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Crypto Genix FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cryptogenixfx.com/signup.html, about the company's legal and temporary regulatory information, the company's address 7601 Conroy Windermere Rd, Orlando London N1 7GU England.

Crypto Genix FX Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Crypto Genix FX LTD.
Abbreviation
Crypto Genix FX
Company employee
--
Customer Service Email Address
support@cryptogenixfx.com
Contact Number
+447868748553
Company address
7601 Conroy Windermere Rd, Orlando London N1 7GU England
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Crypto Genix FX broker review

Rating Index

  

Crypto Genix FX Forex Broker - Comprehensive Information Guide

  

1. Overview of the Broker

  Crypto Genix FX, formally known as Crypto Genix FX Ltd., was established in 2019 and is headquartered in the United Kingdom. The company operates as a private entity, specializing in providing trading services across various financial markets. The primary clientele includes individual retail traders as well as institutional investors seeking to diversify their portfolios through forex and cryptocurrency trading.

  Since its inception, Crypto Genix FX has aimed to offer competitive trading conditions, leveraging advanced technology and popular trading platforms. The broker has made significant strides in establishing its presence in the market, although it currently operates without regulatory oversight, which raises concerns about investor protection.

  The company provides a range of trading options, including forex, cryptocurrencies, indices, and commodities, allowing customers to engage in diverse trading strategies. The business model primarily focuses on retail forex trading, catering to both novice and experienced traders.

  

2. Regulatory and Compliance Information

  Crypto Genix FX is currently unregulated, which poses potential risks for investors. The absence of a regulatory authority means there is limited oversight and protection for traders. Various regulatory bodies oversee the forex and cryptocurrency markets, including:

  • Financial Conduct Authority (FCA) in the UK
  • Cyprus Securities and Exchange Commission (CySEC)
  • Australian Securities and Investments Commission (ASIC)

  However, Crypto Genix FX does not hold licenses from any of these or other recognized financial authorities, which is a significant drawback for potential clients.

  The company does not provide specific regulatory numbers or details about its compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. The lack of transparency regarding client fund segregation and participation in investor compensation schemes further complicates its regulatory stance.

  

3. Trading Products and Services

  Crypto Genix FX offers a diverse array of trading products, catering to various trading preferences. The trading instruments available include:

  • Forex: Major currency pairs such as EUR/USD, USD/JPY, and GBP/USD, along with minor and exotic pairs.
  • Cryptocurrencies: Popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
  • Indices: Major global indices including the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite.
  • Commodities: Precious metals like gold and silver, energy products such as oil and natural gas, and agricultural commodities.

  The broker regularly updates its product offerings, but specific details about the frequency of updates or newly added products are not disclosed. Retail trading services are available, focusing primarily on individual traders, while institutional services are not prominently featured.

  

4. Trading Platforms and Technology

  Crypto Genix FX primarily supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are industry-standard choices known for their user-friendly interfaces and robust trading capabilities.

  • MetaTrader 4: Recognized for its simplicity, MT4 is suitable for traders of all levels, offering advanced charting tools and automated trading capabilities.
  • MetaTrader 5: This platform extends the functionalities of MT4, catering to a wider array of financial instruments and providing enhanced analytical tools.

  Currently, there is no information regarding any proprietary trading platform developed by Crypto Genix FX. The broker does not offer a mobile application, limiting trading access to desktop environments.

  In terms of execution models, Crypto Genix FX operates primarily on an ECN (Electronic Communication Network) model, which allows for direct market access and potentially tighter spreads. However, specific details about server locations and the technical infrastructure supporting the trading environment are not provided.

  

5. Account Types and Trading Conditions

  Crypto Genix FX offers two main account types to accommodate various trading needs:

  •   Standard Account:

  •   Minimum Deposit: $100

  •   Leverage: Up to 500:1

  •   Spreads: Starting from 0.0 pips (EUR/USD)

  •   Commission: None

  •   ECN Account:

  •   Minimum Deposit: $10

  •   Leverage: Up to 200:1

  •   Spreads: Starting from 0.0 pips (EUR/USD)

  •   Commission: $3.5 per lot per side

  Both account types provide access to demo accounts, enabling traders to practice their strategies without risking real capital. The minimum trade size and overnight fees are not explicitly detailed in the available information.

  

6. Fund Management

  Crypto Genix FX supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards: Visa, Mastercard, Maestro
  • E-Wallets: Skrill, Neteller, Perfect Money

  The minimum deposit requirement is $100 for the standard account and $10 for the ECN account. Deposits are typically processed within 24 hours, while withdrawals are generally completed within 1-2 business days.

  There are no fees associated with deposits or withdrawals, although specific withdrawal methods and any potential limitations on withdrawals are not provided in the available information.

  

7. Customer Support and Educational Resources

  Customer support at Crypto Genix FX is accessible through multiple channels:

  The customer support team is available 24/7, but the absence of social media support may limit accessibility for some users. The platform reportedly offers multilingual support, although specific languages are not listed.

  Currently, the official website is inaccessible, which limits access to educational resources. The broker does not provide comprehensive educational materials, such as webinars, tutorials, or market analysis services.

  

8. Regional Coverage and Restrictions

  Crypto Genix FX primarily serves clients in the United Kingdom, but its unregulated status may limit its acceptance in other jurisdictions. Specific regions where the broker does not accept clients are not explicitly mentioned, but potential clients should be cautious of local regulations that may affect their ability to trade.

  In summary, while Crypto Genix FX presents a range of trading products and competitive trading conditions, the lack of regulatory oversight, limited educational resources, and current website inaccessibility raise significant concerns. Traders should carefully consider these factors and assess the platform's suitability for their individual needs and risk tolerance.

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Crypto Genix FX Forex Broker has an overall rating of 1.49, Regulatory Index 0.00, License Index 0.00, Business Index 6.87, Software Index 4.00 Risk Control Index 0.00.
Crypto Genix FX