A short glance at CryptoFXPro’s website told us everything we needed to know. The firm is unlicensed and offers illicit trading conditions. However, we’ll elaborate on all the scam details so that you can recognize it if you ever stumble upon it.
Our detailed CryptoFXPro review should serve as a guide through the scam broker glossary.
CryptoFXPro broker displays all the signs of financial fraud. The brokerage didn’t specify the owner, and their section about legal jurisdiction is blank, stating that you cannot hold any broker employees accountable for losses.
Furthermore, their Terms and Conditions claim that the governing law is the law of the UK, and all the issues should be resolved in London. Hence, CryptoFXPro’s regulation should be with the UK FCA. All brokers who wish to provide FX and CFD trading from the country must obey strict rules and stringent financial control.
As suspected, CryptoFXPro is not licensed with any Tier 1 authorities, including BaFin, CONSOB, ASIC, CNMV, and more. Additionally, their trading conditions, e.g., leverage, directly oppose ESMA rules. Trading firms onboarding EEA zone residents must comply with leverage limits imposed for the safety of retail traders. Each firm can offer 1:30 at most for Forex pairs. Yet, CryptoFXPro offers up to 1:400.
Finally, their Contact page shows a warning regarding phishing, so even if you wanted to get in touch with someone from the company, you’d not be able to get their contact details.
To conclude, if you have any information about the CryptoFXPro trading scam, feel free to notify our team.
CryptoFXPro is an anonymous financial swindler. The firm has not informed us of any details regarding its headquarters or legal jurisdiction. Additionally, they don’t hold any regulations.
The financial intermediary has been active since September 2022. The majority of complaints regarding withdrawals and other issues have come from the following countries:
Since we haven’t received any official warnings as of yet, your report can help us. With this, we can pressure the relevant authorities to ban fraud and help victims get their money back.
At the time of writing, we found 67 CryptoFXPro reviews. However, most of the recent ones are negative, indicating that the employees themselves write anything positive you read. Instead of us talking much, we’ll show you an example of what traders think and their experience with the said broker.
“Be save ! they let me have their trust, but in more then $21,000.00, now all gone cie offline my access as been block, at the end lost all”
CryptoFXPro trading platform is as impressive as the broker itself. Not even remotely. All you can get is bland web-based software that doesn’t require any installation. Once you open it, you will find an asset menu on the left side, a barely functioning chart in the middle, and trading news at the bottom.
If you wonder how lackluster WebTrader can be, just check out this one. This brokerage doesn’t offer access to any third-party platforms such as MT4, MT5, or cTrader. With any of these, you’d get advanced tools, such as robotic and social trading, and much better analytical tools.
Additionally, we don’t have any mobile apps, so all the login goes through a mobile web browser.
With CryptoFXPro Forex broker, you can trade with five trading asset groups:
Crypto assets can be traded against USDT or EURT, both stablecoins.
The spread for FX majors starts at 0.2 pips, which is quite impressive. However, it means nothing with unregulated scammers. These unscrupulous websites will often offer better trading terms than regulated companies, enticing you to deposit, and then vanish. This is exactly why we advise you to stick with licensed firms and pay due commissions.
You can choose from one of the five CryptoFXPro trading accounts on offer.
While the official CryptoFXPro minimum deposit is $250, you could conclude from the reviews that clients are asked to upgrade to any of the accounts above. Each brings more benefits, such as account monitoring, managed portfolios, expert advisers, and higher payouts.
Once you access the website, you can get a platform overview and see for yourself our issue with the said WebTrader. However, the system won’t allow you if you want to place any trades.
CryptoFXPro Demo account is not available. If you want to trade, you must put the money down and risk your initial sum. Another reason to stick with legit brokers who offer risk-free test accounts.
Before we explain more about CryptoFXPro withdrawal, you should be aware that it’s nearly impossible. The firm has implemented all sorts of clauses preventing you from getting your money back. For instance, if you receive any bonuses, you cannot submit a request before reaching the minimum trading volume of 30x the amount plus the deposit amount.
Furthermore, even if you somehow fulfill this outrageous demand, you will be prompted to submit various documents for account verification. While AML policies require identity confirmation, it should be done when depositing the money. Even if you go with the flow and submit the photos and signatures they ask for, you will never do it in the right way, and your request will constantly be denied.
This charade can go on and on until you finally take legal action. Don’t hesitate. Report the CryptoFXPro scam immediately!
CryptoFXPro is an unregulated anonymous online trading fraud. If you have already deposited any funds and cannot get them back, book a free consultation with our recovery experts.
The company requires investors to deposit a minimum of $250 to start trading.
While you can review the platform freely, CryptoFXPro doesn’t offer a risk-free Demo account.
CryptoFXPro is an unregulated anonymous online trading fraud. If you have already deposited any funds and cannot get them back, book a free consultation with our recovery experts.
The company requires investors to deposit a minimum of $250 to start trading.
While you can review the platform freely, CryptoFXPro doesn’t offer a risk-free Demo account.
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