The broker’s name Crypto Exchange Pro is misleading as the broker is not a cryptocurrency exchange. Instead, it offers to trade in crypto coins. However, many traders will still want to trade in cryptocurrencies and we do not recommend this broker. Read the full Crypto Exchange Pro review here. In this Crypto Exchange Pro review, we will shed light on all the aspects of this broker and explain why this broker is not recommended and has a low score in particular. So without further ado, let us begin.
About Crypto Exchange Pro:
The offerings of Crypto Exchange Pro include most of the crypto coins in the market including Bitcoin, IOTA, Dash, Ripple, EOS, OmiseGo, NEO, Ethereum, Litecoin, Qtum, Monero, Zcash are few to mention. These crypto coins can be traded against fiat currencies like USD, EUR, and cryptocurrencies like Bitcoin and Ethereum. The broker wants to hide the information like the day of establishment, name of the owner and its identity are few to mention and lead us to think about fishy nature. The only information on the home page of the official website of Crypto Exchange Pro tells us about Crypto Exchange Pro INC. The company claims to be the owner and manager of brand Crypto Exchange Pro. The operational address and registration are not mentioned anywhere. The risk discloser statement of the broker indicates the association of this broker with Bitfinex. Nevertheless, we can say that the crypto exchange giant Bitfinix does not have any relationship with Crypto Exchange Pro. However, we found another information that is proof of the non-regulation of this broker. The local regulator Financial Conduct Authority of the United Kingdom has issued a scam warning against it for providing an illegal trading facility in their territory. Also, the web-based over-simplified trading platform is provided by the broker. We came across many other scam brokers those use the same trading platform. The traders around the world are fascinated by the MetaTrader because of its ease of use and advanced features. Furthermore, Crypto Exchange Pro offers a payout of 80%, which is considered unacceptable by many traders. Most of the broker’s payout starts from above 83%. Also, we were unable to search the information on the minimum deposit required for trading, and it is entirely unacceptable. Legitimate brokers provide all the necessary information to their clients.
Is Crypto Exchange Pro scam or legit?
The broker is not legit. Traders investments are at risk of fraud at this broker. In our view, the broker is a potential cryptocurrency scam broker. Avoiding it is beneficial.