We’ve noticed that fraudulent brokers try to convince you that they’re reliable and the investment process is simple. There’s nothing simple or easy about getting a payout from an anonymous scheme when TraderCryptoX broker advertises “crypto made simple & easy.” Learn all the details about TraderCryptoX in our trusted review.

Furthermore, our unbiased reviews of COTPS, FinoMarkets, and VeloCityTradeFX will increase your trading knowledge. There is no doubt that your funds are at risk! Scam Broker

1. Status: Unregulated
2. Forex Broker Regulation: Unlicensed / Unregulated
3. Website of scammers: tradercryptox.com
4. Operational Status: Active Crypto Trading Scam
5. Scam listed by: BaFin
6. Owner of the broker: N/A
7. Country of Headquarters: N/A
8. Year of foundation: 2022
9. Trader platform: WebTrader
10. Mobile Trading: Web-based
11. Minimum Deposit: 5,000 Euros
12. Bonus on deposit: Available
13. Trading Crypto: Available
14. CFD Trading: Yes, CFDs can be traded
15. Instruments of trade: Cryptocurrencies (Cryptos)
16. Maximum Leverage: 1:400
17. Islamic Account: Not Available
18. Demo Account: No, only live trading accounts
19. Accepts US Clients: US traders are not accepted
20. Global Fraud Protection Team: Don’t Invest in This Scam Broker!

Is TraderCryptoX a Crypto Scam?

TraderCryptoX is an anonymous broker with an unknown owner in a strange country. It is usually because brokers lack financial regulations and do not want to be exposed by regulators that they hide basic information.

We couldn’t even guess where TraderCryptoX regulation might be since there’s nothing in the Terms and Conditions. Honestly, we weren’t interested in thinking. Traders can verify that they’re dealing with a legal investment firm by checking out their website for details about a license number and a relevant authority body.

We conclude that TraderCryptoX is a new online trading scam due to its failure to do so.

Scam Warnings Against TraderCryptoX

The German regulatory body and the criminal police have launched an official investigation into the TraderCryptoX trading scam. According to this authority, the broker cannot provide legal or financial services and lures customers with various fake promises.

Any contact with this firm should be reported.

Furthermore, scam forex providers such as CTmatador, Elit Solutions or Tradiso should be avoided. There may be problems with withdrawals!

Where Is TraderCryptoX Trading Scam Active?

The website of TraderCryptoX was registered in March 2022, making it relatively new on the market. Blacklisting took place within only four months. The brokerage primarily targets residents of:

• Germany
• Bulgaria
• Netherlands
• Switzerland

How Does This Scam Broker Contact Victims?

There are many ways scam brokers contact their victims. It was basically harassing them. Initially, clients were contacted via social media and Google ads. Additionally, broker employees harassed them after they registered.

Clients received many unsolicited phone calls and emails with various financial plans. A broker also used Telegram to contact customers.

A Facebook and Instagram account was used to reach those who hadn’t registered through ads. The broker’s employees have approached people on dating apps like Tinder, Bumble, and Grindr. As they discussed passive income, an alleged love prospect proposed a joint investment.

These stories aren’t true! People will not reach out on social media if they make sufficient passive income.

TraderCryptoX Support – Luring You Into a Scam

In addition to calling clients, broker employees also send emails and messages. It is their job to ensure you will invest your money and you won’t get a payout. When you invest your first deposit, you’ll be assigned an account manager who will guide you.

Furthermore, they will prompt you to download AnyDesk, a remote desktop software. The link is already available on the broker’s main page. AnyDesk allows anyone to control your mobile or desktop device and, through it, your online banking. As they say, the rest is history.

Did TraderCryptoX Scam You? – Start the Chargeback Process Now

So, let us know if you are a victim of the TraderCryptoX scam. Global Fraud Protection can obtain a refund after dealing with scheme firms. Please take action now and don’t let scammers run with your money. Italy, and let’s take action!