Ciraxes: customer reviews about the company’s work in 2024
Scammers’ tricks: an overview of Ciraxes fraudsters
To lure novice traders into financial scams online, fraudsters often resort to the method of inflating ratings. They fill their website with positive reviews and testimonials or pay for publications on other web resources. Many inexperienced investors, unaware of the trick, may fall victim to scammers. And only later will they realize that they could lose their savings. Today, we will take a look at one such fraudster – Ciraxes. We will figure out how to recognize that these are dishonest “masters of the kitchen.”
Insider information about Ciraxes
Ciraxes does not provide information about its experience in the financial markets and does not share information about their successes. However, according to their legend, the project is run by 415 professionals with international experience in finance and internet technologies. They promise cooperation with both professional traders and beginners. For the latter, they offer free training and services of a personal consultant to help them conduct profitable trading. Nevertheless, is it worth trusting this company? We have our doubts.
Of all the contact information provided on the platform, only the email address turned out to be real. The phone number and office address are fake. The company is not focused on building a constructive dialogue and does not want to help users solve their problems.
Another sign of a dishonest company is the lack of information about the project’s leaders. In case of force majeure situations, who will be financially responsible? Look through the internal documents on the Ciraxes platform, and you will see: no one intends to compensate for the damage.
Regarding the actual work experience of this intermediary, a whois check showed that ciraxes.com has been active since 2018. However, there is a catch. In the internet archive data, it is preserved that this domain previously belonged to an IT company. Financial scammers acquired the old domain to deceive newcomers.
Legal base verification
On the platform of the brokerage organization, there are no scanned copies of legal documents confirming the legality of Ciraxes’ operations. However, in the User Agreement, we discovered information that the intermediary operates in accordance with the laws of Saint Vincent and the Grenadines.
Saint Vincent and the Grenadines are offshore havens where fraudulent companies are often registered. They can obtain a registration certificate for pennies. However, in this case, Ciraxes is not related to the beneficiaries of Saint Vincent and the Grenadines. As for regulation, licenses are not issued to brokers and investment companies in this island state.
In the UK, where, according to the company’s claims, they have an office, Ciraxes operates illegally. An organization with such a name is not listed in the FCA’s roster of licensed legal entities.
By registering with an illegal intermediary platform, you are exposing yourself to bottomless losses and a debt pit. Judging by reviews on specialized forums, it is practically impossible to recover stolen funds.
Unique aspects of the commercial offer
On the Ciraxes platform, a wide range of assets are presented – currency pairs, indices, stocks, cryptocurrencies (over 150 instruments). The organization does not provide the opportunity to practice risk-free; after registration, you will have to invest your own funds. Specifics of the commercial offer:
- minimum deposit from $1,000 to $20,000,
- 24/7 support,
- account manager services,
- some tariffs also include insurance, collective deals, and assistance in developing an individual business plan.
Ordered reviews and testimonials claim that an advanced UTIP terminal is used as trading software. In reality, this software has a bad reputation. Scammers use it to siphon off others’ funds into their pocket.
On user reactions
Since Ciraxes has not been in operation for long, the first reviews of the fraudulent company are just beginning to appear. Former clients complain that they lost money by entrusting it to a suspicious firm. It fails to fulfill its obligations and only strives for financial fraud.
Share your experience with Ciraxes and leave a review. Reliable information plays an important role in forming an objective public opinion.
Scammers’ strategies
Scammers at Ciraxes did not invent special fraud schemes. They have set a high entry threshold so that users cannot leave without damage under any circumstances. The minimum damage here amounts to $1,000.
After registration, beginners are advised to undergo training, use the guidance of a personal manager, and install remote access software (AnyDesk or equivalent). Once the user performs these actions, they will immediately release their funds, and access to the personal account will be closed. Further contact with company employees will be futile. Scammers will stop responding.
Conclusions of a comprehensive review
We have no doubts that Ciraxes is a “black” broker. The company has no legal basis to provide services. In their activities, they use manipulated software. Additionally, they confuse users by giving them fake advice. The opportunity to make money with Ciraxes does not exist by default.