INDOEX

INDOEX is a centralized cryptocurrency exchange reportedly founded in January 2019, with stated operations in Estonia and the UK. While it claims to focus on altcoins, algorithmic trading, and providing a secure platform with a wide range of assets, recent reports and user feedback paint a highly concerning picture.

Major Concerns and Red Flags:

• Allegations of Unauthorized Asset Sales: As of May 2025, INDOEX is facing serious accusations of unauthorized transfer and sale of customer digital assets. Users report funds being moved from their wallets without permission, leading to significant frustration and loss of confidence.
• Withdrawal Issues: Numerous user reviews, especially from late 2024 and early 2025, describe significant problems with withdrawals, including funds not being processed, accounts being frozen, and lost assets.
• Lack of Communication & Transparency: Customers report a severe lack of responsiveness from the support team and no clear communication from INDOEX regarding the alleged unauthorized transactions or their resolution plan.
• Regulatory Scrutiny Risk: If the allegations prove true, INDOEX could face legal consequences and investigations from financial regulators in Estonia and the UK, which are jurisdictions it claims to operate in.
• Low Organic Traffic: Despite claims of high trading volume in some older reports, current data shows 0 monthly organic visitors to its website, suggesting extremely low actual user engagement.
• Data Safety Concerns: While the mobile app claims "No data shared with third parties" and "No data collected," it also states "Data isn't encrypted" and "You can request that data be deleted," which presents conflicting and concerning information regarding data security.

Historical Claims (to be viewed with extreme caution given current issues):

• Fiat & Crypto Trading: Historically claimed to support crypto-to-crypto and crypto-to-fiat (USD, EUR) trading.
• Wide Selection: Advertised over 69 cryptocurrencies and 126 markets (trading pairs).
• Security Claims: Stated use of KYC, cold storage (98% of client funds), and SSL encryption. (These claims are severely undermined by current allegations).
• Low Fees: Advertised low fees (0.15% for makers and takers on most pairs).

Summary:

INDOEX is a highly problematic cryptocurrency exchange currently facing severe and widespread allegations of unauthorized asset sales and withdrawal issues. The lack of transparency, unresponsive customer support, and potential regulatory investigations make it an extremely high-risk platform.

Final Thoughts:

Given the profound and ongoing concerns, including serious accusations of asset misappropriation, INDOEX exchange is not a safe or reliable platform for any cryptocurrency activity. Users should exercise extreme caution and are strongly advised to avoid depositing funds or engaging in any trading on this platform to protect their assets. Prioritize well-regulated, transparent exchanges with a proven track record of security and customer trust.strict, Tallinn, Harju county, 10119, Estonia; and 4 Durham Street, Vauxhall, London, United Kingdom, SE11 5JA, UK.