Caution! Cryptoexchangefxtradeonline is an offshore company! Your funds may be at risk.
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Cryptoexchangefxtradeonline Key Facts
🔴 Cryptoexchangefxtradeonline offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Cryptoexchangefxtradeonline forges crucial contact information – beware!
🔴 Cryptoexchangefxtradeonline lacks a license for the provision of its services – a huge red flag!
🔴 Cryptoexchangefxtradeonline’s domain is incredibly unpopular – another off-putting detail!
Cryptoexchangefxtradeonline products and services
Cryptoexchangefxtradeonline is simply a scam – it might offer incredible returns on investments, starting from 30% daily, but there is no way for anyone to actually achieve such turnovers – Cryptoexchangefxtradeonline is simply trying to steal your deposits.
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.
Cryptoexchangefxtradeonline company and regulation
Cryptoexchangefxtradeonline is not a licensed company – it does not mention holding a license once on its website and this eagerness to operate outside of the law is quite troublesome.
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.
Cryptoexchangefxtradeonline address and contacts
The address line Cryptoexchangefxtradeonline provides us with is 3031 Tischway Ste 80 San Jose CA 95128. However, without a license to confirm it, we simply cannot take the company’s word for it – we do not believe Cryptoexchangefxtradeonline to be stationed there.
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.
Cryptoexchangefxtradeonline website info
Cryptoexchangefxtradeonline’s domain has been online since last September. Still, it has a rather short lifespan, which is a sign of a scam. Another such scam is low traffic, and Cryptoexchangefxtradeonline is not featured on SimilarWeb at all, so you know that it displays both signs. There is also the matter of the IP address it is hosted on – 220.127.116.11. There are 29 other domains there, some also scammers. The ones we have reviewed can be found below:
The owners of the website have concealed their identities from WhoIs lookups – this is yet another sign that they do not wish to comply with common transparency policies.
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.