CryptoIFX Review – Is CryptoIFX Legit or a Scam?
CryptoIFX is a forex and crypto broker that pretends to be secure and dependable. Upon a closer look, this CryptoIFX Review indicates some warning signs that make us believe that the broker is unreliable and not regulated.
Website – https://cryptoifx.com/
Contact Information – +18008268126
Address – Stoney Ground Road, St. Vincent & the Grenadines.
Regulatory Warning – Commissione Nazionale per le Società e la Borsa (Italy) – (CONSOB)
Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Lack of Regulation
On the 14th of March 2022, the Commissione Nazionale per le Societa e la Borsa (CONSOB) in Italy issued a warning against CryptoIFX, declaring that the broker is not authorized to provide investment services. Nevertheless, CryptoIFX (cryptoifx.com) continues to operate without registration, posing an ever-increasing risk to its users.
False Claims of Legitimacy
CryptoIFX presents itself as a trustworthy broker, but it does not disclose any regulatory information. Legitimate brokers always transparently display their licenses, while CryptoIFX fails to do so, which is a typical characteristic of unlicensed brokers.
Suspicious Registration
CryptoIFX states that it is based at Stoney Ground Road, St. Vincent & the Grenadines. However, a search of the SVG Financial Services Authority (SVG FSA) registry verifies that SVG FSA does not license forex services. This implies that CryptoIFX is registered in SVG FSA but runs without adequate regulation.
Investor Risks
Because CryptoIFX (cryptoifx.com) is not regulated, investors’ funds are not protected. If the broker engages in fraudulent activities, traders have no legal recourse, making their money completely unsafe.
Other Warning Signs
CryptoIFX’s website is very young, and the owner’s identity is hidden on WHOIS. Additionally, there are numerous negative reviews on Trustpilot, further confirming its unreliable nature.
This CryptoIFX Review indicates that CryptoIFX is a scam. Without regulation, concealed ownership, and numerous bad reviews, traders must stay away from this broker at all costs. For more information, check out cryptoifx.com.
Steps to Follow After Being Scammed:
If you fall victim to scams, then you must act fast. The steps to follow are as follows:
Contact Your Bank: If you used a credit card to make the purchase, request a chargeback.
Collect Evidence: Save emails, receipts, and chat logs related to the scam.
Report the Scam:
- U.S. residents: Report to IC3 or FTC.
- International: Report to your national financial authority and law enforcement.
Seek Expert Help: Cyber professionals are able to locate stole money and assist in its recovery. Lycan Retrieve is one of those professionals who can assist you.
Take Action Today
Don’t wait if you’ve been deceived by CryptoIFX. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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