Crypt fx ™ is a forex broker that claims to offer a wide range of trading services, including forex currency pairs, commodities, precious metals, stock indices, and cryptocurrencies. However, there are a number of red flags that suggest that Crypt fx ™ is a scam broker.
Company Overview
Team
The team behind Crypt fx ™ is anonymous. There is no information on the broker’s website about the management team or the company’s history.
Services or Products
Crypt fx ™ offers a wide range of trading services, including forex currency pairs, commodities, precious metals, stock indices, and cryptocurrencies. However, the broker does not provide any information about its trading platform or its spreads and commissions.
License and Regulations
License Status
Crypt fx ™ is not licensed by any reputable financial regulatory authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation.
Regulation Status
Crypt fx ™ is not regulated by any financial regulatory authority. This means that there is no governing body to protect investors from fraud or unscrupulous practices.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why dealing with an unlicensed broker is risky. First, unlicensed brokers are not subject to any oversight or regulation. This means that there is no one to protect investors from fraud or unscrupulous practices. Second, unlicensed brokers may not have the financial resources to meet their obligations to their clients. This means that investors could lose their money if the broker goes bankrupt. Third, unlicensed brokers may use misleading or deceptive practices to attract clients. This could include making false promises about returns or using high-pressure sales tactics.
Legal Warning Against Crypt fx ™
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Crypt fx ™. The FCA has warned that Crypt fx ™ is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Crypt fx ™ online. Some clients have complained that they were unable to withdraw their funds from the broker. Others have said that they were not able to get in touch with customer support.
Feedback About Their Trading
Clients who have traded with Crypt fx ™ have reported that the broker’s trading platform is slow and unreliable. They have also said that the spreads and commissions are high.
Feedback About Their Customer Service
Clients who have tried to contact customer support at Crypt fx ™ have reported that they have been unable to get in touch with anyone. They have also said that the broker’s customer support is rude and unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by a forex broker, there are a number of things you can do. First, you should contact your bank and report the fraud. You should also file a complaint with the Financial Ombudsman Service (FOS). The FOS is an independent organization that can help you resolve disputes with financial services providers.
In addition, you can also seek help from “Reviews Advice”. Reviews Advice is a website that provides information and advice to people who have been scammed by forex brokers. The website offers a number of resources, including a forum where you can connect with other victims of fraud, a list of lawyers who specialize in forex fraud cases, and a guide on how to recover your money.
Final Thought
Crypt fx ™ is a suspicious forex broker that should be avoided. The broker is not licensed by any reputable financial regulatory authority and there are a number of negative reviews about it online. If you are considering trading with Crypt fx ™, we advise you to reconsider. There are many legitimate forex brokers out there that offer a much safer and more reliable trading experience.
