Want to Trade with TradeOxen? Read This First!
TradeOxen has all of the signs of being a scam broker. It’s been flagged by the SEC. it has no license. We can see why people may be tempted to trade with TradeOxen if they don’t have much trading experience. It has three separate plans, each promising huge returns. Plan one claims to return 50% to 70%. The second plan supposedly returns 70% to 110%. The third plan returns 110% to 190%. This is insane, considering that licensed brokers return between 5 to 10% annually. Why not take a chance and try to make the big money? Because guaranteeing returns is always a sign of a scam broker. Clients don’t make money, they lose everything.
Is TradeOxen a Scam or Legitimate?
Also, TradeOxen urges clients to deposit funds in cryptocurrency and they will only provide withdrawals in digital currency–if they grant withdrawals. The reason they encourage cryptocurrency is they want to keep transactions anonymous. You don’t have to provide your name or know the name of someone you send crypto to. That is why the blockchain has given rise to so many crypto scams.
We Found Problems with TradeOxen:
- Not regulated
- SEC warning
- Fake guaranteed returns
- Encourages deposits and withdrawals only in crypto
- Negative reviews
- No transparency.
- No contact information
What You Should Do If You Have an Account with TradeOxen?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!
