EpargneCrypto Review: A Deceitful Crypto Broker epargne-crypto.io
EpargneCrypto is a Crypto trading broker targeting France and claims to be from London, UK. Our epergne-crypto.io review exposes the risks associated with this platform.
Epargne Crypto is a new crypto trading brokerage which means it’s not proven yet. Despite running a marketing campaign, the platform still fails to offer meaningful or fair trading conditions to traders.
Furthermore, alarm bells rang after French Authorities issued a warning towards this platform. There’s no regulation in place and the people running it decided to remain anonymous. Here’s our candid Epargne Crypto review.
About EpargneCrypto
The broker claims to be a true liquidity provider offering investors the best trading conditions. Our epargne-crypto.io review exposes why this statement is far from the truth. There’s no fair trading condition available if the platform is anonymous.
Anonymity is one of the key reasons that drive investors away from any platform. And this is especially the case when the platform in question is not exclusively regulated. We have a defunct crypto trading platform whose withdrawal options are questionable.
Despite claiming to offer low spreads, the platform’s only appeal is the blatant claim of being the best. We wonder why a London-based crypto liquidity provider would be targeting the French trading community.
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And so, we did a little digging to try and find out what makes Epargne Crypto worth your time. Our review of EpargneCrypto seems to offer nothing but a ridiculous investment ruse for crypto trading.
Security of funds is one of the biggest liability with an unregulated platform. Just as the platform popped up, we don’t know when or whether the platform will last the next couple of months. And that’s a risk not worth taking for newbies or seasoned traders.
Speaking of newbies, Epargne Crypto is targeting new crypto enthusiasts with over-the-moon claims. Let’s take a closer look at what this liquidity provider offers and whether it’s worth your time as a crypto trader.
Available trading instruments
When it comes to providing traders with liquidity, EpargneCrypto is not shying away. We’ve got a platform claiming to offer several trading assets under its purview. These include Bonds, Derivatives, ETFs, Funds, Futures, and options.
The broker claims to offer CFDs in form of commodities, currencies, indices, and stocks. You get a compelling broker promising competitive trading conditions especially when trading volatile assets such as Crypto.
Assets under Cryptocurrencies
Epargne Crypto offers over 35 cryptos and promising a benefit of Swiss safety. We see the same words repeated all over the crypto assets page. Other crypto services available includes an educational program for newbies.
Whether this is an inclusive or paid educational program remains unclear. What we do know is that some of the materials found are straight from YouTube channels. You can easily download some of the tutorials for free.
There’s also the crypto institutional service offer with claims of having a strong regulatory framework. We see a broker keen on targeting institutions for crypto trading and investing. Its clear EpargneCrypto is not only targeting retail clients but, institutional clients as well.
Contact and support epargne-crypto.ai
One of the many disadvantages of dealing with EpargneCrypto is failure to offer live support. In fact, we haven’t received any feedback from several queries sent via email. The support page is devoid of any direct link to the broker.
With a phone number that’s not from the UK, we see a broker that seems to use reboot website. And this is likely going to defraud investors with their lack of proper engagements. Here’s why you need to stay away from the platform.
Customers, especially newbies need attention and support. A genuine broker offers unwavering support to clients using emails or live chat. Even the listed phone number rarely goes through with no answer.
Deposit and withdrawal channels Epargne Crypto
There are several deposit options available on the platform. These include both Crypto and FIAT deposit options which offer instant deposit services. What’s funny is that the website lacks any information on deposit and withdrawals.
Investors have to open an account first to learn the available funding options. Withdrawing funds with Epargne Crypto remains the biggest challenge facing investors. We’ve got a broker failing to offer much in terms of authenticity.
Time taken to withdraw funds or whether the broker does release payouts in time remains an issue. All the comments seen hailing the platform are from the educational tools available, none from withdrawal experience.
And this raises more questions on whether epargne-crypto.io is a reliable or conducive investment project. You need to steer clear of this platform or risk losing everything. Without proof of withdrawal, there’s more doubt on the credibility of the broker.
EpargneCrypto Trading Accounts
EpargneCrypto is offering five trading accounts for different classes of traders. These accounts include Basic, Bronze, Silver, Gold, and Platinum. What caught us off-guard was the acceptable minimum deposit for the basic standard account.
Newbies are to deposit a minimum of $5,000 with the basic account. How can this be possible with some of the renowned brokers offering a minimum deposit of $10? With the platinum account, there’s a minimum deposit of $100,000 required.
There’s no special feature on these accounts as leverage starts from 0 with the basic account. Platinum account holders get leverage of 200 and a contract size 1 lot = 100,000. Members also get a promise of accessing over 1,500 trading assets.
Fund Safety Epargne Crypto
Your funds are not safe from a platform failing to employ leading encryption technology. It opens members to third party hacks especially during the transaction phase of the brokerage. There’s no DDoS Protection or SSL encryption available.
We also don’t see a broker vested in assuring investors of their funds using segregated accounts. We strongly believe the broker is putting all funds in a single personal bank which is risky. There’s no telling what he’ll do with the platform.
Is epargne-crypto.io legit or a high-risk crypto broker?
From what we’ve seen, EpargneCrypto is a high-risk investment trading platform for obvious reasons. Starting with the warning from French Authorities, it’s best to steer clear from unregulated brokers as well.
Without any form of license or regulatory authority, we’ve got a platform not a keen to offering safe trading conditions. There isn’t any insurance deposit made to protect funds from investors. In the event of bankruptcy, investors will lose everything.
Referral and Affiliate program
We wouldn’t recommend joining their referral or affiliate program seeing the risks involved. The platform doesn’t promise any payouts or even support thereafter. Furthermore, you’ll be directing investors to sign up with an unregulated crypto trading platform.
Trading Platform epargnecrypto
One of the only formidable aspect of EpargneCrypto is the MT4 trading terminal available. Traders get to use a world-class trading platform that’s exceptional and offers realistic profit margins.
Why Epargne Crypto is a risky crypto broker
Lack of transparency and failure to protect fund safety are the two main reasons to avoid the platform. There’s also the warning from French authorities regarding the risk of joining this unregulated entity.
Verdict EpargneCrypto
After checking the broker’s features and risks, we recommend you stay away from the platform. EpargneCrypto is a risky crypto trading platform targeting naïve traders in France and Europe at large.
Instead of risking funds with unregulated brokers, you should join the best liquidity providers regulated all over the world.
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