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CM CryptoFX (Cm-cryptofx.com) is another rotten Cryptocurrency trading platform out to steal from unsuspecting investors. CMCRYPTOFX is claiming to offer an excellent trading platform with a chance to make 95% profit within 60 seconds. With such a high percentage guarantee, investors have signed up without a second thought. Members who signed up a while ago are now protesting over this platform. Read this genuine CM CRYPTOFX Review for more details.
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With complaints from members of this platform reaching our help desk, we decided to investigate. What we found out is shocking beyond words as CM CryptoFX is stealing from members. No member is allowed to gain access to their funds once they signup and deposit with them. From what we have gathered, this is another online Crypto scam platform targeting unsuspecting investors. To make sure you don’t become their victim, continue reading this eye-opening review.
Professional scam artists will steal your money and never give you the chance to recover it. From experience, we have learnt that these scam artists mimic websites and fool investors. At first glance, you would be fooled to believe this is a real Crypto trading platform. With a well-designed website and catchy sales line, investors will sign up without second thought. And this is where we have a problem with this platform as it is tarnishing the good Crypto trading name. We have to expose this rogue platform.
Capital Market Crypto FX is the company claiming to be behind this trading platform. We searched their website for any clues regarding the history of this company. No information is posted in regards to where the company is registered or their location. Looking at their contact page, we noticed the platform claims to be in different continents. These scam artists claim to be located in America, Australia, and Europe. Scam artists are targeting investors from this region.
Anonymity is another problem we faced with this platform. No one can lay claim of being the owner of a scam platform. Who is the CEO or CFO of the mother company? Why have they failed to disclose names of the founding members? Scam artists don’t want to be contacted as it will leave them vulnerable to authorities. Smart investors know better than to associate with any anonymous online investment platform. Chances of being swindled are high with anonymous trading platforms.
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With claims of being located in three different continents, we had to check with various industry regulators. To confirm their US license status, we contacted the NFA which has never heard of this platform. In Australia, we contacted ASIC which also had no platform licensed under this name. European authorities such as CONSOB, CySEC, and FCA have never registered such a platform. With these official regulatory bodies having no ties with this platform, CM CryptoFX is unauthorized.
The platform also fails to post any copies of their license status on their website. You would expect the platform to have clear copies of their license details posted on the website. Proper trading platforms usually post such details to show authenticity. It also helps users to confirm the license details with authorities. Without these documents, it is clear CM CryptoFX is a scam waiting to steal from users. Make sure to stay away from this platform and never sign up with an unlicensed online platform.
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None can be seen with a platform which is stealing from its own members. With complaints increasing by the day, these are scam artists who will do anything to get your money. Without proper license credentials, these scam artists will steal from you. Funds are never safe with a platform that is unregulated. Anonymous online investment platforms are the leading cause to scam. Stay away from this platform and don’t believe their empty claims of making 95% profit in 60 seconds.
CM CryptoFX is furnishing users with three account types. Accounts are listed as Bronze, Silver, and Gold accounts. The problem with these accounts is the welcome bonus investors are promised. These bonuses are a trap used to lure investors to deposit more funds. The bonus starts at 20%, 50% and 100%. Bonuses have been a bone of contention and authorities are planning to scrap them out. Make sure to stay away from this platform as the accounts are a trap to get different classes of investors.
After sending a message with their chat box, we expected a reply immediately. The reply came after two hours which makes us question the customer support services. Another problem is that although it looks like a live chat, this is a bot. The problem with bots is they answer basic questions and transfer you to an account manager. Account manager will demand you deposit funds and the profits will follow afterwards. Depositing funds with this platform is strictly forbidden.
Another problem we noticed with this platform is having a rigged demo account. A demo account is used by traders to test how well a platform works. With a demo account, you are able to determine the speed at which the platform executes trades. These scam artists have taken advantage of this and rigged the demo results. And this is a trap to make investors want to try out with a real account.
When it comes to depositing funds to this platform, CM CryptoFX is well-covered. Depository channels include MasterCard, Neteller, Skrill, and Visa. The problem with the funding is not depositing but withdrawing funds. No member or investor has come out with proof of ever withdrawing funds with this platform. Stay away from this platform or else face the risk of becoming another victim. Never associate with their account managers as these are their trap mules.
With an anonymous and unlicensed platform, your funds are never safe. The platform is not insuring funds as dictated by the Forex regulations. CM CryptoFX is far from being a perfect platform as it is stealing from members. Another scary feature is lack of segregation of accounts. Users are depositing funds straight to owner’s bank account.
With evidence being clear as day, CM CryptoFX is a scam which must be stopped at once. We hope authorities will take action and shut down their activities. To remain safe, ensure you mark all their emails as spam and never click on any links. Warn your family and friends from joining any of their affiliate links. Whatever you do, never give out your contact details to their so-called account managers.
We will be adding this platform to our scam blacklist and ensure our readers stay informed.
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Wishing you the very best in your trading experience.
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