At first glance, the CryptoIFX platform might seem like a legitimate broker. However, after conducting thorough research, we uncovered alarming facts about how things really operate behind the scenes.
CryptoIFX is Not Licensed
CryptoIFX claims to be located at Stoney Ground Road, St. Vincent and the Grenadines. This address is frequently used by fraudulent projects and is well-known in scam circles.
Most importantly, CryptoIFX does not possess a valid broker license from any recognized financial regulator. This means the platform operates illegally, without being reviewed by regulatory authorities. In fact, it has been blacklisted by several international banks, including the Central Bank of Russia.
The absence of a proper license and its illegal operations are strong indicators that CryptoIFX is nothing more than a scam, with the intent to steal client deposits.
CryptoIFX Reviews and Domain Scam
The domain cryptoifx.com has an awful reputation among reputable financial institutions. According to our investigation, the project was blacklisted and effectively shut down. However, scammers recently purchased the domain (as verified by WHOIS data) and launched a new design to continue their scheme, luring victims through aggressive online advertising.
Customer reviews about CryptoIFX clearly expose this broker as a fraud. Numerous complaints highlight cases of stolen funds, deception, and unethical practices.
Do not trust paid reviews on websites like Trustpilot, which can be manipulated. Many of the positive reviews have been purchased to deceive potential customers.
Is CryptoIFX a Scam? Our Conclusion
Given the lack of a legitimate license, the domain history, and numerous fraud reports, it’s evident that CryptoIFX is not a legitimate broker. We strongly recommend avoiding this platform to protect your funds.
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