Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Cryptrader

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://cryptrader.io

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Germany 2.58

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+35956598736
support@cryptrader.io
https://cryptrader.io

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Cryptrader also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

GTC

8.15
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4/5 full license
Official website

Cryptrader · Company Summary

Since this brokers official site is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from other related reviews.

General Information

Cryptrader is allegedly a Saint Vincent and the Grenadines-based cryptocurrency broker, claiming that it provides its clients with an intuitive, powerful and advanced web-based trading software, as well as 70+ crypto CFDs with low spreads to trade and decent leverage as high as 1:40,

Market Instruments

Cryptrader offers cryptocurrency trading instruments only. Some other trading assets like stock, indices, commodities and precious metals are not available.

Account Types

The minimum initial deposit for the Basic account is $250. Apart from the Basic account, Cryptrader offers five more account types – Silver, Gold, VIP, Diamond and Black Diamond with the minimum deposit requirements of $10,000, $25,000, $100,000, $500,000 and 1 million respectively. As for the clients of the Black Diamond accounts, they will receive limitless service and speak with the Black Diamond Account Managers for more details.

Leverage

The maximum leverage is affected by what type of accounts you are holding. The clients of the Basic account enjoy the leverage ratio of 1:10, the Silver account with 1:20, the Gold account with 1:30, the VIP and Diamond account with 1:40, as well as the Black Diamond account about which no direct information is given. Attention that too high leverage is not always beneficial for traders due to its consistent gains and losses.

Spreads & Commissions

The only information we can get from the Internet is the BTC/USDT Buy/Sell difference is floating around 340 points. No more other detailed information about spreads and commissions is involved.

Trading Platform Available

Cryptrader claims that it provides a powerful, flexible and reliable trading platform. Actually, it is just a web-based software. Compare to well-known MetaTrader4 and MetaTrader5, it lacks enough indicators and efficient tools.

Deposit & Withdrawal

Cryptrader says to accept payment via Credit/Debit cards like VISA and MasterCard, Wire Transfers and Bitcoin. The minimum deposit at Cryptrader is $250 while the minimum withdrawal is said to be $10. Cryptrader claims that withdrawals of less than $1000 are free of charge. However, there will be an inevitable fee of $30 per transfer if the account is profitable. Besides, accounts with a balance of more than $5000 will have to pay $50 per withdrawal. Cryptrader also gives some bonuses, but if traders accept bonuses, they need to reach a “Leverage Amount” traded- 20 000 times the bonus. If traders fail to meet this requirement, they have to pay another 20% in withdrawal fees.

Fees

According to the clauses shown on Cryptraders site, it also receives some inactivity fees. An account becomes dormant after 60 days of inactivity and will be charged 10%/100 currency units, the trader will have to pay the higher one.

Customer Support

Cryptrader‘s customer support can be reached through telephone: +35956598736, email: support@cryptrader.io. However, this broker doesn’t provide any more direct contact information about company address while most brokers offer.

Broker Information

Company Name

Modular One LLC

Company Abbreviation

Cryptrader

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company
  • +35956598736

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@cryptrader.io

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

君君
more than one year
I once traded with Cryptrader for a period of time in 2021. At that time, my trading experience was not bad and I successfully made a profit. After that, I also recommended this company to others on social medias. So I'm very surprised to see it closed now. I don't want to believe this is a scam company.
2023-03-16 16:27
Reply
0
0
何生(He guoli)
more than one year
Cryptrader is selling their own domains, I don't know if this company is a scammer, because I haven't seen anyone claiming to be scammed so far. I hope everyone can stay vigilant in forex!
2023-03-13 18:31
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com