|Country:||St. Vincent and the Grenadines|
|Operating Since (Year):||-|
|Address:||Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines|
|Broker status:||Not Regulated|
|Other trading instruments:||No|
|Minimum deposit ($):||$250|
- General Information
- Regulations and Licensing
- Account Types
- Assets and Trading Instruments
CrypTechs Review – pure scam
Can you trust CrypTechs with your investments and hope for the best? Well, lets look at what they can offer.
Firstly, we can start by looking at their website. The broker is in Saint Vincent and the Grenadines, specifically at Beachmont Kingstown. From previous reviews, CrypTechs provides the same exact address as another scam broker that we have written a review for. From the looks of it, CrypTechs does not look very dependable. The site looks like it was constructed very mindlessly and quickly. From our previous research of other brokers, it seems that CrypTechs scammers just copy and paste information from others and are acting like its their own.
They seem to have no idea what an actual brokerage entails and are not even trying to pretend to be reliable. The website does not disclose any sort of authentic information that can reassure traders that this site is trustworthy.
CrypTechs Regulations and Licenses – Do They Exist?
So the main question is how is CrypTechs regulated? It is always important to know the exact regulator of a broker. This sort of vital information can really make or break a broker. Our CrypTechs review can help traders understand more about the broker’s regulators. With the right regulator, traders can go from being suspicious to completely putting their trust in a broker.
However, CrypTechs is not one of those brokers. They are the complete opposite. In reality, they do not even have a regulator. That is an enormous red flag. Like other scamming brokers, they claim to follow the AML and KYC policies. However, that is not anything reassuring. In fact, it is the opposite. This just proves that they do not want to be held reliable for any issues. CrypTechs scammers can avoid any real criticism and disapproval by refraining from working with an actual regulator. In this case, it is very unlikely that you will be insured. It is likely that you will get conned.
The account types are not so bad when you look at them briefly. The broker offers four accounts such as the Basic, Silver, Gold and the VIP. But it seems that their priorities are not correct. This is clear from the details provided for the account types. If you look at the VIP package you will notice something very alarming. The minimum deposit is $50000 but the advantages provided are worse than the Silver and Gold accounts. Our CrypTechs review wants to show traders the real colours of brokers.
- Minimum deposit: $200-3000
- Education: Three sessions
- Assets: 100+
- Minimum deposit: $3000-10000
- Education: Unlimited sessions
- Assets: 200+
- Signals: Five VIP
- Withdrawals: Five free
- Minimum deposit: $10000-50000
- Education: Limitless sessions
- Assets: 200+
- Signals: Five VIP weekly
- Withdrawals: Ten free
- Minimum deposit: $50000+
- Education: 10 sessions
- Assets: 100+
- Signals: Three VIP weekly
- Withdrawals: 1st free
So why is this information so worrisome? Well, it is likely that the CrypTechs broker does not really care much about their clients. In fact, they just want people to deposit the most amount of money they ask for, and then will prove they are CrypTechs scammers. Otherwise, their VIP package would be more adequate and would take into consideration that the more their traders pay, the more benefits they should receive. However, CrypTechs aims to make as much money as they can of new traders and run. Be incredibly careful if you decide to work with CrypTechs. In reality, we recommend that you stay far away from them and find another broker to work with.
Assets and Trading Instruments with CrypTechs
CrypTechs offers trading platforms on both desktops and mobile devices. Unlike many brokers who are often partnered with MT4 and MT5 trading platforms to provide the best experience for their traders, CrypTechs is slacking. This CrypTechs.com review must emphasize that they have their own application that you can trade from. While this may seem advanced at first, it is important to know this is actually not a good sign. The fact that they are not working with credible trading platforms and are asking for serious deposits shows that they are scamming vulnerable traders.
Now, let’s move on the assets. CrypTechs lists five types of assets on their page which include commodities, stocks, forex, indices, and cryptocurrency. They offer insanely vague descriptions of their assets that can be found anywhere on the internet. The CrypTechs scammers just took random information about these assets to create the illusion that they know what they are doing. However, the warning signs just get bigger. Because they do not provide any sort of tailored information. They don’t list any specific assets that they trade, because there are likely no assets. They are using their empty descriptions to lure in unskilled traders who want to improve their skills and make some money. This can leave people hope that they will gain something from their deposits. But we are sorry to say that this broker will be nothing more than a disappointment. They likely have no asset managers who will help you learn the trade and move forward in your trading career. So in this CrypTechs review, we urge you to leave CrypTechs behind and find a broker who can actually get you to where you want to be.
CrypTechs Review Conclusion
By now, it must be pretty self-explanatory. CrypTechs is not a broker you want to spend any time on or invest with. They will leave you hanging, stripping you of the hard-earned money that you saved for further investments. It is very imperative that you are careful and take this review into serious consideration before moving forward with them. There are so many other reputable brokers that you can invest with and will end up satisfied with. Take our word for this one, and continue your journey of finding the right broker.