Cryptos888 (Cryptos888.com) is a brutal Crypto Currency scam platform openly defrauding investors who sign up. Cryptos 888 is another online platform purporting to offer digital assets for trading. As facts show, this is another rotten platform with no ounce of honesty. And most members are ruing signing up as there are no chances of withdrawing funds. Read honest CRYPTOS888 Review for more details. Get to find out what is happening.
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Members have been complaining all over the internet in regards to unfair treatment. Some members have sent us touching emails regarding how they were mistreated. After reading some of the emails, we knew trouble was brewing. It is our duty to protect the good Crypto Currency trading world by exposing any and all scams. Cryptos888 is another rotten scam which is targeting unsuspecting investors. Read this full review and find out the tricks used by these scam artists.
A good place to start is ask why investors fall for scam platforms. Professional scam artists are known to clone websites and entice investors to sign up. And this is what Cryptos 888 has done with their illicit platform. Due to the large number of complaints, we have to expose the red flags with this broker. Thanks to our years of trading experience, we know how to spot a scam from a mile away. And this is what makes the Crypto trading world safe, by exposing rogue online platforms.
Looking at their homepage, it is clear why most newbies would fall for this trap. At first, they claim to be the official sponsors of Watford Football Team. Scam artists will post lies to simply entice investors into believing them. Watford Football Team is sponsored by Bitcoin, American Express, and other partners. Cryptos888 is not an official sponsor nor recognized by this football team. It turns out these scam artists are simply using the team to try and feign professionals in the industry.
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Disclaimer at the footer of the homepage GC Exchange Ltd is listed as the owner of this platform. What these scam artists have done is use a company which is dully registered as their owners. We looked at the FCA and it is clear these scam artists are using a real registered firm. Cryptos 888 has been flagged as a cloned website. Anonymity is all over their website as no name is given in regards to the founding members. Investors are depositing to an unknown third party.
Claims of being licensed by the FCA are unfounded as this regulatory body blacklists this website. Cryptos888 is not licensed or registered to provide any trading services. Most members find it hard to recover their funds as the broker breaks all the required rules. Downside of using an unlicensed entity is having no security for funds deposited. Another red flag we must raise pertains to the broker not posting any legal documents. Why have they just posted a used license number?
A real platform will post their license number as well as their copies of registration. Documents to prove this broker is licensed are not seen. Scam artists have used another licensed entity license and registration number as their own. And this is proof we are dealing with professional online scam artists. Dealing with any unlicensed entity only leads to more misery. Make sure to stay away from this platform as they are not dully licensed. And this is what investors should always look out for, licensed entities.
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Looking at their website, we could only find negative comments on the web. Members have been waiting for more than two months to withdraw their funds. Communication has also been a major issue as this broker blocks all phone calls. Account managers are only good when they are asking investors to make deposits. After making deposits, these account managers simply disappear. Scam artists also hire call centers as part of their plot to entice investors with professionals.
A huge problem with Cryptos888 is having no account types to offer. And it begs the question, how are members trading with this platform? A real broker will ensure they offer different account types for different classes of investors. Accounts also give users features of the platform. Investors are led to deposit different sums for trading with same account types.
Another problem with this broker is lack of proper information regarding deposit and withdrawal. Members we reached out to all had different account depositing methods. Withdrawal still remains a major issue as no one is able to withdraw funds. Cryptos888 is blocking all attempts to withdraw funds.
Demo accounts are used by platforms to give users an idea of what to expect. Cryptos 888 lacks any demo account which means investors go in blind without testing the platform. And this is where we draw the line with brokers who don’t offer a demo account. Make sure to go for platforms which offer demo accounts. Results of demo account should be realistic and profits not bloated.
Is it MT4, MT5, Sirix, or XStation? Make sure you sign up with platforms which have known platforms. A platform should also be safe and stable. Investors trade safely with platforms which are stable and not easily attacked by any third party.
After checking the number of members who are complaining, we are sure funds are not secure. Cryptos888 is not using the proper security features required by law. To add salt to injury, their website lacks the basic of security features. And this is proof we are dealing with a sleazy platform. Cryptos888 is pooling funds in one account which is risky. Members are depositing funds to owner’s bank account which is against set industry regulation.
Evidence clearly shows we are dealing with a rogue platform out to swindle unsuspecting investors. Cryptos888 is a scam which must be exposed by all parties. Ensure you resist all attempts by their marketing team to sign up. After receiving any emails, mark them as spam. Warn your family and friends from joining any of their affiliate programs. Those who have opened accounts should resist any calls to deposit more funds with this platform.
Adding this broker to our scam blacklist will ensure our readers are kept safe. Now you know what to expect with Cryptos 888.
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Wishing all investors a happy and prosperous trading period.
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