Cryptomegaoptions Review: Absurd Broker

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Cryptomegaoptions Review: Absurd Broker

Cryptomegaoptions is a company that deals with crypto trading. Digital currency is one of the lucrative products in the market. Therefore, acquiring the necessary trading skill will allow you to yield better awards.

Cryptomegaoptions Review, Cryptomegaoptions Company

However, the market is plagued with numerous scammers. If you’re not careful, you might end up trusting the wrong scheme. The trading conditions are not revealed the company yet claimed to be genuine.

The first thing you should check for is the legitimacy of a company. Cryptomegaoptions do not fall under any regulatory agency. Therefore, they are operating as they please. In case of violation of their terms, investors cannot sue the entity.

Ironically, the entity purports to be operating transparently. However,  the ownership information is missing. It is impossible to go after the fraudsters once they exit the industry while you do not know their identity. Additionally, clients do not have assurance experts are handling their funds.

Why not try out these legitimate crypto trading companies. They have years of experience in the industry and work with reputable institutions. You can also check their client reviews and trading reports to see what you’re signing up for. Review

This is a Ponzi scheme masquerading itself as a reputable platform. They even faked their regulatory status to trap more victims. Cryptomegaoptions are not regulated by the Australian Securities Investment Commission  (ASIC).

The entity does not qualify to refer to itself as an investment scheme. They provide general information. The company does not reveal the technique it uses to generate high income. This is a fraudulent entity that was recently established.

Nobody in their right mind would endorse such a dubious platform. The easiest way to lose money is to sign up on this website. Cryptomegaoptions is capable of generating random figures instead of actively trading.

The authority will not be able to help you recover your funds. You are better off without this Ponzi scheme. The traffic visiting the platform is also insufficient, proving that investors are not interested in their lurking services.

Trading Conditions of Cryptomegaoptions

The company claims it has innovative and intuitive trading interphase. You are expecting a link to the mentioned MT4 and MT5. Unfortunately, the download link is nowhere to be seen. We could only see the trading view chart that belongs to a third party.

 You cannot use such material to trade. There’s no point registering on this website when they do not have a functional trading platform. If you want to trade cryptocurrency, you can use popular exchanges. However, signing up at Cryptomegaoptions will automatically lead to losses.

The venture purports its trading forex, cryptos, indices, metals, commodities, and energies. These are volatile products that require a superior trading interface. Investing in a scam will only lead to massive losses. They set up leverage of 1:500.

The limit is above what various regulatory agencies permit. If you lose your money, the company wins, and considering the scam is not trading, you can expect the worst. 

Withdrawal and Deposits 

Cryptomegaoptions leave out information regarding the minimum amount that investors can deposit. A genuine company will have a standard capital requirement. However, scammers will tend to take anything that comes their way. They will even ask for different amounts based on your origin country.

The Ponzi scheme does not have various trading accounts. The company has a table showcasing investors’ withdraw and deposit. The returns are ridiculous and you do not need a trading background to identify the deal is too good to be true.

Cryptomegaoptions advertisers return approximately 40% to 60% profit within a short duration. This is a Ponzi scheme that is taking funds without trading. They are also only accepting funds via Ethereum or bitcoin wallet.

Legitimate platforms will have numerous payment methods. These may include; Skrill, MasterCard, Bank transfer, Wire Transfers, Visa, e-wallets, and PayPal. Only scammers will gladly use digital currency options to remain anonymous. The method also limits investors from issuing cashback.

Customer Support and Contact Details

When opening an account, Cryptomegaoptions requires investors to verify the account. You should provide your proof of identity and proof of address. However, the company cannot interest simple contact details to the public. We do not know their country of origin.

You should never give access to such critical data to murky businesses. For all, we know, they can use it against you. It is also impossible to get hold of customer support. The scheme does not have a phone number or an email address. This speaks volumes of the nature of their business.

Cryptomegaoptions do not deserve to be in the market. Investors should always come first. A genuine business will have multiple options that customers can use to hold them. Stick only to genuine and transparent schemes.

Regulatory Status of Cryptomegaoptions

Cryptomegaoptions is providing investment services illegally in the United Kingdom. The FCA does not authorize the entity’s operation and has issued a warning against the broker. There are numerous advantages of dealing with a licensed company.

A legitimate platform to deposit capital of £730k. The money is kept in a separate account from that of traders. Investment companies have to work with reputable top-tier 1 Banks. This helped facilitate first withdrawal requests and to ensure customers’ funds were not misused. Review, FCA Warning

If a licensed company faces bankruptcy, clients can receive a compensation of £20K. However, scammers like Cryptomegaoptions can close down their entity without notice. Investors’ funds will be trapped in their system, never to be recovered.

The Ponzi scheme does not protect investors against negative account balances. Therefore, you may end up losing more money than you initially deposited. The people running The entity do not care about the law. They will, therefore not have a problem violating their own terms and conditions. 

Is Cryptomegaoptions a legit company or Not?

This is an illegitimate Investment company. The people running the entity are anonymous. Investors have the right to know the qualifications of individuals handling their funds. However, Cryptomegaoptions act smart and withhold the essential data to limit the authority from going after them.

We do not know the mechanism deployed by the scheme to generate the mind-blowing returns. The entity advertises ridiculous daily profits beyond what legitimate entities earn yearly.

Cryptomegaoptions is a greedy Ponzi scheme that is only after investors fund. You will not improve your trading skill as the scheme does not have a learning course. Additionally, they do not have a trading platform.

The entity also does not have sound customer support. You can expect to be treated unethically when You face a challenge. Moreover, the entity does not have clients review. Therefore, we do not know the experience of those who have tried their services. One thing is clear but nobody has earned using this company.

Final Verdict 

 Cryptomegaoptions is an outrageous Ponzi scheme. They are targeting investors from countries with strict jurisdiction. The entity is not worth your time. Those who turn a blind eye to our warning will only lose funds. The website has a recently registered domain. They mainly target novice traders as they are easy to trick.

Here is a list of reputable crypto trading companies. These are platforms legally in business. The safety of investors’ funds is their main priority. They are also working with a reputable and qualified team. Any shortcoming is resolved in time. 

No, this is a venture that does not enough funds to hire a support

No, the entity is operating illegally.

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