Note: Crypto Binary FxTrade's official site - https://www.cryptobinaryfxtrade.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Crypto Binary FxTrade？
Crypto Binary FxTrade is proclaimed to be a US-based financial entity, but it operates without any regulation, meaning it's not supervised by a recognized financial regulatory authority.
Pros & Cons
Cons:
Non-Regulated: Crypto Binary FxTrade is not regulated by any recognized financial entities, which can pose significant risks to customers. The lack of regulation suggests the company isn't bound by financial standards usually mandated by such authorities.
Limited Customer Service: A less than sufficient customer service can result in poor communication and disappointing issue resolution for customers.
Dead Website: Their website being nonfunctional restricts accessibility to important information about the company, hindering an informed examination by potential customers.
Limited information Available: There's a scarcity of information about Crypto Binary FxTrade accessible, which can make it tricky for potential clients to establish an informed engagement with the company.
Is Crypto Binary FxTrade Safe or Scam？
Regulatory Sight: Crypto Binary FxTrade operates as a non-regulated entity, which refers to being outside the oversight of any known financial regulatory body. Conducting business with a non-regulated firm carries potential risks because there may not be standard rules and protections in place, as would be enforced by regulatory authorities. Thus, potential customers and investors should proceed with caution and conduct an exhaustive review before engaging with Crypto Binary FxTrade.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Customer Support
Crypto Binary FxTrade offers customer support through email at support@cryptobinaryfxtrade.com, potentially allowing customers to raise their concerns or queries in detail. It also provides a physical company address - 5895 W. Olympic Blvd, Los Angeles, CA 90036, which can be used for written communication or direct visits. However, given that their official website is currently non-functional, the chances of receiving a timely and effective response online are unfortunately low.
Conclusion
Crypto Binary FxTrade, operating without regulation and with limited available information, presents a high risk for potential customers and investors. Its inactive website and insufficient customer service further increase the potential challenges and risks. Therefore, anyone considering involvement with this entity should conduct extensive due diligence. We advise users to stay away from this broker.
Frequently Asked Questions (FAQs)
Q: Is Crypto Binary FxTrade regulated？
A: No, Crypto Binary FxTrade is not regulated by any recognized financial regulatory authority.
Q: Is it safe to trade with Crypto Binary FxTrade？
A: No, it is not safe. It is a high risk to give your money to a non-regulated trader, with its official website shut down.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-01 15:54
