With so many cryptocurrency trading platforms available these days, some traders find it hard to tell which one is legit and trusted and which is another scam broker. One of those controversial cryptocurrency trading brokers, which we’re about to review here, is Tradeallcrypto.com.
Let us start by saying that TradeAllCrypto is a cryptocurrencies trading platform that was founded by Market Solutions Ltd, a financial holding based in Kingstown, St. Vincent and the Grenadines (a southern Caribbean nation), which is the preferred location of many fraudulent brokers because of the weak legislation. This cryptocurrency broker has been in the trading market for over five years, with more than 150,000 registered traders.
TradeAllCyrpto is a CFD (contract for differences) trading platform, which offers its traders several platforms where they can trade a variety of trading assets such as cryptocurrencies, commodities, indices, and stocks. It is a relatively young company, but unfortunately, it is not as promising as it looks, and in this TradeAllCrypto review, we’ll reveal everything you need to know about it before making a risky decision.
Table of Contents
Is TradeAllCrypto a Scam?
A few indicators tell that TradeAllCrypto just might be a scam. First of all, it is not registered on any business page online. Second, there are almost no available reviews about this trading platform on the web. When you consider the fact that the company has been around for a few years now, it all sounds a bit too strange. Those are just a few red flags, but we haven’t got to the biggest ones yet, which made us suspect even more that TradeAllCrypto is not a legit CFD trading broker. So, without further ado – let’s start.
Not Enough Business Information
Allow us to expound on this red flag. In our research, we haven’t found accurate and clear information about the company’s owner/s. Although there is a disclosed address on TradeAllCrypto’s website, we can’t verify that it is real either. We think that the company might try to deliberately hide the relevant contact details to avoid any communication with financial regulatory organizations (or agencies). The company is based on the small southern Caribbean nation St. Vincent and the Grenadines, but it is not its feasible headquarters. Also, this nation is known for being a fertile ground for multiple fraudulent brokers due to its inadequate legislation. Aside from that, this CFD cryptocurrency broker doesn’t have any valid and reliable license to conduct their business, putting the users at risk of losing their money.
You would expect a so-called big trading broker to create a beautiful website packed with high-quality content, but that’s not the case with TradeAllCrypto. The website’s content is of low-quality. In fact, it looks like a duplicated template taken from other shady trading brokers. Many of the website’s pages don’t contain enough information and overall look like they haven’t been updated for a long time. Remember, cryptocurrencies are highly volatile, and brokers should keep up with the fast-paced changes to ensure they provide accurate information to their customers. Unfortunately, that doesn’t seem to be the case with TradeAllCrypto.
Absence of MetaTrader5 and No Guarantees
The only available trading platform is the XCritical (Quant ROI Ltd) online platform. Unsurprisingly, TradeAllCrypto doesn’t support the MetaTrader5 platform, which is highly popular and used by hundreds of banks and trading brokers worldwide. It does support the MT4 web-terminal platform but doesn’t provide any information about its available features or functionality. Why would a genuine and legit broker offer its traders to open an account (even if it’s a demo account, you still have to fill out private information in it) with a platform that they have basically zero information about?
Another controversial red flag that we noticed is the “Risk Warning” they have placed at the bottom of the website. It says the following:
“trading foreign exchange (forex) and use of the trading platform which allows high leverage investments in forex carries a high level of risk to your investment. Make sure you fully understand the risks involved and take advice if necessary.“
That might prevent you from doing any business with TradeAllCrypto. The warning simply tells us that the company is not responsible if we lose any money we invest in their platform. What happens if you’ve made a nice profit but for some reason can’t withdraw the money? In other words, you have no guarantee you’ll get your investment back (or something remotely close to that) even if you put in a large amount of money. In a way, it only acts as a mediator, and if it’s not performing well, the chances of money loss are pretty high. Now that’s a risk you should not be willing to take.
In addition to the mentioned above, many trading brokers require a low minimum deposit amount of $5-$100 to start trading, but that’s not the case with TradeAllCrypto, where users have to pay a minimum of $250, which might be a bit too expensive to some traders, especially for beginners.
Real Customers Feedback
Cryptocurrency trading scams are all over the internet these days, and it seems that TradeAllCrypto might be another one. Besides our TradeAllCrypto review, the below testimonials are from real users who tried this trading platform and got burned. Here are a few examples of what we’ve encountered while doing our research:
“I am one of the many victims of this bad company. The same story!!!!! After a series of losses, they simply disappear and never respond again. I am writing this review to warn all people dealing with this company.” – Vierxis 01/2020
“TradeAllCrypto Do not believe these crooks Yevgeny Svetlitsky Arthur Sokolovsky Denis Krylov Persuaded, took loans of $ 3,000 and earned $ 5,000, but I can’t come up with money from May 2019 They even persuaded to insure an account of $ 250 and eventually blocked the account.” – Igor 03/19/2020
“…The cunning swindler first threw off 250 bucks into the account and showed how their platform works plus 80 a day)) The funniest thing is asking for these visa cards like we need to activate your personal account and it smelled like fraud. I want to say one thing, do not believe them scammers !!” – no disclosed name
All warning signs indicate that TradeAllCrypto is another cryptocurrency trading scam. For example, an Unimpressive website, lack of information, risky business without any proper licensing, absence of user-friendly trading platforms – all those factors should make you think twice. We strongly advise you to invest your time and money only in trading brokers that are fully regulated and have a considerable amount of positive reviews. It is best to play it safe and ensure that your investments are appropriately managed.
TradeAllCrypto Scam – Cut The Crap
|Maxi Services (Belize) Ltd||5 Cork Street, Belize City, Belize|
|Maxi FX Service Ltd||20 Lincoln, Tel Aviv, Israel|
|Maxi Services Ltd||Suite 305 Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines|
|Colewell Marketing Philippines Inc||Makati, Philippines|
|Tendo Marketing Ltd||9 HaMasger or 20 Lincoln, Tel Aviv, Israel|
|Apachewell Ltd||13 The Sycamores Clonslaugh Woods, Clonslaugh, Dublin, 13, Republic of Ireland|
|Quant ROI Ltd||116, Gladstonos, m. Kyprianou Tower, 3rd-4th floors – 3032 Limassol|
|Market Solutions Ltd||Suite 305 Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines|
|M G GLOBAL CONSULTING LTD||Sofia 1463, Triaditsa Region, 42 Shandor Petyofi Str., App.off. |
|FAIRIPRISES LIMITED||15 The Sycamores Clonslaugh Woods, Clonslaugh, Dublin, 13, Republic of Ireland|
|Platinum Consulting Ltd||6 Andrey Nikolov, 245, Sofia, Bulgaria|
|Swissone Group Ltd||Suite 305 Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines|
|TLM Limited||Suite 305 Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines|
22 Gresham St, London, United Kingdom
|Day Dream Investments Ltd||Trust Company Complex, AjeltakeRd, Majuro, Marshall Islands|
|UP Services LTD||4 Yako Katsarov, Complex Stoyan Zaimov, Block 69, Entrance B, Sliven 8800, Bulgaria|
|Odem House OÜ||Mustamäe tee 163-38, Harju maakond, Mustamäe linnaosa, Tallinn, 12913 Estonia|
|Marlay Corp LTD||4 Hanifa Alasgarov, Baku, Azerbaijan|
|Inter Media Ltd||Suite 305 Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and Grenadines|
|Yakov Livshits||CEO at Maxi Services|
|Michael Peres||CEO at Maxi FX Service Ltd|
|Tradiva (Read our Tradiva review)||https://tradiva.com/|
|DowMarkets (Read our DowMarkets review)||https://dowmarkets.com/|
|MaxiTrade (Read our MaxiTrade review)||https://maxitrade.com/|
|Umarkets (Read our Umarkets review)||https://umarkets.com/|
|Maxi Markets TV||https://maximarkets.tv/|
|Maxi Markets Review||http://maximarkets.review/|
|Maxi Services Ltd||https://maxiservicesltd.com/|
|Market Solutions Ltd||https://marketsolutionsltd.com/|
|Maxi Markets Finance||https://maximarkets.finance/|
|Maxi Markets Club||https://maximarkets.club/|
|Maxi Markets IO||https://maximarkets.io/|
|Maxi Markets Group||https://maximarkets.group/|
|Maxi Markets Deals||https://maximarkets.deals/|
|Maxi Markets World||https://maximarkets.world/|
|Maxi Markets Live||https://maximarkets.live/|
|Global Cloud Team||https://globalcloudteam.com/|
Got Scammed? How To Get Your Money Back?
We know the frustration you feel after being scammed. At a certain point, you feel lost, and you have no idea what to do next. It’s a traumatic experience. What you’re feeling is valid and understandable. However, you don’t have to dwell in that dark place for a long time.
All hope is not lost as there are various ways to get your stolen money back. Yes, you read that right. If you have been scammed, you can apply these tips to increase your chances to retrieve your money from those shameless scammers.
If you paid using a credit card, you can use chargeback to request a refund from your bank card provider. In addition, you can also use chargeback if you paid using a debit card. A word of caution, though, there are requirements before this applies, so know them first.
You can also file a complaint about the PSP (Payment service provider) and demand for reimbursement. If you’ve been scammed and the banks involved are not doing what they are supposed to do, you should be refunded after the fraud happens.
But if nothing still works at your advantage, and you need further assistance, you can contact us through our email, [email protected]. We will help you in any way we can. Don’t worry. We’ve got you covered!