BrokersView

Search
Download
English
Sign In

cryptoxphere

Newest

Popular

Which country can people use Cryptoxphere to trade?
Dresdner Vincent
Eritrea
2023-08-08
ANSWER Regardless of which country it offers services to, we strongly suggest you avoid trading with Cryptoxphere, a fraudulent platform.While Cryptoxphere claims to be regulated by the US Securities and Exchange Commission (SEC), no entries matching this broker can be found in the SEC register. Furthermore, Cryptoxphere provides investment services for forex and derivatives trading, which are required to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, no corresponding data exist in the NFA register either. Therefore, Cryptoxphere is operating outside the regulatory framework.What's more, Cryptoxphere mentioned a different domain and purports that the broker at the domain is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and that this domain's benefits belong to Cryptoxphere. First of all, the domain is unavailable, raising doubts about its authenticity. Secondly, both Cryptoxphere and the broker at the domain can not be found in the IIROC registry. As a result, the statement about regulatory status is a lie.In addition, the Financial Conduct Authority (FCA) adds Cryptoxphere to its warning list for offering financial services or products in the absence of proper authorization. You can read the full warning here.In essence, Cryptoxphere is a scam. It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devatstating. Without regulatory oversight, investors are not protected by rules from fraud or theft. As such, we strongly suggest investors stay away from unlicensed brokers like Cryptoxphere and instead choose a fully regulated one.
See more

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.