Ctindexforex

Ctindexforex plays the part and undoubtedly talks the talk, but does it walk the walk? The company is not shy of bragging, any chance it gets, yet we must remember the age old saying that the bigger they are the harder they fall.

The broker mentions that it is registered in the UK, but does not claim that the broker is licensed there, or anywhere else for that matter. We even went to the FCA's website to check if Ctindexforex is present in their database- the search proved useless. Ctindexforex  is UNREGULATED, and a total risk to all those that invest in it!

Furthermore, the only legal document, the Rules and Agreement offers nothing in essential information.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

There are no trading conditions to speak of because of a reason that has become way to familiar to us. We shall explain it in the following section. How do you label a broker that does not offer trading conditions? A scam!

Another sign of the broker's illegitimacy and lack of professionalism is the inclusion of google translate disguised as over 50 presumed available languages.

CTINDEXFOREX LOGIN

As mentioned there are no trading conditions to speak of, because the trading platform is in fact a chart provided by a third party chart provider that offer real time prices for assets, but does not allow for trading.

CTINDEXFOREX MINIMUM DEPOSIT

Users can deposit only via bitcoin, and only by scanning a qr code or directly via a block chain address. The minimum deposit is not indicated.

We would not deposit with this one if we were you. This broker is clearly not legitimate and not regulated, meaning that who knows what they will do with your investment. Traders should deal exclusively with brokers regulated by exemplary agencies such as the FCA or CySEC, for they oversee a brokers activities from head to toe with a severe case of diligence.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

Never give away your CVV code without first making sure that the broker is regulated by an efficient agency. By giving away your Card info with the CVV code to some unconfirmed person you are literally giving access to your funds, and if these details fall into the wrong hands, rest assured that your bank account will be promptly emptied.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

CTINDEXFOREX WITHDRAWAL TIME AND FEES

There are zero mentions of withdrawals anywhere. The short legal document does not help at all. This is a very common thing for brokers not to include withdrawal info.

ADDITIONAL FEES AND TAXES

The broker can change fees, commissions, and rules without notifying the client. The worst case scenario is the client receiving a large fee without notice.
The final clause in the criminally short legal document, is the classic indemnification clause.
We have included both clauses:

Be sure to note that any effort to withdrawal your money will be unsuccessful. Either the broker will find a loophole in the terms and conditions that is completely made up, will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use this to build a stronger case against you in the event that you request a chargeback.

We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.

HOW TO RECOVER

Don’t delay, and file for a charge back ASAP with your bank or credit card company, but also ask them what the situation with your current account is.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Victimized traders will have their guards down looking for every opportunity to get their money back. This is where the fake recovery agents come in, seeing an opportunity in your desperateness. First of all, they will promise to recover all your money, but they will ask a fee to cover their services. Once this fee is paid rest assured that you will never again hear from them.

The last line of defence for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Ctindexforex is a scam, pure and remorseless. Do not deposit here!