Beware! Cex-investment is an offshore broker! Your investment may be at risk.
Cex-investment Key Facts
🔴 Cex-investment offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Cex-investment is deceptive with crucial contact information – beware!
🔴 Cex-investment lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Cex-investment's domain has been registered only recently – another off-putting detail!
Cex-investment products and services
Cex-investment is a scam investment company – it advertises daily profit rates of 10%, which is not possible for anyone to achieve. The company is simply trying to pocket your money and run with it.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Cex-investment company and regulation
Cex-investment is not a licensed entity – it presents us with a certificate from the UK Companies House – we did not even bother to check if it is a real document, as the House is not the body that oversees the UK markets – this is the job of the FCA, which has absolutely no information on Cex-investment whatsoever.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Cex-investment address and contacts
Cex-investment claims to operate on the following address – 118 Pall Mall London England SW1Y 5ED. This is not possible, as the company is not licensed to deal in the UK, as we explained above.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Cex-investment website info
Cex-investment operates on a domain that has only been around since April 2021 – making it less than a month old at the time of writing. This is a very obvious scam sign – recent domains are the homes of scammers. The same can be said about unpopular ones – of which Cex-investment's website is one, with SimilarWeb not even listing it due to the low traffic it receives.
The owners of the domain have also covered their tracks – they are not available to a WhoIs lookup, which is a blatant breach of the principles of transparency. The domain is hosted on the 199.188.200.225 IP address – along the over 1000 other domains on there, some scammers can be found – the ones we have covered are available below:
| Supercryptonetwork | Cex-investment |
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.