FCYEX Review – Is fcyex.com a Scam Crypto Exchange?

FCYEX Review – Is fcyex.com a Scam Crypto Exchange?

FCYEX Key Features

🔴 FCYEX services are questionable – a warning sign!

🔴 FCYEX isn’t licensed – a red flag!

🔴 FCYEX isn’t transparent – a red flag!

🔴 FCYEX creates unrealistic expectations – a red flag!

FCYEX Products and Services

FCYEX is a fake crypto exchange, and we’ll prove it by the end of the review. So, out of this perspective, we can firmly conclude that all products and services advertised by FCYEX are fictitious and practically fraudulent. And it doesn’t take much to realise that FCYEX is fake – essentially, it’s just a website similar to many others we already reviewed. You can find little information while browsing through it, and it lacks complexity. You’d better avoid FCYEX!

Cryptos went to become extremely popular, and they come with tremendous profit potential, but the assets are pretty complex and a bit enigmatic for the vast majority of people. Bitcoin is still surging, and the entire crypto market is growing exponentially, but all investments carry significant risks, such as high unpredictable volatility and absence of regulation, for example. And we’d also like to emphasize the fraud risk- crypto scams are virtually everywhere. In fact, the latest trend among scammers is to create fraudulent websites offering fictitious crypto investments and mining services aimed to entice unsuspicious investors into scam settings. The fraudulent offers usually stick to the rule “sounds too good to be true”, the entity offering the services is totally anonymous, and there is no regulation whatsoever. So, based on the products and services offered alone, we can affirm that the entity under review is dangerous. You’d better avoid it.

That said, it’s worth considering trendy cryptocurrency alternatives that have already proven to be reliable. For example, many cryptocurrency exchanges like Coinbase and Bitstamp already provide passive income opportunities like BTC and ETH staking, other earning opportunities, affiliate programs, so on and so forth. Both mentioned are law-abiding financial firms that operate transparently, so you won’t be exposed to fraud risks if you trust them.

FCYEX Company and Regulation

FCYEX shares little information about their company, but details on a particular page showed that the so-called exchange is most likely a scam. As you can see from the screenshot below, an entire paragraph is dedicated to explaining the superiority of BitMEX – a legit Japanese crypto exchange. BitMEX has nothing to do with FCYEX, so the latter appears to be a clone firm and a scam! It’s still hard to prove it, but we can confirm that FCYEX is not regulated and is essentially an anonymous website, which is more than enough for you to avoid it!

So, the crypto service under review isn’t a typical firm, and as such, it’s not regulated. The absence of regulation implies that your investments will be at risk if you deposit. Moreover, you won’t have access to complaint procedures or money protection schemes, so if things go wrong, you’ll be the one to suffer the complete loss. Even more so, the digital coin transactions are anonymous, so if you get scammed by a shady crypto provider, you can’t get your money back.

Indeed, cryptocurrency regulation has been a hot topic for a long time. The digital coins themselves are not issued or governed by central banks, but too many countries already have plans to introduce centralized cryptocurrencies. Still, Bitcoin is a peer-to-peer payment system that’s considered too risky for many. However, many crypto firms are now operating with financial licenses; they are transparent, and their clients can benefit from certain customer protection measures if things go wrong. And that doesn’t apply to the entity under review, which is an anonymous and most probably totally illegal enterprise that can switch off its servers, pocket clients’ money and get away with the crime.

FCYEX Address and Contacts

Address:None
Phone number:None
E-mail:None

FCYEX’s contact information is expectedly missing. See, the majority of fake crypto exchanges provide no contact information or ways to approach them and ask a few questions, which is nevertheless always a red flag – the lack of transparency suggests a scam!

Considering investment opportunities, transparency is always crucial. As for cryptos, you already know that Bitcoin is a peer-to-peer payment system, which is designed to protect the privacy and to provide security. However, that doesn’t mean that the crypto providers should also be anonymous. After all, these people will handle your money, so you should at least know who they are and where they operate from. In fact, we need to note that some trustworthy exchanges don’t reveal such information on their websites, but it’s still easy to verify that businesses are legal, law-abiding companies; therefore, it’s always a worrying sign if the crypto provider isn’t transparent.

FCYEX.com Website Info

SimilarWeb RankingNone at the time of writing
IP156.251.27.60
Server Country USA
WHOIS Reg. Date2022-04-27
RegistrarALIBABA.COM SINGAPORE E-COMMERCE PRIVATE LIMITED
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is FCYEX Safe?

FCYEX is not safe! It’s a scam crypto exchange created to rip people off their hard money. FCYEX is anonymous, illegal, not regulated, and very dangerous, so you should avoid it no matter the case!

Scam Warning

Scammers are always riding the trends, so it’s not at the least surprising that cryptocurrency fraud is now blooming. Even more so, the high-tech nature of Bitcoin actually facilitates scams as most people don’t really know how crypto works, so scammers take advantage of the lack of understanding. Indeed, the crypto scam has been here for a while, and it proved to be extremely dangerous- just recall OneCoin, which happened to be a multi-billion Ponzi scheme disguised as a revolutionary digital currency. However, scammers rarely go out of their comfort zone, so most crypto scams happen to be very similar to the typical investment fraud.

The fraudulent crypto schemes are also anonymous and illegal, while scammers introduce themselves with fake identities. There are also too many impersonators resembling the websites of valid start-up companies from where customers get redirected to other insecure fishy payment portals that may as well carry additional security risks. The cons yet again promise the moon and the stars to their victims but won’t deliver a thing in the end. However, the difference between crypto and the rest of the investment scams is that people are more likely to believe that they can become rich overnight as Bitcoin has already proved to have massive profit potential. In any case, you should be very cautious when it comes to crypto, as the markets are plagued by scammers ready to take advantage of you.

5 Comments

  1. Bonsoir tout le monde je tiens à vous informer sur le site FCyexTop,

    Je suis un nouveau utilisateur de cette plate-forme j’ai été initié par une amie à moi qui vient en Chine, pour l’instant tout apparaît normal et le site est d’une efficacité sans précédent, leur particularité et qu’ils ont un compte pour passer démarcher avec un compte à rebours, apparemment ils essayent de développer une nouvelle façon de trader avec une minuterie,
    J’ai déjà un grand j’ai des bénéfices et ma copine aussi, on arrive à faire des taux de réussite de 95 % par transaction

    Je sais pas comment vous partager mes captures d’écran pour quil y est une preuve à l’appui

    Si le site veut bien me contacter pour que je lui envoie les preuves à l’appui,
    1- Transfert de crypto en direction de Binance vers fcyex.top
    2- Historique de trade de fcyex.top
    3- Retrait de cryptodevise de fcyex.top vers binance
    ——————————–
    Good evening everyone I would like to inform you about the FCyexTop site,

    I am a new user of this platform I was initiated by a friend of mine who comes to China, for the moment everything seems normal and the site is of unprecedented efficiency, their particularity and that they have an account to pass canvassing with a countdown, apparently they are trying to develop a new way of trading with a timer,
    I already have a large I have profits and my girlfriend too, we manage to make success rates of 95% per transaction

    I don’t know how to share my screenshots with you so that there is supporting evidence

    If the site is willing to contact me so that I can send them the supporting evidence,
    1- Transfer crypto to Binance to fcyex.top
    2- fcyex.top trade history
    3- Cryptocurrency withdrawal from fcyex.top to binance

  2. Its is 100% a scam they dont let take out more than 100 dollars. Any thing you put it you will loose. Stay away

  3. yo tambien estuve en esta plataforma y no hay forma de recuperar el dinero invertido. todo son excusas para no poder retirarlo,…
    cuidado no os dejeis engañar!!!!
    ——————-
    I was also on this platform and there is no way to recover the money invested. everything is excuses for not being able to withdraw it,…
    Be careful not to be fooled!!!!

  4. This platform is regular, I have been trading for 2 years

    1. Is this true , profit is there or not, many news make this site fake , can u explain in detail dear, what is right or what is wring

Share your experience with FCYEX and get help to recover your deposit

Your email address will not be published. Required fields are marked *