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2023 KryptoFX Review Update: Please note that the platform is now blocking some members from accesing the website.
KryptoFX is now claiming there’s geo-restriction taking place. These are just scam tactics to block most members from withdrawing funds.
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KryptoFX claims to be an intuitive and customer-oriented platform for investors who want to make money with Forex and Cryptocurrencies. As an investor, KryptoFX promises you the ability to execute your trades from a single account across many exchanges. Of course this concept might sound like a good idea. After all, very few investment platforms offer this kind of thing.
Unfortunately, the truth is tacked beneath the deceptive face of the platform. They are hoping to deceive you. And for them to achieve this goal, they have to sell it using a unique concept which will resonate with most investors looking for that kind of feature in an investment platform.
Yes, KryptoFX appears authentic. But the truth is not yet known by many people to land on that website or at least after they send their money and things go south. That’s when they learn that they’ve been deceived.
This KryptoFX review will tell you the twisted facts and give you an accurate picture of who these guys really are. This brokerage is quite deceptive. You must know this fact. But you must also read on to learn more facts.
We’d like to know the person behind this investment brokerage. Naturally, this would lead us to looking into their about us page to see if we can find any identifying information.
Unfortunately, their about us page doesn’t give us what we want. This information is contained in their contact us page.
The site is operated by an entity called System Tech 5 LTD (according to them). Now, when we look at their terms and conditions, they don’t mention anything to do with System Tech 5Ltd. Instead, they tell us that this brokerage is owned and operated by ”Krypto FX”. Unfortunately, we have not been successful in validating this claim.
Krypto FX does not appear to be an authentic company since its existence is mysterious. We have searched it with the BBB and even search engines like Google to no avail. So clearly this is not an entity to be trusted if it ever existed.
The good news, however, is that we were able to find the company called System Tech 5 LTD. Companies House records indicate that this company was dissolved on 4th April 2017.
Before it got dissolved, the company was filed under number 09315004, and their physical address was 3 Bolsover Street, London, England w1W 6AB.
What does this information tell us? It tells us that KryptoFX is operated by a company that got dissolved long time ago. That is something we should consider really weird. It is a red flag that must not be ignored. If KryptoFX was related to this company, we don’t see why they should continue operating this investment brokerage claiming that they are affiliated to the dissolved company. But since that is what they are exactly doing, we can conclude that something is really wrong here.
The prospective investor might think that their investment offers are optimal. KryptoFX seems to be a Forex and Cryptos investment outlet that connects investors with multiple exchanges. The site has also implemented a charting solution. This is an elementary feature which the site is taking great pride in.
The site does not reveal any minimum investment or procedures which clients must go through in order to get started. Therefore, we are assuming that once an investor signs up, this minimum investment will be revealed.
Krypto FX does not seem to have their own investment platform. That is why they are providing an opportunity for investors to connect with outlets such as OKCoin, Poloniex, Bittrex, Cryptonit, Vaultoro and so on.
These exchanges support a wide variety of Cryptocurrencies for trading. You can expect all kinds of major Cryptocurrencies here. The Forex aspect of Krypto FX manifests in form of pair options. You can either fund your account in fiat or Crypto currency.
Since Krypto FX is providing a charting solution, they should have trading indicators and alerts as well, something that manual traders will be glad to use if only this platform was an authentic means of trading.
The many red flags that have manifested on this platform can’t be ignored. One of the many red flags is the aforementioned links with a company that stopped existing.
What is essentially the meaning of this? It shows that the operators of KryptoFX are no long accepting responsibilities for any problems that may arise.
The other red flag is that KryptoFX is making use of false testimonials to lie to investors. They even make use of stock photos to deceive would be investors.
Now, this is obviously a marketing ploy. It is unacceptable. The reason why they are making use of fabricated testimonials is because they are desperate, and they are now making an attempt to convince you that their platform is authentic even when it’s not.
Last minute desperate attempts don’t automatically mean that people will get convinced. If they are using sleazy marketing tactics to lure in customers, it will work against them in the long run.
In addition to this, Krypto FX is affiliated with exchanges that appear to be scam and even malicious. This fact alone should send shivers down your spine because nothing is authentic here. If you want to know the reputation of these exchanges, just make use of BitcoinTalk.org forums and you will read conversations of people who have been scammed by these exchanges.
The same exchanges are now working with KryptoFX to further their agenda. Already we have seen that KryptoFX is anonymous and the red flags are unbearable. These elements depict them in a negative light. It proves that KryptoFX cannot be trusted no matter what.
While they try very hard to convince investors that they are a legit investment destination for Forex and Crypto traders, that is not the case at all. They have failed to persuade us. They are also using pitiful marketing tactics. People can only make money with Forex when they use these trading tools. If we are talking of Cryptos, then these companies offer the best mining opportunities.
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