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DiamondProFX is a straightforward scam that we cannot fathom how it has survived in the industry this long. The venture claims it offers a secure crypto investment opportunity to traders across the globe; however, if you encounter adverts promoting this as a legit venture run! For the sake of your safety.

The entity is just like all other frauds. The company claims expert traders in the market founded it. This perfect narrative helps them to conceal their identity. The professional fails to showcase their qualification and faces to the public.

DiamondProFX Review, DiamondProFX Company

Therefore, you can consider these claims vague. Moreover, the entity states it focuses on providing its affiliates with constant daily ROI. This proves that there are no trading activities taking place in the venture.

DiamondProFX is taking money from one investor and distributing it to pioneer clients. The operation is doomed to fail. You shall wake to find their website down. Investing with the entity, you are gambling with your safety.

Avoid this dirty Ponzi scheme and invest with top crypto trading entities. These exchanges have unbeatable performance. Additionally, the success stories of their customers speak for them. The platforms are dedicated to providing the best services.

DiamondProFX.com Review

DiamondProFX is accepting all forms of investors. Both novice and expert clients can join the platform. The venture has trading bots that make it possible for clients to trade automatically. The entity states that BTC customers can predict their outcome in advance.

Unfortunately, the cryptocurrency market is prone to volatility. Therefore, one cannot accurately predict the direction of the market. Therefore, the venture is making false promises that will leave many devastated. Additionally, the firm is also dealing with forex trading activities.

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If you want to trade automatically in the forex market you can try out the best EA. These bots have been used by many and are on the top list of transparent software. DiamondProFX claims that it is easy to generate income by investing in various assets.

However, the process of trading is not straightforward, as the venture proclaims. Without having the best skills, you won’t be able to get lucrative returns. You must at least have the basic knowledge to earn real-time returns.

Even trading bots can suffer from system failures. DiamondProFX is mainly targeting novice traders. They are easily gullible unlike expert trades who can sniff con artists from miles away. Most of the Ponzi scheme hides behind technology to steal from innocent traders.

Trading Conditions of DiamondProFX

The venture brags it has unbeatable performance in comparison with its competitors. Sadly, they do not show evidence of trading happening behind closed doors. The company is using the latest technology and high-quality tools to attain high ROI.

However, the broker has only been in the market for months. They don’t back up their data with verifiable results. Additionally, we do not know the accuracy rate of their trading bots. Therefore, to be on the safe side, avoid them!

Furthermore, DiamondProFX does not have a trading platform. The broker provides a Market Screener that is a chart from TradingView. They are using materials from third party. The broker lacks seriousness. They will leave you devastated.

Invest with the best forex trading companies that have an MT4. The software has multiple desirable features. Additionally, it is one of the popular platforms in the industry today. You can use the EAs and predict the market movement by navigating easily.

Withdrawal and Deposits

DiamondProFX is accepting funds via Digital currencies only. You can fund your account with as little as $1. However, their mode of payment is precarious. Crypto payments help a shady entity conceal its murky business.

The wallet of the receiver remains anonymous. Additionally, it is impossible to issue a chargeback. The company can only feature your funds in the user dashboard. Unfortunately, when you attempt to withdraw, the action will be futile.

The moment you deposit money at DiamondProFX, you automatically lose access. You are doomed if you take money from this Ponzi scheme. The venture may also have hidden charges for traders. You will only hear of them when you request to cash out.

Customer Support

The clients of DiamondProFX can reach the support via email. It is only the VIP members who can call them. This is unprofessional, and granting such privileges to investors is being discriminative. Everyone should be able to contact the entity without a struggle.

The platform is pushing clients to deposit more funds. The real location of this Ponzi scheme is unknown. Our best advice is to avoid engaging with the firm. You can trade with the best firms that are transparent.

Scammers tend to provide random addresses in jurisdictions that are strict with investment entities. They target clients from these areas without a license. DiamondProFX is a platform that will cut all communication with traders after getting money.

Additionally, the platform is untrustworthy. If you share your data with the company, it can be used in identity theft. Moreover, the platform may share it with a third party. The con artists can cold you with tempting offers.

There is no professionalism when it comes to Ponzi schemes. They are after enriching themselves using the funds of their victims. Invest wisely and learn to distinguish a legit entity from a scam.

Regulation Status of DiamondProFX

The entity proclaims that it is operating legally. They have a registration from the corporate house in the UK. Nonetheless, these materials are easily and cheaply obtained. Additionally, there is a big difference between being licensed and being registered.

What matters is having a regulatory form. DiamondProFX is not on the FCA list of legit brokers. Therefore, the entity is targeting investors from the UK without adhering to the law. The guidelines of the financial watchdog are to help clients from dealing with fraudsters.

It is dangerous to trade with this bogus company. Nonetheless, the platform brags it is safe and secure. Sadly, this is another fat lie. The SSL certificate is not enough to protect you from the fraudulent activities of this scheme.

DiamondProFX should have a compensation scheme in place for their clients. Additionally, the broker should also operate in transparency by the law. The account managers, analysts, and financial advisors should be credited.

The firm will leave you broke. You will also have trust issues and start seeing the online opportunity as a fraud. At the same time, the reality is that you entrusted your hard-earned money to an unlicensed venture.

Client Testimonials

The company claims it has the ability to generate high income for its customers. However, they do not have feedback from their clients. The only thing that the fraud features are false testimonials. They use stock images to purports the firm is reputable.

DiamondProFX Review, DiamondProFX.com Testimonials

There is no single negative review. The available information is bogus and too good. The alleged customers claim to have been members for a short duration. Nonetheless, this has not stopped them from earning high profits.

DiamondProFX is a scam that promises to skyrocket returns. Even the best entities in the market cannot generate 10% daily profits. There are trading factors that affect the industry. Refrain from investing with this scheme.

Final Verdict

DiamondProFX is allegedly the best cryptocurrency, forex, binary, and CFD investment firm. This is far from the truth. For starters, this entity does not have a license. Additionally, there is no evidence of trading activities occurring.

Invest with reputable forex trading ventures that are transparent. These ventures are remarkable and have earned several clients passive income. Try them today!

Where is DiamondProFX located?

The company features an address from the USA. It also claims to have a registration form from the USA. However, the scam is lying, and its real locale remains unknown.

Is this company operating legally?

The venture does not have a regulatory form from a reputable financial watchdog.

Which trading platform is available?

DiamondProFX does not have a trading interface.

Are the testimonials available online reliable?

Unfortunately, this venture is using fake testimonials.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Bitcoin had a unstable Tuesday, for a short time

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Bitcoin’s near 50% reduction from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment. Bitcoin had a unstable Tuesday, for a short time it was dipping below $30,000. That was for the first time since January before settling around $33,000 at press time. The world’s largest cryptocurrency by market value, is Bitcoin.  It is still up about 11% year to date, according to CoinDesk 20 data.

“The primary reason for the sell-off has been the crackdown in China on mining operations and banking services,”. The analyst at multi-investment platform eToro who is Simon Peters, talked about this.

Regulatory forces from China is always a very big problem for cryptocurrencies. Which is why the near-50% reduction from all-time highs surprised some analysts.

“The news out of China regarding mining and trading crypto may seem dramatic to newer investors, while those with experience should used to the progression of this news over the past several years,” . This was by Sean Rooney, head of research at crypto asset manager Valkyrie Investments.

The effect of regulatory crackdown

Maybe an exasperated regulatory crackdown was not fully priced in given how the price of bitcoin almost doubled over the past year.

“Today we polled our 950+ person community to gauge their opinion on where the bitcoin bottom may be, and we received split answers for $28,600 and $25,500,” . Nick Mancini wrote about it. He is also the research analyst at crypto sentiment data provider Trade the Chain.

In addition, others stay more hopeful and confident about the future, where bitcoin’s price is going. “Bitcoin is currently trading approximately one-third below its long-term exponential trend line,”. A phenomenon that it has only exhibited for 20% of the time in bitcoin’s history, according to Stephen Kelso.

As the head of markets at ITI Capital said. “Given the market forces and demand for scarcity assets to protect wealth, ITI believes this is an attractive buying opportunity for investors.”

For now, $30,000 remains a key support level, even though technicals show limited upside towards $34,000-$36,000.

MicroStrategy

MicroStrategy’s newest relationship to finance the company’s additional buying of bitcoin is now trading under its face value as the cryptocurrency keep falling and decreasing.

Prices on the $500 million bond, which closed on June 15, fell almost three points after the company said on Monday. That it completed its purchase of 13,005 bitcoin at an average price of $37,617. Bitcoin was trading at around $32,542 as of press time.

At last count, MicroStrategy held 105,085 bitcoins. The company so far issued more than $1.5 billion in changeable notes and junk bonds to fund such purchases. Blockchain data shows low request for transactions over the past few months.

Bitcoin and Ethereum Transfer

“Both Bitcoin and Ethereum experienced dramatic slowdowns in on-chain activity, with active addresses and total transfer volume falling back to 2020 and early 2021 levels,” .Mentioned Glassnode in a newsletter published on Monday.

Bitcoin’s active addresses decreased 24% from the March peak. While Ethereum’s share in falling in active addresses was more. It dropped 30% from peak levels.

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Bitcoin Holds $30K Support After Unstable Tremble; Resistance at $36K

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Bitcoin (BTC) went back to above the $30,000 level on Tuesday. After an unstable trading session this happened. Buyers started stepping in with a fast speed. As oversold conditions appeared on intraday charts. The next level of resistance is around $36,000, which could limit further upside.

The world’s biggest cryptocurrency by market value was trading around $34,000 at press time. And it is up 9% over the past 24 hours.

The near-10% price fall on Tuesday was typical of a tremble. Which signals a period of market uncertainty when sellers surrender.

Bitcoin’s two-month decreasing movement appears exhausted after the relative strength index (RSI) on the daily chart registered a higher low. This means buyers can stay active towards upper resistance levels.

The RSI on the four-hour chart is not yet overbuy. Even though bitcoin is still under the 100-period moving average, offering resistance could be found at $36,000.

Stronger resistance is at $40,000 which is near the superior bound of a month-long range.

Bitcoin looks to have bottomed out

While bitcoin (BTC, +1.73%) looks to found a bottom, a quick rally to record highs looks unprobable. Analysts are talking about that the cryptocurrency now faces price consolidation.

“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” . The trader and analyst Alex Kruger said.

Prices went up to $41,000 early last week before turning south in the latter half after the Federal Reserve’s unexpected hawkish dip on interest rates. Market signal and market value of cryptocurrencies are showing major fall.

Bearish sentiment got stronger on Monday after the People’s Bank of China repeated its crypto banking ban in the wake of the Chinese government’s crackdown on crypto mining. Bitcoin expanded the previous week’s sell-off. It continued hitting five-month lows near $29,000 during early U.S. hours Tuesday.

Stack Funds is also keeping a careful stance in spite of signs of bargain hunting.

“We have noticed that whales (large investors) are re-entering the market as risk appetite returns,” it said in a research noted published Wednesday. Short-squeeze hunters are also exiting the market, it said.

“We believe bitcoin is very close to the bottom, at least in this current wave,” analysts are talking about it. But, “we will keep a close eye on bitcoin’s price post options expiry, and it will be interesting to see how this will unfold in the first week of July, the start of the third quarter.”

Bitcoin price is 33,322.70 at the time of this report.

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