Crypto SFS (Crypto-sfs.com) is another rotten online Crypto Currency and Forex scam to hit the trading world. CryptoSFS is purporting to offer Bitcoin, Etherium, and Litecoin to anyone looking to trade digital currencies. After receiving numerous email complaints from members, we decided to investigate. What we found out about Crypto Smart Financial Services is shocking to say the least. Read this genuine and honest CRYPTO SFS Review for more details.
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Negative comments have been floating all over the web regarding this platform. Members are crying foul after having their accounts blocked without a valid reason given. What you need to know is Crypto SFS is another online scam platform out to cause major havoc. Details about how this scam works will be shown in this vivid review. We will expose some of the dirty tricks used by these scam artists and ensure everyone knows them. Keep reading this review and find out what CryptoSFS is all about.
Scam artists have gone a step further and decided to clone trading websites. At a first glance, it is easy for newbies to believe what the websites sells. Thanks to our years of investing and trading, we know how to spot scam websites. Crypto SFS is another cloned website which is offering fake trading services. What you need to know about this platform is they are simply out to get your money. Once you deposit with this platform, it is the last you will ever see of your hard earned funds.
Not much is known about where the platform originates from or their actual base of operation. Disclaimer at the footer of their homepage claims Smart Financial Services Ltd is the company behind it. We all know scam artists will do or say anything to ensure their platforms appear legit to the naked eye. CryptoSFS has gone ahead and stated that they are actually based in Estonia. Remember scam artists who target European investors will in most cases fake their location.
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Anonymity is another huge problem with this platform. No one knows the actual names of the founding members of this platform. Can we get the names of the people running the show? What you need to know is this platform is operated by offshore brokers. Offshore brokers are known to flaunt set industry regulations and rules. Anonymity gives them the chance to steal from unsuspecting investors without being traced. It makes recovering lost funds more difficult even with the help of authorities.
Another red flag we will raise concerns their license and regulation. Crypto SFS is not licensed by any European governing body that we know of. We contacted numerous regulatory bodies to make sure we get their license validity. Some of the regulatory bodies we contacted include ASIC, CySEC, FCA, NFA, and SEC. Since they claim to be based in Estonia, we also reached out to the regulatory body. The EFSA has no broker licensed with this name, and so are the other named regulatory bodies.
With this proof, we are sure Crypto SFS is operating an illegal pyramid scheme. What these scam artists are doing is creating an illusion they are regulated to operate in Europe. Why have they failed to post any documents to prove their legitimacy? One would expect a broker to post copies of their license certificates for all to see. CryptoSFS does not even post any license number on their webpage. What this means is we are dealing with online professional scam artists.
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We could not come up with any advantage of trading with a platform which is unlicensed. With the negative comments from members who have lost funds, it is clear Crypto SFS is stealing from members. Only scam artists have the habit of stealing from members who deposit with good faith. Some of the victims have tried to reach out to the brokers and have had their numbers blocked. CryptoSFS is another online scam platform which must be exposed to prevent further damages.
When it comes to how deposits are made, the platform has this area well covered. Members can deposit funds through various depository methods available to them. Some of these depository methods include Bank transfer, Bitcoin, MasterCard, Visa, among others. Depositing does not take more than five minutes for the process to complete. We however don’t recommend it as withdrawing funds is a major problem with this platform. No member has been able to withdraw funds with this platform.
Another disturbing feature with this platform is lack of information regarding account types. Do they have one single account type or offer a wide variety? There is no way of knowing what the accounts offer in terms of features. Without proper information, members are signing up blindly. Since we are dealing with anonymous brokers, reaching out to them is no easy task.
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Notice the platform fails to offer members a live chat support feature? With today’s modern technology, you would expect a broker to offer a bot chat service. Phone numbers listed are ever busy and emails take time to get any response. And this is another scam move to ensure they block any contact. Crypto SFS is another platform which will without a doubt steal your money and never hear from them.
Another shocking issue we found with this broker is having a web based platform without proper security features. Hackers will take advantage of any trading platform which lacks DDoS protection and SSL Encryption. A website with no security feature is not worth exploring, stay away from Crypto SFS.
How can funds be safe with a platform which fails to offer basic security features? Segregation of accounts is also worrying as we believe users are depositing funds to owner’s bank account. We urge authorities to take a look at this platform and shut their whole operation down. What everyone needs is to help expose this platform since no compensation is coming your way.
Evidence clearly shows we are dealing with a rotten scam. Ensure you stay away from any platform which shares similar traits. These scam artists have hired call agents to act as professional brokers and ask members to deposit more. Make sure not to give out your personal details to any of the so-called call agents.
We will be adding this platform to our scam blacklist and ensure our readers are aware. Mark all their emails as spam and never click on any links sent by their email marketing team.
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Wishing investors and traders all the best.
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