Cryptenix is a company that views itself as a leading bitcoin trading venture. They promise investors an opportunity to increase their profits with 100 times leverage. Unfortunately, whatever this venture promises will not come to pass.
The entity is a scam that has been flagged by a financial body in the market as untrustworthy. Investors should not waste their time in such a shady platform. The company will not meet the guarantees that they have made.
Cryptenix is trading several assets, one of them being Forex. Their team is allegedly sending trading signals to their clients daily via email and text. They promise you will never miss an opportunity in the market.
However, this is a tactic to win over more victims. There is nothing reasonable that will ever come out of these scammers. The shady firm is also trading indices. They use the MetaTrader4 interface to execute orders.
We would not recommend such an entity to the members of the public. The company is not legit and lack transparency. Invest with reputable Forex trading software that will help you trade automatically. Additionally, you can select the brokers that you want to trade with.
Cryptenix is an entity that was allegedly established by a team of financial professionals and experts. Their main objective was to assist investors to attain success. They use both technologies as well as their knowledge in the market.
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Unfortunately, the company fails to provide proof to back up their claims. The platform does not credit the team that they are bragging about, and it brings up the question, is there a team or is this a mastermind of an individual fraudster?
We can’t tell, but given the nature of this scheme, we highly doubt they have the skills or infrastructure to offer better trading opportunities. You will get nothing but regrets from Cryptenix. The platform is not the best in the market; they are just bluffing.
The scam also boasts that it has been featured on various media. It is important to note that some of these Ponzi schemes will use funds to market themselves. It does not imply that they are legit. They pay a hefty fee to be featured on these magazines to get to steal from innocent traders.
Moreover, Cryptenix also brags they have won several awards. The platform features information showing they are the best. Nonetheless, the firm does not state the organization that warded them the trophies. The company is a self-proclaimed best venture, while the fact is this is a losing venture. Watch out for them!
Withdrawal and Deposits
Investors can fund their accounts using Wire Transfers, Visa, and MasterCard. The least amount of funds that you can deposit in this platform is 500 EUR. The platform does not have any other cheaper account. The market standard amount is $250; we do not know this shady venture charges outrageous fees.
They have four trading plans, which we do not recommend traders purchasing. Cryptenix has contradicted statements regarding the time it takes to handle the requests. The firm state that they take a few hours or 24 hours to process a cash-out.
However, on their terms and conditions, the company state, I take 5 to 7 business days. Whoever is responsible for this entity is not severe. Additionally, clients are subjected to a commission of $100 for the inactivity of 45 days in their trading accounts.
Before you request to cash out, you must have traded for at least 20 times. Otherwise, you will end up being penalized a charge of $100. The company has outrageous requirements for their clients, yet their services are not the best. We would advise that you stick to licensed ventures.
Investors who will fall into the scheme of this scam will not make any profits. The entity has nothing to offer, and money shall be lost in the process. The entity also claims that they have trading bots, but they will only increase your losing chance.
Available Trading Platform
Cryptenix claims that investors can use Sirix and MT4 platforms. However, the company is lying as it only has a web-based interface. Traders prefer the MetaTrader interface due to its numerous advantaged; therefore, this is a big disappointment.
Leverage and Spread
The company is offering leverage of 1:200 to investors. The leverage that they are offering is low, considering the firm is not regulated. Furthermore, Cryptenix has already acquired a warning from FCA, and investors should look for better alternatives in the market. The currency pair of EURUSD has a spread of 0.4 pips.
Cryptenix office address is allegedly based at 238 Agias Fylaxeos Street, Anna Court, 1ST Floor, 3082 Limassol Cyprus. Customer support can be contacted via email, filling up a contact form, or giving them a call.
Regulation and Registration
Cryptenix claims that it an entity that is supervised by Finplex Group Limited. The company is not authorized by any government to conduct business on their land. The platform, since it’s located in Cyprus, ought to have a license from CySEC, which is the financial watchdog of the country.
Unfortunately, the platform does not have the document. Moreover, the Financial Conduct (FCA) of the UK has issued a warning against this venture. The company is, therefore, a scam that is operating illegally.
Cryptenix, in its terms and conditions, claims it is licensed by the government of Saint Vincent and the Grenadines. We all know that this is an offshore entity that is not based in the actual location they claim. The entity wants to confuse investors. SVG does not regulate forex trading/
To avoid losing funds or exposing yourself to more risks, kindly stay away from such entities. Dealing with a regulated platform is a form of security, and it will be better off because you can get repayment in case of insolvency.
Additionally, licensed firms operate ethically, minding their customers, unlike Ponzi schemes. Cryptenix is a company that does not have what it takes to run legally. Therefore, stay away as they can exit the market on their own terms.
Cryptenix claims that their company was launched in 2010. However, a quick search on Whois.com will show you that the firm does not have a trading history. Cryptenix.com was launched in June 2020. Therefore, they are lying to investors.
Unless they existed using a different trademark, which we highly doubt. Moreover, the firm is not reputable. The traffic coming to their website is lurking. The platform ranks at 3,132,036 globally, and we don’t know the area they target their audience from.
Investment is a very serious procedure, and your safety should come fast. You should be very careful when engaging with various companies. The reason being not all ventures are trustworthy as some are only after traders’ money.
Cryptenix is an entity that brags about having won several awards globally. However, the info is false. They market themselves as a diverse company offering multiple products. Stay on the lookout as the firm is another Ponzi scheme in the market.
Invest with reputable Forex trading software in the market. Your money will be safe, and you can trade for yourself. Moreover, you can also focus on growing our portfolio as you increase your skills.
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