CrypTechs Review: CrypTechs.io Avoid this Ponzi Scheme!
CrypTechs claim that it’s a profitable investment company that uses technology. The platform is allegedly trading popular currencies. They are trading forex, commodities, stocks, and cryptocurrencies. The main problem with this broker is an offshore firm.
Therefore, it does not offer fund safety to investors. The platform is operating on its own accord. No one knows its real location meaning investors cannot go after them. The shady broker claims that traders will enjoy a diverse investment portfolio.
CrypTechs has over 250 tradable assets at the disposal of its customers. Moreover, the company states that their trading activity is risk-free. The investments which this broker deals with are highly volatile. You cannot predict the returns which you will generate.
Nonetheless, this platform promises traders high earnings. It projects a monthly return of 45% to investors. The figures are to attract traders. You will never generate such profits in such a short duration. It leaves us wondering which the technique which the broker is using.
They brag of utilizing the latest technology in the market. However, the platform does not have a sign of conducting any form of investment. They are only after clients funds which is a big shame. Those who trust them will only regret in the end.
CrypTechs.io Review
CrypTechs is one of the scams which insinuates digital currency investment is a financial breakthrough. The misconception has made several traders lose funds. Hence, the public end up viewing cryptos trading and mining as a way of defrauding them.
However, when you use legit cryptocurrency trading companies in the market, you will earn profits. Keep in mind that you cannot become rich overnight, just like the traditional method you need to be patient. Normalize performing research before trying out a platform.
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Multiple con artists in the market have perfected their scamming tactics. If you are not keen, you can lose all your earnings in a minute. CrypTechs claims it has professional who assist their customers in making the right decision.
Their team allegedly provides traders with the best services. Unfortunately, it isn't easy to verify the statement of this broker. Their experts are operating anonymously. Additionally, the company fails to credit them by publishing their achievement.
CrypTechs is a platform that has lucrative offers for traders. Moreover, the firm speaks boldly about its achievement. Unfortunately, this is not a trustworthy broker. They will exit the market anytime without the knowledge of their clients.
How CrypTechs Operates
The platform views itself as the perfect investment venture for clients. They are accepting clients from all over the globe. The company guarantees traders full control of their investment services. They have a mobile application for their clients.
The entity claims that it has advanced trading tools. Therefore, the company can yield high returns. Investors can also execute trade efficiently. The company being a scam, will never allow investors to cash out their money. The website is a clone of other fraudulent entities in the industry.
Trading Conditions
The platform has a demo account. The minimum amount which you can deposit at CrypTechs is $250. The reality is that you will never earn a penny with this broker. The platform provides investors with a leverage cap of 1:200. Their spread is 1 pip.
The firm is using Activ8 trading platform. The interface has its benefits and disadvantages. Nonetheless, it cannot match the MT4. The entity is not a trustworthy broker, and you should stay away from them.
CrypTechs Withdrawal and Deposit
CrypTechs uses a strange payment method known as NasPay. Withdrawing funds from this entity will be a nightmare. The company withdrawal means contradicts everything. The confusion which the firm creates is familiar with scammers.
The platform charges investors’ withdrawal fee. Additionally, the amount is high, depending on the withdrawal method that you choose. Investors can only cash out the least amount of $250 for bank transfers. For other payment methods, the amount is $100.
The withdrawal requests take 4 up to 7 days. CrypTechs has a trading bonus which you must meet strange requirements before trading. They charge a monthly fee of 10% to an account that has been dormant for a period of 6 months.
All the claims and accusation issued to this broker becomes absolute after 12 months. The company is trying to cover its shortcomings and red flags with this broker. The entity is a Ponzi scheme that is not hiding this fact.
Contact Details
The location of this company is in St Vincent and Grenadines. The area is infamous for having hosting scammers. You can reach the platform via email or telephone number. However, this being a fraudulent firm, there is a high likelihood of them treating investors unprofessionally.
Scammers feature false address to limit investors from tracking them down. CrypTechs is a shady platform that does not care about liberating any trader. Invest in a company that has excellent customer support services.
Regulation Status
CrypTechs is not regulated by ant financial body in the market. The government of SVG does not license online investment venture. Therefore, this country is a safe haven for Ponzi schemes firms. Why would anyone trust an entity that does not offer fund safety?
You will wake up one day to find the firm has already exited the industry. The promises which this broker makes are broad and vague. You will not earn a penny from them. They only care about the money which you cash in and whether you are naïve enough to give them more.
CrypTechs is only looking after its own needs. The venture brag of having the best trading platform. However, they do not provide fund safety to their clients. The broker does not segregate investors’ funds.
Additionally, you will not be compensated once they disappear. The financial watchdogs have warned traders against dealing with unlicensed companies. Invest with regulated brokers as they follow strict guidelines set by the authority.
Client Feedback
Despite having favourable trading offers, CrypTechs does not have existing client feedback. Nobody recommends this scam to the public. The entity has a low trust score, and their domain is shady. The investment venture is only after clients funds.
We do not recommend this new infamous entity to traders. They are targeting novice traders who lack adequate knowledge of the industry. Do not invest blindly because you will only lose funds. If you research an investment firm, you get an insight into the venture.
Traders leave valuable information to help fellow investors. CrypTechs is not a trustworthy broker. Their domain is only registered for a period of one year. Therefore, the firm has no intention of being around in the future.
Final Verdict
CrypTechs brags that it is a leading broker dealing with multiple assets in the market. The platform is to no good. It is unregulated, and we haven’t seen any trader who has earned using this entity.
Avoid a broker that lacks credibility with attractive offers. Investment is all about the statics, and if there are none, then the firm is bluffing. Trusting an offshore broker leads to futile results. There are better ways to invest your money.
Invest with legit crypto trading companies that are reliable and trustworthy. Additionally, you will earn real returns in a realistic timeframe. Additionally, your safety is guaranteed in this investment venture.