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CryptosWorld is one of the worst companies to invest in. We have a lot of evidence to show that this is nothing but a scam operation. The founders are working very hard to prove their legitimacy. They are using falsified regulation information and lies. Moreover, the regulation information this company presents belongs to another company.
This company checks every mark of a scam company. Nothing good can come from this firm. The founders are only in the market to steal people’s funds. Investing here will be like burning your money in a fire pit.
Furthermore, this company has only been in the market for a few months. It certainly does not belong among the best forex brokers in the market. For your own good, invest only in companies with years of experience in the market. Only such companies can help you keep your money safe as you invest.
Meanwhile, here is our review of this terrible forex broker.
This company’s website may make you believe that it is the best forex broker. CryptosWorld boasts of having over 140,000 clients from all over the world. The company claims that this is possible due to its cutting-edge trading platform.
Well, we looked at the trading software and were disappointed by what we found. The only thing available to clients is a web-trader that barely passes for a trading platform. It is not aesthetically pleasing and has little to no functionality.Â
Professional brokers know the value of trading software. That is why they will always avail the MT4 or the MT5 platforms. This is how we know that CryptosWorld is a phony. It has no business being in a market full of serious investors.
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Even worse, this company purports to provide trading education. These are amateurs with no idea what they are doing. You should not take trading education from such individuals. Furthermore, CryptosWorld does not even introduce us to any of its professional traders. You will not learn anything of value from these people.
Another trick this company uses to attract customers is promising things it cannot deliver. It promises access to a plethora of market assets. While this may be appealing, the trading software is broken and subpar. You will not enjoy trading any of these assets.
There are six main trading accounts to choose from on CryptosWorld.trade. These include the Basic, Professional, Premium, Superb, Deluxe, and VIP accounts. The company makes these accounts sound like the best things in the market. However, when you invest, you will get some of the worst trading conditions around.
First, each trade comes with a cost. Second, the leverage levels are unbelievably high. The company allows leverage levels up to 1:2000. This puts investors at a ton of risk. They may lose all their investment in a single trade. It is unbelievable to see such leverage levels in a company.
They are dangerous and illegal. That is why the UK caps leverage at 1:50 for retail traders. They do this to protect investors. Clearly, this company does not respect regulatory requirements. Additionally, you can tell that these people are not professionals.
Here, we have yet more evidence that this company is a scam operation. The only payment option here is Bitcoin deposits. Sadly, this is a payment method that scammers favor. They like it because it is easy to scam people this way. There are two reasons why this is true.
For starters, Bitcoin transactions are permanent. Therefore, it is impossible to recover your funds once you send them out. Secondly, cryptocurrency transactions are between abstract addresses. It is hard to associate these addresses with a person. As such, it is impossible to trace your funds once you send them out.
Do not trust these people with our money. They will disappear with it and you will never hear from them again.
It is very common for scam operations to conceal the identities of the founders. Therefore, we are not surprised that there are no names or faces on Cryptosworld.trade. The founders of this company are hiding from the public due to their illegal operations.
It is never a good idea to invest in anonymous people on the Internet. That is the beginning of a bad story. Furthermore, it only proves to us that these people are not professionals. Professional brokers will always identify the importance of being transparent with their identities.
The only good thing is that the company provides an address to its offices. However, this is not something to boast about. We still have to figure out whether CryptosWorld is in this location legitimately.
We were very excited to see that this company has a license and regulation section. We believed that we would find legitimate information about its regulatory status. To our surprise, the information on this page is completely fake. The company claims to have regulations from CySEC and it even provides a license number.Â
Well, it turns out that the license number the company uses belongs to another legitimate company. The company has already called out CryptosWorld for this. Things only got worse from here.
Seeing that the company operates in the United Kingdom, we had to confirm with the FCA. We looked on the FCA register for some regulatory information. What we found was a warning to investors against investing in the company. The company does not have a license. It is an illegal operation with anonymous founders.
Such a company cannot assure you of your funds’ safety. They do not have segregated accounts in Tier-1 banks. Furthermore, the payment option this company supports suggests that it will not return any money to investors.
CryptosWorld boasts of over 25 years in the market. However, we do not know how they expect people to believe this. The website Cryptosworld.trade only went live on the 10th of November 2020. Therefore, it has only been around for a little over six months. Those 25 years the company is talking about are a complete lie.
On top of this, the company presents fake awards to make investors trust them. Apparently, the company received the award for the best forex broker in 2019. But it was not even in existence then.
Evidently, these people are willing to use lies to attract customers. This is not a surprise seeing that the company is using another company’s regulatory information. These people have no morals. Run while you still can.
There is no reason why you should invest your money in this terrible company. The founders are anonymous and have no morals. They are presenting fake regulatory information to seem legit. In reality, they are on the FCA’s warning list. Additionally, the firm only accepts Bitcoins as a payment option.
There are too many red flags in one company. We have every reason to conclude that this is a scam operation. If you are looking to invest in the forex market, this is not the company for you. You are better off keeping your money to yourself.
Luckily, there are many regulated forex brokers in the market. Such companies have professionals behind them. They remain committed to servicing client investment needs. They will help protect your funds with no compromise.
Unfortunately, the broker is operating illegally.
The company is operating anonymously. Their real location remains unknown.
No. The company displays several red flags. Your information and money are at high risk.
No. The company being a scam will only respond when it is convenient for them.
No. There is no proof of payment from any of their customers.
Are the positive reviews online reliable?
No.
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