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maseko
Within 1 year

Is it possible to deposit funds into my CDX account with cryptocurrencies such as Bitcoin or USDT?

Broker Issues
CDX
Withdrawal
Deposit
08-25
United States
WikiFX
Reply

As an experienced forex trader, I prioritize safety and transparency above all else when selecting brokers. With CDX, my due diligence raised significant concerns that overshadow any consideration of deposit methods, including cryptocurrencies like Bitcoin or USDT. According to my findings, CDX is operating from Cambodia with a business history of 5-10 years. However, the most pressing issue is its lack of valid regulatory oversight—their license status is marked as suspicious and unregulated. This is a material red flag, as regulation helps protect client funds and enforce fair practices. The risk management index is nonexistent, and there is a strong warning indicating high potential risk. Given these points, I cannot find any trustworthy, verifiable details about their accepted deposit methods, including whether they support Bitcoin, USDT, or any cryptocurrencies. For me, even if such options were technically available, I would hesitate to fund an account via crypto or any other means in a setting lacking robust regulation and proper risk controls. In the FX industry, unregulated brokers can operate without accountability, making recovery of funds exceedingly difficult in case of disputes. Therefore, before considering any deposits—crypto or otherwise—I strongly advise extreme caution, thorough research, and a preference for well-regulated brokers. My own experience compels me to avoid platforms with CDX’s risk profile entirely.

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