Warning! CryptonaryFarm is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
CryptonaryFarm is a copy of almost every other unregulated broker that we review. We reach a point with these reviews where we are out of original stuff to say, simply because there are so many unregulated brokers. CryptonaryFarm is just one of in a list of thousands, tens of thousands even. In no way does it change the formula, nor does it even try to. It follows the standard formula: drown clients in lies and expect money to come rushing in. Well, the following review is an attempt at stopping CryptonaryFarm.
A common element of most brokers nowadays is the inclusion of a UK address. We think that a UK address immediately creates a sense of respect, even though in most cases the address is a lie, as is here.
In order to be registered as an FX broker in Britain, a company must absolutely apply for an FCA license. There is no way around this. A simple claim to a registration will not do. And as it turns out, the FCA does not regulate this broker.
In fact, the FCA warns all UK investors against investing in this broker. Such a warning is always warranted, and is a sign that the broker is a scam!
Moreover, the entire website is filled with filler text, that actually say “filler text” at certain points. What sort of behavior is this? It’s unacceptable for sure.
Another sign pointing to the illegitimacy of CryptonaryFarm is the website, which feels unfinished and very unprofessional.
Last but not least, there is a noticeable lack of legal docs; these are crucial to forming and sustaining a pro client-broker relationship; without them CryptonaryFarm can do as it pleases.
Obviously CryptonaryFarm is not regulated and a risk to all.
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).
There was no way of creating an account, for the firm requires a referral ID when opening an account. This can only be acquired by contacting the broker, or him contacting you.
The website claims to offer forex currency pairs, stocks, bonds and cryptocurrency, with no further trading conditions revealed.
On top of promoting (fake) trading experiences, at some point CryptonaryFarm stated that it also offers a solutions “for creating an investment management platform. It is suited for hedge or mutual fund managers and also Forex, stocks, bonds and cryptocurrency traders who are looking at runing pool trading system.” This statement serves only one single purpose- to sound professional. It further confuses the user into making her think that there is more to CryptonaryFarm than she originally thought, even though this firm actually does not offer anything. This type of behavior is common with unregulated broker.
There isn’t any real information of a trading software. The website offers nothing, while our inability to create an account leaves us empty handed, although we cannot be for sure if the user area offers a platform; at this point around half of scammer brokers that we review have no trading software.
The alterative offered here are investment packages as seen on the website.
However, these are fake news. No one can really profit from these, because once invested, the money will be lost.
CRYPTONARYFARM MINIMUM DEPOSIT
The minimum a users can invest in order to activate an investment plan is $1000. However, that’s just about all the deposit information we get.
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.
CRYPTONARYFARM WITHDRAW TIME AND FEES
No withdrawal details exist to grant us any insight into the processes. Although, unlicensed broker are best know for not allowing their clients to take out money. So in reality, we don’t need withdrawal details to conclude that users will never be able to take out money here.
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!
Investing here would be a financial disaster. CryptonaryFarm is a scam and a risk to all.