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CryptoLiquidityX or Crypto Liquidity Exchange Platform (cryptoliquidityx.com) may be an exit scam. The platform fails to provide any legal documents to prove safety is a guarantee. And this is one of the many red flags we spotted on the platform. Crypto Liquidity X claims to be a leading Crypto investment platform. What we have is an attempt of being a professional crypto investment platform. Here’s our detailed CRYPTOLIQUIDITYX REVIEW.
A Detailed Summary of CryptoLiquidityX
When you head over to their about us page, CryptoLiquidityX claims to reside in Switzerland. The platform also claims to have seven branches all over the world. Additionally, there are claims of having offices in Dubai and Hong Kong.
None of these claims can be substantiated, which is a huge problem. There’s no way we can believe that the platform, which is little known, has that wide reach. If the platform were recognized, there would be chatter around it.
Crypto Liquidity X wants to appear legit in the eyes of investors. Instead, what we have is an attempt to entice naïve crypto investors. With the rapid decline in their status, we had to find out the reasons behind it.
There have been complaints from investors that the platform is ruining lives. In addition, most of the members claim withdrawal delays with the platform. And this is the reason we believe the platform plans to exit from the scene.
We have seen this type of investment before. No one gets to have such complaints if they plan to stick for long. And these are some of the red flags investors won’t bother checking about the platform.
Before you invest in any crypto platform, you need to find out more about it. Get to know what other investors are saying about the platform before you fully invest. It gives you a better understanding of the platform.
Accounts CryptoLiquidityX
CryptoLiquidityX provides three trading accounts for investors. These accounts cater for all classes of assets. You should know that the platform takes crypto as the crème de la crème of trading.
Here’s a closer look at the three accounts;
Standard
As the name suggests, the standard account is best for newbie traders. The acceptable minimum deposit is set at $250. You get leverage of 1:80 on all trading products. Members also get an account manager with this tier.
Premium
There’s a minimum acceptable deposit of $2,500 with the premium account. The account is almost similar when it comes to features. One notable difference from the standard account is having a financial advisor.
Luxury
It’s the most exclusive account of them all. You have to make a minimum deposit of $25,000 to start trading. Please make note that the same applies to those using the Euro as their preferred currency. Features include those of the above accounts and commissions of $10 per lot.
Account manager
One would think that having an account manager will give you access to better trading results. Unfortunately, it’s not the case as Crypto Liquidity X hires call agents to act as account managers. We have received a few complaints from a few members.
These account managers will call you at odd hours, claiming to have a lucrative investment opportunity. All you have to do is deposit funds and wait for the profits to soar. Unfortunately, it’s not the case as soon, and the account manager will disappear.
Attempts to get help from the platform are futile. The platform will insist that the account manager is out on leave. And this means you will have lost your funds. The platform moves quickly to replace the account manager with a new one.
Account Notable Features
We have to highlight that the platform offers high leverage on all trading assets. You get minor leverage at 1:150 for the premium account. The other two accounts have a maximum leverage of 1:500.
If you are new to trading, you should know that the industry has set leverage rules. These guidelines protect investors from incurring losses. But, of course, if the trade moves against the trader, their loss is much more significant.
In most jurisdictions such as Europe, leverage is set at 1:100. For retail traders in the United States, leverage is set at 1:50. Unfortunately, high leverage also means volatile earnings, leading to considerable losses in the long run.
Available Trading instruments
The platform also offers bonds, commodities, forex, indices, and stocks, apart from crypto trading. Sadly, these assets don’t bring much excitement as the crypto trading arena. And this is why you need to invest heavily in the right crypto platform.
Business proprietor
Despite having an about us page, there’s little to no information regarding the platform’s background and history. So, for example, we don’t know when the platform started its crypto trading venture. And that’s what we had to find out.
There are no names of the people working for the platform nor the owners. And this makes CryptoLiquidityX an anonymous investment platform. You should know who owns a platform and find out their credibility.
Contact and support
When trying to find out whether a platform is a proper fit, test its support structure. Please send an email and see how long it takes to respond. For example, for deposit requests, the platform will send a fast email response.
Sending withdrawal requests via email triggers a spiral effect. First, you get your account blocked as the platform now knows you want out. Unfortunately, it’s the state most investors are currently facing with the platform.
CryptoLiquidityX License and Registration
Swiss regulators don’t have any platform licensed or regulated with the name CryptoLiquidityX. It goes to show that the headquarter address is also a lie. The platform does not provide copies of their license certificates as with a compliant platform.
These are some of the documents you must ask for before signing up. With several complaints, regulators in Europe plan to issue a warning. During the investigation period, the platform’s accounts might be frozen.
Deposit and withdrawal channels
The platform ensures anyone can easily fund accounts. You get to deposit via bank and wire transfer. Crypto deposits are also allowed as they are fast with little transaction details. However, we don’t recommend you fund accounts belonging to Crypto Liquidity X.
Here’s why; there’s a high chance you won’t get an opportunity to withdraw. The platform moves to block or delay withdrawals. Those who get to withdraw only do so in small amounts. No member manages to withdraw the whole balance found in their account.
Domain records cryptoliquidityx.com
As we publish this post, the website is 238 days old. Claims of having over ten years in the crypto online investment world are false. That’s why you need to check and confirm a platform’s registry documents.
Platform in use
You can only trade using their custom-built web trading platform. It has several loopholes, such as instability and slow executing of trades. These are the features that make investors lose when placing trades.
Safety of funds CryptoLiquidityX
Your funds are far from safe with a platform that fails to offer any meaningful investment. You don’t get insurance cover for deposits made. Segregation of funds is out of the question with the platform.
We suspect the platform holds all crypto assets in a single wallet. And this puts everyone’s funds at risk.
Verdict
We recommend that you stay away from Crypto Liquidity X.
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