Cryptoneyx broker is precisely the reason why you need to be informed about brokers and stay away from scams. There have been so many complaints against the firm that they eventually shut down the domain.
If you were involved with the company and are looking for a credible source of information, this detailed Cryptoneyx review will help you.
Cryptoneyx Forex broker was entirely anonymous. There was no information about the company owner, the license number, legal jurisdiction, or other relevant details.
Once you tried to access the Terms and Conditions, you would see the error 404 page doesn’t exist.
And while there was a whole big essay about the importance of a license, Cryptoneyx regulation was nowhere to be found. We’ve checked all the major Tier 1 license providers, including FCA, ASIC, BaFin, CONSOB, etc. Yet this trading firm was simply unsupervised.
That’s why vanishing with customers’ funds was so easy.
For a brief moment, the Cryptoneyx trading scam vanished but then reappeared under the new domain, cryptoneyx.io, conducting the same trading scam.
Since the broker was unregulated, once they couldn’t gain any new customers, the cryptoneyx.com website was simply shut down, and customers stayed without access to their trading accounts and their funds.
According to the report, the brokerage is a suspected boiler room that has approached persons without being asked to offer financial services.
The same warning was republished in Norway, Portugal, Italy, and Bulgaria.
From all we know, it seems as if this financial swindler was onboarding European and Canadian residents without any valid trading license, thus violating regulatory regimes and ESMA rules.
It’s definitive evidence of the broker’s scam and your sign to stay away and avoid losing money.
Believe it or not, the Cryptoneyx trading scam was short-breathed. The company, which operated from January to July this year, defrauded many and disappeared before any regulator actually noticed the fraud.
According to our review, the majority of victims reside in:
Scammers have various ways of contacting their victims.
Usually, your first contact with the firm is through Google, Facebook, or Instagram ads. Once you provide your phone and email, you can expect a number of unsolicited phone calls and different promotions.
From everything we’ve learned, Cryptoneyx broker added customers to Telegram chats and groups, allegedly providing them with special trading signals.
Yet, it was just a lure for innocent clients to feel better and deposit more funds.
While the website was still active, you could see Cryptoneyx trading platforms advertised in several sections. The firm allegedly provided MT4, MT5, and a WebTrader. However, there was no link to download the platform or access the web-based software.
Therefore, we’re unsure if there was even a trading platform or if this firm was running a so-called “hit and run” scam. Once you deposited the money, you would never hear from them again.
Instead of putting your trust in unlicensed firms with good self-promotion, find a regulated broker with a real MetaTrader.
Without a trading platform, it’s hard to say anything about trading instruments. However, here’s the list we were given:
As you can conclude by the name, the accent was on crypto trading.
We don’t know much about Cryptoneyx account types. Since the website is inactive, we cannot see if there was an account type overview or if the broker simply expected you to deposit your funds without knowing anything.
Cryptoneyx minimum deposit was rather high, standing at $1,000. When you compare it to the industry standard of $250, there are four times more reasons to avoid the Cryptoneyx scam.
The withdrawal fee scam this company was running was the final proof that Cryptoneyx was nothing but a bogus investment platform. Before withdrawing, customers were prompted to pay alleged bank fees and taxes upfront. As you can guess, even upon paying, none of them got their funds back.
Note that no trading firm can pay fees or taxes for you. The only deduction a broker can take is the trading commission, and this money is deducted directly from the profits.
If you’re prompted to pay any fees, taxes, or other money from your bank account or a credit card to get approved for a withdrawal, know that you’re being dragged into a scam.
Cryptoneyx is an online Forex and CFD trading provider without a license. Since the firm vanished, it’s of utmost importance to act fast and recover your funds. We’re here to help you out.
No, there was no possibility to check out the Cryptoneyx Demo account before investing your funds.
The broker asked for a minimum deposit of $1,000, which is rather high.
You could trade both crypto and CFDs, but it was not a good idea considering the lack of regulation and basic information.
Cryptoneyx is an online Forex and CFD trading provider without a license. Since the firm vanished, it’s of utmost importance to act fast and recover your funds. We’re here to help you out.
No, there was no possibility to check out the Cryptoneyx Demo account before investing your funds.
The broker asked for a minimum deposit of $1,000, which is rather high.
You could trade both crypto and CFDs, but it was not a good idea considering the lack of regulation and basic information.
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