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Here’s another crypto trading platform facing a warning from regulators it’s Crypto Pro Expert. The platform faces a warning from CONSOB. Learn more on our detailed cryptoproexpert.com review.
Crypto Pro Expert fails in its attempt to lure investors; withdrawing from cryptoproexpert.com is impossible. And that’s why CONSON had to step in and issue a warning regarding the platform. The chances are that the platform is also selling your information to third parties. These are some of the risks that come with unregulated platforms. As a result, hundreds of investors have lost funds with the platform. Learn more in our clear CRYPTO PRO EXPERT REVIEW.
About Crypto Pro Expert
Crypto Pro Expert doesn’t mention the founding members, just as most scams. Instead, we get that a group of experts founded the platform. It’s where we start spotting red flags as we go through the platform.
There will be some recognition if the platform is booming as the owner paints it. The industry would know who owns the platform or runs it. Anonymity is a huge element that you shouldn’t overlook.
There’s no credible background or history with this platform. All we have is a platform that fails to give any information regarding the entire setup. You would expect to know when the platform started offering its services.
Knowing a platform’s background helps establish trust. Since there’s none, its clear transparency is an issue with the platform. Those who have invested with the platform are ruing the decision. There’s no one to help them recover funds.
Crypto Pro Expert claims to be the leader in all crypto and forex trading. Sadly, investing with the platform will make you lose your investment. The platform was designed to fool even skilled traders.
Experts recommend that you research a platform before signing up. Try and check whether the platform is legit in the eyes of the crypto and forex community. If not, you need to stay away from it.
Instead, you should invest in proven investment strategies enjoying the backing of the trading community. Then, go for robots that offer lucrative investment options. That way, you can invest knowing your investment is in safe hands.
Accounts Crypto Pro Expert
There are four trading accounts Crypto Pro Expert avails to investors. These include Standard, Professional, Business, and Business Plus. Each of these accounts comes with a different set of features.
Let’s take a closer look at each of the four accounts;
You have to make a minimum deposit of $250 to get started. The minimum lot size is 0.01 on all accounts, with the account holder not getting any support. Despite having account managers, standard account holders don’t get them.
For the professional account holder, there’s a minimum deposit of $10,000. In addition, the platform offers mobile and web trading options. There’s also a 30 percent deposit bonus available with this account.
Business account holders must deposit $30,000 to get started. You also get a 50 percent deposit bonus on your first deposit. Now that seems like an attractive option and is why most institutional investors signed up.
It’s the most exclusive account type, with members having to deposit $100,000. There’s a 100 percent deposit bonus with this account. You also get assigned an account manager and access to VIP events.
There are some glaring issues with these accounts, and one has to be the leverage. The platform fails to give investors the minimum acceptable leverage on available assets. And this provides the platform with a chance to change leverage as deemed necessary.
We see some members claiming to get maximum leverage of 500:1. Others claim the platform sets the maximum leverage at 300:1. At this point, it’s clear that the platform intends to put your trading position at risk.
Only professional traders can take advantage of high leverage. Regulators have stepped in to protect investors from high leverage. Most jurisdictions offer a maximum leverage of 1:100 to protect investors from high risks.
In the United States, retail traders enjoy maximum leverage of 50:1. As a result, the platform greatly benefits from losses incurred with high leverage. And that’s why we have to expose the platform’s risky features.
These managers are mere call agents who act as professionals. Their work is to convince members to deposit more funds. You get a call from them claiming to have a lucrative open position.
In most cases, the caller will insist that the position is only available for a limited time. The agent will claim you were chosen to make the position look attractive. Therefore, the spot is only available for a chosen few.
If you mistake sending more funds, the calls stop coming in. The account manager disappears as the platform replaces them with a new manager. Attempts to contact support regarding the issue will hit a wall.
The platform will send excuses as to why this manager is unavailable. That means sending emails claiming the account manager is on leave. Weeks will go past as the member will eventually give up and accept the outcome.
Assets and trading instruments cryptoproexpert.com
There are five classes of trading instruments available on the platform. These include commodities, cryptocurrency, forex, indices, and stocks. For example, you can trade commodities such as coffee, cotton, crude oil, etc.
Some of the listed cryptocurrencies include Bitcoin, Doge, Ethereum, Litecoin, and Ripple. These coins get paired against each other or significant currencies such as GBP and USD. In addition, there are over 2,000 ticker pairs available on the platform.
Forex trading plays a huge part in the platform’s overall activities. Some of the available trading pairs include those from leading pairs such as EUR/GBP, USD/GBP, etc. Sadly, the platform fails to mention the available leverage and spreads.
Indices help investors, especially day traders, make a living out of trading. Some notable indices include DAX, Dow Jones, NASDAQ, NIKKEI, S&P 500, etc. As a result, you get to trade on the world’s biggest market stage.
Stocks available are from leading companies from all over the world. In addition, it has one of the largest asset pools with over 5,000 tickers available. Thanks to an enormous stock asset, the platform attracts investors.
Bonuses on offer
For some investors, getting a 50 percent welcome bonus is great. In reality, the platform will only claim to offer such a high deposit to get members to invest more. You won’t get far with the platform as these bonuses are traps.
The platform will insist that you pay back the bonus amount to warrant withdrawal in full. Even if your account has sufficient balance to offset the bonus, the platform will insist on a new deposit.
Crypto Pro Expert is an anonymous crypto investment platform. It would be best to avoid anonymity due to the high risks involved. No one will protect you like the platform hides from regulators. Hiring recovery agents doesn’t help recover funds.
Compliance, License, and regulation Crypto Pro Expert
Crypto Pro Expert is not a regulated platform and faces a warning from CONSOB. The platform will attempt to steal from investors and even sell their information to third parties. That’s why we have to add it to our warning list.
Deposit and fund safety cryptoproexpert.com
Your funds are far from safe with a platform that fails to offer credible services. For example, the platform doesn’t segregate accounts or offer insurance cover for deposits. We have to expose this high-risk feature on the platform.
As indicated from the proof above, cryptoproexpert.com is a scam. So please stay away from it.
You can choose to use credible crypto trading robots. However, it would be best if you had these robots to stay ahead in the crypto trading world.
Feel free to drop a comment or email us with any queries.