RexCryptoTrade.com Review
0 REVIEWS
Out of business
Updated: Apr 13, 2022
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RexCryptoTrade is a cryptocurrencies broker. Rex Crypto Trade offers the Web Trader crypto trading platform. RexCryptoTrade.com offers bitcoins, ethereum, litecoin, ripple and other cryptocurrencies for your personal investment and trading options.
RexCryptoTrade.com's regulation page claims:
"Our license is valid in all Member States of EU, UK and USA under the provisions of the US Parliament’s Markets in Financial Instruments Directive (MiFID) which harmonizes financial legislation throughout the EU."
This same claim is repeated on these sites:
appexoptions.com
coinhitfx.com
cointopharsh.com
crextrade.com
cryptoffx.online
cryptofxworld.com
jiwoptions.com
shawoptions.com
smartwavefx.com
trade404.com
tradecryptonetwork.com
The FPA believes this claim is false. MiFID is a unified way of addressing certain financial rules in the EU. Financial trading companies still require a license from at least one member state. The USA is not part of MiFID. The legislative branch of the US Federal government is not called parliament.
Many of these sites also repeat the false claim of having been operational since 2005.
The FPA recommends EXTREME CAUTION dealing with RexCryptoTrade and the other websites listed in this alert.
"Our license is valid in all Member States of EU, UK and USA under the provisions of the US Parliament’s Markets in Financial Instruments Directive (MiFID) which harmonizes financial legislation throughout the EU."
This same claim is repeated on these sites:
appexoptions.com
coinhitfx.com
cointopharsh.com
crextrade.com
cryptoffx.online
cryptofxworld.com
jiwoptions.com
shawoptions.com
smartwavefx.com
trade404.com
tradecryptonetwork.com
The FPA believes this claim is false. MiFID is a unified way of addressing certain financial rules in the EU. Financial trading companies still require a license from at least one member state. The USA is not part of MiFID. The legislative branch of the US Federal government is not called parliament.
Many of these sites also repeat the false claim of having been operational since 2005.
The FPA recommends EXTREME CAUTION dealing with RexCryptoTrade and the other websites listed in this alert.
RexCryptoTrade's website claims the company was founded in 2005. Bitcoin wasn't created until 2009. The RexCryptoTrade.com domain was first registered in November of 2020.
Website is down. Company seems to be out of business.
Out of business
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