CCXMARKETS REVIEW CONTENT:
- GENERAL INFORMATION, REGULATIONS AND LICENSING
- ACCOUNT TYPES
- TRADING SERVICES
- CUSTOMER SERVICE
- CONCLUSION
General Information
- Broker Name: CCXMarkets
- Broker Type: Forex
- Country: St. Vincent and the Grenadines
- Regulation: –
- Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines
- Broker status: Not regulated
Account
- Minimum deposit ($): $300
- Maximal leverage: –
- Spread: –
- Scalping allowed: –
Should You Trust CCXMarkets
CCXMarkets is an offshore broker, operating out of St. Vincent and the Grenadines. The website of the broker does not give out much information. What we do know however is that they are not regulated. This is a major red flag, as well as being an offshore broker. Now, these two signs are not always definitively damning for brokers. However, they are a good indicator most of the time. These factors are enough to suspect that CCXMarket might be a scam. Our suspicions only escalated, the more we researched for our CCXMarket review, as it has other tell signs as well.
The real evidence of foul play was their address. As soon as we saw it, it became obvious. This specific address has come up in the past in connection with other fraudulent brokers. After further research, we found out that the owners of the complex that the address belongs to have come out to state that various scam brokers use their address. This seems to cement CCXMarkets.com as far as our review is concerned.
Account Types
CCXMarkets claims to offer a wide variety of trading accounts. However, as the website neglects to convey any relevant information, we cannot distinguish what is the difference in benefits between the $250 000 account and for example the $250 account. Nothing is mentioned about trading costs or leverage levels. None of the many other factors that one would expect to see on a legitimate broker site are present.
The only information we could find was concerning the trading pairs which, if the broker was not a scam would’ve been quite impressive. CCXMarkets boasts to include such currencies as: USDBRL, USDTHB, USDZAR, USDTRY, USDSGD, USDMXN, USDPLN, USDILS, USDINR, USDKRW, USDRUB, USDRON, USDHKD, USDIDR, USDHUF, USDCZK, USDCNH, USDSEK, USDNOK, and USDDKK.
Another unusual fact is that the broker does not have an option for a free demo account. This is usually an account that one gets to get acclimated to the brokerage and to make sure that everything is done properly. All legitimate brokers have this account as a given and the lack of one is another sure sign of a scam broker.
The lack of information and confusion only continues when we take a look at the platforms that the website offers. Leverate`s Activ8 seems to be the platform that is provided, but MetaTrader4 and cTrader also come up in descriptions through the site. In addition to this, after signing up for the broker none of these platforms are actually available, and all you get is a dashboard that does not offer any trading options.
What Else?
Customer service seems to be all but nonexistent. There is a chatbox option on the website, however, there is hardly any response to questions or complaints and even then only at a much later time. Contacting the broker on their phone number doesn’t work, as is expected from a fraudulent company. So in the end, the only option to contact them seems to be by email. This system seems to be designed solely for the purpose of hiding the fact that the necessary structure needed to operate a brokerage company is non-existent.
Conclusion
All the above information can only indicate one thing in the end. That CCXMarkets is undoubtedly a scam brokerage site. Furthermore, it seems to be catered to only the most inexperienced traders. We assume this as the signs of their fraudulence seem obvious to anyone with even the slightest experience in trading. Beginner traders should be wary of such dubious, unregulated, offshore traders as they often turn out to be illegal scam sites.
If you are still unsure of our assessment, we advise you to search for other reviews of this broker. You will see that they all seem to come to the same conclusion that we have.
*Edit: Their website is down due to allegations.
- Support
- Platform
- Spread
- Trading Instrument
( reviews)
too high minimum deposit – scam 100%
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Offshore + unregulated? No thank you.
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Too good to be true
Deceitful and too good to be true. They promise heaven but gives you hell.
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Slow withdrawals
Slow withdrawals. It has been a few weeks now since I get my approval on my withdrawal request but I still don’t have my money on my bank account.
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Not regulated
They are not regulated. What you see on their website is not real.
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Bad broker
I want my money back. Correct your judgment, I did not violate anything.
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Steal my money
Steal money from me. Do not trust them.
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Extremely worst
Extremely worst. Do not invest money here.
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Money launderer
Do not be afraid to report these goons to the authorities. They are a money launderer.
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Unreliable
Unreliable trading signals. I had consecutive losses as if it is intentional for them to give me bad signals.
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Fake and unregulated
Please do not open an account with this broker. They are fake and unregulated.
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Poor trading company
Poor trading company with stupid people and tools.
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Worst trading experience
Worst trading experience. I have lost so much money here.
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Scammers
This ain’t a real, they are fake and they scam people.
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Poor trading brokers
Poor trading terms. They adjust it to cheat traders, do not trade with them.
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Do not trust
Rubbish trading company. Do not trust them.
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Poor customer service
Poor customer service. They never attend to trading concerns.
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Scammers
Do not invest money here. They are scammers.
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Terrible broker
A terrible trading platform and services. Do not trade with this broker company.
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Untrustworthy
Absolutely untrustworthy broker. They had so many fishy activities.
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Slow customer service
Slow customer service. Annoying phone queue and no email replies.
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Steal money
Stay away from these beasts. They are just trying to steal money from all of us.
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Bad company
Bad broker company. Make sure not to deal with them.
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Scammers
Do not deal with these scammers. They are just after your money.
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Bad trading company
Bad trading company. Do not deal with them.
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Worst withdrawal process
Worst withdrawal process I have ever experience. It is very difficult to get and approval and there is a long wait.
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Too much charges
Too many charges, I do not recommend this broker.
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Poor services
Poor services and tools. As if they are not regulated, brokers.
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Poor services
They have given me false hopes. Services are poor.
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Do not trade
Do not trade with them, they do not pay a profit.
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Waste of time
I did not gain anything at all. I felt like it is just a waste of time.
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Scam offers
Keep yourself safe from their scam offers. I have lose so much on this.
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Denied withdrawals
They have convinced me in depositing my money and trading with them. However, they are not granting my withdrawal request now.
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Poor brokers
Poor trading brokers. The signals are really worst.
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Poor signals
Poor signals, always against market movements.
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Unprofitable signals
Unprofitable trading signals. Do not deal with them.
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Poor signals
Poor trading signals and bad customer service. I am not trading with them again.
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Not a good broker
Not a good broker to deal with. They do not approve withdrawal requests.
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Avoid them
Avoid this trading company, they will never pay your profit.
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Bad services
Bad trading services. They do not process withdrawals and ignore you after the deposit stage.
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Bad trading company
I did not gain anything. Will never trade with them again.
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