DigitalReviewCenter
Warning: Is CryptoTxTrade a Scam?
⚠️ CryptoTxTrade has been reported by the Financial Conduct Authority (United Kingdom).
CryptoTxTrade (cryptotxtrade.com) has been flagged as a potential scam broker. Users have reported withdrawal issues.
CryptoTxTrade (cryptotxtrade.com) Review
Our experts urge you to avoid CryptoTxTrade (cryptotxtrade.com).
We found that it is located at Endsleigh Street, London, UNITED KINGDOM, and the support email is support@cryptotxtrade.com.
CryptoTxTrade appears to be a financial firm, but it is not authorized by any major financial regulator.
Scammed by CryptoTxTrade?
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Safety Analysis: CryptoTxTrade
CryptoTxTrade runs without regulation.
Investing with unregulated brokers is very risky. Legitimate firms are must be authorized with agencies like the SEC, ASIC, or FCA to protect investors.
CryptoTxTrade lacks this supervision. As a result, there is no legal recourse if they keep your money. Most investment fraud use unregulated entities, and getting back money from them is difficult without professional help.
For example, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In the US, they are not part of SIPC, so your money is completely exposed.
Common Scam Tactics
Online trading fraud is evolving. Fraudsters use manipulation to steal your savings. Below are common methods used by brokers like CryptoTxTrade (cryptotxtrade.com).
Dating App Scams
"Pig Butchering" is a brutal tactic where scammers groom victims over months. They build a friendship online. Once trust is built, they introduce a "lucrative" investment. It's a trap to get you onto a scam site .
Rigged Platforms
Scammers create websites that look exactly like real trading apps. You see graphs and profits that go up. But it is a fake. The broker controls the numbers to convince you so you invest more. When you try to withdraw, the "profits" disappear.
Other Warning Signs
- Cold Calling: They call you from "brokers" you don't know.
- Unregulated: The firm lacks legal registration.
- High Returns: They guarantee 1% daily returns or risk-free trades.
- Cannot Withdraw: You cannot get your money out. They demand "tax fees" first.
- Pressure Tactics: Agents pressure you to deposit more.
Ignore fake reviews. Fraudulent brokers frequently write their own positive comments to appear real.
Conclusion
Our verdict is to avoid CryptoTxTrade. It is likely a fraud. Save your funds and find a licensed broker. Avoid cryptotxtrade.com at all costs.