FXCryptoClub Review: Fxcryptoclub.cc Forex Scam Shown

FXCryptoClub (Fxcryptoclub.cc) is another bane CFDs, Cryptocurrency, and Forex scam to hit the lucrative trading world. FX Crypto World is claiming to be the platform which will help investors expand continuously. With such claims, most investors have signed up not knowing what to expect with this platform. Members who signed up earlier are crying foul after their accounts got blocked. Read this genuine and honest FXCRYPTOCLUB Review for more details.

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FXCryptoClub Review

After our help desk received complaints from members of FX Crypto Club, we decided to investigate. Members started spotting a few problems when they demanded to withdraw funds. And this is where we draw the line with this platform. Once you send a withdrawal request, the account gets cancelled. FX Crypto Club is stealing from anyone who deposits funds and never allows users to withdraw funds. And this is a classic scammer’s move which must be exposed.

Thanks to our years of investing and trading, we know how to spot scams from a mile away. Professional scam artists will devise ways to lure unsuspecting investors to sign up. By using over the moon claims and promises, investors are bound to sign up. In most cases, these investors will come up with quick money making promises that get investors hooked. Make sure to read this genuine and detailed review and find out the truth regarding this scam.

About FXCryptoClub

Looking at their about us page, nothing is revealed in regards to the name of the company behind it. They simply claim that the company is known worldwide which is far from the truth. No one knows this company and we asked a few crypto experts from all parts of the globe. Contact page does not give any information regarding their head office which is quiet suspicious. Why is a so-called recognized company failing to give information regarding their whereabouts?

Anonymity is another challenge we noticed with this platform. Any anonymous online trading platform should be ignored at all costs. We don’t have any information regarding their company’s name or people behind it. Who are the founding members of this platform? Lack of clear details regarding ownership of this platform is cause for alarm. You should ensure you stay away from this platform and never sign up with their sleazy website. Anonymous online investment platforms are a red flag.

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Is FXCryptoClub licensed or registered

FXCryptoClub is anonymous which means they are not licensed by any official regulatory body. To confirm their license status, we reached out to various online regulatory bodies. Some of the regulatory bodies we contacted include ASIC, CONSOB, CySEC, FCA, FSC, and NFA. None of these bodies has ever heard or licensed this platform. To add salt to injury, no broker has come out and claimed to be associated with this platform.

Whether the platform has any registration details on their website remains to be seen. Stay away from unregulated platforms which don’t have any factual basis to operate a Forex trading platform. The platform would have posted copies of their license and registration certificates for all to see. Without a clear license and registration detail, FXCryptoClub is another unregulated online platform.

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Advantages of FXCryptoClub

We could not find any advantage of dealing with an anonymous and unlicensed trading platform. Stay ahead of the game by staying clear of such scam platforms which have been flagged down. With no clear information regarding the history of this platform, FXCryptoClub is a disaster. The number of complaints continues to increase meaning the platform is not thinking of stopping.

Disadvantages of FXCryptoClub

Account Types

FXCryptoClub is furnishing users with three account types to choose from. Accounts are listed as Micro, Standard, and Premium. The main problem with these accounts is lack of proper information. No information is given in regards to the minimum deposit required with each trading account. The accounts also come with a welcome bonus which is another trap set by these scam artists.

Activ8 Trading Platform

According to their platform’s page, FXCryptoClub is using Activ8 as their preferred trading platform. The problem with this website is lack of proper security features in place to protect users. We can see that the platform lacks basic internet security firewall for their website. Another shocker is this platform is does not have the necessary protection such as DDoS encryption. Hackers can easily take over this platform and steal valuable data such as credit card information.

Customer Support

Thinking of getting help from this website? Think again as the platform does not have live chat support. Information listed on their contact page does not pass as a valid communication channel. Emails can stay for weeks without getting a response which is what these scam artists want. And this is proof these scam artists don’t want any interaction with victims.

Deposit and withdrawal

The platform does not disclose their preferred method of depositing funds. The problem with this method is the bank account itself; this is probably a personal bank account. Scam artists will entice users to send funds straight to their personal bank account. Withdrawals still remain to be a huge challenge with this platform. Stay away from this platform or else risk becoming one of their victim

Safety of funds with FXCryptoClub

Another perturbing detail we found with FXCryptoClub is lack of proper security of funds. Without DDoS and SSL Encryption, funds are not safe from hackers. The platform is also failing to segregate accounts as dictated by Forex trading laws. Stay away as this platform will never compensate users.

Scam or legit

With all the evidence shown, FXCryptoClub is a scam. These are online scam artists who will stop at nothing. They will cheat and steal from anyone who falls for their cloned website. From lack of proper regulation to being totally anonymous, you should all stay out of this platform. Make sure to never give out your contact details to their so-called account managers. Mark all their emails as spam and never click on any of their promotional materials.

Bottom line

We will be adding this platform to our scam blacklist and ensure our readers stay informed.

You can stay safe by partnering with flexible and genuine brokers who have a strong reputation. Make sure to sign up with brokers who are reliable and reputable at all times.

Wishing you a prosperous trading period