BrokersView
Search
Download
English
Sign In

Logic Crypto

Save

Operating status: SCAM

Website: https://logiccryptofx.net/

Broker violations and abnormal records
  • 2023-08-24 The France's AMF adds Logic Crypto to its warning list

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On August 23, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-08-24 BrokersView has reviewed that Logic Crypto is an unregulated broker

    Logic Crypto fails to disclose information concerning its regulatory status, which is a significant scam indicator. Lacking transparency raises a red flag.

    While Logic Crypto provides an address in the US, there is no official data from the National Futures Association (NFA) indicating that it is a member of NFA. Therefore, it is not subject to the NFA's oversight.

    Furthermore, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities.

    In essence, Logic Crypto is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Logic Crypto is unequivocally a scam.

    Logic Crypto fails to disclose information concerning its regulatory status, which is a significant scam indicator. Lacking transparency raises a red flag.While Logic Crypto provides an address in the US, there is no official data from the National Futures Association (NFA) indicating that it is a member of NFA. Therefore, it is not subject to the NFA's oversight.Furthermore, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Logic Crypto to warning list for it being an unauthorized company engaging in forex activities.In essence, Logic Crypto is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Logic Crypto is unequivocally a scam.

Related Complaints

Q&A

What should I do if I want to know Logic Crypto's licenses?

Elena Iapona
Italy
2023-09-26
ANSWER To check if a forex broker is licensed, you can either search the databases of the relevant financial regulators or visit our BrokersView website, where we constantly update such information on brokers. Regarding your inquiry, our research shows that Logic Crypto is a scam.The platform does not reveal any details about its regulatory status, which is a major sign of a scam. This lack of transparency is very suspicious.Logic Crypto claims to have an address in the US, but it is not registered with the National Futures Association (NFA), which oversees forex brokers in the US. This means that it is not subject to the NFA’s rules and regulations.Moreover, the Financial Authority (Autorité des Marchés Financiers, AMF) has blacklisted Logic Crypto for operating forex activities without authorization. The full blacklist can be accessed here.In summary, Logic Crypto is an unregulated broker that does not comply with any legal standards. Investing with this broker is extremely risky, as there are no guarantees for the safety of your funds. To mitigate such risks, it is advisable to stay away from unlicensed brokers and instead choose a fully regulated one.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.