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FXY Trade Review 2024 – Is FXY Trade legit or a scam?

One major problem in the ever-evolving world of online trading and investing is the proliferation of fraudulent companies posing as reliable brokers. Due to alleged fraudulent activity, FXY Trade has lately gained notice, raising concerns and requiring careful examination. Our goal in providing an unbiased assessment through our thorough FXY Trade review is to provide verified facts and data that were gathered from reliable and respectable sources.

Fxytrade.com raises red flags as a suspected scam, lacking regulation and transparency. Operated by JPT Ltd with undisclosed headquarters, it offers unregulated Forex trading through its WebTrader platform. Mobile trading is restricted to the web interface. Specifics like minimum deposit and bonuses are undisclosed, potentially trapping investors. Despite offering crypto and CFD trading, its unverified status warrants caution. Trading instruments span Forex, commodities, indices, shares, and cryptocurrencies. However, the maximum leverage of 1:30 poses risks. Notably, the absence of a demo account raises concerns, leaving traders vulnerable to live trading without adequate preparation or risk assessment.

FXY Trade Website – https://fxytrade.com/

Website Availability – No

Address shown – NA

 Warned By – Finansinspektionen (Sweden) 

Domain Age of FXY Trade

Domain Name: fxytrade.comRegistry Domain ID: 2654199515_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.godaddy.comRegistrar URL: https://www.godaddy.comUpdated Date: 2022-11-03T04:51:07ZCreation Date: 2021-11-11T07:22:18ZRegistrar Registration Expiration Date: 2024-11-11T07:22:18Z

Important indicators that show if FXY Trade is a fraud or not

Unregulated Status

One of the key warning signs highlighted in the FXY Trade Review that investors should be wary of is the absence of regulation and licensing. Legitimate brokers must acquire licenses from reputable financial regulatory authorities, a critical measure to ensure compliance with strict industry standards and regulations.

Poor Customer Support and Withdrawal Issues

Delayed or refused withdrawal requests are a common tactic used by scam brokers to hold onto their victims’ money and deter them from leaving the site. When funds are unavailable or take a long time to arrive, customers get irate and start to doubt the company’s honesty.

Negative Reviews and Scam Reports about FXY Trade

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by FXY Trade Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to FXY Trade serves as a red flag for potential investors. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with Fxytrade.com.

Investors should take heed of negative reviews and scam reports associated with Fxytrade.com, as these instances may indicate potential risks and issues that could affect their financial interests. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Heightened Risks for Investors

Dealing with unregulated and unlicensed brokers significantly increases the risk of encountering fraudulent practices. The lack of clear regulatory oversight and licensing raises concerns about the broker’s credibility and the safety of clients’ assets. It is imperative to approach such brokers with caution, conducting thorough due diligence to protect your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, there are hazards involved such as the possibility of coming across dishonest brokers. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as FXY Trade. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online FXY Trade reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to FXY Trade or other scams and preserve their financial assets by following the above mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a FXY Trade review, are critical to ensure a safe and dependable trading experience.

Victimized by the FXY Trade scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Fxytrade.com or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

FXY Trade Review: FXY Trade Scam Conclusion

As the FXY Trade Review indicates, there are solid indications that Fxytrade.com may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, making sure to choose a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The FXY Trade review written above is influenced by the other FXY Trade reviews already present on the web. We are not liable for any legal action from the Fxytrade.com company. In case of any query please mail us at info@reportscam.net.

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Suppose you came up to the Trade101.ai website and wondered if you should trust them. Simply don’t. There are numerous reasons that expose this company as fraudulent. Starting with non-existent legal documents, legal company name, founders and address information.

Yet, they present themselves as a leading global provider of online brokerage services. Definitely not the transparent ones. In any case, check out all the tips from this Trade101.ai review and stay safe.

Legal Info: Is Trade101.ai Legit Or A Scam?

When the company is hiding legal information, there’s no way that anyone will think they are legitimate. Yet, traders can easily get persuaded to try out their services. However, if they deposit a single cent, it becomes too late.

The second sign this company is an absolute scam is their missing regulation. Even if they had any regulations, it would be more suitable. Yet, they have none. Especially not the top-tier ones like BaFin, ASIC, CFTC, or FCA. Very soon, you can expect to see this firm on multiple warning lists. 

On top of that, there’s another copy-paste trading brand, most likely run by the same people.

Who Are Trade101.ai’s Victims?

Companies without regulations generally don’t hesitate to target even the most secure financial systems. Such as the ones of the United Kingdom and the United States. 

In the case of this broker, which is active since 2023, the most targeted countries are: 

• United Kingdom
• Canada
• Denmark

Therefore, we suggest you take extra measures to protect your funds regardless of where you live. Still, we encourage you to share your opinion with us in the comments or through direct messages. Ultimately, our refund specialists can advise you accordingly about the next step if you were scammed.

Traders Reviews

One of the clearest signs of the company’s shady activities is the Trade101.ai reviews. So far, there are only 7 comments available on Trustpilot. Yet, more than 70% of those are negative and include complaints about withdrawals. If that’s not a big enough sign, nothing will be. 

You can contact our team for chargeback advice if you are also one of the company’s victims.

Leverage, Commissions, Spreads, Fees and Taxes

If the company wanted to operate legitimately, it would offer firstly transparent trading conditions, such as commissions, spreads, and fees. Thus, none of these details are known to the public. That leaves enough room for manipulation, especially with Trade101.ai crypto assets that are highly volatile.

Another big issue is the missing negative balance protection and leverage transparency. Practically, it’s a trap you can see from a mile away.

Bonuses

Currently, the Trade101.ai broker is not offering any bonus deals. However, it’s not rarely seen with scam brokers to give these details and keep their clients stuck with them. 

The way they do that is that they require traders to reach some trading volume after receiving the bonus. Only if they reach it can they request a withdrawal. But in reality, whatever happens, the money will be gone in the end. So don’t fall for that trick.

Trade101.ai Trading Features

As can be seen, the company is advertising a highly trusted MT4 trading platform. But that’s far from true. 

Instead, traders will have to use their poorly designed web-based platform. Which is most likely promoted as an automated trading system. But to avoid such campaigns, we suggest you read tips from our Trademay review.

Trading Platforms Available

The company’s web-based platform offers only basic trading features, such as trading and pending orders, minimum risk-management tools, and TradingView-supported charting options. 

If you are looking for more advanced options, like copy or social trading, look elsewhere. But not with CapitalMarket24, which is exactly the same brand but with a different logo.

Available Trading Assets

Tradeable assets can make a big difference when choosing a broker. Thus, if the company is not reliable, nothing will be worth it. But if they were legit, the offer would be outstanding and consist of: 

• Forex
• Commodities
• Shares
• Indices
• Cryptos

Account Types

Generally speaking, investment firms offer fairly better conditions to loyal traders. The ones who either deposit more money or have a bigger trading volume. Yet, with this firm, such options are not available. More surprisingly, not even the minimum deposit requirement is revealed.

Mobile Trading App

If you are a mobile trader, there’s nothing to look for with this brokerage. Simply, the Trade101.ai app has not been developed. Therefore, you can just imagine the pain of trading on an unoptimized web-based platform on your mobile device.

Demo Account

Demo and micro accounts are generally a great way to explore possibilities with the broker. Thus, none of these options are available with the Trade101.ai scam broker. Instead, you should look for tier-1 licensed firms and avoid any surprises.

Education

Another big disadvantage of this broker is a lack of educational packages. Not even the basic trading material is provided. Not to mention something more sophisticated like live sessions, webinars, or mentorships.

Trade101.ai Withdrawal

Even if this brokerage had transparent T&Cs, without regulations, they wouldn’t have to comply with them. There you go. It’s all you need to know about their withdrawal procedure. It won’t happen because the funds you are sending to this brokerage go straight into their pockets. 

Anyway, withdrawal processing time, fees, and methods remain unknown. Yet, the tricks they are using are standard.

Customer Support

One of the reasons traders can’t get their funds from this brokerage is because of poor contact options. With only e-mail available, the company keeps its anonymity on the highest level. But also stays away from all clients looking for withdrawal assistance.

Key Information To Consider About Trade101.ai

In general, traders don’t have a single reason to trust this firm. Yet, they get persuaded through shady marketing campaigns to get started with them. Nevertheless, that’s not a shame. But if the person doesn’t do anything about it, it becomes.

Therefore, if you got stuck with this brokerage and your funds are inaccessible, contact our refund experts as soon as possible. In the first place, our first consultation is free of charge. Secondly, you can start your chargeback process before it’s too late. Don’t wait and book yours now!

FAQ Section

What is Trade101.ai?

Trade101.ai is an anonymous FX and CFD trading firm that has been operating since 2023 from an unknown location and with unknown leadership.

Is Trade101 a Legit Broker?

Not at all. The company is absolutely non-transparent and doesn’t have any trading licenses.

How to Recover Money From a Scammer?

The easiest method is always a chargeback. Yet, it’s very often not available. In those cases, traders look for alternative methods we can introduce you to. Contact us today!

The Finap Limited scam invites you to take a leap into the unknown and invest in their shady services for the alleged sake of your financial future. Impeccable reputation and worldwide recognition is what this brokerage brand is supposed to show off with, but none of that is true. 

The reason we’re writing this Finap Limited review is to debunk all of their silly claims about being so great and powerful. In reality, they’re nothing but a textbook scam and we’re here to expose them.

CBR and LB Issue Warnings

There’s so many issues with the Finap Limited regulation that we aren’t even certain where to start. The company operating the domain doesn’t exist in a single legal register, just like FCTrading. Since the website shares no concrete corporate information to base our investigation on, we turned to the legal papers. 

Now, in the T&C document, Polish courts are claimed to have exclusive jurisdiction over the company’s activities, which is quite strange, as the firm doesn’t own a KNF license. Speaking of which, the firm was never regulated by any financial entity at all, including FCA, ASIC, CySEC and BaFin. 

While shuffling through the registers of prominent regulators, however, we did find something – an official warning issued by CBR (Central Bank of Russia) and LB. That implies that trading is done on a compromised platform, without segregated funds, compensation plans or negative balance insurance.

Where Do These Swindlers Operate?

With the launch of the finaplimited.world site in August 2023, the cheats set their targets on people living in these nations:

• Lithuania
• France
• Germany
• Italy
• Austria

The company’s boiler room agents work mostly by phone or online chat services. There, they pester potential victims to invest money using any method at their disposal.

Their strategies range from deception, persuasion, threats, blackmail, you name it. Remote access software like Teamviewer and Anydesk makes sure they get to access personal information on your computer as well.

There is virtually no customer feedback or any Finap Limited reviews to be found on the web, which makes it easier for the rookies to stumble into this financial trap. In the case you need help with recovering your money from these scammers, or FusionTrade for instance, contact our legal experts.

No Costs Revealed

Increasing your capital on shadowy online trading servers is far from guaranteed or easy. Oftentimes it is completely impossible, taking into consideration all the hidden costs and absurdly high leverage. 

After gaining access to the user area, we found out that the starting leverage ratio is 1:100, with the tendency to increase depending on the package chosen. 

Other costs or fees are not mentioned, although all legal docs suggest that they exist and are directly deducted from the trader’s total account balance. 

Undisclosed Bonus With Strings Attached

Although the broker doesn’t clarify if they offer bonuses and what amounts of them, we see hints about them existing everywhere. All over legal papers you will find clarifications on withdrawals of bonuses. 

These non-deposited funds are only available for withdrawal after a minimum trading volume is reached. The requirement is equal to (bonus amount + Deposit) x25.

Features aren’t Lucrative

Nothing we’ve encountered on the site had anyhow driven our attention or made us think about investing here. There’s no specialized account types with impressive features, no concrete trading tools and exotic instruments or anything else for that matter. All you’ll be left with is false advertising at its best.

MT5 Fame Misused

The Finap Limited Forex trading is claimed to be conducted on the most widely preferred and loved MT5 software. This terminal is advertised as available for all devices and it’s well known that its impeccable features are a great companion and support on the global markets. 

However, the problem here is that we never got the login credentials from our Forex dealer. Therefore, the misused MT5 is completely useless in this case.

Advertised Selection of Instruments

What we know about the trading assets is that which is already advertised on the website. With no valid login information, it was impossible to check the ads for any discrepancies in the trading app.

Nevertheless, here is what the con artists claim to provide:

• Forex – EUR/USD, NZD/AUD, USD/JPY, GBP/CHF
• Cryptocurrencies – BTC, ETH, SOL, XRP, ADA, DOGE
• Commodities – S&P 500, US100, Nikkei 225, DAX
• Stocks – NVDA, META, LLY, MSFT
• Indices – Brent, Gold, Coffee

Trading Plans

Out of the all necessary account information, only the bare minimum is given to website viewers. By that we mean the minimum deposit requirements:

• Silver – $250
• Gold – $2.000
• Platinum – $10.000

Other than that, nothing else is known about any of the features, tools or range of instruments allowed per bundle.

Making Cash and Withdrawing it

Profit making is an entirely fruitless endeavor on this trading portal. The single aim that these fraudsters have is to force you into depositing by advertising alluring trading conditions and tools. 

Your deposits are immediately stolen, while withdrawals are stalled, prolonged or completely denied. One excuse is certainly the previously mentioned bonus clause. 

There’s still claims about cards, wire transfer and cryptocurrencies being available channels. The withdrawal processing time is allegedly between 4 and 7 business days but we fear it lasts indefinitely. 

Fake Support Around the Clock

Customer service provided by this firm claims to operate around the clock as there’s no time frame for when the clients may need help. That is a complete and utter lie, considering only the online form is enabled as a means of communication. Even testing it was a pain, considering that no one ever bothered to reply to our inquiry.

Fraudsters Stole Your Funds? Call Us Today!

The so-called Finap Limited broker is a financial scam roleplaying as a reliable financial service. The firm is unregulated, and their schemes have already caught the attention of multiple regulatory bodies.

Always make sure to double check your broker and make an informed decision before committing any funds. If you’ve lost money on a forex trading scam, feel free to contact our professionals for help with getting your money back.

FAQ Section

What is Finap Limited?

It is an online forex broker scam. Stay away from this fraudulent firm!

Is Finap Limited a Legit Broker?

No, this company is completely illegal, and has been placed on multiple regulatory blacklists.

Can I Recover Money From a Trading Scammer?

Asset recovery is possible! Contact us at any time via the live chat, and book your first consultation absolutely free!

The first sign this company is not transparent is that they don’t reveal legal names and documents. Yet, they present themselves as a reliable investment firm with trusted regulations.

However, anyone who has enough patience will know where to look for necessary details. But the ones who just want to find out if they can trust this broker or not, read this TPC Invest review carefully.

Legal Info: Is TPC Invest Legit Or A Scam?

As can be seen, the company presents itself as regulated. The one institution they claim to be licensed by is the FISEU. The other one is the FINAEU. It’s important to understand that both are independent regulatory bodies that no government backs up. Hence, they can provide certification to any illegal entity. Not to mention that every European country has its main financial regulator.

Yet, this broker doesn’t have any top-tier European licenses, such as FCA, BaFin or CNMV. Nevertheless, let’s find out if we can trust the regulators they are using. FINAEU, in the first place, is a company with a website registered on the 25th of January 2024. Not that credible. Further, it might be another variation of FISEU, which is on the warning list of German BaFin.

Who Are TPC Invest’s Victims?

Generally speaking, this firm has been targeting clients all over the world. Surprisingly, some countries with quite strict regulations stand out. Those are: 

• United States
• Malaysia
• Finland
• Canada
• India

But there will be many more over time. In any case, we always encourage our readers to leave a comment if they have experience with a broker. Ultimately, it can help other traders stay away from swindlers.

Traders Reviews

Quite non-surprisingly, TPC Invest reviews don’t seem too good. For instance, on Trustpilot, there are 42 comments in total, and less than 40% of traders rated the company with five stars. On Sitejabber, the situation is a bit better. Yet, without trusted regulation, can we trust those?

Many reviews can be easily modified nowadays. Whether good or bad. So, think logically about the brokers’ offer and work with facts to protect your funds. If somehow they still rob you, contact us for refund advice.

Leverage, Commissions, Spreads, Fees and Taxes

Interestingly, the company only charges $0.65 for options trading. Everything else includes zero costs. This makes us wonder how they make money then. But if you check the company’s reviews, you will see they are holding traders’ deposits.

Nevertheless, another sign of a clear investment scam is the company’s leverage of 1:500. Primarily because any top-tier licensed broker in Europe offers a maximum of up to 1:30. In addition to that, the company doesn’t offer negative balance protection.

Bonuses

Without transparent T&Cs, the bonus policy is non-existent as well. Therefore, you can just prepare yourself in case you get any similar offers. Make sure to check if there are any targets you have to reach. But even better, you shouldn’t invest with this broker in the first place.

TPC Invest Trading Features

In general, the biggest advantage of this company is the innovative AI platform. On the other hand, that’s also a disadvantage since the platform is not legit. 

All in all, such automated features are often nothing more than a web-based platform with quick backend access features. In the blink of an eye, brokers modify your trading activity and make it look as they want.

Trading Platforms Available

If you are looking for trusted platforms, the best options in the industry are cTrader and Meta Trader. No other web-based platform can be compared to these two. Especially not the web trader of TPC Invest broker. Even though they advertise endless possibilities and advanced tools, that is just an illusion.

Available Trading Assets

Quite the usual thing with scam brokers is that they offer a wide range of assets. It’s quite easy to import all the data from third-party resources and fictively present it on the platform.  Yet, without a license, does it matter? 

Anyway, the options are: 

• Forex – GBP/EUR, EUR/NOK
• Indices – NASDAQ, S&P500
• Commodities – natural gas, cotton
• Shares – AMD, MasterCard
• Cryptos – BTC, ETH
• ETFs – Russell2000, QQQ

Account Types

Overall, TPC Invest account types don’t reveal any significant benefits if you deposit more money.  In fact, the only difference is the access to ICOs and liquid gold exchange. There are three options: 

• Starter – $250
• Basic – $14.000 instead of $20.000
• VIP – $50.000 instead of $125.000

Mobile Trading App

As can be seen, they expect you to trust them with thousands of dollars, and still, they don’t have trusted mobile apps. It’s obvious they don’t care about development but only about your money. 

But to see how to avoid that, read our tips in the VerifyFX review.

Demo Account

Another feature missing from the company is a demo account.  Since there are allegations about TPC Invest’s social trading features, demo accounts would be suitable for testing. However, for these options, we’ll have to look elsewhere. We would prefer it with tier 1 licensed firms to avoid any surprises.

Education

Apparently, the company is offering trading lessons to those who deposit more money. Yet, if you are a beginner, you may forget about such options. 

Nevertheless, there are far better choices with truly regulated brokers. But to learn how to recognize those, read our Axiau review.

TPC Invest Withdrawal

There’s nothing to look for when the company doesn’t offer trusted funding methods. Firstly, they are promoting crypto transfers. That’s a clear sign you can forget about your money. 

Secondly, the company lacks transparency about fees and withdrawal policy. So, if you think you will get TPC Invest withdrawal smoothly, prepare your nerves.

Customer Support

Customer service is one of the key points when choosing a broker nowadays. In this case, it looks quite unreliable. Primarily because only a few contact options are available – e-mail and web contact form. 

Even though they mention live chat, there’s no such option on its website. On the positive side, they claim to provide 24/7 support. But most likely only to those who want to deposit.

Key Information To Consider About TPC Invest

The first thing that should be taken into consideration is a fake TPC Invest regulation. On top of that, traders can expect a lot of manipulation on the platform, with fees and conditions. All in all, the environment is far from secure.

Therefore, on the first sign of irregularity, feel free to contact us for advice. The first meeting is completely free, and most importantly, it’s your decision that matters.

FAQ Section

What is TPC Invest?

TPC Invest is an anonymous investment firm allegedly operating from Scotland since 2023.

Is TPC Invest Legit?

Not at all. The company is misleading traders about regulations while those institutions are not backed up by any government.

How to File a Chargeback Dispute?

When you collect all the information you can contact our card issuer and start the process. Yet, to avoid any obstacles, we suggest you talk to our refund team first.

The company Idex.io looks quite anonymous when it comes to legal information. The ownership of the brand, founders, and addresses are unknown. But it’s not surprising once you see what communication channels the company is using.

In any case, Idex.io is a non-custodial decentralized exchange built on the Ethereum network. This should make them far more secure than any other exchange. Yet, there are many traders reporting issues with this firm. To find out more about it, read this Idex.io review carefully.

Legal Info: Is Idex.io Legit?

Generally speaking, they should be legit, especially due to high-security standards. Yet, one thing can diminish the value of the company quite easily. That’s missing regulatory oversight. Since the company presents itself with headquarters in Panama and San Francisco, the first regulatory database we are checking is the CFTC. Yet, the results were not found.

The research was not successful for any other top-tier regulatory database, such as IIROC, FCA, or ASIC. Therefore, it’s not surprising there are so many negative Idex.io reviews.

Who Are Idex.io’s Clients?

It’s quite unclear when this company was founded. Some say in 2012, the company’s LinkedIn account shows 2016, and their domain was registered in 2018. All in all, plenty of time to build or ruin credibility. 

For the time being, this firm was mainly offering services to traders from: 

• United States
• France

Since most clients complain about stolen money, make sure to understand how it works first. For instance, this company is asking customers to connect their wallets. But the moment clients send crypto, the money is gone unless you contact our refund specialists to track it down with CipherTrace.

Traders Reviews

Currently, 100% of the reviews on the Trustpilot platform have 1-star ratings. Traders were experiencing a wide range of issues. Firstly, they were depositing money in non-existent liquidity pools that vanished, they had frozen accounts and extreme losses due to Idex.io leverage.

All in all, not something you want to see about the company.  If you have had a similar experience, feel free to share it with us. Ultimately, our team can advise you about the refund procedure.

Leverage, Commissions, Spreads, Fees and Taxes

In general, the company’s fees are quite acceptable. Makers can expect fees of 0.1% and takers 0.2%. Apparently, there are no deposit and withdrawal fees. 

Also, there’s a discount on fees if you are staking IDEX tokens. A quite smart move from the company to make traders deposit directly in their pockets.

Bonuses

As can be seen, the Idex.io exchange is not offering any welcome bonuses. At least not transparently. In any case, their legal documents are not transparent. So, if there are any bonus deals, conditions will be unknown to the public.

Idex.io Trading Features

All the features of the Idex.io crypto exchange can be questionable after this review. The whole idea of this firm is to make investors either stake or farm IDEX tokens. In the end, all that money ends up in the company’s pockets.

Trading Platforms Available

Generally speaking, the company’s platform looks quite average. With charting and technical tools imported from TradingView and very basic trading features, it’s a shame to compare them to any other firm. 

On top of that, it’s a web-based platform. But to see why that might be an issue, read our Magna FX review.

Available Trading Assets

In addition to the average platform, traders can also expect the average instruments offered. In fact, there are only 26 crypto pairs listed on the platform. Those are: 

• WBTC – USDC
• USDT – USDC
• QI – USDC
• SYN – ETH
• MANA – ETH and a few more.

Account Types

With some exchanges, clients can get some benefits if they invest more. This works perfectly with this company as well. 

For instance, you get a 50% discount on fees for holding IDEX tokens. Unfortunately, there are no other classifications or benefits for users.

Mobile Trading App

One of the biggest disadvantages is that the company doesn’t offer trusted mobile apps. These are the keys in the trading world nowadays, especially in crypto. 

Still, don’t get tricked into thinking the company is legit only if they offer good software options. A great example of that can be found in our Sapphire Markets review.

Demo Account

Demo accounts should be a standard feature for all companies offering leveraged trading primarily because high leverage and crypto volatility don’t go hand in hand. Yet, with Idex.io company, such a testing option is not available.

Education

Another thing worth noting is that the firm does not offer any educational programs. On the other hand, that’s logical since they want their customers to be as uninformed as possible. Otherwise, they wouldn’t be investing with them.

Idex.io Withdrawal

According to the company, all deposits and withdrawals are made with crypto. That’s quite scary knowing that Idex.io regulation is missing. 

Even though they are lying about many things, it shouldn’t surprise us if there are no withdrawal fees. After all, all the money stays in their pockets. So it’s not hard to connect that.

Customer Support

Instead of phone lines and e-mail, this company offers other contact solutions, such as Telegram, Discord, and live chat. This tells you they are hiding behind the keyboard the whole time. 

Also, the support staff’s working hours are unknown. Therefore, it remains a question if you will get adequate assistance. Some reviews may show you the truth.

Key Information To Consider About Idex.io

The first thing to watch out for is the 100% negative reviews about the firm. This tells you everything about the company’s activities. In addition to that, the company does not offer trusted and licensed services.

Overall, there are far better possibilities in the crypto world than this company. Still, traders can fall for tricks, and it’s not a shame if it’s the first time. For the second time, you’ll have to wonder. Anyways, if any company is holding your crypto, feel free to contact our refund specialists for advice.

FAQ Section

What is Idex?

Idex is a decentralized crypto exchange offering its services as a non-custodial exchange built on the Ethereum platform.

Is Idex Legit?

No. Numerous negative reviews point out all the problems traders can face with this exchange. Primarily withdrawal-related.

What is CipherTrace?

A tool that helps institutions prevent money laundering and illegal activities. But also, helps us track stolen crypto. To find your crypto, contact our team today.