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CryptoBase (Cryptobase.ltd) is a brutal CFDs, Crypto Currency and Forex scam platform to hit the online trading world. Crypto Base is claiming to offer Commodities, Crypto Currency, Forex, and stocks. With claims of having over 50 major and exotic currency pairs, this would seem to be a legit platform. Upon further scrutiny, some damning details have emerged regarding their services. Read this genuine and honest CRYPTOBASE Review for more details.
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After landing on their homepage, it is easy to see why most investors are falling for this scam. CryptoBase is a cloned website which looks like a real trading website. And this is what professional scam artists are all about, deceiving unsuspecting investors. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Ensure you read this and other reviews posted on our homepage for more.
What these scam artists have done is promise users an easy and quick way to make funds. By posting over the moon claims, investors are surely going to fall for their gimmicks. We will expose some of the scam tricks used by professional online tricksters in an effort to protect readers. Dealing with any illicit broker will lead to investors losing their funds and never recovering them. CryptoBase is a crooked online scam platform with a bad online reputation.
A good place to start in regards to the company’s profile is their About Us page. CryptoBase is professing to have Crypto analyst who help clients make a balanced and long term portfolio. Other details posted on their about us page show they started trading from 2013. Scam artists will do or say anything to make their platforms appear legit, even fake dates. And this is what CryptoBase has done as there is no evidence to support their claim. And this is where cracks start to appear.
Anonymity is a major issue when dealing with any online investment platform. Since these scam artists have claimed to have expert analysts, why not mention their names? As it turns out, Crypto Base is riddled with empty claims and promises which makes it a scam. No one knows who the founding members are or the people running this website. Investors are depositing funds to an unknown third party. It would seem these are scam artists are probably based offshore and plan to rip off members.
After checking with a few regulatory bodies, we can confirm CryptoBase is not licensed or registered. Some of the institutions we contacted include ASIC, COSNOB, CySEC, FCA, NFA, and SEC. What this spells is doom for anyone who signs up and deposits with this platform. And a huge problem lies with lack of proper mechanism to recover funds. Entities which are unlicensed are known to lack any compensation scheme once things go south. And this is what some members are experiencing.
Another shocking issue we found with this broker is lack of proper documents to prove their authenticity. A real broker will post details of their license and registration for all to see. In most cases, brokers tend to post their license number at the footer of their homepage. Crypto Base clearly skips this process as there are no details to prove any regulation. And this means we are dealing with a rogue broker who does not follow set industry regulations and rules. Best thing is to stay away.
Apart from having a well-designed website, there is nothing appealing with this broker. Lack of proper documents to prove registration is proof we are dealing with a quack. Due to the huge number of complaints going on with this broker, we are sure they are a scam. Members have been posting negative comments in regards to unfair treatment by this broker. Without a valid license, it makes investing with Crypto Base a huge financial risk.
CryptoBase is furnishing users with three types of accounts. Accounts are named Bronze, Silver, and Gold. A huge problem we have with these accounts is with bonuses being promised. Bonuses are being used to lure investors to sign up and deposit more funds. Investors deposit more funds expecting to get a huge bonus. Why issue a bonus if you will later ask for it? Stay away.
At the bottom of their homepage, one can see a few comments from members of this platform. Sadly, these are merely fake claims posted to lure investors into believing this is a legit platform. Apart from having no credibility, we could not reach these members. No other outside platform has any positive comments regarding Crypto Base.
MT4 Trading platform is their preferred tool of trade. A few members have been complaining of slow notifications and inaccurate trading signals. What we found out with their platform is lack of proper security features. SSL Encryption is not available on their platform which makes it an easy target for hackers. Third parties will easily take over the platform and steal credit card information.
Another huge issue we found with this platform is in regards to withdrawing funds. No member has been able to withdraw funds with this platform. Sadly, members have not been able to get their funds as their withdrawal requests go unanswered. And this is proof we are dealing with an illicit broker who is openly stealing from members. Stay away as this broker will soon close shop without issuing any notice.
After checking with their security status, we are sure safety of funds is not their priority. A website which is not secure means hackers can take over the transaction process. Lack of DDoS protection means the platform is vulnerable to hackers. Segregation of accounts is also another huge problem. Crypto Base is pooling funds in one account which is extremely risky. Members have been depositing funds straight to owner’s personal bank account. And this is where we draw the line.
Evidence clearly point out to CryptoBase being a scam. Lack of proper valid documents and no withdrawal proof makes it a scam. Anonymity is also another huge factor which makes this platform a security risk. Remain safe by ignoring all their calls to sign up and marking their emails as Spam. Rogue platforms will use countless marketing gimmicks to try and contact would-be victims.
By adding this broker to our scam blacklist, our readers know what to expect with Crypto Base. We hope you will heed our advice and stay away from this rogue platform.
What are you waiting for?
Wishing all investors a happy and prosperous trading experience.
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