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Cryptoarb Review: Cryptoarb.io a Forex Broker Without a License

Cryptoarb Review: Cryptoarb.io a Forex Broker Without a License

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Cryptoarb is a company that is dealing with multiple assets in the market. Three features allegedly define the platform; professionalism, advance trading tools, and reliable. The firm has over 200 assets at the disposal of its customers.

They will assign you a personal analyst. However, the venture has several flaws. They are not a trustworthy firm. The venture is an offshore company that can exit the market at its timing.

Cryptoarb has low spreads and offers a demo account with $1000. They allegedly enjoy liquidity from top-notch financial institutions in the world. Sadly, all these are an unverified statement that you cannot trust.

The platform guarantees to investors that they will have a stable income. The online investment venture also has an educational program. They offer standard European services to their customers. The venture is targeting innocent traders from the European countries without the necessary documentation.

The company speaks highly of itself but shows no proof of being the best investment firm. The platform states that it is using modern trading terminals. However, it is not worth it since the risks of trading with this venture are too high.

Cryptoarb.io Review

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The platform does not feature much information regarding its trading operation. Professional traders allegedly formed the company. However, the firm does not showcase who these people are or their background.

Cryptoarb.io Review, Cryptoarb Platform

It is therefore hard to verify the claims. The platform is only bragging of fulfilling investors’ goals. Unfortunately, there isn’t proof of trading taking place. They are trading indices, forex, gold, and stocks.

Cryptoarb website sells them off as untrustworthy venture. Signing up process is very complicated and slow. Additionally, the company does not have a variety of trading accounts. The lack of information shows that this is not a serious broker.

The company is 100% discrete as the information of the individual running this entity is operating behind the shadow. Trusting anonymous people with your money is an unwise decision. It could lead to tremendous loses one that you will never recover from.

Make payment using credit cards because you can issue a chargeback. However, if you use other payment methods, your money will be trapped in the system of the Ponzi scheme. Be cautious majority of companies that promise you great deals will walk out on you when you least expect.

Avoid anonymous entities that are not regulated by the government. Look for trading results and any proof of trading. If a company does not have existing clients feedback, it is best to look for other alternatives.

How Does Cryptoarb.io Operate

The platform works using a very simple mechanism. They hire professional con artists who are very wise with the words that they use to fish for victims. You might come across the venture being advertised as a legit firm.

You will never recover your money once you deposit money with the scam. They will give all sorts of excuses when you attempt to cash out your funds. They will even bring up taxation in the process and other charges that the salesperson had not disclosed.

However, the firm is not trustworthy, and the promises they make are false. The salesperson will manipulate you into believing their false narrative. It is hard sometimes to spot the red flags, especially if you are not knowledgeable about the market.

Trading Conditions

Cryptoarb claims they have low commissions and best liquidity providers in the industry. They are accepting both expert and novice traders in the industry. The firm is using a web-based platform to trade.

They do not avail a MetaTrader4 which is the preferred interface. Moreover, downloading this platform is not easy. The company has broken links. It is unprofessional that they have not yet noticed the error.

Cryptoarb Withdrawal and Deposits

Cryptoarb is a features several payment methods at the footer of their platform. They are accepting credit/debit cards, bank transfer, Neteller, among other methods. However, we cannot verify if the entity is accepting all the listed payment.

As mentioned earlier, there is no information regarding the investment accounts. Hence, we do not know the least amount of money that the broker is accepting. Expect the support to call you using different phone numbers with outrageous rewards.

The company does not have a standard priced for their accounts. They do not mention any additional fees. However, considering the entity is not regulated, you can expect them to have hidden charges. The least amount of money that you can cash out is $50.

Moreover, Cryptoarb will charge a fee of 5% if you want to withdraw money, but you have not completed 5 orders. The company process withdrawal after 2 days. Three months inactivity is subjected to a fee of 5%.

The duration is too short; this shows that the suspicious venture is only after traders’ money. The platform has a bonus for their clients. It might look like a lucrative opportunity for novice traders. Sadly, there are shocking requirements that come along. Make sure to read their terms and conditions.

Registration and Regulation

Cryptoarb is not licensed nor regulated by any authority. The location of this firm is in the United Kingdom. Unfortunately, after checking with the FCA, we found that the firm is not regulated. Therefore, this venture is an outlaw that you should avoid.

It is important that you only venture with platforms that have a license from FCA, ASIC, CySEC or NFA. Companies that operate according to the set jurisdiction are the best. They will never defraud you or use your data against you.

Moreover, the companies compensate clients once they face bankruptcy or when an overseen outcome arises. The financial watchdogs require that investment firms set aside a certain amount of money. Additionally, investors’ money is kept in separate accounts from that of the platform or founders.

Customer Support

The platform has professional customer supports that are dedicated to helping traders. They operate 24/7. We are certain that the address that the company avails on their website is fake. Cryptoarb states that they have multiple phone numbers that they are using.

If you share your contact with them, they can call you convincing you of unrealistic opportunities in the market. Stay woke and avoids sharing your data with offshore entities. You will end up regretting once they steal your funds.

The Domain Insight

Cryptoarb.io is a company that was registered in February 2020 for a period one year. Their domain name is also suspicious. The founder information is not accessible to the members of the public. According to Alexa.com, the platform has a global ranking of 2,289,377. Their traffic is coming from Canada.

Final Verdict

Cryptoarb is not have an operational license from the authority. Moreover, they feature a fake address to attract newbies traders. The platform is not transparent and you cannot trust them. The company does not have a trading history which creates more suspicion.

Exploit the market by venturing with forex trading companies. Use the opportunity to benefit yourself and improve your trading skills. Learn about the market before jumping to every opportunity coming your way.

 

 

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