CXChainxbt Review – Avoid Chainxbt.com At Any Cost

CXChainxbt is another trading scam. If you already have experience with this broker then you’re here because you want to know how to restore your money, and you’re in the right place! Unfortunately, it happens to a lot of people, both experienced and those without experience. It is not your fault, you trusted the wrong company, on top of that scammers are really good at what they do so always do your research.

We’ve done this one for you, just make sure to read the full article. You will learn how to recognize red flags and how to avoid scammers such as chainxbt.com. Another scam trading company, and in this detailed CXChainxbt review you will learn why. Do not open an account with them at any cost!

CXChainxbt is an offshore, unlicensed broker. Their website is lacking a lot of information such as owner, foundation year, even account types. Everything is a bit shady and that is one of the many reasons why you should look deeper before you decide to start trading business with this company.

Is CXChainxbt a Licensed Broker?

CXChainxbt is an unlicensed broker and before we go any further let’s take a look at the information on their website, “Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorized and regulated by the Financial Conduct Authority with Financial Services register number 124721.” Now, why is this a warning sign? The company claims they are based in the UK, and all UK-based companies must be approved by the FCA.

However, Monecor is a legitimate UK firm that has no connections to CXChainxbt. This fact alone is outrageous! If you look through the FCA register you will find Monecor, but you will never find anything about CXChainxbt. This means that this broker is nothing but a clone firm, and this is highly dangerous for traders. Do not trust a broker that is lying with this kind of sensitive information.

Is Working With an Unlicensed Company Safe?

No. The regulation is there to protect the clients and in order to do so many measurements are taken. Unlicensed companies have no one to control them, and that means that they can get away with frauds easily. If, for example, a regulated company goes under, the clients will be able to rely on compensation and guarantee funds.

Unlicenced companies are using your money for their own investments or worse. Also regulated companies keep their money segregated from their client’s money.

To add to the foregoing, we strongly advise you to ignore brokers such as Brokeragea, SinaraCorp, and PrimeDeltas.

So Is CXChainxbt a Decent Broker or a Scam?

CXChainxbt is an offshore, unlicensed broker. The company claims that they are regulated by the FCA and that is not true. The website lacks information on the account types, minimum deposit requirements, leverages, etc. The broker is using a poor Web-based platform.

What Platforms Does CXChainxbt Offer? – Trading Software

This trading platform would have been great 20 years ago, but nowadays it is very poor and it lacks many advanced features. It consists of a chart and some simple tools, and while you will be able to place pending orders, this is nothing compared to the MT4 or MT5. Let’s speak a bit about MetaTrader5, the most advanced trading platform there is. You can choose automated trading, and you will be able to utilize expert advisors. The platform is also hosting a forum, a place where you can exchange experience and get helpful tips!

MT5 can be used both on iOS and Android devices, it is well received and it has more than 10 million downloads on Google Play only. CXChainxbt is offering a web-based platform that is available for mobile phones too. We wanted to research more but in order to do so we would have to open an account. The website is constantly lacking information. If you want to find out more you need to open an account and by that time it will be late. Beware!

All About CXChainxbt Accounts

As already mentioned the website is failing to provide much useful information. This goes for the accounts as well. If you want to check account types you will be automatically transferred to the sign-in page. The same thing will happen if you want to check the trading platform. The website is creating a state of urgency, all in order for you to open the account as soon as possible.

There is no minimum deposit or option for a demo account. Yet they claim that they are the best out there, and they constantly fail to provide transparency. They have no information on leverage, but there are numbers for spreads which are under 1 pip and that is a good thing, but don’t let this trick you. They also claim to be regulated, yet they are not! Red flags everywhere.

Please remember the names of theCrypto Lloyds,BlueRoyalInv, andAnyTrades,and stay away from them! Before investing, always check the history of online trading organizations!

CXChainxbt – Bonus Another Scam Trick

The company is offering certain bonuses, these will be used against you later. It is the most common way for unlicensed brokers to restrict withdrawals. The amount of bonus depends on the deposit but since we lack information on the minimum investments we can’t tell you more than this. When you open an account with this broker you will get a welcoming bonus but there is a catch of course. It usually goes like that with scammers.

You need to reach certain trading volume requirements before the withdrawal is allowed, but those volumes are impossible to reach because they are extremely high. So you can say goodbye to the bonuses even before you had a chance to greet them in the first way.

Scammed by CXChainxbt Broker? – Let Us Hear Your Story

If you were scammed by CXChainxbt broker please let us know, because we can help to restore your money. It is free of charge and our team is well experienced and familiar with this common problem. Click on the registration button and act quickly! Don’t let scammers go free!