Crypto Xchange Review Is cryptoxchangeapp.com Scam Or Legit

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Traders` reviews for Crypto Exchange Pro

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

More scamming attempts

I have had three contacts from someone purporting to be Charlotte Stone of SSRR Escrow Services. She tried to tell me the value of my account was about fifty percent higher than the amount I had invested. She said there would be a fee to release this money, to which I replied that I would not be paying any amount at all and that I believed she could be one of the scammers.
I asked her to give me some information which would allow me to check that she was really who she said she was, and I asked for the company registration number and names of the directors. She said she would get back to me but, surprise surprise, she hasn’t.
I fully believe that SSRR Escrow are a bogus outfit she is just one of the criminals.

CEP Liquidation

Unbelievable cheek of these scammers. Now they are pretending to be Catapult Asset Management. Now there are even bigger sums to release and of course there is an invoice to release these funds. The address on the form is Catapult asset management, Aldgate Tower, 2 Leman Street, Lindon E1 8QN Reg number 05440664. Tel No: 02079711260. Of course I’m ignoring again and contacting action fraud is a waste of time. Is anyone else getting the same letter? Please ignore as they are scammers.

CEP Liquidation

Why am I not surprised to hear this. A legal friend carried out a check for me recently .

I am always alerted and on alarm where it is difficult or impossible to identify the contracting party.

The promoters have gone to great lengths to hide this one;

It’s a US corporation.

There was a company called Crypto Pro Ex Limited.

ВЈ1 share capital.

No accounts filed.

And at one time its registered office was at No 1 Royal Exchange Avenue.

But it was struck off the Register of Companies and dissolved on 9 April 2020.

If it was the trading entity in the UK, why has it been dissolved?

CEP Liquidation

Was told last week that CEP were going into liquidation will be end of June. Sai was i interested in sending my 10 % to free up my account before it happens ,. Spoke to Warren Black who said company had debts and basically admitted using what was in my account 109 k to pay theses off .Itold him what he was doing was illegal as clent money by law should be kept seperate and said dont you know what you are doing just to wind him up think it worked as tried to pass me on to a junior. Will ring tomorrow to wind up some more .

Crypto Exchange Pro deposit

Has anyone paid more money to enhance their account on the promise that they would then be able to withdraw money or even withdraw the whole value of their account ??

Crypto exchange pro – liquidation?

Last November I put a lot of money in CEP after initial good results. Lost the whole lot in one month. Had emails such as 24/01/2020 – Unfortunately we regret to inform you that due to a poor trading quarter Crypto Exchange Pro has now entered the process of liquidation. Contact email was James Bartrum .

Next email 15/03/2020 – Your new account manager has made several attempts to contact you to no avail to discuss your account. Could you please contact us or tell us when is best to contact you as this is becoming a matter of urgency. Amazing seeing they were in liquidation. Checked my account and there is now 51k in the account. Not even worth trying to contacting them as will be a waste of time. Submitted case to action fraud. 2 months later and still no reply. Total scammers able to get away with it.

Crypto Exchange Pro – boiler room

Hi Paul,
I had another call from a Mr Black who tried to tell me that CEP were an honest company and that he had got rid of all the earlier traders etc. When I asked for my money back he gave me the same reason as he gave you, i.e.that my account had not reached a high enough level. He said I would be compensated for the run of bad trading which almost lost all the money in my account.
I think he is a liar and one of the boiler room boys who was just fishing for information.
His call came in from 020 388 32149. I don’t know how to find the associated address but maybe you do.
I updated the Metropolitan Police on this but have heard nothing from them at all.

Crypto Exchange Pro bonus

Has anyone on here been refused their money because they have not reached the turnover quota required because they have recieved a bonus.
Paul

legal

Has anyone sought or thinking of seeking legal advice on their situation.

contact

as anone been in cotact with the firm lately

contact

my account increased a couple of weeks ago but when i spoke to them yesterday i got a load of crap saying that this money was a different account and i still had not reached my 3 times the limit.This i why i have to pay a liquidity fee so they say but i have been trying to get bank details of them for 6 weeks and cant get them .
It would be good if someone else gave them a ring and try to understand what is going on. Has anyone talked to them about liquidating their account and is anyone seeking legal advice.
0203883 2150 is their number Alistair Crown or Peter Nicholls to speak to they seem to be in charge ,got to be careful if you wind them up they will just put the phone down

CEP Activity

Likewise, Bruce, my account suddenly increased by several thousand pounds yesterday. This morning I received an email (from: [email protected]) saying they have tried to contact me several times about my account as a matter of urgency and would I forward my up-to-date contact number. They have my number so haven’t tried very hard or even left a message, if they have indeed rung me . from a number(s) I don’t recognise as CEP. And, not surprisingly, their email does not give any contact number for them!
I hope miracles do happen as they have caused me some financial difficulty and embarrassment.

phone lines

their phone lines are open again

Activity

I have had a couple of phone calls from someone saying they were going to sort the CEP platform out, recover lost monies and maybe lost profits. I see my account is showing a balance of ВЈ5000.00.
I don’t know where this money has come from and I suspect it will be just part of more skulduggery. I don’t believe a word of what I was told but I’m told that miracles do happen.

website

Their website is back up
has anyone talked to them recently ?

CEP scam

I can tell a similar story to what’s already been said below.
Unbelievably, they were still ‘trading’ the small amount left in my account – presumably, to give the impression they are a bone-fide operation?? However, the site has now changed (in the last couple of days) from CEP to CryptoCoin.com so your log-in details will no longer work.

communication

If we are to try to catch these people we have to communicate with each other on here
Paul

Communication

Is any one communicating with Crypto exchange at the moment?

Bank Account

Could you ask your bank if the account you paid the money into is still open?

Crypto Scam

I have passed all my information about Crypto Exchange Pro to Action Fraud(the police)and I hope that all others affected will have done the same. We have the account numbers and sort codes to which the monies were paid, and my bank, Nationwide has set up a fraud investigation.

I had to push my bank to agree to do this and I think we should all get together(I don’t know how) to make a combined effort for action.

Crypto Exchange Pro withdrawal

I have tried to withdraw my funds after talking to the company, they say because my account is not 3 times the size i invested i am unable to do so. They quote i have agreed to this by signing up to their account and it is in the terms and conditions .I have looked on the website and it is in the risk disclosure part point 8 but i was not told about this when i joined.

Does this mean it is legally binding,any advice would be greatly appreciated.
Thanks

Scammed by Crypto Exchange Pro

I am relieved to see that I was not the only one; although I am sad to say that we were clearly scammed. It seems, from the dates of the previous posts, that we all lost contact with our “financial advisors” around the same time. I had an account with the company for almost a year and received great gains every quarter. December 2020 is when I lost contact with Jordan Ballet, my “financial advisor”. I am curious as to what countries every body is in. Seems to me that the company reached out to the US and I am curious as to how everyone heard of or was referred to the company. I was referred by a long time friend that we had a falling out about 2months ago on a bad business deal; therefore I have been unable to ask him about his account and/or last contact with anybody from CrytpoExchangePro. Cheers to us all learning an expensive lesson!

Scam – I have not been able to recover any of my lost funds

I have not been able to recover any of my lost funds but have given details and all names to the FCA and a full report to Action Fraud.

I have not heard anything from them so am continuing to investigate.
I am suspicious of Daisy Avery who disappeared from either Facebook or Linkedin when I tried to make contact She could be the Tracy Avery-Wright living in the Channel Isles.

Any spreading of the names which I included in my post of 23rd December might help to unearth something useful.

Crypto Exchange Pro seem to have disappeared – more news

I have been contacted by a firm claiming to be Titan Global Finance saying they have my funds held in escrow and they would send me the forms to get funds released. The phone call seemed quite professional but the paperwork which arrived quoting Titan Global Finance and a legitimate address and signed (allegedly)by their director.

I tracked the director down (he is a solicitor) and he confirmed the letters did not originate from Titan Global Finance (who are actually a PLC and bona fide organisation).

The letters contained an invoice for ВЈ750 and I expect a call asking for payment in the next day or so. Needless to say I am contacting the Fraud Squad etc. Just a warning to all!

Crypto Exchange Pro seem to have dissappeared

My experience is similar to others. ВЈ2500 was traded (apparently) from mid Sept to over ВЈ4k by end November and didcussed adding more funds with Adam Carter and how to withdraw funds. Was also told could only withdraw at end of quarter, which had never been mentioned before, So I did not invest more and surprise surprise between 1st an 10th december account showed trades reducing my balance to ВЈ23.50.

Fairly obviously trades shown to cover fact that my funds were stolen.
Avoid them at all costs a bunch of crooks

disaster

it would seem i am in the same boat as you ,was doing well upto end of November then December a disaster. Now i can’t get hold of anyone the answering service was still there on Tuesday.

Did you get any of your money back and how long did you trade with them for?

Boiler room scam

The scam which has been in operation under the name of Crypto Exchange Pro has a telephone answering service and the two females answering gave their names as Jemma Wood and Isabel Howard. I don’t know if these are genuine but if anyone knows of them they could provide a link which the police could follow up.

Crypto Exchange Pro is registered at Companies House as Crypto Capital Exchange Ltd, reg. no. 11003640.

The main Director is Mr Bruce John Stuart Maclennan from St. Clears Farm,
Clapwater, Fletching, Uckfield, TN22 3YA.

Does anyone know this guy?

Crypto Exchange Pro Scam

Crypto Exchange Pro (CEP) is operating a scam. I have lost approximately eighty percent of money deposited with them
They have a very professional looking platform which I think has come from the US.
I was initially cold-called and persuaded to invest a small amount of money to give their system a try. It performed exceedingly well and this persuaded to make two more larger deposits with them because I was very happy with their performance in Binary Options trading in Crypto currencies.
I now believe that no actual trading was taken place but their site showed regular daily trades, some losing, some profitable, with an overall excellent performance. I think this was just to lure more clients into the scam, and at this point I invested more money.
Unfortunately, after my third deposit was made the fund started to go down hill and was quickly down to the level of my total investment. I rang my contact there, a Mr Adam Carter, and firstly asked him to close the account. He told me the account could only be closed at the end of the quarter. I said I was not happy but asked him not to place any more trades. He said that I had agreed to their terms which allowed them to continue to trade. I was shocked by this and a short while later asked for a copy of their Terms and Conditions. I was told by one of the traders that the T&Cs were at the bottom of their website and I should read them. I did this and found there was no clause allowing continuation of trading.
I rang Adam Carter about this and he told me that he would arrange to have their ‘proper T&Cs’ sent by email. When I read carefully the whole fourteen pages of them I could not find anything which allowed them to trade against my wishes, so I rang back to Adam Carter and was told that I should read their Risk Disclosure. I read this and found that they did in fact allow continuation of trading.
I found this absolutely ludicrous and sent an email saying that these would not stand up to scrutiny in court, but that I intended to take action against him personally and against the company.
At one point earlier, when I asked for their company registration number I was told they were registered via their ‘accountant’ and given the number 11003640. When I checked this with Companies House I found the main company director was a Mr. Bruce John Stuart Maclennan of Uckfield who has been a director of sixty six companies, thirty eight of which have been dissolved.
I think he will probably be known to the FCA and the police.
During my dealings with CEP I sent a number of emails to which I did not receive a reply, and this made me very suspicious. I could not get any answers to my questions about some of the figures in my account and was always told they were ‘probably errors by the accounts department’.
The names below are of the various persons I have emailed or spoken to and need to find them, assuming the names given to me were genuine.
William Richardson, Adam Carter, Max Lockwood, David Thompson, Jordan Ballet, Charles Rose, James Bartram, and Daisy Avery and Veronica West in accounts.
The address of their premises is false and I suspect has just been used to give their operation some respectability.
On the morning of 18th December my account was reasonably healthy (about 90% of original deposit), but when I looked at it in the afternoon I saw that ten losing trades had been made within one hour, reducing my account dramatically. I suspect this was done to make me think the money had been lost on trades, but this was probably a cover for the fact that the money had been stolen.

Any help with this would be gratefully appreciated.

7 Most Common Types Of Cryptocurrency Scams & Tips to Avoid Them

CoinSutra » Cryptocurrency » 7 Most Common Types Of Cryptocurrency Scams & Tips to Avoid Them

I’ve had enough of people calling cryptocurrencies scams. I understand that the crypto space has witnessed many scams but that doesn’t mean the whole industry should be labeled a scam.

This shows the negligence on part of such people who refuse to spend some time learning about the latest revolution. And that is because such people have pre-conceived notions strongly etched in their minds.

Like I stated earlier, there are scams, undeniably, but isn’t it true for every other industry in the world?

Moreover, I acknowledge that fact and that’s why I am here to tell you about some of the most common forms in which crypto scams take place.

Cryptocurrency scams that everyone should be aware of

1. Fraudulent ICOs

The most common way to pull off a scam is to fabricate a fake ICO, create marketing hype and persuade people to buy.

That is because ICOs are a great and innovative way to kickstart a company and that is the aspect that is misused. (Read: What Are ICOs ( Initial Coin Offering) & Why Are They Good For You?)

Ethereum has become the breeding ground for these fraudulent ICOs but Ethereum is not directly responsible for it as it is an open-source project.

Instead, it is the ignorance of newbie investors who dream of 100x gains in a matter of weeks by just HODLing worthless ICO tokens.

Usual signs of fraud ICOs or Token Sales:

• Copied whitepaper
• Half team anonymous
• Unusual hurry in execution
• Mismatch of written & said words
• Ignoring hard questions
• No strong reasons for the token economy
• No roadmap

Be aware of such types of scam ICOs or Token Sales. Here are a few examples of fraud ICOs for learning and inspiration:

2. Shady Exchanges

The second most common form of scam that you will come across would be a ‘shady exchange’. The exchanges that sprang up over-night and started bragging. One needs to be very careful with such exchanges because once you trust them and deposit your coins there, you have no way to get it back if the intentions of that exchange are not right.

Also, some exchanges that start well can run away with your money any time because they fail to scale and innovate to stay relevant in the market.

Some of these platforms as reported by Bitcoin.com are:

01crypto, Btc-cap, Capital-coins, Coinquick, Cryptavenir, Crypto-banque, Crypto-infos, Cryptos.solutions, Cryptos-currency, Ether-invest, Eurocryptopro, Finance-mag, Gme-crypto, Gmtcrypto, Good-crypto, Mycrypto24, Nettocrypto, Patrimoinecrypto, and Ydconsultant.

3. Fake Wallets

With the launch of Bitcoin, many fake android wallets have also been launched on play store.

That’s why it is a big NO from us to pick any wallet randomly from the play store because there are chances that it will be fraudulent and you may end up losing your money.

Though these wallets may promise you the seed and control of your funds, never fall for them without proper due-diligence.

It is one of the easiest ways to scam people and happens many times during the launch of Bitcoin forks. These wallets take your seed or private keys and rip you off your BTC too.

⛔️#Scam #Alert: we received reports that users had their funds wiped out by a clone of our wallet that goes by the name “BTCGold Wallet” #RT

**SCAM ALERT**
This [[btcgold (XBG) “btcgold .biz”]] is not affiliated with the Oct 25 #bitcoin hard fork called Bitcoin Gold (BTG). #bgold pic.twitter.com/YavlmukkFh

4. Pyramid or Ponzi Schemes

This form of scam is easiest to spot but people still fall for it.

If you find a crypto project that actively encourages the recruitment of new investors to maximize your profits, it is a Ponzi scheme. This system works on the model of scamming the one who enters the system later.

Also, schemes that promise absurd returns are definitely Ponzi schemes.

You can quickly do a litmus test to avoid such schemes or projects by following two simple bits of advice given by Andreas M. Antonopoulos, a renowned Bitcoin speaker, and proponent.

Does it promise regular returns that exceed average market returns?

Does it focus more on recruiting new people than any product?

It’s a pyramid scheme#litmustests

5. Phishing Scams

Phishing scams are another common form of scam in the cryptosphere.

Here, the scammers will try to get your username, password, or seed keys somehow by fooling you. Mostly the attackers use two methods to achieve this:

Do watch this video from Harsh to identify and avoid such forms of scams:

6. Pump & Dump Groups

Pump & Dump groups on Telegram, Slack, and IRC are not something new in the traditional market also so why the crypto market will be left behind in this.

If you search on Telegram, you will find many crypto groups with 40,000-100,000 members in it.

What do you think they do in such groups? They don’t chit-chat. Instead, these groups are the tools to manipulate the prices of altcoins that have low market caps.

In this way, people who act fast or first get the advantage and the people who are a bit late suffer from the plummeting prices in just a matter of minutes.

There are several tools available in the market to monitor the volume increase in a particular crypto which helps in identifying such schemes.

I know some people make money like this but I am not one of them and I would suggest you stay away from it too.

7. Impersonators

The most sophisticated form of scam.

In this type of crypto scam, scammers make fake Twitter and Facebook account to impersonate the actual legit project or the person behind it.

You will find many impersonators on Twitter acting like Vatalik Buterin or Binance’s CEO and announcing airdrops etc which are never true.

Example of a fake Vatalik account:

Also, scammers have started acting as crypto exchange support staff to scam people of their crypto funds. Here are the reports.

Conclusion

Scams in any industry is not a new thing and crypto being a decentralized and open source concept is one of the easiest to replicate.

The only way to not get scammed is to trust legit sources of information, as well as self-education of investors through trusted sources like CoinSutra.

CoinSutra has all the material to make you understand how the whole crypto ecosystem works that’s why all you need to do is to spend some time teaching yourself so that you don’t get scammed.

Suggested articles to read next:

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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