CruxINV (Cruxinv.com) is a Forex brokerage that doesn’t give the name of the company that owns it or the regulatory body it falls under.
In the review below, we take an in-depth look at the features this broker allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about CruxINV.
Table of Contents
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CruxINV Trading Platform
This broker claims to be one of the global leader in online trading, with 6 offices across the world, it doesn’t give the addresses of these offices. It claims that it supports the MT4 Trading platform with spreads that start as low as 0.0.
The site gives the reasons as advantages of trading with them:
- Best trading experience
- Best trading environment
- Safety of funds
- Products and platforms
- Global operations
CruxINV Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has four account types.
Silver – Minimum deposit of €250
Gold – Minimum deposit of €5,000
Diamond – Minimum deposit of €10,000
VIP – Minimum deposit of €50,000
CruxINV Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The brokerage support, Visa and MasterCard, however, e-wallets such as Skrill and Neteller are not available.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is CruxInv Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker doesn’t give any information on their parent company, they also don’t give any information about licensing and regulation. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
So, NO, this broker is not Licensed
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Accounts
Free Trial
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
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Minimum Trade Deposit $100
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BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Cruxinv.com as they don’t provide any information about being a regulated broker.
Cruxinv.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.