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Crypt MILL Review: Cryptmill.com Forex Scam Revealed

Crypt MILL Review: Cryptmill.com Forex Scam Revealed

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Crypt MILL (Cryptmill.com) is a cruel Cryptocurrency scam platform targeting investors from South Africa. CryptMill is claiming to be a leader in CFDs and Forex market data. With such high hopes, investors signed up not knowing the actual reason behind this platform. Some members have started coming out with grievances towards this platform. Members are having a hard time withdrawing funds. Read this genuine CRYPT MILL Review for more details.

Crypt MILL Review

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Crypt MILL Review

After receiving numerous email complaints from users, we decided to investigate this platform. What we noticed odd with this platform is how organized the website managed to fool investors. Crypt MILL is a cloned website which is stealing from anyone who deposits funds with them. It is best you stay away from it or any of their affiliate programs. The South African Regulatory body has issued an alert concerning this platform. Want to know some of the tricks used; we suggest you read this entire eye-catching review.

What we noticed odd with the website is how they refuse to give users their actual license details. Ensure you stay away from this bogus platform which is clearly stealing from investors. With the number of complaints rising, the platform will soon shut down. Since no one has been able to withdraw funds, the platform is not an actual trading platform. Crypt MILL is another pyramid scheme.

About Crypt MILL

Crypt MILL Group of companies is the entity posted as the owner of this website. From what we can see, they claim the company is located in Australia. The platform is said to be owned by Crypt Mill Australia PTY. What these scam artists are trying to do is throw off anyone who tries to investigate the platform.

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Anonymity is another rotten feature we found out with this platform. No mention of the CEO or CFO of the mother company. We have no names of the founding members of the platform which is odd. No broker has come out and declared their association with this platform. Stay away from anonymous online investment platforms.

Is Crypt MILL Licensed or registered?

Crypt MILL License and Registration

A look at the Financial Sector Conduct Authority (FSCA) reveals no platform is licensed under this name. What this means is that Crypt MILL is openly claiming false details to the public. We checked with the body and no results popped up making Crypt Mill a total scam. Ensure you stay away from this platform or else face the risk of losing your deposits. Make sure to sign up with licensed entities to avoid being a victim of online scams.

Why has Crypt MILL failed to post any details regarding their license? You would expect the platform to post copies of their license and registration documents. With such documents, it makes it easier for investors to confirm their license details. Without any valid documents on their website, it is clear Crypt MILL is not licensed or registered. Stay away from this platform and never sign up with such platforms. With the number of complaints rising by the day, authorities should shut down the website.

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Advantages of Crypt Mill

We could not come up with any trading advantage with dealing with a false platform. The fact that Crypt MILL is claiming to be regulated and fails to prove it is one of them. Complaints from members are another factor which makes this a scary platform. You should stay away from this platform as authorities will soon shut down the platform. Without proper documents to prove authenticity, this is another online scam. There is no need to associate yourself with online scam platforms and lose your deposits.

Disadvantages of Crypt MILL

Account Type

Crypt MILL Trading Platform

CryptMILL is furnishing users with one account type to choose from. Account is listed as a single account where users can access various markets. No one knows the type of features the single account is giving go users. What are the spread types and leverage offered by the single account type? Lack of such information is wanting.

Customer Service

Another issue we noticed with the platform is lack of a proper customer support team. With today’s technological advancement, you would expect platforms to offer live chat support. These are important aspects when it comes to communicating with users. The platform prefers use of emails which is not useful as response may take a while. Phone number listed is ever busy and no one picks it when it goes through. And this is why scam artists choose these methods to avoid any communication with their victims.

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Demo Account

Another problem we noticed with this platform is lack of proper details concerning the demo account. A demo account is useful as it helps give users a chance to test how well the platform works. And this is where we face problems with the platform as it does not give users a chance to test it. Without a proper demo account, investors are signing up blindly. No investor knows the speed at which the platform executes trades. You don’t even know the tools within the platform unless you open a real account.

Trading platform

According to details on their homepage, Crypt MILL is using MT4 as their preferred tool of trade. What we noticed with this platform is lack of any security features to secure investors. Hackers will take over unstable platforms and steal vital details such as credit card details. Ensure you stay away from this platform as it is a certified online pyramid scheme.

Safety of funds with Crypt MILL

Ensure you stay away from as lack of security features renders the platform unstable. Users are also depositing funds straight to owner’s bank account. These scam artists are laughing all the way to the bank once investors deposit funds. For all we know, this could be a money laundering website.

Scam or legit

About Crypt MILL

With the evidence we have just revealed, CryptMILL is a scam. Make sure you mark their emails as spam and never click on any of their links. Never join their affiliate programs as they are just a hoax to get more victims. Stay away from this platform or else face the risk of becoming their next victim.

Bottom line

We will be adding this platform to our scam blacklist to ensure no one signs up with them.

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Wishing all investors a happy and prosperous trading period

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