Is Cryptonex a Safe or Scam? (Reviewed in June, 2025)

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

What is known about Cryptonex at the moment?

Cryptonex is a cryptocurrency platform with its own coin, CNX. In addition to standard transactions with cryptocurrency assets, users can profit from the increase in the price of the CNX token and through staking with a yield of approximately 12% per year. The platform also has its own multi-currency wallet that supports more than 12 different coins. The Cryptonex trading platform is not licensed by reputable financial regulators. Before starting cooperation, it is worth checking the reliability of the platform in independent sources and reading reviews from real clients.

Company name	Cryptonex
Foundation date	2017
Specialization	Cryptocurrency
Regulation	⠀
Contacts	support@cryptonex.org

TU Expert Advice: “I do not recommend Cryptonex”

I have been working in the financial services market for a long period of time and consider myself an expert in safe investing. I can note that Cryptonex demonstrates the following characteristics:

Cryptonex is not regulated by a Level 1 regulator.
Cryptonex is not regulated by a Level 2 regulator.
Cryptonex is not regulated by a Level 3 regulator.
The company is either registered offshore or its registration number cannot be confirmed through official online databases.
The information about the Cryptonex’s management is either absent or unreliable.

I recommend completely disregarding any mentions of such companies and refraining from doing business with them and its affiliate bodies. If you are already a client of such a company, immediately explore all options for getting your money back, up to filing a complaint with the financial oversight authorities and courts.

I recommend choosing only reliable and verified partners for trading on financial markets. You can use our 'Find my broker' tool for this purpose.

Which sources were utilized to evaluate the security of Cryptonex?

The following information was used for the analysis and assessment of Cryptonex reliability:

Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
Information from regulators' registries, including warnings, comments, and publications by regulators.
Data from analytical portals, including reviews, complaints, and claims filed by traders.

The latest database update: June 03, 2025.

Avoid Cryptonex as it is not regulated at all

It is worth noting that regulatory oversight alone is not a guarantee of the safety of your funds, as the regulatory body overseeing the broker plays a crucial role in this regard. The higher the level of the license, the higher the safety of money. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust):

USA	CFTC
Switzerland	FINMA
UK	FCA
Australia	ASIC
Ireland	CBI
Japan	JFSA
Singapore	MAS
New Zealand	FMA
Canada	IIROC
Hong Kong	SFC

Why do you need to trust these regulators?

They have strict requirements for license acquisition including a minimum capital of $125,000, a mandatory physical office, participation in a compensation fund, and compliance with financial discipline rules like KYC. Regulators also enforce stringent control over client account segregation, conduct annual audits of broker financial statements, and monitor operational transparency.

Cryptonex is not regulated by a Level 1 regulator.

Level 2 jurisdictions (medium level of trust):

Cyprus	CySEC
South Africa	FSCA
China	CBRC
India	SEBI
Israel	ISA
Thailand	SECT
United Arab Emirates	DFSA

Why are these jurisdictions less reliable?

Have lenient registration conditions, minimal oversight of account movements, and no requirement for full client verification. Periodic superficial checks on licensee activities are conducted.

Cryptonex is not regulated by a Level 2 regulator

Level 3 jurisdictions (low level of trust):

Belize	FSC
British Virgin Islands	FSC
Mauritius	FSC
Vanuatu	VFSC
The Bahamas	SCB
Bermuda	BMA
Cayman Islands	CIMA

Which factors make these regulators less safe?

Licenses issued by these regulators are primarily formalities aimed at attracting financial flows to their jurisdiction, resulting in minimal information disclosure and control requirements.

Cryptonex is not regulated by a Level 3 regulator.

Why do we have the expertise to assess the reliability of Cryptonex?

Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies. Every month, we publish important insights on this topic.

Top Facts to Know About Frauds and Scams (June, 2025)

Every third trader and investor receives offers from fraudsters at least once a year.

The most common types of scams include pyramid schemes, guaranteed fixed income, phishing websites, and purchasing useless advisors and signals.

Over 70% of projects halted by regulators were disguised as brokers or investment platforms.

60% of scam messages are sent via Telegram, 57% via WhatsApp, and 55% via Meta (Facebook).

About 73% of traders who lose money to scammers don’t report it to authorities, as they don’t believe they can recover their funds.

Conclusion Be cautious and avoid participating in new projects without thorough analysis. If someone guarantees profits, there is a high probability it’s a scam. When you receive a profitable offer, question what the profit is and who is making the offer. If you see interesting paid tools, take your time to research free alternatives. Before opening an account with a broker, check its license, read reviews, and test withdrawals with small amounts.

This tool will help you choose a legal broker in your country

We have reviewed over 3,800+ different financial companies operating worldwide to provide you with reliable and up-to-date information on licensed brokers.

Advantages of working with licensed brokers:

Legal Protection: Protects your investments.

Reliability: Ensures honesty and transparency.

Risk Minimization: Reduces fraud risk.

Financial Stability: Verified brokers.

Choose your country of residence

Choose the type of the trading company

Find the best broker for me

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

1 To 1 Trading 10 Markets.com 121 Trading 123 Trade 13576691074Atobo.com 1875 Finance Invest 1Global Venture Group 1Plus1 Loans UK Ltd 21stFXOptionscom

Be careful and cooperate with the trusted brokerage companies only.

Should you identify any inaccuracies on this page or possess additional information about this broker, we kindly request you to inform us.

Give feedback about this article

Team that worked on the article

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Top 5 companies for you