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Criptotrade.es Review: Criptotrade is a Scam

Criptotrade.es Review: Criptotrade is a Scam

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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.

Criptotrade

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. 

Criptotrade review

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.

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Returns

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.

A ponzi scheme tactic

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.

Our best advice for you

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.

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