Is FXCryptoIndex a Good Broker or a Scam?
FXCryptoIndex may seem alright, but one thing that should give you instant pause is its lack of a license. Do you see any proof of licensing? We didn’t either. This fact can’t be ignored regardless of what returns this broker promises or any good reviews you may read on the internet. From this starting point–checking licensing of brokers or the lack thereof–you may be able to eliminate a lot of potentially problematic brokers from your list.
We Have Some Concerns with FXCryptoIndex
We have looked into FXCryptoIndex and didn’t find any reason to trade with this broker. There was no transparency on the broker’s site about who runs it or the broker’s history. Additionally, we saw no terms or conditions or independent reviews. In fact, we uncovered many negative reviews. The main reason, however, to avoid this broker is that it doesn’t have a license. It isn’t worth the risk to trade with any unregulated broker.
FXCryptoIndex Red Flags
We found the following red flags for this broker:
- Not licensed
- No transparency
- No contact information
- Bad reviews
Lost Money to FXCryptoIndex? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid FXCryptoIndex and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds