CryptoFXPro Review – Beware Of This Dishonest Fraud Broker

Online stock trading has become prevalent among a new generation of traders. This has many advantages, from more control and flexibility to comfort and profitability. Whatever reason motivates you, it can’t be denied the rise of forex markets. 

As with all new trends, there are involved risks. Thus, all of you should be aware of the menace of trading scams. With this in mind, we have designed the following CryptoFXPro review to warn against this fraudulent broker. So, please proceed with reading the article. 

In short, you will find out that the CryptoFXPro broker is not authorized to render services anywhere. Even more, it doesn’t even have a useful trading platform. What is worse, its web page consists of phishing links. So, when you open some sections of its website, you get a warning from a search engine.

This means that this scammer pretends to be a trustworthy source in order to attract people and steal their personal info like credit card details. All in all, avoid CryptoFXPro like the plague.

Does CryptoFXPro Have Licenses?

In a nutshell, CryptoFXPro is an unlicensed and unregulated broker. It claims to be registered in the UK. However, there is no proof of it. 

Furthermore, even if it is based in this jurisdiction, it doesn’t have a mandatory FCA license or any other trading credentials. So, it operates anonymously and illegally. That is why it is blacklisted by two financial authorities (at the moment of writing this article).

CryptoFXPro is a complete fraud. It doesn’t hold a license and operates anonymously. Moreover, several financial authorities alert against this broker. Also, its web page is declared a phishing site. Not to mention that it doesn’t have a functional trading platform and provides inopportune conditions. Overall, please steer clear of CryptoFXPro.

Arguments for Trading With a Licensed Broker

In contrast, investing with credible brokers offer many benefits — from auspicious trading conditions and modern trading platforms to funds protection. As for the latter, especially forex providers certified by ASIC, FCA, and BaFin are reliable. These high-ranking financial market regulators enforce strict licensing requirements. 

For instance, a broker must maintain a minimum operating capital (up to several million dollars). In addition, they run compensation schemes covering traders in the case of adverse events (e.g., bankruptcy). For example, BaFin indemnifies up to 100,000 EUR per trader.

On top of that, legit companies maintain safe trading environments by mitigating trading risks. Hence, they employ negative balance protection and keep your money separate from their capital (i.e., segregated funds). None of this is available at CryptoFXPro.

Warnings From Financial Regulators As a Red Flag About Scam

As mentioned, CryptoFXPro is on a warning list made by two supervisory bodies.

• AFM: This agency controls securities markets in the Netherlands and alerts against CryptoFXPro. AFM is among the most notable financial authorities, ensuring that brokerage companies adhere to the ESMA (European Securities and Markets Authority) legislation.

• BCSC: British Columbia Securities Commission is a Canadian territorial financial market regulator that has recently issued a warning against CryptoFXPro.

CryptoFXPro Available Online Trading Platform & Tools

Regarding a trading platform available at CryptoFXPro, it is worthless software. It can’t offer safe and profitable trading but puts you at greater financial risk. 

Unlike this, legitimate companies provide state-of-the-art technology, ensuring success. This is enabled thanks to advanced tools (e.g., social trading, EAs, and stop loss) at the latest programs like MetaTrader 4, MetaTrader 5, cTrader, and Sirix.

Can Access The Trading Platform From Mobile Device?

Additionally, the CryptoFXPro trading platform doesn’t just lag in terms of functionality but is not available on different devices. By comparison, cutting-edge programs allow trading from browsers, smartphones, tablets, and desktops. Their versatility is not at the expense of their quality. 

Lastly, we advise against downloading any program from the CryptoFXPro website since this fraudster will take any opportunity to defraud you.

Which Assets Can The Investor Trade?

If you wonder what can be traded on CryptoFXPro, this financial swindler allegedly provides the following trading instruments.

• Currency pairs: AUD/CAD, EUR/CHF, NZD/JPY;
• Stocks: Microsoft, Adidas, Google;
• Indices: Nikkei 225, ASX, DOW; 
• Commodities: crude oil, copper, platinum;
• Crypto: Tether, Ethereum, Ripple.

Remark, we want to point out that regardless of what financial markets are available at this manipulative trading platform, you shouldn’t buy it. Remember, that scam brokers use many dirty tricks to rope you into investing.      

Where Does CryptoFXPro Engage In Fraud? – Countries Of Service

With reference to countries of service where this fraud operates, it is predominantly focused on scamming traders from

• Canada
• UK
• South Africa.

In any case, this list can be longer. For reference, forex brokers delivering services in the foregoing markets must be accredited by respective financial authorities. For instance, a relevant Canadian territorial regulator, the British FCA, and the South African FSCA. Thereby, if you are based in these countries and come across the CryptoFXPro offer, please ignore it for the sake of financial security.

Furthermore, we strongly advise you not to invest in the bogus brokers PredCoin, StateHills, and BitAurox. If you want to save money, don’t trade with these unlicensed brokers!

Trader’s Reviews of CryptoFXPro

By checking available CryptoFXPro reviews on the internet, it can be noticed that most victims complain about withdrawals. In other words, this con artist doesn’t let traders draw funds out. 

That is typical for scam brokers, making many excuses to prevent payoffs. After all, there are no money withdrawal guarantees with unlicensed brokers. Therefore, CryptoFXPro acts on its own and does as it pleases. 

What Are the Different CryptoFXPro Account Types?

For those wondering what account types are available at CryptoFXPro, here is the outline.

• Standard: 10,000 USD minimum deposit, 1:200 leverage;
• Silver: 50,000 USD minimum deposit, 1:200 leverage;
• Gold: 100,000 USD minimum deposit, 1:250 leverage;
• VIP: 250,000 USD minimum deposit, 1:300 leverage;
• PRO: 1M USD minimum deposit, 1:400 leverage.

Aside from plain rip-off, traders can expect unfavorable trading conditions. This offer is nothing new under the sun and resembles a classic investment scam. Consequently, please stay away from shady brokerage firms with similar offerings of accounts. 

CryptoFXPro Provides a Demo Account Option?

Another feature of broker scams is the lack of a demo account. By the way, this option allows traders to experience real trading for free. 

Every legitimate broker includes it in its package, enabling you to test platforms, conditions, and strategies. Fraudulent brokers can’t cash in on a free practice account so that is why they are not interested in providing it.         

Bonuses And a Fraudulent Scheme

Moving forward, generous prizes are also one of the hallmarks of fraudsters. Accordingly, CryptoFXPro entices traders with conditional bonuses. That means that you must meet some unreasonable prerequisites to be able to redeem a bonus. 

Likewise, this unscrupulous broker will do anything to prevent you from withdrawing rewards, such as altering bonus terms the way it wants. As a result of the mishandling of promotions, they are banned in many markets.

About Leverage, Spreads, and Fees

Speaking of the CryptoFXPro trading environment, keep in mind that it is fabricated to seem productive. In reality, terms of exchange will impede your success. Let’s take for example the high leverage ratio of 1:400. Although it can be profitable, it is risky for less experienced and goes against the legislation. 

For instance, leverage is limited for retail traders to 1:30 in the EU. As for spreads, there is no information about them. However, expect to find manipulated value (e.g., ultra-low spreads to appear cost-effective). Concerning trading commissions, CryptoFXPro doesn’t disclose them. But, this scam artist will probably claim that there are no fees involved.

High Minimum Deposit and Withdrawal Terms

As a case in point, with the starting deposit required by CryptoFXPro, you will realize how obvious its fraudulent intentions are. So, you must put down and risk 10,000 USD to start trading. This outrageous demand is more than enough grounds for steering clear of this phony broker. As opposed to this, a legit broker requests an affordable amount for opening a live trading account (e.g., starting at 10 USD).

With reference to withdrawals, as said, you won’t be able to draw funds from your account at CryptoFXPro.

Payment Methods Available

When it comes to the payment methods available at CryptoFXPro, bear in mind that tricksters accept unsafe crypto wallets rather than secure credit/debit cards and wire transfers. The issue with the crypto payment is the fact that it is challenging for a chargeback. For this reason, hoaxers insist on deposits in digital currencies. 

Anyhow, with the help of cyber security specialists, crypto payments are possible to reverse. More about this is in the following heading.

Scammed by CryptoFXPro Broker? – Allow Us to Hear Your Story.

In case you are scammed by the CryptoFXPro broker, it is important to mention that getting your money back is possible. Know that refunds are straightforward with VISA and Mastercard; you just need to apply for cashback within 540 days. 

As to bank transfers, they are reversible until a transaction is approved. The biggest constraint is canceling crypto payments. As a matter of fact, it requires professional assistance. Apart from chargebacks, you should notify the relevant authorities and leave negative reviews to alert others.

What Is the Process of Chargeback?

In connection with the chargeback, as mentioned, you will need to get in touch with chargeback specialists. Take into account that crypto wallets are anonymous. Therefore, they are hard to be traced and repeal. However, our company can help you retrieve your misappropriated funds, even if it is about cryptocurrencies. Wherefore, contact us for this matter.