MyBlockX Review

Is MyBlockX a scam or a legit broker? Read MyBlockX Review

About MyBlockX

 Website – https://www.myblockx.com/

 Address – NA

 Warned By – Ontario Securities Commission (Canada)

Domain Age Information of MyBlockX

MyBlockX is a crypto scam that has been around since 2018 targeting users of web-based cryptocurrency storage services. Victims are led to believe they will receive a large return on their investments by providing their personal and financial information, however, in reality, MyBlockX is just a front for fraudsters who steal the victims’ money and personal information. The company has received numerous complaints from law enforcement agencies around the world for operating as an illegal investment scheme as well as engaging in fraudulent activities such as money laundering and identity theft. Victims have reported huge losses due to MyBlockX’s fraudulent practices, so be aware of this scam and stay away from it at all costs.

The main reason why MyBlockX is a possible scam broker is that the broker has got many Complaints and negative MyBlockX reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Despite MyBlockX attempts to look legit and trustworthy, we can’t disregard the alerts that MyBlockX giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.

Possible scam activities of MyBlockX

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this MyBlockX review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative MyBlockX Reviews and Complaints

MyBlockX has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative MyBlockX Review

After Searching internet you will find many negative MyBlockX Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and MyBlockX reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.