CS-Dex is a cryptocurrency broker that claims to offer a variety of services, including trading, margin trading, and staking. However, there is a growing body of evidence that CS-Dex is a scam.
Company Overview
CS-Dex was founded in 2022 and is based in the Seychelles. The company claims to have a team of experienced traders and financial professionals. However, there is no information about the team members on the CS-Dex website. Their website requires you to connect your wallet to see the details. It is not safe to connect your wallet with a website which you don’t know.
Services and Products
CS-Dex offers a variety of trading products, including cryptocurrency pairs, commodities, and indices. The company also offers margin trading and staking services. However, there are no fees or spreads listed on the CS-Dex website.
License and Regulations
CS-Dex is not licensed by any financial regulatory authority. This is a major red flag, as it means that the company is not subject to any oversight. Unlicensed brokers are more likely to engage in fraudulent activities, such as running away with client funds.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight, which means that they can get away with fraudulent activities. Second, unlicensed brokers are often unregulated, which means that they are not required to keep client funds in segregated accounts. This means that there is a risk that client funds could be lost if the broker goes bankrupt.
Legal Warning Against CS-Dex
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against CS-Dex. The FCA has warned that CS-Dex 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 complaints about CS-Dex online. Some clients have alleged that they have been unable to withdraw their funds from the platform. Others have said that they have lost money trading with CS-Dex.
Feedback About Their Trading
The trading platform offered by CS-Dex is said to be buggy and unreliable. Some clients have reported that their orders have not been executed as instructed. Others have said that they have been unable to access their account.
Feedback About Their Customer Service
The customer service offered by CS-Dex is said to be poor. Some clients have reported that they have been unable to get in touch with customer service representatives. Others have said that they have been given unhelpful or misleading information by customer service representatives.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by CS-Dex, there are a few things you can do. First, you should report the scam to the Financial Conduct Authority (FCA). You can do this by filling out an online form.
Second, you should try to get your money back. This may be difficult, but it is not impossible. You may be able to get your money back through a chargeback or by filing a lawsuit.
Third, you should contact us for a quick help. Our experts can help you recover the money by providing a free consultation call and professional guidance to understand the best option for you.
Final Thought
CS-Dex is a scam broker that should be avoided. If you are considering using CS-Dex, please do your research and read the warning issued by the Financial Conduct Authority (FCA). There are many legitimate cryptocurrency brokers out there, so there is no need to take the risk of using an unlicensed broker like CS-Dex.
We hope this article has been helpful. If you have any further questions, please feel free to ask.
