C2CX Review: this is the name of a cryptocurrency exchange platform that is based in Luxembourg but targets Chinese investors. Is c2cx.com a legit platform or a scam?
The C2CX is a cryptocurrency exchange platform that allows traders to exchange the most popular coins in the market. Safety is a high valued feature of this platform. we do not find it strange that it is located in Luxembourg because the Chinese authority have banned ICO.
Interests are offered on all USDT holdings but we find that they are yet to start this. On the website, it says it is coming soon. The page seems to be introducing a new version called C2CX 3.0 that allows traders make huge leaps.
It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
C2CX Trading Platform
Although the trading platform offered by C2CX is not the popular MetaTrader it is still a commendable one. It offers some very useful tools that allows traders navigate the market easily. There is an Order Book and other charting features to view trade details.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
We are not sure the platform allows Forex robots to work as well. This is not an encouraging find because it does not also come with mobile apps.
Maximum leverages offered is not mentioned on the page and this is important. Some may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are not mentioned which we find discouraging.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
We find that it allows traders to use such cryptocurrencies as Bitcoin, Ethereum, Skycoin, Synthcoin and so on. But USD and EUR cannot be used to but these cryptos. The trading fees are 0.20% for every trade which is quite affordable when compared to many other platforms offering this type of service.
Deposits are done for free and withdrawals come with small fees. For example, withdrawals in Bitcoin costs 0.0001 BTC and Ethereum costs 0.01 ETH. Fiat currency is also accepted.
Despite the fact that C2CX requires a wo-factor authentication, traders are not required to give verifiable details. Thus trades can be conducted anonymously.
Is C2CX Licensed?
Yes. It is registered in Luxembourg with the name, Cybertrust S.A but it does not come under any top commission. Traders are warned to avoid trading with unlicensed brokers.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
To contact the customer care representative, interested clients are to dial: +852 8176 9490
The company is not registered and holds no proper license from any recognized commission. C2CX offers some good trading conditions as well as many options in coins. If you have anything to add to this review, drop opinions in the comments box below.
COMPARE WITH A TRUSTED BROKER
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