Warning! CryptoDeskTrade.com is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
CryptoDeskTrade.com typical scammer broker website, down to the very last detail, and there was not even a second of doubt to this. So many like it have passed through us that we knew instinctively what was about to follow, and not once were we swayed by a surprising element. CryptoDeskTrade.com is a complete and utter scam and a risk to all investments. Read the review for the reasons.
We start off with one of the biggest lies on the entire site, that of the alleged registration of the broker. CryptoDeskTrade.com discloses a UK registration, which in our eyes should also entail an FCA license. But all we get from the FCA concerning this brokerage is an official warning telling everyone not to deal with CryptoDeskTrade.com.
Moreover, a simple claim to an address with no supporting evidence is easy to include. What matters is a regulation, which CryptoDeskTrade.com obviously lacks.
Brokers such as CryptoDeskTrade.com feel entitled to attention without ever earning it, and that is why they often times come on strong, especially when certain users get directly contacted by solicitors.
All in all, CryptoDeskTrade.com is without a license and as such is a risk to all investments!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
Creating an account was easier than we ever hoped for, suggesting that CryptoDeskTrade.com is desperate for clients. The reasoning for this is simple: the more users that registered with the company, the more the firm's chancers of receiving money in the form of deposits increase. It's simple rhetoric and statistical reasoning that has made scammer rich in the past.
The user area is shady as ever, and in it we came across the biggest issue- there was an obvious lack of a trading software.
We kept calling CryptoDeskTrade.com a “broker” throughout this section of the review, but in reality it isn't even one percent the broker it claims to be. The right for CryptoDeskTrade.com to call itself a broker was stripped down the moment it was revealed that it had no trading platform.
Without a software, there are no applicable trading condition; no spreads, no leverages, no tradeable assets. However, the company does not leave the user empty handed. It offers a bunch of misleading investment plans that don't really do much.
Invest $1000 and receive a daily 10% profit. Sounds great until your start thinking of the origin of the money, and the reasons why CryptoDeskTrade.com is all of a sudden in such a charitable mood. These fantasies will never come to be; it's all an elaborate lie.
It's all a scam and an attempt to steal your money.
CRYPTODESKTRADE.COM MINIMUM DEPOSIT
The available payment methods are based on crypto wallets. These are untraceable and once a payment has been made the user will have a very hard time tracing it back, not to mention close to impossible to ever see it again.
The minimum deposit is $1000, if we trust the investment packages, yet from what we have seen with other brokers that offer crypto-only deposits, there usually is no minimum deposit.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
CRYPTODESKTRADE.COM WITHDRAW TIME AND FEES
BTC, ETH, PayPal, and Wire Transfer are the available withdrawal methods made available. Their presence is against AML rules that state that deposit and withdrawal methods should be the same.
Furthermore, there are no other details on withdrawals. By the end of our research it was as if though we had not done any in the first place. That's how bad things are.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
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!
CryptoDeskTrade.com is a simple scammer entity that will try to steal your money at all cost. Do not trust it with your money, and do not share any personal details with it.