Crypto Zone 24

Crypto Zone 24 doesn't do it for us, and probably will not do it for you. We are aware of the fact that Crypto Zone 24 looks like a somewhat capable broker, but we are here to disapprove this. Read on.

Crypto Zone 24 claims the near impossible of being licensed by ASIC, the FCA, and CySEC. Only serious companies, with well managed staff and a base of loyal traders can have all three licenses. We assure our readers that Crypto Zone 24 most certainly is not one of them. In fact Crypto Zone 24 is completely UNREGULATED.  

Always check for a proper broker license within the domains of the regulatory agencies. All of them have access to either an online database of regulated financial services providers, or separate lists of authorized companies. We advise traders to go with FCA/CySEC regulated brokerage firms, since these two agencies are some of the best for the job.

The broker would not allow us to register, as usual meaning that trading terms must be taken from the website, an idea which is never as good as it sounds, for most illegitimate brokerage firms straight-out lie to its users! Yet, we found no trading conditions of any kind even on the website. Here's where we can make another point: the website seemed overburden in the beginning, yet as soon as we started opening sections, they turned out to include some form of a filler text serving close to no purpose.

The website is available in English only.

CRYPTO ZONE 24 LOGIN

Without a registration we were not able to prove that the alleged MT4 is accommodated.

Nevertheless,  MT4 users can set auto trades, and the platforms comes with lots of customizable options for optimal trading. The superior charting package, and drag and drop features allow users to take faster and more practical trading routes. Chart analysis tools, customizable trading indicators, the inclusion of VPS, and much more make MT4 the best option out there.

CRYPTO ZONE 24 MINIMUM DEPOSIT

Without a registration we cannot claim any certain info on deposits and withdrawals. The Account Types website section claims that the minimum deposit is €500 for the Micro Account type. There are 4 account types in total, each requiring a higher deposit minimum, reaching a €50 000. As for the depositing methods, the T/Cs mention wire transfer, e-payments, and credit/debit cards, all of which we cannot confirm.

Due to he broker’s lack of any regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/CySEC regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The three digit CVV code is essential to making purchases or completing transactions online. By handing this info to someone claiming to be a broker, your are exposing your savings to the biggest risk of all!

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

It may or may not happen, but if an unregulated broker asks you to install AnyDesk or TeamViewer and give them log in details, consider yourself very open to a complete drainage of your funds from all your online accounts. These software allow for anyone to access your PC from another station and go through all your files and vital information, including credit card, bank and alternative payment method details. Thankfully, these platforms are completely legal and will need your own personal approval in order to be used.

CRYPTO ZONE 24  WITHDRAWAL TIME AND FEES

Interestingly, there are no concrete withdrawal details anywhere in the legal documents. As for the website, it is completely devoid of such details. Unfortunately, we cannot provide further info. Yet, we do not feel like readers need it, for this broker will not return any money deposited in it.

ADDITIONAL FEES AND TAXES

We want to remind readers that many offshore brokers have no intentions of paying you back. Any effort to withdrawal your money will be unsuccessful. Either the broker will find a loophole in the terms and conditions that is completely made up, will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.

ACCOUNT VERIFICATION

Traders will sooner or later realize that something is a foot. Filing for a chargeback might not be as easy as it seems if, beforehand, the user has given away a copy of his ID and proof of address to the unlicensed broker. With these in their possession the company can easily refute any claims you might have against them.

We are positive that this firm will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed entity where the law is integrated in every aspect of their operations.

HOW TO RECOVER

The only way to recover is by filling for a charge back, and hoping it’s not too late.

If you have given a CVV code, be sure to cancel your credit card as soon as possible, because the people behind the scam will not delay, and draining every cent from it.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Crypto Zone 24 is a scam, one of many, and as such should not be treated any differently. Do not deposit here!