What Trevorex Claims to Offer?
Trevorex asserts to offer cloud mining and trading services with a current focus on Bitcoin only. They use the term “lifetime” are provide mining contracts, which are said to continue indefinitely while the market lasts. With 400,000 users worldwide, Trevorex is attempting to establish itself as a trusted and growing platform in cryptocurrency.
Regulatory Gaps and Lack of Transparency
Even though Trevorex makes bold claims, they do not provide any legitimate regulatory information. There is no office address, and the company is not located within any reasonable regulatory database. This is certainly a warning for investors.
Action by CONSOB
The Italian financial services regulator, CONSOB blacklisted the Trevorex website for illegal financial services. This shows there are serious violations with this company, along with a clear risk to users.
FCA Status and UK Presence
Trevorex does show a phone number with a +44 country code, and that suggests there are operations in the United Kingdom; however, it is not registered with the United Kingdom’s Financial Conduct Authority (FCA).
It would be unlawful for a company to offer financial services in the UK with no FCA regulation, which should raise red flags to investors regarding the potential loss of funds.
Think you’ve been misled by Trevorex?
Visit LegalCertifi.com for contact information and perhaps the chance to trace your funds securely.
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