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CryptoFxExperts

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA Added CryptoFxExperts into Its Warnings On 13 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CryptoFxExperts is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/cryptofxexperts

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BrokersView has Reviewed that CryptoFxExperts is an Unregulated Forex Broker CryptoFxExperts claims to be registered with Companies House of United Kingdom (CH) under the company name of CryptoFxExperts LTD. However, we searched CH and found no matching results. That means the broker is not registered in the UK. Besides, CH is not a forex regulator. It does not regulate brokers or issue licenses. So having registration does not mean being authorized to provide financial services. CryptoFxExperts also claims to be located in the UK. As per the local laws, all forex broker shall obtain a license issued by the National Futures Association (NFA) of the United States. So we searched NFA but did not find any results match this broker. In another words, CryptoFxExperts is not regulated by NFA. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CryptoFxExperts is providing financial services or products in the UK without authorisation. The truth is that CryptoFxExperts is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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BrokersView has found that CryptoFxExperts is not working BrokersView found the domain "https://www.cryptofxexperts.online/index.html" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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BrokersView has found CryptoFxExperts using a new domain to profit illegally BrokersView found CryptoFxExperts is using this domain "https://cryptofxexperts.co/" to engage in fraudulent financial activities. Please avoid the scam.

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BrokersView has identified that CryptoFxExperts's website is currently offline BrokersView found that the domain "https://www.cryptofxexperts.online/index.html;https://cryptofxexperts.co/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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Possible scam Dear Sir or Madam, thank you for reaching out to us regarding this possible scam broker. We have confirmed that CryptoFxExperts is a scam.CryptoFxExperts claims to be owned and operated by CryptoFXExperts LTD but does not provide further details about its location. We then checked the phone number it claims and believed it might be located in the United States. In addition, it displays a certificate given by the Financial Commission on its homepage to build credibility. However, it should be noted that Firms and individuals, who do not overseen by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), are not allowed to solicit or approach US citizens. Therefore, we searched for this broker on the website of the NFA, but found no matching results. That means, CryptoFxExperts is not supervised by any financial regulatory bodies. More importantly, the Financial Conduct Authority (FCA), the UK financial regulatory body, has issued a warning against CryptoFxExperts for its offering of financial services or products in the UK without authorization. You can check the full warning from here.As regards your question, a fully regulated broker will clearly display their fees for withdrawal on their website and will not charge extra fees using various reasons. Charging so much fees as CryptoFxExperts did in your case is usually a sign of forex trading scams. We would suggest investors be informed on a broker's regulatory status before making a trading decision. You can check our rewiew of brokers to achieve relevant facts and information. We recommend staying away from unlicensed brokers like CryptoFxExperts and trade with fully regulated brokers. View Source

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