Yadix: is it scam?

SolomoNo9

Newbie
Jan 14, 2016
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If you do a Google search for IFSC/60/324/TS/15, which is the license number quoted by Yadix, you will find TFX Markets, IV Brokers, and an unknown selling options scalping software, all using the very same IFSC/60/324/TS/15 license number. Yadix does not hold the license. The license is held by Quantix Financial Services Limited of which Yadix states that it is a brand, and yet Yadix quotes: "The Yadix brand is authorised and regulated by the International Financial Services Commission (“IFSC”) with license number IFSC/60/324/TS/15.", which is a bit misleading.

A search for Quantix Financial Services Limited at IFSC Belize produces the following:
Email: support@superforex.com Web: www.superforex.com 40. Lexington Global Markets Limited 16 Hutson Street, Suite 304, BELIZE CITY, Belize, C. A. Tel: 501-223-6910 Fax: 22-223-6623 Email: lexingtonglobal@gmail.com 41. Quantix Financial Services Ltd. No. 35 New Road, P. O. Box 1708 BELIZE CITY, Belize C. A. Tel: 223-6910 Fax: 223-6623 Email: info.quantix@gmail.com 42. BenchMark Finance Ltd. No. 1 Mapp Street, Belize City, Belize C.A.

My questions to SolomoNo9 are these: Which organisation would you take legal action against? What compensation is available and enforced by IFSC? Does the IFSC consider legal claims made by clients outside of Belize to fall within the Belize legal jurisdiction? If you were to take legal action, and if you were successful, is your claim enforceable?

To be regulated is one thing. To be meaningful is something entirely different. If regulation is unable, or unwilling, to support broker-client claims, then regulation means absolutely nothing.

I guess that you take legal action against the entity you are trading with?? I do see a contradiction in your previous post and this one though.

Like I said, I have no issue whatsoever in trading with them, I find them friendly, knowledgeable and helpful, but each to their own I suppose, I come to conclusions based on my experiences not hearsay.
 

GazFx

Banned
Nov 13, 2012
478
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Melbourne, Australia
www.youtube.com
I guess that you take legal action against the entity you are trading with?? I do see a contradiction in your previous post and this one though.

Like I said, I have no issue whatsoever in trading with them, I find them friendly, knowledgeable and helpful, but each to their own I suppose, I come to conclusions based on my experiences not hearsay.

I guess you have never attempted legal action across international borders, because if you had, you would have a better appreciation of just how complicated and frustrating it can be. To say that you would take legal action against the entity you are trading with is overly simplistic. In this instance you would be taking legal action against a brand name, which is not of itself an entity, but rather the intellectual property of an entity. Anyway, that's up to you.