SCAM- Ctxholdings Forex Broker Review (2020)

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CTX Holdings Logo

CTX Holdings (https://ctxholdings.com) is a kinda new unlicensed Forex & Crypto CFD broker, which opened in February 2020 and reported by a customers as SCAM.

This broker is owned & operated by: Golden Dawn (IT) Kft, which is located at: József krt 69, fszt 1, Budapest, 1085 Hungary. No phone number is available on their website. The Official website is at: https://www.ctxholdings.com/.

For problems and withdrawal issues, read more here.

CTX Holdings Review

CTX Holdings gives their day traders and investors, a very basic web-based trading platform. The CFD platform offers you trading on underlying assets of; Crypto Currency, Forex, Stocks, Commodities and Market Indices. Professional traders looking for MT4 or MT5 will not find them with this broker.

Leverage starts at 100:1 and goes as high as 1000:1. Trading with leverage is very risky, and that is why the European regulators have limited leverage at licensed broker to 30:1. Eight account types are offered at this broker, and the minimum deposit starts at $250.

CTX Holdings is a bitcoin based broker, meaning you will need to transfer your money into bitcoin and then send it to their platform to trade. By investing Bitcoin, you lose all protection that your credit card company offers you for fraudulent charges.

Fake News Articles

Many people received a phone call from a broker offering them attractive investment schemes. Usually they bought a list of investors from the various Bitcoin trading apps, that are promoted on fake news websites. Take a few minutes and learn how the Crypto Investment Scams operate, read the article.

Before investing your money in an automated trading app, just know that 99% of people lose their money that way! Instead, educate yourself about day trading and use a licensed broker, which offers free Trading Central signals, see here.

CTX Holding Broker Review
CTX Holding Broker Review

Is CTX Holdings a Licensed Broker?

No, CTX Holdings is not a licensed broker. CFD Brokers in Hungary must be licensed and regulated by the MNB, but this broker is not.

They are registered as an Information Technology company instead. Their company registry number is: 01-09-355040 and their VAT number is: 27343467-2-42.

Scam Broker Investigator uses a quick and easy method to determine if a Crypto broker is legitimate or a potential scam. We check to see if they are licensed by the main government financial regulators, for example: FSCA South Africa, FCA United Kingdom or ASIC Australia. All brokers no matter where they are located, must be regulated by the financial regulatory agency in your local country. For complaints or problems making a withdrawal you should read this article.

 

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