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Tradecryptomasters Review
🔴 Tradecryptomasters services are questionable – a warning sign!
🔴 Tradecryptomasters isn’t licensed – a red flag!
🔴 Tradecryptomasters isn’t transparent – a red flag!
🔴 Tradecryptomasters creates unrealistic expectations – a red flag!
What is Tradecryptomasters?
Tradecryptomasters is an unregulated investment platform similar to h-bex.com, which we reviewed earlier. Problem with unregulated investment platforms is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection.
Tradecryptomasters Regulation
Tradecryptomasters is unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from Tradecryptomasters!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known investment platform, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Tradecryptomasters Complaints
Depending on the amount of experience people have with investment platforms, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of you may not be aware that a platform is problematic before you already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Tradecryptomasters Products and Services
Tradecryptomasters is not safe, and we say so because it’s an unregulated investment platform – these schemes are never secure. They always promise things they won’t deliver, and Tradecryptomasters makes no exception – they claim that customers can earn big money, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Tradecryptomasters is a suspected scam you should avoid! Beware!
Tradecryptomasters Customer Support
Tradecryptomasters allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Tradecryptomasters?
With such lack of information and Tradecryptomasters being unregulated, funds are not safe. Security of funds is a huge problem with unregulated investment platforms. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
They does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Tradecryptomasters Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Tradecryptomasters is doing any of these things to avoid releasing your funds, contact our experts today.
Tradecryptomasters Review: our Conclusion!
Tradecryptomasters is an unregulated platform to avoid. Their method for investment is unreliable. Unregulated investment scams, in particular, are usually operated anonymously. Sooner or later, the service will inevitably close. They usually target traders and investors with little or no experience by promising fictitious investment opportunities. You’d better stay far away from unregulated entities and trade with regulated platforms only.
There is also the insolvency protections that unregulated platforms does not have access if they go bust.
Platforms who are not registered with or regulated by a regulatory organization are considered unregulated. Because they are not subject to any laws or restrictions imposed by financial regulatory organizations, they are free to trade as they see fit. Choosing an unlicensed platform comes with its own set of disadvantages.
If you have been scammed, leave a comment or if you wish to arrange a free consultation, feel free to submit your complaint by clicking the button bellow.
ℹ️ Tradecryptomasters Details
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🖥️ Website URL : www.tradecryptomasters.com
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👮 Regulation : Unregulated Investment Company
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🧭 Headquarters : N/A
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🏧 Minimum Deposit : $250
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⚖️ Leverage : 1:200
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🚨 20/09/2023 : Alberta Securities Commission (ASC) Warned Against TradeCryptoMasters
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🚨 10/11/2023 : FCA Warned Against TradeCryptoMasters
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🚨 15/02/2024 : British Columbia Securities Commission Warned Against TradeCryptoMasters
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🚨 25/03/2024 : Ontario Securities Commission (OSC) Warned Against TradeCryptoMasters
⚠️ Tradecryptomasters not paying? Share your experience and get help
📋 Fill out the form here and get a free consultation today.
BEWARE – Scam site.
I considered taking a chance even in spite of the red flags, but after looking at all the reviews everywhere, and speaking with the “agents” they exposed themselves by the manner in which they communicate. Ask too many questions, and they will get angry, insulting, and want to move on to another sucker who will just hand over a minimum deposit. Getting the first deposit is the first step… then they will manipulate the system to show returns, get you excited, and then pressure you to put more money in, which is what they are after in the first place. It’s a system which looks legit, but being run by fraudsters. They follow a script and use all the tricks like limited “spots”, “bonus” dollars added as incentive to start, and an obvious fake office audio track playing in the background, I spent a couple hours with different people, all of them are playing a role in screwing you out of your money, they will eventually get angry when you corner them, and their office in the UK does not exist.
They will continue to call to try and find another angle to play …
I even spent hours on the phone with them playing along, and they exposed themselves easily. They have a script to follow but aren’t capable of handling someone who keeps asking questions, they use typical shady sales tactics to coax you, and cannot answer the most simple questions regarding their business – BEWARE EVERYONE, I was lucky but there is absolutely no doubt this is a scam, hidden behind a software platform with professional fraudsters fishing for suckers who will hand over the credit card info and take you for a ride.
Sept 11 Update – They called back twice again this morning, once to try and start over as if they hadn’t already spoke with me, and then the other guy who I called out Friday called back to try and insult me by saying my wife was “cheating on me”, and then hung up. They must have got a little salty that I called them out on their SCAM, and now want to attempt to harass me, which I find to be hilarious. “Liam” is the guy who just called. These guys are immigrants who are all criminals. I’m going to keep posting everywhere I can to keep exposing these fools to ensure nobody parts with their money. Have fun with that “Liam” !
Sept 13 Update:
The calls still come everyday, (its been a week since I contacted them initially) … sometimes twice, all of them from different numbers using an internet connection. They somehow believe that by trying to harass you, that will either convince you that they are legit, or to intimidate you into not posting fraud/scam warnings online. Either way I find it amusing, since they are just outing themselves further. All of them are Indian, which makes sense since they are likely calling from a scam chop shop in India like so many of them working the Paypal/Amazon/Geek Squad scams with gift cards. I’ve been in contact with a few popular Scambusters on YouTube who will be dealing with these guys real soon.
Sept 14.
They call again repeatedly, and even hang up on you when they pick up. You can’t call back because they are using internet based phone lines (of course), and most of them can’t speak proper English, in fact, you can tell they know absolutely nothing about the industry they purport to be in. They follow the same script depending on who is calling, each time trying to persuade you to give them your money. Even when you call them out on their obvious scam, they keep your phone number on a list to keep calling, as if that will make a difference. They are the lowest level of scumbags on the planet, but it’s just a matter of time before they are caught now. There is a lot of chatter on social media and other known scam-buster websites about them.
Sept 18 Update.
They continue to call and act as thought they are now calling from another trading platform called CMC Markets, which is a legit business but not theirs. These guys are all crooked.
Sept 21 Update.
They tried calling me again twice on the same day, was working no time for these scammers. The last time “liam” called he said “everyday … I’m calling you”, as if that’s supposed to be some sort of threat to harass. Do not believe any of the positive reviews on this site, as well as others, they had their own guys put in generic reviews to trick you into believing there are real people out there that are doing business with them, and there is no chance of that. It’s a total scam shop, and if you are foolish enough to give them $359.00 to start you will learn the hard way.