Crisscross.world withdrawal issue https://crisscross.world

By Anonymous, from Hong Kong, June 24, 2021 at 05:18 AM

I met a girl through Facebook. She used her account transaction records to lure me to invest. A man called me and asked me to invest US$2,000. Then the man asked me to invest US$30,000 based on the market. I asked him for one. The refund was given to me on weekdays. When I asked for a refund, they went through the refund procedure for me, and then said that because they have a cooperative relationship with HSBC, and there is a financial risk in Southeast Asia, they asked me to submit a 20% deposit, they blocked me in the communication software.

  • Crisscross.world Withdrawal Issue
  • Crisscross.world Withdrawal Issue
Answer: Hi Anonymous,

Crisscross broker is owned and operated by the Crisscross Investment Holdings Limited and claims to be located in Belize. What we know about Belize is that it’s a gorgeous tourist destination, while also is a tax haven with a zero tax structure that established its own regulation for financial investment and Forex firms licensing due to high demand and necessity of regulation. Ever since Belize became a known offshore zone and Forex hub, the destination attracted thousands of brokerages seeking an opportunity to be a legitimate firm, yet to skip complicated and costly established procedures. We have a detailed article explaining the risk of trading with brokers from Belize.

In any case, we never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

We would recommend to stop investing more with this company and withdraw at least your initial deposit. You can also report about this issue to your local regulator.

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