After reviewing Cryptoxtrades, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Cryptoxtrades?
On the surface, Cryptoxtrades looks like an ordinary forex and crypto broker. Its public site is presented at https://cryptoxtrades.com/. But surface impressions are exactly what these operations rely on — the substance behind Cryptoxtrades is where the problems begin.
Is Cryptoxtrades regulated?
We could find no evidence that Cryptoxtrades holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- No credible physical address or verifiable corporate record
- Account dashboards that show “gains” with no real market exposure
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
Our analysis
On 15 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Cryptoxtrades is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/cryptoxtrades
Can you recover money lost to Cryptoxtrades?
If you have deposited with Cryptoxtrades, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Cryptoxtrades?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.