FundriseProX Review: Fraudulent Details About the Platform

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FundriseProX claims to be a legitimate and renowned trading platform with advanced features and low fees. The firm is allegedly focused on providing users with the best possible conditions for cryptocurrency investments.

Let’s first discuss the FundriseProX regulation issue. As mentioned, the brokerage firm claims to be headquartered in Switzerland while being registered with the regulators of France and Estonia.

Unlike legitimate Swiss providers licensed by the local FINMA, the FundriseProX broker is unregulated, and thus not liable to financially compensate clients in case things go wrong. 

If you want a reliable platform, we suggest you find a licensed provider that operates under the supervision of reputable financial market authorities such as the FCA (UK), CySEC (Cyprus), FINMA (Switzerland), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), etc.

In order for brokerage firms to obtain a regulatory license under esteemed financial jurisdictions such as the European Economic Area (EEA), they must have a minimum operating capital of 730,000 EUR.

Furthermore, their clients must receive negative balance protection, a segregated bank account in a top-tier bank (e.g. UBS), a safe leverage cap (1:30) for retail clients, and a reliable compensation scheme contract worth up to 20,000 EUR. 

Withdrawal issues seem to be a recurring theme so we recommend you always read trader complaints and find out which methods this firm uses to scam potential victims.

Both of these countries have top-tier financial market authorities that enforce heavy regulations to prevent unauthorized entities from running their schemes. FundriseProX is a copycat and not a transparent European platform.

FundriseProX claims to offer a web platform that supports popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. There is also a dubious mobile app available.

We wanted to check out the platform but got denied by the FundriseProX login page. And since there was no risk-free demo account option, we hit a complete roadblock. Nevertheless, rudimental browser-based platforms are typically lackluster and ineffective.

Aside from basic charts, graphs, and indicators, there is not much else. While beginners may find such platforms easy to comprehend, seasoned traders won’t find the platform useful. 

If you want a true trading experience, we suggest you find a licensed provider that supports renowned third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms support useful tools such as automated trading, live market reports, advanced charting, a user-friendly interface, multiple timeframes, lightning-fast order execution, etc.

None of the trading conditions were disclosed on the website. We do not know the maximum leverage traders can get from FundriseProX. Just keep in mind that the regulatory cap in the EEA zone is 1:30 for retail clients. High leverage can amplify profits but also losses.

Trading costs, i.e. spreads and commissions remain a mystery as well. Then again, the entire website design does not belong to this criminal. Not including a demo account was a cunning move. That way, you are forced to invest real money right off the bat if you’re interested in trading with the broker. Please do not do it.

It appears that the only way to fund a FundriseProX account is via cryptocurrencies. According to the website, the minimum investment is just 5 EUR but the Trustpilot review stressed that the broker’s agent insisted on a much larger investment.

The reason why scammers typically prefer crypto transactions is that it allows them to remain anonymous, and tracing that money can be a nightmare. 

Reversing crypto payments requires professional assistance. Luckily for you, we have a team of experts who specialize in tracing crypto payments in order to get our clients their money back. 

To sum up our review, FundriseProX is a copycat hoax platform, mainly targeting unwary traders in Germany and Canada. We don’t recommend this broker because it is unregulated, plus not compliant with regulatory requirements.

This platform can easily steal your funds. In our review, we have stressed the importance of regulations and why it is better to trade under jurisdictions supervised by recognized financial market watchdogs.

If you have fallen victim to the FundriseProX scam, please book a free consultation with Global Fraud Protection. We have a team of experts who can assist you in the fund recovery process and get your money back as soon as possible.

Book your free consultation today and get your money back.

FundriseProX is an anonymous copycat that stole the website from a well-known Swiss crypto platform to deceive traders.

Despite claiming to be regulated by three European authorities, FundriseProX is actually unlicensed.

It’s possible, albeit difficult. Book a consultation with us and our experts will go through the process with you.

The post FundriseProX Review: Fraudulent Details About the Platform appeared first on Global Fraud Protection.

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