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In recent times, we have had a lot of complaints about a fraudulent platform called CryptoFxBinary, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that cryptofxbinary.com is a scam platform. Just to clear any doubts, cryptofxbinary.com is a SCAM.

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The Financial Conduct Authority has designated CryptoFxBinary as a fraudulent platform. Here is a complete analysis of cryptofxbinary.com.

The platform CryptoFxBinary (cryptofxbinary.com) is under the Financial Conduct Authority’s scrutiny. The platform hasn’t allowed users to withdraw money for the past few weeks. These participants have sought assistance from regulators.

The goal of the platform Crypto FX Binary is to defraud anyone who uses it to invest money. The platform is a total scam, notwithstanding the appeal of its profit margin. The information in our comprehensive CRYPTOFXBINARY REVIEW is as follows.

It’s recommended to use trustworthy crypto trading robots while investing and trading in digital currencies. These programmes provide useful resources that raise your winning possibilities. We advise investing with trusted crypto trading robots as a result.

An in-depth examination of CryptoFxBinary

On the about us page, CryptoFxBinary makes an effort to present itself as a noteworthy trading platform. However, what you actually get is a site that advertises highly leveraged trading on popular crypto assets. And that’s where we initially find the errors.

Pros and Cons of CryptoFxBinary

Grammar mistakes on a website shouldn’t be published, according to any expert. Instead, it identifies a hastily constructed platform with the aim of stealing money from as many investors as possible. As a result, Another exit fraud is Crypto FX Binary.

It will close down as quickly as it opened. We learn very little about the mission statement from the about us page. On the entire website, there is no information on the background or history of the platform. We are on a platform where they want us to believe what they say.

The mistake that most investors commit is not going further into the specifics. We believe that protecting investors is important. Those who assert to provide such trading platforms frequently defraud their users.

similar to how cryptofxbinary.com operates. Nobody has publicly praised the platform. The platform, on the other hand, is an outright insult to the crypto community. You won’t succeed with the platform since it is a scam.

Experts advise conducting research before investing in any platform. Try to ascertain what drives the platform’s behaviour. Safety can only be ensured in this way. You can get in touch with us and ask us to do a review on your behalf.

CryptoFxBinary accounts

There are four investment platforms available through CryptoFxBinary. Starter, Platinum, Bronze, and Gold accounts fall under this category. These accounts all have one thing in common: they all guarantee a high-profit margin.

Let’s examine each of these accounts in more detail;

Starter

The starter account requires a deposit of between $500 and $1,499 to open. For an unspecified vesting term, the account promises a daily profit of 2.5 percent. Members also guarantee to receive daily market analysis updates and consumer support.

Platinum

The platinum account holder must make a minimum deposit of $1,500 to $4,499 to open an account. Members have the same features as beginning account users. The 5-percent daily profit margin guarantee is the only distinction.

Bronze

A minimum investment of $4,500 to $9,999 is needed. Members are assured of earning a daily profit margin of 7%. Additionally, you receive dependable customer service and a free daily signal for a month.

Gold

Investors must deposit between $10,000 and $14,999 to open the most exclusive account. Members of the account are also promised a guarantee of daily profits of 10%. It also has elements in common with the other three accounts mentioned.

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CryptoFxBinary accounts

Account attributes
We must draw attention to the issues with these accounts. One of these is the lack of a vesting period. The vesting term for each of these accounts is not disclosed by the site. And that’s a major issue.

In the cryptocurrency industry, the minimum vesting period is three to four months. Investors are being taken advantage of by any platform that requests less. We must call out the store for failing to provide genuine features.

Although there are no features for forex trading, the platform also advertises that it offers it. Although it advertises leverage of 1:100, it is not for trading in assets. For FX trading, there are neither spreads nor acceptable minimum deposits.

The lack of a trustworthy demo account on the platform is another problem. Another buy/sell option is the demo account that is being offered. Unfortunately, a demo account with a trustworthy integrated trading terminal is not available.

Despite the claims of low trading fees, this is untrue. The platform doesn’t even have an intuitive user interface. The charting engine lacks accuracy and is therefore far from dependable. It would be ideal if you avoided the platform.

Account creation procedure

Another significant step is creating an account with the platform. Unfortunately, there are no safety precautions available on the platform while creating an account. Members can include their full names, addresses, and phone numbers.

You receive an email confirming the account opening. The next step is to fund these accounts once you’ve finished. In accordance with the deposit method, your balance will be reflected after 24 hours. And this is where their account opening procedure has an issue.

When you first open an account, the site doesn’t verify it. To have the platform verify your account, click the withdrawal tab. The platform requires users to send useful information to other users.

These consist of a copy of your ID, bank and credit card details, and bank statements. We fail to understand why the platform would require such paperwork. For this, the platform might employ a two-factor authentication system.

We think the platform is holding onto your documents for some reason. The platform will probably first sell them to outside parties. Your documents will be used by these companies to develop a new online presence.

Monetary resources and trading tools at CryptoFxBinary

Money at Crypto FX Binary is secure? NO

The site offers five different kinds of trading instruments. These include equities, indexes, currencies, cryptocurrencies, and commodities. Metals and natural gas are a couple of the commodities that can be found.

Due to market instability, crypto assets are doing well. Leading cryptocurrencies including Bitcoin, DOGE, Ethereum, Litecoin, and Ripple can all be traded. The marketplace also exchanges these cryptocurrencies for important currencies like the USD, EUR, and GBP.

Speaking of currencies, forex trading is the platform’s main focus. Major and minor currency pairs are offered on the platform. However, it is unknown how many currency pairs there are or about characteristics like leverage and spreads.

The role of indices is crucial for day traders. DAX, Dow Jones, FTSE, and NIKKEI are a few of the indices. You get to trade on the largest trading exchange on the entire planet. The pricing of all commodities is determined by it.

CryptoFxBinary’s company owner

The platform completely conceals who is behind it. Thus, CryptoFxBinary is now a platform for anonymous investment. Therefore, you must avoid using such sites or you run the danger of losing everything.

CryptoFxBinary’s client reviews

The platform publishes comments from anonymous individuals in an effort to influence users. Yes, as these are stock photographs, we refer to them as unknown. Additionally, the site posts complimentary comments about itself using these photographs.

There won’t be any people gushing about the platform on any independent websites. The platform has no presence online at all. Our platform doesn’t have any social media pages.

Conformity, authorization, and regulation CryptoFxBinary

Is cryptofxbinary.com authorised to operate? NO

It is not a legal trading platform, CryptoFxBinary. Regarding the platform, the Financial Conduct Authority has issued a warning. Please avoid the platforms that regulators have blacklisted. Before joining, make sure a platform complies.

Our judgement

Avoid using cryptofxbinary.com at all costs.

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To recover your money from CryptoFxBinary, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.