Report a scam Find my broker
Brokers  /  ByCryptoDex

ByCryptoDex

Moderate riskCrypto exchange
🇬🇧 United Kingdom · 2-5 years · since 2023-09-04 · ByCryptoDex
This is a crypto exchange, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
48/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.4/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from ByCryptoDex? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that ByCryptoDex actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
48
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7210%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameByCryptoDex
Headquarters🇬🇧 United Kingdom
Founded2023-09-04
Years operating2-5 years
Employees0
Official websitebycryptodex.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

ByCryptoDex is an unregulated cryptocurrency investment platform offering high ROI on deposits, a common red flag for potential scams. The lack of independent reviews and regulatory oversight increases risk. Traders should exercise extreme caution and consider alternative, regulated platforms for crypto investing.

Best for
  • Crypto passive income seekers
  • Users comfortable with unregulated platforms
Not for
  • Forex or CFD traders
  • Regulation-sensitive investors
  • Those seeking insured deposits
Period:

Real user reviews

Similar brokers

eToro
United Kingdom · TP 4.1
Low risk ⇄ Compare with ByCryptoDex
Lloyds Bank
United Kingdom · TP 4.1
Low risk ⇄ Compare with ByCryptoDex
XTB
United Kingdom · TP 3.6
Low risk ⇄ Compare with ByCryptoDex
TRADE NATION
United Kingdom · TP 4.4
Low risk ⇄ Compare with ByCryptoDex
What ByCryptoDex says about itself as stated by the broker · not independently verified by FXCanary

Overview

ByCryptoDex presents itself as a platform where users can earn up to 5% ROI on their cryptocurrency investments. According to its website, the platform offers high returns on most popular cryptocurrencies, allowing users to deposit and start earning interest immediately. The claimed highest APY achieved to date is 5%, though the site notes that this is not guaranteed.

How It Works

The broker outlines a three-step process for earning: first, open a free account, which it says takes less than 40 seconds. Second, deposit funds and select the amount to stake, then click "Invest now." Third, users can sit back and enjoy passive income, with the ability to add or withdraw funds at any time.

Registration

The registration page requests personal information including full name, email, phone number, gender, and country. The country dropdown includes many nations, with the United States and United Kingdom listed first. The page states "Fulfilment and Freedom starts here 🚀" and "Make earning easy and fun!"

About ByCryptoDex

About ByCryptoDex

ByCryptoDex is a cryptocurrency investment platform registered in the United Kingdom, founded on 4 September 2023. Its official domain is bycryptodex.com. The platform is not regulated by any financial authority, which is a notable risk factor for potential users. It maintains a presence on Facebook, but independent user reviews are currently absent from major industry databases.

Products and Services

The core offering of ByCryptoDex is a staking or investment program where users deposit cryptocurrencies and earn interest, with the platform advertising returns of up to 5% ROI. The website emphasises passive income and the ability to withdraw funds at any time. It does not offer leveraged trading, CFDs, or traditional forex products.

Registration and Account

Opening an account is described as a quick process under 40 seconds via the registration page. Required details include full name, email, phone number, gender, and country of residence. The platform appears to target international users, offering a broad list of countries in its sign-up form.

Target Audience

ByCryptoDex is aimed at individuals seeking to earn passive income on their cryptocurrency holdings. The simple three-step process suggests it is designed for beginners or those looking for a hands-off approach to earning interest on digital assets. Given the unregulated status, it may attract risk-tolerant users.

Risks and Considerations

The absence of regulatory oversight means that investor protection mechanisms, such as compensation schemes or dispute resolution, are not in place. The promised returns of up to 5% ROI are above typical market rates, which warrants caution. Without independent reviews or a track record, the platform's reliability remains unverified.

Overview compiled by FXCanary from regulatory records and public data. full ByCryptoDex review