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Crypto Exchange Pro Review - is it scam or safe?

Crypto Exchange Pro Review - is cryptoexchangepro.com scam or good crypto broker?

RATING: 1 / 0 REVIEWS Crypto Exchange Pro
Crypto Exchange Pro is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Trading account Min. deposit Min. investment  Payout
Standard Not specified $5  80%

 

Crypto Exchange Pro is not a crypto-exchange platform, as one might think, judging by its name and the vague information on its website. In fact, this is a binary options broker that offers trading in cryptocurrencies, but its offer is very unclear and we don’t recommend it. Read on to understand why.

 

 

Crypto Exchange Pro Advantages

 

Many cryptocurrencies available for trade

The only possible benefit of using Crypto Exchange Pro, is the rich digital assets portfolio of this broker. It offers trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, IOTA, EOS, OmiseGo, NEO, Bitcoin Cash, Qtum, Bitcoin Gold, Monero, Zcash, and more. These are being traded against USD, EUR, BTC and ETH.

 

 

Crypto Exchange Pro Disadvantages

 

Not regulated, FCA warning

The broker is pretty vague about what it does exactly, when it was established, and other background information. In the Privacy policy uploaded on Crypto Exchange Pro’s website it is stated that the broker is operated by Crypto Exchange Pro, Inc. Nothing more is mentioned about the company – headquarters, regulation, etc. We searched it in the web, but didn’t find anything, so we are not sure whether such company even exists.

 

Meanwhile, in the Risk disclosure statement on Crypto Exchange Pro’s website we read that ”These terms and conditions apply to all accounts controlled by Bitfinex”.

 

That being said, the logos of Bitfinex and another major crypto-exchange, Bitstamp, are present at the bottom of the home page of the broker’s website. Nonetheless, we doubt that Crypto Exchange Pro has anything to do with them.

 

However, most important of all is that Crypto Exchange Pro is not regulated and that the FCA has issued a warning against the brokerage, stating it is most likely a fraud and that interested traders should not trust it. 

 

 

Web-based oversimplified platform

As most binary options brokers, this one also offers its services on a web-based platform. The trading interface is easy to use, but lacks any analytics and advanced tools other platforms support. Here is a snapshot:

 

 

Click on the image to zoom in.

 

This platform is in fact not unknown to us. It seems that Blockchain Exchange Pro uses the same trading interface. Given the similar names of the two providers, and the fact that their websites are very much alike, this might be the two names of one and the same scam, so beware.

 

Payouts not that good

The payout offered by Crypto Exchange Pro is just 80% and that is below what is considered attractive, when betting with binary options brokers. Note that an attractive payout starts form 83% and above.

 

No information about the minimum deposit requirement

We were not able to find information about the minimum deposit required by the broker. Have in mind that with most brokers you can open a trading account with around $250 or less.

 

 

Conclusion

 

There is a serious lack of information on crucial aspects of what Crypto Exchange Pro offers – the nature of the services, the company behind it, its headquarters, regulation, etc. We had to register an account to find out that this is in fact a binary option broker focused on the crypto currency market.

 

Our most serious concern is that the FCA has issued a warning against the brokerage, as it is illegally targeting UK investors. We also have a major issue with their legitimacy, so you’d better not risk your hard-earned money with Crypto Exchange Pro.

 


>> Trade Bitcoin with a well regulated broker <<

 

 

To sum up the positive and negative sides of Crypto Exchange Pro:

 

Pros Cons
Many cryptocurrencies available for trade Not regulated, FCA warning
  Payouts not that good
  Oversimplified platform
  No info on the initial deposit required

 

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Traders` reviews for Crypto Exchange Pro

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