1000x

The official website of this company is a one-page platform that claims to be innovative and informative. However, in reality, we get another dummy, which is stuffed with useless data about the numerous advantages of cooperation with this financial company.

First of all, scammers try to pull the wool over the eyes of inexperienced traders in order to attract them with favorable conditions and large amounts of profit. In practice, this is one of the scams that uses an online platform to deceive inexperienced traders who want to make money by trading cryptocurrency and other liquid assets.

The page states that in order to cooperate with the broker, you will need to register your account. Verification is also provided personal account 1000x, however, it does not take much time, since it is not profitable for scammers to delay this procedure. The company provides a universal account with the following characteristics:

• minimum deposit from 10 dollars;
• maximum leverage up to 1:1000;
• A mobile application is available for continuous monitoring of the platform;
• technical analysis of trade transactions is provided;
• no commissions for placing orders.

At the same time, the company does not provide a demo account, operating with a low entry threshold for any trader. An affiliate program is also provided, but in its structure it is more like a regular financial pyramid to attract more clients.

Security of trading with a broker

The official page of the platform states that the broker is registered in Hong Kong and has a license from the local regulator SFC. However, our experts found out that in the commission’s registers there is no mention of pseudo-brokers 1000x. Obviously, this is another illegal SCAM that has no legal rights to provide its services.

We also noted the privacy policy that this office offers. According to the document, your data can be easily transferred to other scammers. This puts you at even greater risk from scammers.