Cryptoex review – is a scam or a good crypto investment service?

Cryptoex review – is a scam or a good crypto investment service?

Cryptoex Key Features

🔴 Cryptoex services are not trustworthy – a warning sign!

🔴 Cryptoex is under no regulatory oversight – a red flag!

🔴 Cryptoex is affiliated with other scams – a red flag!

🔴 Cryptoex creates irrational expectations – a red flag!

Cryptoex Products and Services

Cryptoex claims to be able to provide its clients with insane profits by them investing in one of the following plans:

Of course, such insane profits are not possible with any firm – and the proof that Cryptoex is no exception lies in the fact that, were that the case, the people behind the firm would have invested their own money and made a killing without needing to worry about paying you, or any other middleman your dues! The fact they have not done so means Cryptoex is just another crypto HYIP!

HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.

That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.

Cryptoex Company and Regulation

Cryptoex is completely unlicensed – it claims to operate from the UK, but it does not have an entry in the register of the regulatory body that oversees the UK market – the FCA!

The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.

In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.

Cryptoex Address and Contacts

Address:217 Summit Boulevard Birmingham, AL 35243
Phone number:+447418321930
E-mail:[email protected]

Cryptoex cannot operate from the UK without the license we described it lacking above – therefore, the firm lies about its whereabouts, which is a common sign of a scam.

When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products. Website Info

SimilarWeb RankingNone at the time of writing
Server Country USA
WHOIS Reg. Date2020-04-15
RegistrarPDR Ltd. d/b/a
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Cryptoex is not the first scam company on the IP address it is registered on. To date, we have covered at least one more firm there – so there is no way that the two are not connected! Stay away from any company that is connected to any of the firms in the table below, as it is common for scammers to run several schemes at the same time. Due to the short-lived nature of their schemes, their websites get shut down all the time – and it is quite common for them to do as Cryptoex does! However, it does mean that the people running this particular scheme are quite highly organized and rather dangerous for it! Stay away from them at all costs!

IntrexInvestmentLtd Cryptoex

Is Cryptoex Safe?

Cryptoex is not a safe, nor a reliable company! The best course of action to take if it crosses your path is to avoid the company!

Scam Warning

Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.

The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.

As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.

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