NOTE: Cex Pro FXs official site - https://cexprofx.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 Cex Pro FX？
Cex Pro FX is a forex trading platform registered in the United Kingdom, offering trading services to individuals interested in the foreign exchange market. The firm claims it wants to transform the lives of traders. However, Cex Pro FX is not regulated by any financial authority.
Pros & Cons
Cons:
No Regulation: Cex Pro FX operates without regulation from financial authorities, raising concerns about its transparency and accountability.
Non-functional Website: Users face issues accessing important information or services due to the official website's non-functionality.
Lack of Transparency: Cex Pro FX provides limited and unclear information about its services, fees, and trading conditions, making it challenging for potential investors to make well-informed decisions.
Is Cex Pro FX Safe or Scam？
As Cex Pro FX is not regulated by any financial authority, there is a higher risk associated with trading on this platform. Additionally, the lack of a functional official website and opaque indicate high risks in its legitimacy and financial safety. While we cannot definitively point out Cex Pro FX as a scam, the overwhelming evidence suggests it is highly unsafe and unreliable.
Trading Platforms
The platform provides a web trader interface. But it is actually not a trading platform but a kind of a menu of cryptocurrency assets that users click on and are redirected to their own small charts.
Deposits & Withdrawals
Cex Pro FX requires a minimum deposit of $250 to start trading on their platform, which can be made using credit cards according to their alleged payment methods. For accounts that remain inactive for 3 months, Cex Pro FX deducts a 10% levy, which serves as a fee for maintaining the account.
Additionally, if a user accepts these bonuses from Cex Pro FX, they must meet a turnaround volume of 200. Failure to meet this requirement will result in a 10% deduction from the withdrawal amount.
Customer Service
Cex Pro FX provides customer support through telephone and email. They can be contacted at +447458196163 or via email at support@cexprofx.com.
Conclusion
Cex Pro FX raises significant red flags due to its lack of regulation, the non-functional website, and limited transparency. The high minimum deposit and potential inactivity fee further increase the risk.
For your financial safety, we suggest you avoid Cex Pro FX and choose well-regulated brokers with transparent practices and reputable track records.
Frequently Asked Questions (FAQs)
Q: Is Cex Pro FX regulated？
A: No.
Q: What is the minimum deposit required to start trading with Cex Pro FX？
A: The minimum deposit required is EUR 250.
Q: What is the withdrawal fee of Cex Pro FX？
If you accept trading bonuses, you must meet a turnaround volume of 200. Failure to meet this requirement will result in a 10% deduction from the withdrawal amount.
Q: What trading platform does Cex Pro FX offer？
A: Cex Pro FX offers a web trader interface, but it primarily redirects users to cryptocurrency assets with their own small charts.
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.
