Another broker claims to be the best, most reliable, profitable, and comfortable. These are just words that mean nothing without real proof. In this CryotoxTrade review, we will uncover what lies behind these promises and why this platform resembles scammers more than a trustworthy intermediary for trading on Forex and CFDs.
Key Features
- Company Name: CryotoxTrade
- Website: https://cryotoxtrade.com/
- Available Contacts: [email protected], +45(0)800-123-456
- Foundation: 2023
- Services: CFD Trading
- License: No
- Initial Deposit: $5,000
From Sign-Up to Payout
To newcomers, the design of CryotoxTrade’s official website may seem ordinary, but those who have been browsing different brokers for a while will immediately recognize a familiar template. Indeed, the company used a ready-made template to create its site. We’ve seen this design multiple times with other companies. And you know what’s most interesting? All of those companies turned out to be scammers. Let’s see if that will be confirmed this time as well.
The site itself doesn’t stand out. At the top, there’s the main menu, buttons for registration and login, and the option to change the language. By the way, only two languages are supported: English and French. It’s worth noting that the text highlighting and copy function on the site is disabled.
The quality of cryotoxtrade.com leaves much to be desired, especially when it comes to information. Key details about the broker’s operations and trading conditions are almost nonexistent. Even the office address is missing from the contact section, and the phone number looks like a string of numbers from 0 to 6: +45(0)800-123-456. Clearly a fake number. Couldn’t they at least have placed the digits in random order so it would somewhat resemble a real one?
To register an account, you only need to provide your contact information and name. The broker allows access to the personal account without verifying contact details. The deposit option is closed, likely requiring identity verification to be unlocked. Only after this, CryotoxTrade may allow access to account funding.
We recommend not rushing to provide scans of your documents. First, fully determine whether the firm can be trusted. You need to ensure that the broker operates legally. If that’s the case, they will securely store your personal data. Otherwise, you risk exposing your information to anonymous scammers.
Judging by the withdrawal section, CryotoxTrade only supports cryptocurrency transactions. Although this information isn’t confirmed, such an approach raises serious concerns. With cryptocurrency transfers, it’s impossible to do a chargeback, and legitimate companies usually offer not only crypto transfers but also payments through bank cards and wire transfers.
Our Trading Experience With CryotoxTrade
The description of the platform on CryotoxTrade’s official website does not match reality at all. The terminal is significantly worse than advertised. This shouldn’t come as a surprise — brokers often exaggerate their software, emphasizing its supposedly undeniable advantages to attract traders’ attention.
Instead of an advanced and multifunctional terminal, CryotoxTrade offers a primitive web trader. It can’t be downloaded onto a smartphone or installed on a computer because it’s only available in web format. This is extremely inconvenient, as web platforms always lag behind desktop ones in terms of performance and ease of use.
The terminal offers nothing unique or advanced. It only has the most basic tools: limit orders, technical analysis, indicators, and a few timeframes. And that’s it. The platform could have been much better, but unfortunately, it’s not. The only thing it allows is opening and closing positions.
The Reality Check
Usually, in this part of our exposés, we present many facts about licenses, legal information, and other important details. However, in this CryotoxTrade review, there is simply nothing to expose — because there’s no information at all.
The broker has not provided the address of its headquarters, makes no mention of any licenses, conceals how long it has been in operation, and generally behaves as secretly as possible. Even basic documents such as the user agreement, AML&KYC policy, or privacy policy are completely absent from the website.
If a firm hides such important details, it’s a clear sign of fraud. For comparison, on the websites of any legitimate and well-known companies, you can always find a legal address, registration details, licenses, and a full set of legal documents. Here, there’s complete emptiness.
We can’t even find any leads to check the company in legal or regulatory registries. And there’s no point in doing so. It’s obvious that CryotoxTrade is a fraudulent and illegal broker.
How Long Has CryotoxTrade Been in the Game?
Despite the lack of information on the platform’s operational timeline, we can still find out its launch date. The domain cryotoxtrade.com was registered on May 23, 2023. We also checked archived snapshots through WebArchive and found no data for 2023 — the first snapshots appeared only in 2024. This leads us to conclude that the fraudulent project was launched in May 2023. Such a short period of operation is clearly not trustworthy and cannot be considered serious.
Extra Fraud Indicators
We will also add more red flags in our CryotoxTrade review:
- Fake email address. Not only is the phone number fabricated, but so is the email. Writing to it is pointless; your message won’t reach the recipient.
- High minimum deposit. This scam demands a minimum investment of $5,000 — no serious broker has set such a high minimum threshold for a long time.
- No demo account. You cannot practice without risking real money. Combine this with the high minimum deposit, and it becomes clear that considering this platform is meaningless.
- Fake positive reviews. In the spring of 2024, several dozen fake positive reviews were published. The texts are similar to each other and provide no real proof of the company’s solvency — clear signs of fake reviews.
Here’s another batch of negative signs. Is there anything positive at all? Nothing. The company has no advantages, only drawbacks, and red flags.
Is CryotoxTrade the Right Fit?
There’s nothing to do here. It’s pointless to even try registering an account. The company has gathered too many negative factors around it. It operates illegally and offers nothing of value. You’re looking at a typical scam broker created by anonymous fraudsters with the sole purpose of stealing money from naive traders and investors.
Please help me. I invested $5.5K into this six months ago, but since then, I haven’t been able to withdraw my money. I already tried to resolve the issue with CryotoxTrade back then but couldn’t. Here are the details: the transfer was made in cryptocurrency. What should I do? I have $4.2K left from the initial deposit. I understand there’s no point in trading further because I’ll just keep losing money. I want to withdraw my funds, but the scammers won’t let me do it. So, my question is – do I have any chance of getting my deposit back, or should I just forget about it for good? It’s really frustrating.