CCG Trade, also known as Bitex, has been scamming clients for a while now. It’s a proven scam, blacklisted by the UK FCA. Before opening an account, you must read this review, trust us, you will give up.
If you are already involved with them, read our CCG Trade review and find out how to get your hard-earned money back.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
CCG Trade Regulations and Security
CCG Trade is an anonymous online trading brand we know nothing about. We got no information on the company owner, headquarters, or the governing law on their website. Basically, investing money with this company would be equal to throwing it down the sink. You will never see it again, and you have nobody to complain to.
Avoid shady companies and always look for Tier1 regulated firms such as the FCA, BaFin, ASIC approved.
CCG Trade Warnings From Financial Regulators
After many complaints about the brokerage, UK FCA issued an official warning against CCG Trade. They also discovered another entity of the same company, Bitex, that they included in this warning.
As per the FCA, CCG Trade is a scamming company without financial regulation, and none of those who had issues won’t be entitled to the FSCS compensation fund.
Fund Withdrawal Issues
So far, it’s not surprising that everything related to CCG Trade is a scam. Once you decide to invest your funds, prepare for a shock. This unregulated anonymous company asks clients for a minimum deposit of $5,000! Moreover, after you invest, they keep asking for more, and nothing is ever enough. There’s always a better market opportunity and more money to make.
Once you submit a withdrawal request, it will be denied, your account blocked and you will never see your funds.
Traders About CCG Trade Scam
Among those who have a lot to say regarding CCG Trade broker are their investors, of course. According to CCG Trade reviews, employees of the company are rude, requesting access to your computer via AnyDesk, and get aggressive if you turn them down. Also, as mentioned, there are complaints about blocked accounts, where the company blamed traders for having changed email or phone numbers.
Here is just one of the examples:
Ccg trade, broker Mike Moreno, total scam artist, don’t trust this person with your hard earned money.
Shame on you Michael, if that’s your real name.
Don’t forget, what goes around, comes around.Scam Victim
How Does Online Trading Scam Work?
Online trading scams always start with an ad showing you all of the market potential. Once you’re hooked and want to hear more, the broker’s employees are restlessly calling you until you make an initial deposit. And after you do, you’re transferred to an account manager, who’s most likely a shark chasing your money. They will ask for access to your online banking, pressure you to show them all of your savings, checking accounts, real estate. Also, once you refuse to give your funds to them, your trading account will be blocked.
Beware of the CCG Trade scam.
Scammed by CCG Trade?
Dealing with CCG Trade, you must have been through a lot of issues. Investing in such an illicit operation is never good. However, we are here to assist you as we have helped many of the CCG Trade victims. We’ve helped them file a dispute and request a chargeback.
But what is a chargeback?
It’s a way to reverse the fraudulent transaction if you prove you were a victim of an online scam. For that, let professionals do their job. Acquire free consultation via online chat, get all of the information, and fight back. Don’t let scammers go away for free!
What is CCG Trade?
As we know, this is an online trading brokerage without headquarters or any kind of regulations.
Is CCG Trade a scam?
Yes, this is a fraudulent online trading brokerage that hasn’t disclosed basic information, including governing law.
Is CCG Trade regulated?
No, CCG Trade is not regulated and provides financial services illegally.