Cryptomaxoptions Review: is Blacklisted by the FCA

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Cryptomaxoptions Review: is Blacklisted by the FCA

Cryptomaxoptions the platform promises investors high returns. Before investing with any entity you need to know what you are signing up for. Therefore, a company should provide sufficient information regarding its business. They need to give you a reason to entrust your funds in their care.

Cryptomaxoptions Review, Company

The venture has multiple red flags that we cannot turn a blind eye to. They do not have a legal document that binds traders to the entity. The trading conditions are also questionable and you can clearly see you will not generate passive income with the platform.

Cryptomaxoptions is a blacklisted broker that has received a warning from one of the popular regulatory bodies in the market. Trading with the scheme is dangerous and will only leave a negative account balance in your account.

Nonetheless, the entity claims it has the latest security protocol. They assure customers their money is safe. The broker also states it has the best asset management policy. The minimum amount to deposit in the entity is beyond the average market standard. 

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Cryptomaxoptions misuse its space. Instead of showing investors what they are getting or discussing their business, the firm features info regarding what BTC is and how you can make money by trading cryptos. 

The company furthermore claims it generates 98% from their daily win. The mechanism the software is using is unknown to us. The entity claims it has a mining team. Cryptocurrency mining, especially for BTC, is expensive. The hardware and software are expensive. 

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Cryptomaxoptions falsely claims it has a license from the SEC. There is no financial body in their right mind that would give a scam a license. Your personal information can also be compromised and be sold to scammers. 

The broker has fake testimonials. You can easily tell because they are using stock images. The company has written the statement itself. Instead of dealing with them, you can look for a genuine entity.

 Trading Conditions of Cryptomaxoptions

The company appears to be offering shredding services for the most volatile assets in the market. They claim investors can trade forex and crypto all products. Unfortunately, we do not see an active trading interface. This is a problem because without proof of trading or available platform the entity does not do what it claims.

Cryptomaxoptions has a chart with various prices of stocks, currency pairs, and crypto. It is only a ploy to make you believe in their narrative. Legit investment platforms provide the popular MetaTrader interface to clients. 

Investors can customize their trading EAs, use efficient trading strategies, numerous indicators, and top-notch tools. Engage with entities that care about the security of your funds. The terms and conditions policy is unavailable. Therefore, you won’t be aware of what you are signing up for.

The information pertaining to leverage and spread is missing. Furthermore, it is evident that there are no trading activities taking place in this Ponzi scheme. They are looking for naive customers to steal from.

Withdrawal and Deposit

The minimum amount that you can deposit is $200. Cryptomaxoptions guarantees customers they will receive a profit of $2000 after making the deposit. Genuine companies will not make such absurd promises since the market is unpredictable.

Additionally, as we have earlier stated the broker does not have trading software. Their results and performance are not provided. You should not believe the information published on the website as this is only a sales pitch.

Cryptomaxoptions accept funds via crypto payment. Bitcoin payment is one of the best options in the market as it is swift and has minimum sales compared to other methods. It is impossible to issue a chargeback once you make a deposit. Moreover, the information of the recipient remains anonymous. Scammers take advantage of this feature to steal from innocent investors.

The entity has a deposit bonus that is ridiculous. Bonuses withdrawal requires you to meet unrealistic trade volume for you to cash out. Since there is no legal documentation on their website it is unclear the requirement the traders have to meet.

We do not know the minimum amount that you can cash out from Cryptomaxoptions. Avoid engaging with suspicious platforms so as not to risk your safety. The promises made by this Ponzi scheme only intend to catch more victims.

Regulation Status of Cryptomaxoptions

 The company claims it has an office in the United State of America. It is one of the top regulated countries when it comes to investment schemes. Even some of the native schemes in the market choose a location. A broker cannot conduct its activities without having a capital of 2 million dollars.

It should also present the name of the account managers and the parent company for accountability purposes. Cryptomaxoptions is a funny scheme claiming to have a license from the Financial Conduct Authority (FCA). This is the agency of the United Kingdom. It requires platforms to deposit capital of 730k Euros before collecting funds from its citizens.

The capital must be segregated in separate accounts to keep the fund of investors separate from that of the company. Regulatory bodies require all investment platforms to work with reputable financial institutions. Fund safety is not guaranteed in the platform.

Cryptomaxoptions is on the blacklist of the FCA. This proves all our allegations are true. The company is doomed to fail and within no time the system will collapse. There’s no negative account balance protection and you can end up losing more funds than you initially deposited.

It is important that you stick to the regulated financial service providers. If The entity suffers bankruptcy you stand a chance of receiving compensation. Investors are also protected against unattractive trading conditions. 

Contact Details and Contact Details

Cryptomaxoptions claims it is based in the United Kingdom. However, this is another false statement. The actual location of the scheme remains discrete. You should be cautious when dealing with such a murky venture. The means of communication you can use to reach the broker will only work if you are willing to spend more funds. 

Cryptomaxoptions Review, Features

Unfortunately, once the con artists realize you have run out of funds they are going to cut you off. The phone number will not go through as they will have blacklisted you. Eventually, the firm will disconnect their phone number leaving you high and dry. 

Cryptomaxoptions cannot respond to the email address. There is a lot missing from their website. Making one wrong move with the anonymous entity will give you a negative account balance. Legit platform hires professional support that responds in time. 

Final Verdict 

The list of Cryptomaxoptions red flags is endless. The company does not have a license to make matters worse the broker has a warning from the FCA. Entrusting your money to the platform will lead to losses. The platform has a fake address. They have only been in the market for a few months, nothing to prove they are profitable.

Here is a list of some of the best cryptocurrency trading ventures. They have received endorsement from traders that have tried out their software. Moreover, these firms are regulated and you will sleep soundly knowing your money is well taken care of. 

Which trading platform is available?

No, the firm does not have contact details and they will not help resolve any issue that you face.

Unfortunately, they do not have a license.

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