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Logic Crypto

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Operating status: SCAM

Website: https://logiccryptofx.net/

Broker violations and abnormal records
  • 2023-08-24 The France's AMF adds Logic Crypto to its warning list

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-08-24 BrokersView has reviewed that Logic Crypto is an unregulated broker

    Logic Crypto fails to disclose information concerning its regulatory status, which is a significant scam indicator. Lacking transparency raises a red flag.

    While Logic Crypto provides an address in the US, there is no official data from the National Futures Association (NFA) indicating that it is a member of NFA. Therefore, it is not subject to the NFA's oversight.

    Furthermore, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities.

    In essence, Logic Crypto is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Logic Crypto is unequivocally a scam.

    Logic Crypto fails to disclose information concerning its regulatory status, which is a significant scam indicator. Lacking transparency raises a red flag.While Logic Crypto provides an address in the US, there is no official data from the National Futures Association (NFA) indicating that it is a member of NFA. Therefore, it is not subject to the NFA's oversight.Furthermore, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities.In essence, Logic Crypto is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Logic Crypto is unequivocally a scam.

Related Complaints

Q&A

What should I do if I want to know Logic Crypto's licenses?

Elena Iapona
Italy
2023-09-26
ANSWER To check if a forex broker is licensed, you can either search the databases of the relevant financial regulators or visit our BrokersView website, where we constantly update such information on brokers. Regarding your inquiry, our research shows that Logic Crypto is a scam.The platform does not reveal any details about its regulatory status, which is a major sign of a scam. This lack of transparency is very suspicious.Logic Crypto claims to have an address in the US, but it is not registered with the National Futures Association (NFA), which oversees forex brokers in the US. This means that it is not subject to the NFA’s rules and regulations.Moreover, the Financial Authority (Autorité des Marchés Financiers, AMF) has blacklisted Logic Crypto for operating forex activities without authorization. The full blacklist can be accessed here.In summary, Logic Crypto is an unregulated broker that does not comply with any legal standards. Investing with this broker is extremely risky, as there are no guarantees for the safety of your funds. To mitigate such risks, it is advisable to stay away from unlicensed brokers and instead choose a fully regulated one.
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