Criptotrade.es claims that the reason it was launched was to trade Crypto currencies on behalf of investors who will put in a minimum of 0.10 BTC. The website’s promotional material claim that they have a set of tools that will enable them achieve a return of 300% in an unspecified length of time. They are basically selling investment packs and restricting withdrawals until the target ROI is reached. This is a classic example of a ponzi scheme that waits until a certain ROI is achieved so that they can allegedly pay you. On the homepage of the site, they claim that we can relive the BTC opportunity since the guys who trade here have 15 years of experience in trading. So we can trust them to handle our investments efficiently. This is a hard to believe promise because if there is no proof of success in the alleged 15 years of trading, then it only remains a claim.
Now, you should realize that this is your hard earned money and because of this, you need to do due diligence before you can make a decision to invest. At this moment, we are interested in finding more evidence that Criptotrade has existed for at least 10 years. We know that BTC trading only started becoming popular just the other day. So these guys can’t have traded Bitcoin before everyone else. What is more, these 15 years of trading is experience is something they cannot support with evidence. The domain of this site was updated in April 2019. There is a high possibility that we are dealing with a brand new site here. According to their about us page where they describe what Criptotrade is, they provide the following statement:
CRIPTOTRADE combines a powerful business model supported by extensive knowledge of financial markets. The experience of our team allows us to detect the different factors of the market, as well as those parts of it where to obtain the greatest benefits with the lowest possible risk.
The above statement suggests that there is a team of experienced traders behind the scenes. So if this is the case, our next job is to try and find out who these people are and what they have done in the last 15 years (as claimed on their website). It’s quite unfortunate that these claims are not being accompanied with evidence and it’s easy to believe that this site is only telling lies. Because we don’t trust these guys, our recommendations would be to look for other alternatives for investing your money. Our advice would be to trade Crypto currencies using these bots.
The question that all of you are possibly asking is whether this site can be trusted. The big fat answer is no, and we shall give numerous reasons as to why these guys cannot be trusted whatever the case. First, we start with their about us page which is not even disclosing who they really are. It is just a generic statement claiming that there is a team of experienced traders who are handling investors funds and returning profits at the end of the day while controlling risks. Most shady websites don’t have a proper about us page. In fact, most of these sites will even copy paste this page from other sites that are equally shady. Therefore, to cut the long story short, this website is anonymously managed because we do not know the people who work for it and whether or not they have a strong trading background.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
Criptotrade claims to generate 300% returns after an unspecified duration of time. We cannot believe this statement if there is no proof to support it. First of all, we don’t believe that there is any legit portfolio manager who can guarantee 300% in 1 year or less. Even though Criptotrade has not specified the duration in which these plans will mature, we believe that it is less than 1 year. Now, even the best hedge funds can never generate 300% returns in 4 years.
So to cut the long story short, this is a too good to be true investment opportunity based on the logic that if someone is claiming to return 300% in less than 1 year, then he is suggesting that they are using magic for purposes of multiplying your investments. This is one characteristic of a scam and if you are careful, you should immediately see that this is something that is not legit. In short, you cannot make these returns no matter how much you believe these people might be genuine.
There is also zero trading performance to help demonstrate their 15 years of expert trading and advisory service to the masses. By the way, this domain appears to have been created this year. There is no way these people would have traded for that long when they didn’t have a website in the first place. We need to see their live trading records in order to believe that indeed trading is happening behind the curtains. Otherwise, we treat these as mere claims.
Criptotrade has not been able to prove that they are trading Crypto currencies. This is something that would have been very easy to prove if indeed they were trading and making money. What they are providing at this moment is evidence that they are running a ponzi scheme as opposed to a genuine investment program.
A ponzi scheme does not tell you how the money is invested other than to claim that they are going to trade it for profit. So don’t be shocked that Criptotrade is not providing any evidence of trading activities on their site. They are simply collecting funds with the intent of scamming at least 90% of those who purchase the so called investment packages.
Criptotrade should be avoided at all cost. If you want peace of mind, our advice is that you should probably take things in your own hands. There are many trading bots for Crypto currencies that help you make money even if you are new.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More