CBTREX Review – Trusting Them Is Going to Cost You

Let’s address the elephant in the room – CBTREX is not a legitimate brokerage firm with no license to operate in the markets. Bold statement, but we can back it up with ample evidence.

Therefore, read our full CBTREX review to learn why this platform is just as fraudulent as WallStreetFx and why you should avoid using it. We also offer professional services to all who’ve fallen victim to this fraud.

Broker status:	Unlicensed Forex Provider
Regulated by:	Unregulated
Operating Status:	Active Forex Trading Scam
Known Websites:	cbtrex.com
Blacklisted as a Scam by:	N/A
Owner:	N/A
Headquarters Country:	UK (allegedly)
Website Active Since:	2024-01-03
Online Trading Platforms:	Web
Mobile Trading:	Unavailable
Minimum Deposit:	250 USD
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes
Available Trading Instruments:	Forex, Indices, Stocks, Commodities, Cryptocurrencies
Maximum Leverage:	1:500
Islamic Account:	Unavailable
Free Demo Account:	Unavailable
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Stay Away from this Scam

Is CBTREX Regulated?

Is CBTREX legit in terms of possessing a license? Absolutely not. This scheme purports to be based in the United Kingdom. However, there is no evidence to prove such a firm actually exists. The UK’s Financial Conduct Authority (FCA) has no records of the business.

The bogus website also links to a suspicious European Financial Security regulator, but it’s broken. Nevertheless, such a regulatory authority does not exist, so it’s just a ruse to confuse potential victims. The real watchdog in Europe is ESMA.

The conclusion is that CBTREX is an unregulated platform, i.e., risky! For a safe trading experience, we recommend you opt for a transparent company that is appropriately regulated by more reputable financial authorities such as the FCA (UK), BaFin (Germany), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Why Financial Market Regulations Matter

Brokerage firms that apply for a regulatory license under esteemed financial jurisdictions such as the EEA must maintain a significant operating capital of at least 730,000 EUR.

Furthermore, they must provide users with negative balance protection, a segregated account in a top-tier bank, a safe leverage cap (1:30), and a compensation scheme contract worth up to 20,000 EUR.

Trader Reviews – Sharing Experiences

We found 38 CBTREX reviews on trustpilot.com. The phony broker received an average score of 3.2/5. Many comments shed light on how the scheme works.

“I made this big mistake of putting money into it, but I haven’t seen a dime back, not even my original investment. I sent them loads of cash for supposed taxes and fees, but after that, they just disappeared,”

– a Trustpilot user wrote, indicating CBTREX withdrawal issues and illegal fees.

You should always check online forums to determine which providers are honest and which are deceitful. Before you invest, look for genuine reviews. This way, you can see what others have experienced and spot any red flags. Always check regulatory warning lists for fresh scams.

Who Are CBTREX’s Targets?

According to WHOIS, the cbtrex.com website domain was created on January 3, 2024. Since then, the financial swindlers behind the platform have mainly been providing illicit services to traders and investors from the following countries:

• United Kingdom
• Germany
• Poland
• Czech Republic
• Ukraine

As we mentioned, the platform is not authorized to provide services under the FCA in the UK. Without ESMA registration, the CBTREX Forex sham cannot offer services across the EEA, encompassing all three countries from the list.

CBTREX is unlicensed and represents a cyber trap. This provider and Lova Crypto are birds of a feather, so stay away from them.

Which Trading Platform Is Available?

Per the website, the CBTREX platform is a browser-based interface with fundamental features such as graphs, indicators, and charts. It offers classic instruments such as currency pairs, stocks, and commodities. However, it does not support advanced features such as automated trading or live market reports.

We attempted to access it, but the CBTREX login page denied us. Since the broker doesn’t offer a demo account, the platform was out of reach. Nonetheless, our verdict remains: do not use the terminal, as it may be rigged!

Instead, find reliable brokers that support renowned third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

CBTREX account types

Account Type	Standard	Silver	Gold	VIP	Pro
Minimum Deposit	250 USD	10,000 USD	50,000 USD	100,000 USD	500,000 USD
Maximum Leverage	1:500	1:500	1:500	1:500	1:500

Trading Conditions – Leverage, Spreads, Commissions

The maximum leverage caps at 1:500, which is incredibly high. Trading with so much leverage is extremely risky; while you may reap huge profits, you have even greater chances of losing everything. Hence, regulators imposed a 1:30 (Europe, UK) to 1:50 (North America) limit for retail clients.

The website claims the spread for Forex trading is 0.2 pips. That’s pretty competitive and profitable, but we highly doubt it’s true.

CBTREX does not include a risk-free demo account, which is a red flag. Without it, you cannot practice with virtual funds and ensure the platform is safe. It’s a cunning trap to capture unwary users’ funds.

Deposit and Withdrawal Process

The website lists several payment methods for depositing and withdrawing funds:

• Credit/debit cards
• Bank transfers
• Crypto

If you’ve sent these fraudsters money and they won’t let you withdraw it, it’s time to look into alternative refund methods. Depending on how you made the deposit, you might need to request a chargeback or recall at your bank. We’re here to help you with each step.

If you used a MasterCard or Visa credit/debit card to deposit funds, you can ask your bank for a chargeback within 120 days. For wire transfers, you need to move fast and contact your bank to recall the transaction before it’s completed. E-wallet refunds require contacting the issuing company and laying out your case.

Recovering cryptocurrency is challenging and requires specialized software and expert help. Fusion Forensics Limited, an advanced program that MasterCard uses to help victims of cyber fraud recover their assets, can help.

What Should I Do If I Have Issues With CBTREX?

CBTREX is a malicious website offering illegal Forex/CFD trading services. The main targets of this scheme are users from the UK, Germany, Poland, Czechia, and Ukraine.

We do not recommend paying for these services because the firm is unregulated. Our analysis stressed the importance of regulations and the benefits of trading on platforms supervised by recognized financial market watchdogs.

If you have issues with the CBTREX scam, please book a free consultation with Fusion Forensics Limited. Our team of experts can assist you in the fund recovery process and get your money back as soon as possible.

Book your free consultation today and get your money back.