Cex Pro FX Review: A Questionable Platform for Traders

Cex Pro FX claims to offer an attractive trading scheme for the investors, aiming to transform the lives of those who use this platform.
3.1/10 (Expert Score)
Product is rated as #5 in category Brokers

Cex Pro FX claims to offer an attractive trading scheme for the investors, aiming to transform the lives of those who trade through this platform. However, trusting an offshore scheme that offers instant wealth and unrealistic timelines is a risky business. It’s too good to be true because financial freedom takes time.

False Whereabouts– The First Red Flag

False Whereabouts– The First Red Flag

There is very little to trust when a company uses a fake address. It may be enough to put off any potential investor who cares about their wealth. When you can’t trust a company with such a simple thing, there is virtually no room for building trust. It gives a clear impression that the company might be hiding more.

Regulatory bodies require company addresses to ensure clarity so that an investment scheme could not just flee away from the industry without notification. So, it binds the brokers to adhere to and comply with the regulations and ensure more transparent practices.

Moreover, there is no ‘About Us’ page on the company website. Most of the web content is about statements showing high and low budget accounts, claims for providing demo accounts and freedom for customers to choose.

So, even if a client wishes to avail the services, they must first contact the company and it will get back to them. This is a clear issue of non-transparency as there is lack of relevant information. It often prevents clients from making more calculated decisions about their investments.

Cexprofx.com Review

Cexprofx.com Review

Since the company doesn’t provide an authentic postal address, it’s only possible to reach them through the website. When you reach the website for the services, you can expect their sales team to do everything to convince you to invest. The sales team has experts who will show you the offers you cannot ignore – and a lot of times, it’s too late to realize your mistake.

Even though the company plays smart by allowing their customers to chargeback, it doesn’t happen practically. In simple words, once your money is out, that’s it. Therefore, new traders are easily trapped with such offers especially when the company claims fast withdrawals.

Because of such an iffy nature of the company, it is best to do some research before handing over your money to any trading company. It also means you should practice more and improve your trading skills before you start real investments. More importantly, fraudulent brokers are in huge numbers in most markets, so it calls for thorough studies before you finalize the right option.

Cex Pro FX Team Qualification

Cex Pro FX Team Qualification

Cex Pro FX doesn’t provide any details about their team on the website. Generally, it happens when bogus companies don’t have enough skill. Offshore schemes are therefore reluctant to give out team member names and details to the customers. Most regulatory bodies ask for team credentials but Cex Pro FX doesn’t provide any of them.  It works perfectly for the company because they can quietly grab the money from inexperienced traders, and steal from them anonymously.

Cex Pro FX Trading Conditions

Cex Pro FX Trading Conditions

On the Cex Pro FX platform, you will find a web interface that doesn’t tell much about the trading conditions. There is little information on the interface which is another big red flag. Generally, the top trading companies always provide essential trading details on their website for their clients.

Deposits and Withdrawals

Deposits and Withdrawals

The minimum deposit amount is $250 and the company accepts the amounts through credit cards. However, it’s still questionable whether the deposits are transparent. Combine it with all the shady activities and lack of whereabouts, and you have a clearer picture.

In short, the company will only steal from your assets. So, to avoid any disasters, ask for legal documentation from the company before depositing the funds.

However, Cex Pro FX doesn’t want its clients to read the documents. Moreover, the documents suggest that there is no timeframe for withdrawal processes. So, you’re not sure as an investor when you will receive your amount.

Besides that, there is a 10% levy deduction if an account is inactive for three months. Also, when you accept the bonus from this company, you must have a turnaround volume of 200. Otherwise, the company takes 10% of the withdrawal amount from your account.

Contact Details and Customer Support

Contact Details and Customer Support

Unlike a quality investment company, Cex Pro FX cares least about providing efficient customer services. So, it doesn’t spend much time on developing stronger PR with the clients. It’s primarily because most traders will be one-time investors for the company.

As far as the contact details are concerned, the company provides a false address of Gibraltar, UK, and Estonia. There is false information about trading services.

Therefore, as a customer, it’s almost criminal to share your information with the company because there is very little to believe about it. Bear in mind, once your funds are transferred, they are as good as gone, and you won’t have an authentic address to locate and hold the company accountable.

What Customers Are Saying About Cex Pro FX

What Customers Are Saying About Cex Pro FX

As said, Cex Pro FX can captivate you with its irresistible offers. Even with appealing offers, it is hard to find any positive customer reviews for it. The customer reviews suggest that there is a loss of funds, which doesn’t present a great image of the company.

Cex Pro FX Regulation Status

Cex Pro FX Regulation Status

One can’t expect such a fraudulent scheme to run under any regulations.

At Cex Pro FX, it’s all about collecting money from its clients. Generally, the traders hope to gain profits from the scheme but they only realize later how the company had lied to them in the first place. Moreover, the terms for traders are quite shocking, suggesting that there is no way out for the traders as there is no safety guarantee for the invested funds.

The company doesn’t have any licenses from the regulatory bodies and it doesn’t report activities to any financial watchdogs. So, the broker is free to manipulate the opening and closing prices for the orders, leaving the investors with nothing.

Cex Pro FX Domain

Cex Pro FX Domain

The domain was registered by an anonymous person and posted its first digital insight in 2021. So far, the traffic is very little, but what’s more concerning from the investor’s point of view is that the domain expires in June 2022. This simply means that there are very few people who are going for the company’s services.

3.1Expert Score
Fraud Scheme

There are many reasons to believe that Cex Pro FX is a fraud scheme, hence, a blacklisted broker in our books. Therefore, it’s best for traders to stay away from the company and preserve their funds from getting into the wrong hands.

Customer Service Score
3.5
Trust Score
2.5
Honesty Score
3
Reputation Score
3.5
POSITIVES
  • User interface
NEGATIVES
  • Questionable Marketing Tactics
  • Unreliable
  • Horrible Market Reputation
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