In this review of Cryptoxnia, we highlight reasons why you should avoid the broker at all cost. The broker is actually a scam.

If you lost money to Cryptoxnia, you can file for chargeback to recover your lost funds. This is how to get started with the procedure of recovering lost money from any Forex and Crypto scam.

Cryptoxnia Review: Broker is not legit but a scam

Cryptoxnia is based in an offshore location which is known for accommodating shady brokers.

The broker has refused to disclose their address because they are aware of the fact that the entity is shady and is operating from a jurisdiction where regulations are non existent.

We don’t recommend trading with brokers from any offshore region. The risk is just too high.

Cryptoxnia’s website is enticing traders using attractive offers but distracting them in the process. This means that when you visit the site, it will be difficult for you to ask the hard questions.

What a potential victim sees from a site like Cryptoxnia.com is money and how they are going to amass wealth quickly.

With an attractive website in place and convincing sales language, you will want to sign up.

The process of signing up requires you to submit your phone number as well. Brokers like Cryptoxnia use this phone number to call and persuade you to fund your account so that you can start ‘investing’.

Since they are obviously shady, Cryptoxnia will also share your phone number or other details with scammers in their network.

This is why if you sign up with a phone number, strangers claiming to be investment managers will flood your whatsapp with all kinds of bogus investment deals.

If you fall for these creepy salesmen, you will lose your money. It’s as simple as that.

Cryptoxnia Review: Broker is not authorized by any financial regulator

You should never trade with an unregulated broker like Cryptoxnia. The website is offering an illegal financial service since they solicit funds from traders by pretending to offer a legit trading platform.

The broker is providing an address which is known for accommodating unregulated and scam brokers. Cryptoxnia is no exception.

When you transfer your funds to the offshore location (of course in the scammer’s bank accounts), recovering it may be tricky unless you involve professionals.

An unregulated broker like Cryptoxnia is interested in stealing your money and nothing else. They will use two methods to achieve their goal.

The first phase is to convince you to fund your account. They would then wait for you to do the trading but instead of making money, you will realize that you are making one loss after the other.

Even the best of traders out there can’t make a consistent profit if they trade with market makers and scam brokers like Cryptoxnia.

The broker is making money by scamming victims and they also know that there is no consequences for their action.

This is why you should avoid them at all cost.

The Conclusion of this Broker review

It does not matter how convincing their site is. We’ve seen many red flags on this website starting with their offshore location followed by the fact that they are not licensed.

There are no user reviews about Cryptoxnia and you also don’t want to be among the first unlucky people to lose funds on this bogus trading platform.

Thanks for reading this review. In case they scammed you, there is help. File for chargeback by following this procedure.