Celox Live broker wants its traders to believe they’re dealing with a young and modern trading company, offering all the best market conditions. Of course, it had to point out it’s a trustworthy broker that will be your trading partner full-time. However, since it’s an offshore brokerage, we had to ask is Celox regulated and how offshore law applies to the EU and other traders.
Read our trusted Celox review and get it all in one place.
|Broker status:||Offshore Broker (Scam Broker)|
|Regulated by:||Unlicensed Brokerage (No Regulation)|
|Scammers Websites:||Celox.live (inactive)|
|Operating Status:||Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||PLEXECOM LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Trading Platforms:||WebTrader|
|Minimum Deposit:||250 EUR|
|Crypto Assets:||Yes (BTC, ETH, XRP)|
|Available Trading Assets:||Forex (FX), Commodities, Indices, Shares, Cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||US traders are not accepted|
Celox Regulation and Licensing – Is the Broker Legit?
Since Celox is a brand owned by PLEXECOM LLC from Saint Vincent and the Grenadines, we did have a bit of reservation towards the company from the very beginning. SVG does not have a financial regulator in the exact meaning of the word.
They do have an FSA organization that is registering financial institutions. Yet, this body gives clear instructions – all of the trading companies should opt for regulation in the country of service.
Questions to Celox License & Regulation – Reputation Problems
According to the FSA directive, we’ve looked for Celox regulation with Tier1 regulators such as FCA, ASIC, and BaFin. Since we found nothing, we conclude that Celox Live forex brokerage is yet another fraudulent entity established with the utmost goal of scamming clients and stealing their funds.
Celox Reviews – Forex Trading Scam
Checking Celox Live reviews on prominent websites such as Trustpilot, we’ve determined that this trading company has a horrible reputation among traders. All of the clients who invested any money with Celox ended up unable to withdraw their profit or even their initial deposit. Also, the broker requests clients to send money via crypto, so the transaction cannot be reversed.
This company is a scam, unregulated broker run through the grenadines or just a complete scam with a fake website. I have been trying to make a withdrawal for several months with no luck.
At first they let you make small withdrawals to make you think everything is good but as soon as they think you are onto the scam they will totally blank you and there is no way to get your money back.
AVOID these guys and especially do not send them money in crypto as you have no paper trail.Trader who was scammed by Celox
Celox Platform Review – Available Trading Software
Since we’re speaking about unregulated offshore brokerage, the Celox trading platform is precisely what we expected it to be – a web trader. The company developed a proprietary web trader that can be downloaded to a desktop or a mobile phone. However, it’s not better than any regular trading chart with a few indicators attached.
Moreover, this brokerage offers unregulated leverage of up to 1:300, which affirmed our theory we’re dealing with an illegal company.
- Before we move forward, we encourage you to read our recently updated InstaForex and AlpsMarkets broker reviews.
Celox Trading Instruments – What Can I Trade?
According to the broker’s claims, there are over 400 trading assets available. Since there is no Demo account and the assets are not explicitly listed, we were able to find the following:
- 50+ currency pairs including majors and minors
- Shares of the biggest world companies such as Tesla, Facebook, and Amazon
- Indices, including NASDAQ, S&P500, DAX, and more
- Commodities such as gold, oil, and natural gas
The offer is solid, yet it’s irrelevant since we’re dealing with a bogus broker.
Celox Scam – Don’t Put Any Money Into This Broker
After everything you’ve had a chance to read, you’ve certainly understood why not invest your funds with Celox Live brokerage. If, however, you did such a thing, there is a way to recover your funds.
Contact our support team and let us know what happened so we can start the procedure.
Celox Withdrawal Issues – Unable to Withdraw Funds
If you’ve already deposited with Celox and find yourself unable to withdraw funds, know that you’re not the only victim of the Celox trading scam.
As you can see, many clients complained about the same issue. Let’s find a way to get your money back alternatively.
In addition to this, Marketbull broker has the same withdrawal issues.
Scammed by Celox broker? – Talk to Our Experts!
Contact our support team via online chat and let us know your story. After careful examination of your case during a free consultation, our experts will help you file a dispute and request your money back in front of all the relevant parties, including banks and authorities.
Don’t let scam brokers go away for free, fight back and get your funds!
What is Celox, and Should I Invest Money in it?
Celox is an offshore trading brokerage without regulation. You shouldn’t invest your money with such.
Is Celox regulated and licensed?
No, firm does not have any sort of financial license. Therefore it’s not a safe brokerage.
Is it Safe to Invest With a Celox Broker?
Since Celox broker has no regulations, it cannot be considered safe and trustworthy.