Cryptostadt Review: An Old Crypto Ponzi Scheme

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Cryptostadt
  • Regulation
  • Fund Safety
0.5

Summary

Cryptostadt claims it has a dedicated support team that operates around the clock to resolve customers’ queries. Investors can either reach them by email or phone. The scheme uses false contact details. 

Cryptostadt assures investors of access to tailor-made accounts that will increase their capital. All you have to do is choose them and open a trading account. The platform promises fund safety. Investors’ funds are allegedly protected by industry-leading security protocols.

Cryptostadt Review, Cryptostadt Company

The only way a broker can protect investors’ money is by acquiring a license. Alternatively, they can work with reputable top-tier 1 financial institutions to segregate their personal account from traders’ accounts.

 Unfortunately, Cryptostadt is working independently. The possibility of losing all your savings is extremely high. Ensure you perform a thorough background check to avoid dealing with rogue entities. In the meantime, you can check out these reputable crypto companies endorsed by investors.

Cryptostadt.co Review 

The suspicious platform guarantees a fixed return to customers. They attribute their success to their expert analytic team. Investors are rest assured they are dealing with experts. Sadly, this is only a marketing strategy. Due to market volatility, it is impossible to determine whether you are going to make a profit or a loss.

Cryptostadt claims it has a dedicated support team that operates around the clock to resolve customers’ queries. Investors can either reach them by email or phone. The scheme uses false contact details. 

They allege to be operating in the United Kingdom. However, the actual location of the platform is at the Saint Vincent and the Grenadines. It is unprofessional to deceive potential customers by faking such minor details.

Cryptostadt Trading Conditions and Accounts 

Cryptostadt features four trading accounts. The minimum acceptable deposit ranges from $250 to $5,000. The amount is outrageous considering they have no investment taking place. The basic package offers three trading educational sessions and over 100 tradable assets.

Cryptostadt.co Review , Cryptostadt.co Features

The bronze package has an additional 3 VIP signals, a free and fast withdrawal process, and 10 trading educational sessions with senior analysts. The silver plan has unlimited educational opportunities, over 200 tradable assets, 5 VIP signals, and five free withdrawals. The only advantage of choosing a gold account is you get 10 free withdrawals on top of what to get on the silver package.

Cryptostadt offers a spread of 0.2 pips. It is a tight spread but the firm doesn’t mention anything about commission. They offer a leverage of 1:400. The cap is hazardous and above what the financial bodies approved. In the UK and EU in general brokers can only offer leverage of 1:30.

Withdrawal and Deposits 

Cryptostadt is accepting funds via cryptocurrency. The option limits investors from issuing chargebacks or identifying the identity of the wallet holders. The minimum amount investors can withdraw is $50 with a fee of $30. 

This is a dangerous Ponzi scheme that is only after investors cash. Legitimate brokers allow clients to enjoy free withdrawals. The scheme entices customers with fat bonuses. Unfortunately, you cannot cash out without fulfilling an absurd trade volume.

Cryptostadt Regulation Status 

The Financial Service Authority (FSA) is the regulatory body of Saint Vincent and the Grenadines. The body does not oversee the trading activities of investment schemes. Therefore, any entity operating in the area is doing so without any supervision. 

Luckily, Cryptostadt is a flagged broker. German regulatory body BaFin has blacklisted the entity for illegally targeting its citizen. Investing in an exposed scam is a blind decision since you are assured your money will be lost.

Final Verdict

Cryptostadt is an anonymous crypto broker targeting novice investors. Avoid dealing with the suspicious entity to avoid losing funds. This is an exposed Ponzi scheme that will soon exit the market. 

There are genuine and trustworthy crypto companies with ideal trading conditions. You get to earn passive income while enjoying fund safety.

 

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