Silegx Review: Is Silegx a Scam?
Silegx is an alleged online cryptocurrency trading platform, asserting that it would provide its clients with secure and continuous trading services. This company seems to operate on several domains such as silegxfg.com, silegx.com, and silegxbc.com. Serious questions have arisen concerning the legitimacy of this platform, leaving many traders with doubtful thoughts if this is a real trading platform or simply a scam. This Silegx review will focus on the following aspects of Silegx: policies on withdrawal, registration status, and customers’ complaints.
Regulatory Concerns and Warnings
Silegx’s lack of regulation is a major red flag. In Malaysia, the Securities Commission has warned them not to operate a DAX without registration. Silegx exchange is supposed to be regulated by law that protects investors’ funds, but it is not fit, placing its traders at a very high-risk level.
Withdrawal Issues and Customer Complaints
To make matters worse, several users have found it quite challenging for them to process their Silegx withdrawal. As stated in reviews on Trustpilot, traders have had their money locked while the platform inspects deposits to be made before withdrawals can be cleared. One reviewer claimed that Silegx had requested 10% of their total storage, equal to about $25,000 to release funds. This is an age-old trick to smooth-talk gullible investors.
Fake Licenses and Questionable Claims
The major red flag surrounding Silegx.com is the apparent absence of verifiable regulatory licenses or transparency. While the site claims to act as a digital asset exchange, no documents exist in the public domain that could affirm any registrations or licenses with any recognized financial authority. Neither could we find any facts substantiating any association with recognized investment firms or financial institutions.
Lack of Company Information
A real cryptocurrency exchange shall offer a company profile with a legally recognized working address, and contact information, as well as the appropriate regulatory oversight. Instead, the Silegx platform provides no company details verifiable. Instead, it has no physical address, telephone number, or any valid email contact. This renders the traders helpless in seeking support or judging the company.
Silegx App and Login Issues
Login Problems and Account Lockouts
Traders have complained about being locked out of their accounts, especially after depositing funds, raising concerns about the platform’s reliability.
Concerns Over Restricted Withdrawals
The recurring technical issues appear to be a deliberate tactic to prevent users from withdrawing their investments.
Conclusion: Should You Trust Silegx Crypto Exchange?
According to this Silegx Review findings, there are numerous red flags surrounding Silegx. With the platform having no regulatory approval, a very low trust score, and countless complaints from users, it appears to be a fraudulent exchange. Traders are strongly advised against trading on Silegx and instead should look for trustworthy and well-regulated crypto exchanges.
Seeking Financial Recovery Assistance
Did Silegx.com scam you? File a complaint and get professional help to begin the recovery process. Proupshot can increase your chances of recovery as it assists in recovering money lost in cryptocurrency scams, Forex scams, and broker disputes.
Learn more about scam brokers. Read more scam broker reviews here.
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