WikiFX Scam Alert: Beware of Crex247 Binary Trading!!!

Investors who are still trading forex at Crex247 Binary Trading had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning on September 12th issued against Crex247 Binary Trading (crex247binaryfxtrading.com) by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/crex247-crex247-binary-trading-uk-ltd):

The FCA has issued a warning on Crex247 Binary Trading stating that this broker is unauthorized and could therefore pose a danger to your investment. It states the firm has been offering its services without the appropriate licensing, which means it does so illegally. Stay away from unlicensed brokers, because they represent a real danger to your funds safety.

WikiFX also paid a visit to the broker‘s official website to learn more. Crex247 Binary Trading claims to be based in the US but states that it is regulated by a number of respected financial authorities – Cyprus’s CySEC. the UK‘s FCA, and Australia’s ASIC, and that it holds an additional license by the FSA of Seychelles.

However, all of this turned out to be false – apart from the FCA warning, the broker was also nowhere to be found in the registers of CySEC, ASIC and FSA.

And bear in mind that if “the broker” was truly based in the U.S. it should have also been accepted as a member of the National Futures Association (NFA). And Crex247 Binary Trading is clearly not regulated there either – WikiFX made the effort and checked the NFA registers but in vain, no company or broker by the name of“Crex247 Binary Trading” were listed there.

Furthermore, Crex247 Binary Trading offers something that only resembles trading software – a chart tracking markets with two buttons attached to it. If you choose to trade on such a platform, you would not get access to any additional trading tools – you will be able to make an offer but that is about it.

In addition, Crex247 Binary Trading only accepts crypto deposits – in Bitcoin, Ethereum, USDT, Litecoin, Dogecoin, Binance Coin, and TRON. Many scammers adore crypto for its anonymity and because such payments cannot be reversed. All such transactions go into a ledger that cannot be changed or tainted at a later point – which means that you would not be able to get a chargeback unless the scammers decide to grant you one. And, of course, this is not something they would ever do. Be careful when using this payment method – if a broker offers no alternative to it, the likelihood of them running a scam is huge.

Now let's search “Crex247 Binary Trading” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3111657325.html), Crex247 Binary Tradingcurrently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Crex247 Binary Trading. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.