Comoros. Although the firm provides a registration number, the identifier does not align correctly in the Mwali International Services Authority (MISA) database. Such mismatches cast doubt on whether Investix Ltd is genuinely registered or whether Booxaro is using doubtful offshore structures to mask its operations. Traderknows’ findings emphasize that inaccurate or unverifiable corporate credentials are often a hallmark of high-risk trading websites.

Domain Registration and Online Credibility

Short-Lived Domain and Limited History

According to public Whois records, booxaro.com was registered on July 16, 2025 and received a minor update only days later. This brief registration timeframe suggests Booxaro is newly created without any long-term operational planning or market foundation. Platforms that appear suddenly with very short domain lifespans often lack the historical data needed to demonstrate reliability.

Absence of Digital Footprint

Booxaro shows almost no online presence beyond its own website. There is no public record of platform development, past operation, or historical performance. This lack of digital footprint aligns with findings highlighted in the Traderknows report, which pointed out Booxaro’s extremely shallow market presence and absence of verifiable historical activity.

Market Offering and Transparency Concerns

General Claims Without Supporting Data

Booxaro claims to provide access to global financial markets, including currency trading, digital assets, commodity-linked instruments, equity-based products, and derivatives. While the range sounds similar to standard CFD brokers, the platform does not disclose key trading parameters. Essential information such as spreads, commission structures, liquidity sources, and execution methods is entirely missing.

Missing Information on Trading Conditions

Without precise details, investors cannot evaluate trading costs or execution quality. Traderknows’ analysis notes that platforms avoiding such disclosures typically lack genuine pricing transparency, a major warning sign for anyone planning to invest.

Trading Platform and Technical Reliability

No Disclosure of Trading Software

Booxaro does not reveal what trading platform it uses. There is no indication of MetaTrader, cTrader, or any proprietary system. This omission prevents users from understanding important elements such as stability, analytical capabilities, or execution performance. Reputable brokers always disclose their trading software openly. Booxaro’s silence makes its technical reliability highly questionable.

Regulatory Status and Compliance Risks

Controversial MISA Licensing

Booxaro claims to be regulated under the Mwali International Services Authority. While a number associated with the company appears in MISA’s registry, this does not resolve deeper issues about the validity of MISA itself.

Denial by the Central Bank of Comoros

The Central Bank of Comoros has formally stated that it is the only financial regulator in the country and does not recognize MISA’s authority to issue financial licenses. This means Booxaro’s claimed license holds no regulatory value within the national financial system.

Lack of Global Recognition

Internationally, MISA licenses have negligible acceptance. Compliance experts—and the Traderknows investigation—have pointed out that MISA is widely considered a non-credible or even fictitious regulatory institution. Licenses issued under such frameworks provide no meaningful investor protection.

Resulting Regulatory Exposure

This situation leaves users exposed to significant risk, as Booxaro operates without a recognized supervisory authority. Should disputes arise, investors would have limited legal recourse.

Account Plans and Deposit Requirements

Extremely High Entry Threshold

Booxaro offers seven account tiers, beginning with a €2,000 minimum deposit and stretching up to €250,000 for its highest-level plan. Such high entry costs exceed typical industry standards by a wide margin. Despite promoting benefits such as educational access, market signals, customized support, and faster withdrawal processing, the platform provides no verifiable proof that these features exist.

Unrealistic Financial Expectations

The unusually high deposit requirements may pressure inexperienced investors into depositing large sums without proper safeguards. Traderknows’ review points out that disproportionate deposit structures often indicate aggressive upselling models, common among unregulated offshore brokers.

Customer Support and Communication

Minimal Contact Options

Booxaro lists only one communication method—an email address. It does not provide a phone number, physical office, live chat service, or any verifiable corporate location. This lack of communication options makes customer assistance unreliable and complicates dispute resolution. Such limited accessibility is frequently seen on platforms with unstable or questionable operations.

Public Visibility and Social Interaction

No Social Media Presence

Booxaro has no verified accounts on major platforms such as Twitter, Telegram, or LinkedIn. Legitimate brokers typically maintain active communication channels, but Booxaro’s absence suggests extremely low operational engagement and an unwillingness to interact with users. The Traderknows investigation further confirmed that Booxaro maintains zero social visibility.

Reputation, Ratings, and Market Feedback

No Reviews or External Evaluations

The platform has no user reviews on Trustpilot or other major evaluation sites. This makes it impossible for prospective clients to gauge real user experiences. A total absence of feedback usually indicates either a non-existent user base or a lack of operational activity.

Extremely Low Website Traffic

According to Semrush, the website receives almost no monthly visits. For a company claiming to provide global trading services, this level of inactivity shows a severe gap between marketing claims and actual market performance. Traderknows labeled this traffic pattern “a sign of extremely low operational maturity.”

Educational Content and User Guidance

No Learning Materials

Although Booxaro markets “educational tools,” no tutorials, videos, articles, or structured resources can be found on the platform. This contradiction weakens the platform’s credibility and leaves users without guidance.

Funding Methods and Withdrawal Transparency

No Information on Payment Methods

Booxaro does not explain how users can deposit or withdraw funds. Important details such as processing times, payment channels, fees, and supported currencies are not disclosed. A broker that withholds such information increases user risk significantly, especially in the context of an offshore, lightly supervised environment.

FAQ – Booxaro

1. What is Booxaro?
Booxaro is an offshore CFD trading platform operated by Investix Ltd, but its registration details and regulatory claims show multiple inconsistencies.

2. Is Booxaro regulated?
No. Although it claims regulation under MISA, the Central Bank of Comoros does not recognize MISA as a financial authority, making its regulatory status unreliable.

3. Is Booxaro’s company information legitimate?
The registration number provided does not match official records, raising doubts about the authenticity of Investix Ltd.

4. How old is Booxaro’s website?
The domain was registered in July 2025, which means the platform is very new and lacks operational history.

5. What trading platform does Booxaro use?
Booxaro does not disclose any trading software, leaving its technical reliability unknown.

6. Are Booxaro’s account requirements reasonable?
No. The minimum deposit starts at €2,000 and goes up to €250,000, far above industry standards.

7. Does Booxaro provide customer support?
Only one email address is available. There is no phone number, office location, or live chat.

8. Are there user reviews for Booxaro?
No. The platform has no Trustpilot reviews and almost zero website traffic.

9. Is it safe to use Booxaro?
Based on regulatory issues, poor transparency, and findings highlighted by Traderknows, Booxaro presents significant risk.