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CryptoFXOption Review: Cryptofxoption.com Forex Scam

CryptoFXOption Review: Cryptofxoption.com Forex Scam

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CryptoFXOption (Cryptofxoption.com) is another Crypto Currency and Forex scam to hit the lucrative Forex trading world. Crypto FX Option is purporting to offer the best trading conditions in the industry. All users have to do is sign up and choose their favorite options. CryptoFX Option is simply trying to attract unsuspecting investors into their online scam platform. Want to know more? Read this detailed and honest CRYPTOFXOPTION Review for more.

CryptoFXOption Review

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CryptoFXOption Review

After receiving numerous email complaints from members of this platform, we had to conduct an investigation. Sadly, our research proves CryptoFXOption is another rotten online scam platform targeting investors. What these scam artists have done is come up with ways of stealing from investors. By cloning a trading website, investors are led to believe Crypto FX Option is a real trading platform. Looking closely at their website, there are a lot of red flags which we must expose.

Online scam artists are known to develop websites which look like trading websites. And this is what CryptoFXOption has done with this dubious online Crypto Currency trading platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away. It is best you stay away from this platform as members are already crying foul. Without having access to their funds, members who deposited with this platform have been swindled. We need to expose these scam artists.

About CryptoFXOption

CryptoFXOption is selling the idea that they are based in the UK. If you are based in Europe, they can also offer Binary options trading which is ideal in Europe. A huge problem with this platform is they fail to offer any meaningful address. Once you look at their contact page, you will notice they only leave a phone number. Scam artists are now using virtual numbers to hide their actual locations. It is best to stay away from this platform as it is marred by anonymity.

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Anonymous online investment platforms are bad news to any investor and trader. Who are the founding members of this platform? Why can’t we get the names of people who are running the show? It is what makes trading with such a platform a big difference as they are clearly anonymous. The thing with anonymity is that you will never be able to recover funds deposited to anonymous websites. Scam artists thrive behind anonymity as they know catching them is next to impossible.

Is CryptoFXOption licensed or registered?

If this platform is located in the UK, you would expect license or regulation from UK authorities. We contacted the FCA which governs all Forex related matters in regards to this platform. A search conducted on their registered pages revealed no broker or platform is licensed under this name. It is clear CryptoFXOption is another rotten platform with no bearing whatsoever. Without a valid trading license, users are depositing funds to an unknown third party. Funds are never safe with an anonymous website because they don’t follow strict guidelines.

Why has the platform failed to post any details regarding their license documents? A real trading platform will easily post their credentials for all to see. By doing so, they show transparency and enables users to do a background check on them. Without a valid trading license, it is clear Crypto FX option is operating under false pretense. It is best to stay away from this platform. Choose those who are regulated by ASIC, CONSOB, CySEC, FCA, NFA, and SEC.

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Advantages of CryptoFXOption

After searching through their entire website, we could not find any advantage of trading with this platform. To set the record straight, CryptoFXOption is anonymous and lacks a valid trading license. Website has a few flaws top of them being lack of a secure trading platform. It is what attracts hackers to this site as they can easily steal your identity. A website with no basic protection is an easy target for hackers. We also have reason to believe this platform is selling personal data to third parties.

Disadvantages of CryptoFXOption

Accounts offered

CryptoFXOption Account Types

CryptoFXOption is furnishing users with five different account types to choose from. Accounts are listed as Basic, Bronze, Silver, Gold, and Platinum. With a welcome bonus starting at 40%, users are signing up without a second thought. Why issue a bonus and later ask for it? Accounts also share similar characteristics which is not normal.

Fake awards

Have you checked the awards listed on their homepage? We contacted several leading brokers and regulatory bodies for confirmation. It is clear these awards are fake as no one seems to know this platform. If you look closely at the awards posted, they are merely badges. A real award would have their name engraved on the award. It is why we believe CryptoFXOption is nothing but another online scam.

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No Demo Account

Another disturbing feature with this platform is lack of a demo account. How fast does the platform execute trades? Is this platform stable enough? These are questions which a demo account easily answers. Without a demo account, it means users are signing up blindly. What’s to stop these scam artists from rigging results in their favor? It is why you need to try out a demo account before committing to a real account.

Payment methods

We still don’t know the how members are funding these accounts. When we contacted three different members, they all gave different depository channels. One member was given a bank account, another used E-wallets, and the last one used Western Union. Why have they failed to post their depository channels on their website? What is clear with this platform is no one has been able to withdraw funds. A platform which refuses to allow users to withdraw funds is outright scamming from members.

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Are funds safe with CryptoFXOption?

How can funds be safe with a platform which is anonymous and lacks a valid trading license? Segregation of accounts is also a huge problem as CryptoFX Option is pooling funds in one account. Members are depositing funds straight to owner’s bank account. Without realizing it, members are filling the pockets of the people running this website? It is simply a rotten platform.

Is CryptoFXOption a scam?

CryptoFXOption Trading Platform

It is clear we are dealing with a platform which is stealing from investors.

Bottom line

We will be adding this platform to our scam blacklist to protect our readers. Make sure you warn your family and friends from signing up with this platform.

Wishing you all the best in your Forex trading experience.

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