Read our Incryptofx review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an incryptofx.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Incryptofx is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Incryptofx in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Incryptofx Review Conclusions
Making the Incryptofx review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Incryptofx review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
This company is definitely a scam, I deposited a small amount of $250 and they generated me profit’s of over $60 in a few minutes, this hooked me and i deposited a larges amount of $8600. I was given signals and generated my account to over $11000, then i hit a personal issue and needed the funds to get bailiffs of my back due to my sons debt, this is where i hit a snag, i could not withdraw my funds, Frank Lewis and Dave (if thats teir real names) stopped communicating with me, would not answer whatsup message and phone calls. I still cant get my funds from these people. They kept trying to get me to deposit more funds and said that they are money laundering experts and would be able to help me generate loads of profits an i would not have to pay tax on the earnings. They are despicable thieving swines. MB
Frank Lewis and Marco Matuidi were my my conatcts. Clearly 2 of the Thieving Immoral people running this scam.
Everything said by Mark Barnes is accurate .
The sequence was a call from a front man – if you bite , they immediately try to get you to invest more money – and they recomend Jubiter to put the money into to exchange for Bitcoin.
Jubiter – whether in connivance – or not- then accept ( from Incrypto FX – Legal ??) a transfer to another bit coin wallet – which you get the numbers of, but no location. These ones , One assumes are owned by IncryptoFX. While continuing to ask for more money from you , You are then given a false trading screen to play with, to show how they ( and you) can make money – it’s not actually linked. They are always trying to get you to send more money to “trade more effectively”- move up to a Gold account . They even double your funds so you can achieve this . When you don’t provuide more funds , they suddenly drop you, stop trading and go silent and become hard to get hold of . Never give any phone numbers and always days late answering emails and break all the telphoine dates they make with you to keep you “on the hook”. I tested the system by making a withdrawl. They said I couldn’t get the amount I wanted as I hadn’t “traded enough”. In the end I got a reduced withdrawal amount and the money was sent to Binance. This was simply part of the con, to show withdrawal was possible . I since learned that all they do to keep you suckered in is send the small amount ( In this case £500) to Binance and it can then be withdrawn. You have no idea where your own funds are as they have been taken from the Jubiter wallet and transferred to their own wallets. Once you order the account to be closed they take down your trading account and then go completely silent
Since asking to close the account -, total silence and unreachable . I will pursue them wherever and by what means I can. I will spread the word of their Scam as widely as I can with all the available authorities and broker lists ( who will probably shrug their shoulders) and try and spoil there game as far as I am able. I have little doubt they just fold the company and re appear as,something else . I wish I had the sense to get a review properly. hat annoys me is that they got a reasonable rating from Trust Pilot – although Trust Pilot had done little except check they exisited. Don’t trust any Trust Pilot Reviews either.
i too hope,theyu rot in hell.
SCAM SCAM SCAM SCAM THEY SHUT THE WEBSITE DOWN. ITS ALL BULLSHIT.
dont trust deez hoez!!! WITH YO MONEY !!!