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In this review of the Cryptosky.club, we will prove that there can be many problems with this Crypto investment program. Cryptosky does not make any effort to prove that their service is worthwhile of any investment. There is no difference between this digital currencies fund and other dubious funds that we have reviewed here before.
The investment fund is claiming that if you purchase any of their plans, they will trade Cryptocurrencies on your behalf and hand over the profits to you at the end of the day. Profits can allegedly be withdrawn daily.
At the moment, Cryptosky is just a place where investors can allegedly purchase plans so that ”experienced” traders can multiply their deposits for profit.
Later on, Cryptosky says that they will introduce a new coin known as Excoin, a new exchange known as MyExchange and also Crypto mining. They actually claim that this is a complete ecosystem within the Cryptocurrency space.
However, we have not been able to establish any unique product offered here. Like we said earlier, there is no difference between this investment program and many others which have been hawked on the internet towards the end of 2017.
Cryptosky has a couple of investment plans namely Bronze, Silver, Gold and Platinum.
Monthly returns can allegedly hit 15.2%. Also, when you refer investors to this project, the website says that you will be compensated another 10%.
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After all this, one has to ask themselves. Is Cryptosky really a good opportunity for those who want to make extra money on the side?
Note: Trade Cryptos with these robots.
It doesn’t matter how shiny this investment website looks like. We have already identified several red flags which we are not yet ready to ignore at the moment. If these red flags are anything to go by, then we can confidently say that people should avoid Cryptosky at all cost.
As it currently stands, this platform is supposed to be a hedge fund, right? You deposit some money in Bitcoin so that they can invest it for your sake.
But if it’s a hedge fund, that means it has to be licensed by the FCA in order to legally run a hedge fund on the internet.
FCA is entrusted with the task of regulating such activities. And now that Cryptosky is based out of the UK, they should definitely have this licensing in place.
Now, one might argue that this is Cryptocurrencies and Cryptos aren’t regulated yet. However, our take is that it shouldn’t matter. As long as people are collecting money with the intent or trading altcoins or mining it, it should fall into the category of businesses that are highly regulated. The issue has to be with collecting member deposits. That alone makes it qualify for these regulations.
For that reason, we see that this is an illegal service. The website does not show us any licensing information. But they claim that if you pay them some money in the form of buying a plan, they will multiply it through trading and later on through various activities which they plan to implement on this platform.
The other thing is that this website is claiming to have backing from a company known as Finance & Crypto Solution Services Ltd. Actually, this is the company that is allegedly behind this investment project.
Obviously this company has a tax registration since they are registered in the UK. However, this does not mean that their services are legitimate. As we have said several times, tax information doesn’t necessarily mean that an investment program is legal.
Let’s review the people who have been behind this company. According to some information which we stumbled across on the internet, Lee Christopher Gilburt was the first director of this company and has also been involved with some other 900 companies in total.
On the other hand, Form Online Ltd assumes the role of secretary, a company which has allegedly been involved with 760 companies in total.
We find this information dubious and not convincing. It makes us want to think that this investment website really has no real plans to offer.
The information which we mentioned concerning the companies that this director has dealt with cannot be verified.
We do not know whether to think that this is a lie or not. However, from the look of things, we’d better stick on the safer side, which is to say that this information is not accurate at all. So they are lying.
In our opinion, Cryptosky doesn’t have any real plans in which their business is based on. But they’d like to claim otherwise, which we find very suspicious because no satisfactory explanation has ever been given up to now.
At this point, we should make it clear that this company has not published any proof showing whether investors have earned with them or not.
Maybe they are still new in this business and haven’t found any investor yet. But that is also very unlikely given that Cryptosky has mounted a very powerful promotion campaign aimed at popularizing it and bringing in more customers through their doors.
The proclaimed 15% per month return on investment is completely achievable. The problem is that Cryptosky has never shown any proof of their trading activities. Instead, they tell us that their professional traders with massive experience are responsible for the positive returns which this company has realized since it was launched.
The question is, who exactly are these anonymous professional traders? Why haven’t they been introduced by name and pictures for easy verification purposes? Look, these guys don’t even have LinkedIn profiles. Their biographies are a big secret. That makes Cryptosky a highly suspicious investment project.
The other thing that makes this website more of a ponzi scheme than a genuine hedge fund is that they have a deep referral program in place.
The words” referral program” and hedge fund does not fit in one sentence. Unless we are talking about a scam, there is no way a legit hedge fund can integrate a referral system on their website. Hedge funds usually stick to their line of business, which is to trade customer deposits. But before they can do so, they will offer sufficient proof to show their previous trading activities. That evidence justifies their activities and whether or not they qualify to be called genuine hedge fund website.
As it is, Cryptosky has done nothing to convince us that they are a genuine investment project where real trading business is pursued.
They’ve failed to prove it with trading statements. Apart from that, they’ve kept their so-called traders a secret game, which makes it even more suspicious.
What we are implying here is that Cryptosky could be a deadly ponzi scheme which will ultimately collapse and run away with people’s money.
Considering the many red flags above, one cannot say for sure that their money will be safe with this website. There is no guarantee at all.
The best thing you can do for yourself is to avoid such websites if you can. Here, we work with facts and evidence as opposed to claims. Unless trading statements have been presented and FCA licensing obtained, we cannot endorse Cryptosky.
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