CBX Capital Review: Can This Broker Be Trusted With Your Investments?
Scam brokers are becoming more and more common and it can be challenging to distinguish them. That is why we wrote this CBX Capital review, so you can learn how to recognize scam brokers and avoid them.
Just by first glance at their website, we realize they don’t fall under any regulations. Unregulated brokers pose a constant risk to both you and your funds so it is important to choose regulated and reliable brokers to have a safe trading experience.
We will cover the broker from head to toe so you can easily make a decision and stay knowledgeable. Don’t forget to read our Kurmay Global review to learn about a scam broker that is not worth your investments. Without further ado, let’s delve into this CBX Capital review.
Who Is CBX Capital? All About cbxcapital2 com
CBX Capital is a brokerage company registered at 344-354 Gray’s Inn Road, London, WC1X 8BP. The broker offers 2 domains, one for traders globally and one for traders in the EU. The broker is operating unregulated, which raises our first red flag. According to the domain age, it is not older than 6 months, meaning the broker was established in 2023, making them very new in the market.
|CBX Capital||Reliable Broker Must Have|
|Legal name||CBX Capital||Transparently displayed in the disclaimer or legal documents|
|Regulation||Unregulated||Within your legal jurisdiction – local regulator|
|Registered in||344-354 Gray’s Inn Road, London, WC1X 8BP||Your country or the country whose license applies in your legal jurisdiction|
|Established||2023||The older the domain – the higher the possibility the company is trustworthy|
|Website||cbxcapital2.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings||No official warnings||None|
|Phone, email, social media, web form|
|If a withdrawal is possible||Highly unlikely||Yes|
|Fees||Transparent fees – list of spread and commissions|
|If Active on Social Media||No||Often present on social media|
|Investor Protection||None||Compensation fund|
Is CBX Capital Regulated?
CBXCapital is not regulated by any financial authority, leaving your funds at risk if you trade with them. Choosing regulated brokers is very important as we mentioned previously, so just by being unregulated, CBXCapital is unsafe and should be avoided.
Even if the broker complies with other factors such as transparency, reviews, and others, the fact that they are operating without regulation is a risk that you shouldn’t be willing to take. It’s also important to note that the broker is mostly operating from Switzerland, Austria, Germany, and the United Kingdom.
The FCA in the UK, BaFin in Germany, and FINMA in Switzerland are among the financial regulators that CBXCapital should be subject to operate from some of these countries, but the broker is doing so without any type of license, which raises additional red flags.
CBX Capital Broker Profile: Head to Toe
At CBXCapital, you can trade forex, stocks, spot metals, cryptocurrencies, indices, commodities, and energies on their web-based trading platform. There are multiple articles regarding the broker and how their traders receive huge profits, but all of that is just to scam people into trading with them. The articles are fake just as much as the broker is.
There is no mention of leverage or spreads, let alone any other fees the broker might impose when you request a withdrawal. Transparency is not one of the broker’s strongest suits and this CBX Capital review is here to uncover all lies and shed light on the truth.
|Trading Platform||The CBX Capital Trading Platform – Web-based|
|Account Types||Bronze, Silver, Gold, Premium, Platinum, VIP, VIP+|
|Financial Instruments On Offer||
|Education or Extra tools||None for free|
CBX Capital Account Types
There are several account types on offer including Bronze, Silver, Gold, Premium, Platinum, VIP, and VIP+, and not one of them offers something beneficial. Things like a personal account manager, trading platform introduction, risk management guidance, education sessions, and other educational materials are available only after you deposit an unknown amount.
Reliable brokers offer competitive spreads, different leverage, and other beneficial things as you level up your account, but CBX Capital offers nothing of that sort. To make it even worse, the information regarding spreads and leverage is hidden.
The broker claims that after you deposit, all important information will be disclosed via email, however, reliable brokers should have that information transparently shown on their website so you can decide before depositing real money.
Can You Trust CBX Capital?
The broker is full of secrets and is using dirty tricks to scam people. Things like fake reviews and articles are common for this broker, as our research confirmed. The broker is operating without a license and the fact that they are not transparent regarding fees raises serious questions.
Overall, if we consider all important factors such as regulation, transparency, reviews, and others, it is evident that the broker is a lie and shouldn’t be trusted. Don’t waste your time on brokers like CBXCapital or MorganFinance. Take a moment, give us a call, and make the first step towards a profitable and less risky trading journey.
Traders’ Thoughts and Opinions
Their Trustpilot ratings would make you believe they are a reliable brokerage company, however, the truth is much worse. There is nothing reliable about this broker and after checking their 330 reviews and an overall score of 4.8, we focused on the unfavorable reviews and opinions.
There are only 4% of negative reviews for the broker and all of them are surprised with the broker’s high score. The focus is on fake profits and withdrawal problems so traders are warned to proceed with caution.
One review caught our attention, saying:
“I was promised a 50000 EURO payout but first I have to pay the commission of 10000 euros. Instead of a payout, I was asked to open a new account with a deposit of 25000 EURO. As a result, my accounts were blocked with a notice of manipulated transactions. Conclusion I’m sitting on a total of 12,000 euros in debt. No payment.“
Regarding your question about the positive reviews of CBX Capital: this is also part of the scam and therefore all fake. There are even fake newspaper articles about such trading platforms. Overall, the only recommendation we could give is to avoid this broker completely.
How and Where Is the Scam Carried Out?
It is evident that the broker is representing himself as a reliable choice but unfortunately, the truth is far from that. They attract traders with their fake positive reviews by calling them and promising huge profits when in reality that is an invitation to lose your money.
Victims that are mostly affected by the scam are from the nations below:
- United Kingdom
Deposits and Withdrawal Methods
The only way to deposit money is to call the broker’s customer support and wait on the line while they fund your account. Not only that it is risky providing your card details over the phone but the lack of transparency they have even regarding payment methods is very concerning.
If you want a withdrawal, you have to request it over the platform and wait for 48 hours so it can get processed. After they accept your withdrawal request, The CBX Capital finance team will verify that you have transferred the 21% commissions and then transfer your money.
CBX Capital Pros and Cons
Considering the number of red flags that emerged during this CBX Capital review and the dirty tricks the broker is using to scam traders, it is evident that the company shouldn’t be trusted. The broker doesn’t offer a demo account so traders are forced to trade with them blindly. Additionally, there is no information regarding leverage or spreads, so you can’t decide whether or not their trading conditions will suit you or not.
Furthermore, their fake reviews and articles about them present a fake picture and make traders believe that CBXCapital is a reliable option when they are not. All things considered, you should avoid this broker and give your time to reliable options that will make your trading experience much better.
Do not hesitate to get in touch with us if you have previously fallen victim to fraud by this broker or any other. We can return your money so you can use it to make investments in more dependable options that we can suggest. For a free consultation or simple trade assistance, get in touch right away.
What Is CBX Capital?
CBX Capital is a brokerage company trading in forex, indices, commodities, spot metals, energies, and stocks, claiming to be located in London, UK.
Is CBX Capital Legit Or Scam?
While their positive reviews might suggest that they are a legit company, further research uncovered the real truth about the broker. CBX Capital is nothing but another scam you should look out for.
What Is The Aim Of CBX Capital For Its Users?
CBX Capital aims to assist its users in achieving financial stability by providing a user-friendly trading platform and exceptional services. However, the real truth is much worse. The only thing this broker wants is to take your money.
What Assets Can Users Trade On CBX Capital’s Platform?
There are 300+ assets available including forex, cryptocurrencies, indices, commodities, metals, energies, and stocks.