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CryptoFX 24

Operating status: SCAM

Website: https://cryptofx-24.com/

Broker violations and abnormal records
  • Oct 26, 2022 BrokersView has Reviewed that CryptoFX-24 is an Unregulated Forex Broker

    CptoFX-24ry claims it was founded in 2004 by a team of professional individuals comprising experts. But when we checked its domain, we found it was created in 2020. So how could it start in 2004? It is a red flag here.

    Besides, this broker presents no details of its regulations but only mentions its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to CryptoFX-24 in the above two regulatory bodies. 

    The truth is, CryptoFX-24 is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    CptoFX-24ry claims it was founded in 2004 by a team of professional individuals comprising experts. But when we checked its domain, we found it was created in 2020. So how could it start in 2004? It is a red flag here.Besides, this broker presents no details of its regulations but only mentions its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to CryptoFX-24 in the above two regulatory bodies. The truth is, CryptoFX-24 is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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