|Broker Type:||forex, CFDs|
|Country:||St. Vincent and the Grenadines|
|Operating Since (Year):||2018|
|Address:||Suite 305 , Griffith Corporate Centre P.O. Box 1510 , Beachmont Kingstown St. Vincent and the Grenadines|
|Trading platform Time zone:||N/A|
|Other trading instruments:||N/A|
|Minimum deposit ($):||300|
CCXMarkets Review Content:
- General Information, Regulations and Licensing
- Account Types
- Trading services
- Customer Service
CCXMarkets review – Scam or Not Scam?
It is quite hard to find any information about CCXMarkets, besides all of the allegations and bad reviews against them. All we know is that they operate out of an offshore company, thus they are not regulated. This lowers the credibility of the broker in our eyes, as we care for the overall reputation of the industry highly. Due to all of the scammers appearing on the market, good name brokers and honest companies are losing potential clients. People are losing trust in trading and investing, even though this is one of the best ways to make money on the side.
CCXMarkets is owned by Online Media Solutions LTD, based in St. Vincent and the Grenadines. The Caribbean island regulators do not issue licenses to Forex and CFD traders, and CCXMarkets falls under that jurisdiction. This raises our suspicion that CCXMarkets are in fact scammers.
The safety of funds at this broker is questionable, and most likely it is NOT advised to trade or deposit with them.
CCXMarkets – No regulations and Fake Address
For some reason, a lot of brokers use the same address. In this case, it was Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St. Vincent and the Grenadines. At this point, as soon as we see this address we know to label the brand as a scam, and CCXMarkets is not different. If you try googling that address, you will see that it is connected to other fraudulent brokers. The owner of the address also posted that people are using and abusing it without authorizations. This is the biggest red flag you can find online. Fake address and no regulations, no legal documents, and no information about the owners. CCXMarkets is a clear cut scam.
CCXMarkets review – Accounts
CCXMarkets claims to have a large range of trading accounts for all kinds of traders, however, their website lists no relevant information about them. The only information in the account types page is a registration form, which obviously is a way to collect leads for them. The only thing we know is that the minimum deposit ranges from $250 to a whopping $250,000. No other information is included nothing about their leverage, fees, spreads, or more. This seems to be another big red flag for the scammer CCXMarkets.
They also do not offer a demo account, which every broker does – even some scammers. Obviously, they have no access to actual trading software. This is the reason they don’t list demo on their page because then people would know that CCXMarkets is a fake broker.
CCXMarkets Scams – Assets and Platforms
The only information available about their trading instruments was about the trading pairs which, if the broker was not a scam would’ve been quite impressive. CCXMarkets says they have currency pairs such as: USDBRL, USDTHB, USDZAR, USDTRY, USDSGD, USDMXN, USDPLN, USDILS, USDINR, USDKRW, USDRUB, USDRON, USDHKD, USDIDR, USDHUF, USDCZK, USDCNH, USDSEK, USDNOK, and USDDKK.
Our frustration only grew when we realized that CCXMarkets only has Activ8 as their platform. This means they don’t even want to spend money on a license for MT4 or MT5. For a broker that boasts to be international and professional, they only give access to a minor platform like Activ8. This is another clear cut sign that they have no intention to help you make profits, but rather to scam all of the money our of you.
CCXMarket reviews Conclusion – do NOT trade with them
Our research only gave us one answer: CCXMarkets is a scam.
- They are not regulated
- They have a fake address
- They only have Activ8
- They do not have any information about their accounts or assets
- Customer service is non-existent
DO NOT trade with them, and if you ever have please let us know your experience down below. We want to protect people from fake brokers and restore the reputation for this industry for once and for all.
*UPDATE Edit: Their website is down due to suits and allegations.