Crypto Legacy Pro Review: Another No-Name Con Artist?
Crypto Legacy Pro is allegedly an affiliate campaign that claims to use advanced crypto trading bots to help users profit without thinking too much. All it takes, apparently, is a deposit of 250 USD.
The campaign’s website does not look convincing though, which is why we decided to analyze its content in our Crypto Legacy Pro Review. Be sure to read our text in order to get a clear picture of what this platform actually is.
|Regulated by:||No Regulation Expected|
|Is This Company Safe?||No|
|Known Websites:||cryptolegacypro.com, cryptolegacypro.app|
|Have Warnings from:||CNMV, AMF, FSMA, AFM|
|Registered in:||UK (allegedly)|
|Minimum Deposit:||250 USD|
|Free Demo Account:||Unavailable|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.|
Legal Info: Is Crypto Legacy Pro Legit or a Scam?
This scheme is classified as a crypto affiliate campaign, which is a type of business that doesn’t require a special license. However, we know nothing about this firm – no address, company ID, phone number, etc. That’s precisely why such providers are risky, especially if they are engaged in crypto trading.
Legal documentation mentions that “all disputes or claims arising out of or related thereto shall be governed by the laws of United Kingdom,” yet this entity is not registered in the UK. The partner brokers that are supposed to perform the trading were not revealed either.
Instead of trusting anonymous providers, find a transparent and honest firm with a legit trading license, supervised by a recognized financial market regulator such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.
Regulatory Warnings Against This Platform
We found four regulatory warnings against Crypto Legacy Pro. All the warnings were issued by reputable European financial market watchdogs back in 2020.
The first to flag this platform as an unauthorized entity was the French AMF on June 29, 2020. The Spanish CNMV followed just a few days later with its own warning. The regulatory concerns were reaffirmed by the Belgian FSMA and the Dutch AFM. Please heed these warnings as they were not published without a good reason.
Shady providers such as OrbiTrade end up getting blacklisted due to their crooked deeds. If you invest money in the anonymous affiliate campaign, there is a big chance you won’t see it again. And since the platform is unlicensed, you won’t be legally compensated.
Who Are Crypto Legacy Pro’s Targets?
According to godaddy.com/whois, the cryptolegacypro.com website domain was created on August 15, 2019. Since then, the dubious crypto affiliate platform has primarily been offering services to traders who reside in the following countries:
- United Kingdom;
- United States;
Each of these jurisdictions has heavy regulations in force when it comes to financial market trading and digital assets such as cryptocurrencies, ones that should not be ignored. An anonymous provider like Crypto Legacy Pro has no business offering services in these domains.
Fortunately, the French regulator reacted to the cyber threat and issued a warning to local traders, which was subsequently reposted by other European watchdogs.
Trader Reviews – Sharing Experiences
What do traders think about this firm? We managed to find feedback only on one website. At the time of this writing, there were 13 trader reviews on sitejabber.com, which gave the platform a 4.77/5 rating.
Whether these reviews are honest, we cannot confirm. Nevertheless, we still stand by our stance that this platform is unreliable and most likely fraudulent. Its entire legal background is one big hoax, just like Ixxen, so be careful.
Is There a Trading Platform Available?
According to the website, Crypto Legacy Pro applies advanced HFT trading techniques to bet on Bitcoin volatility such as scalping using high leverage to generate huge profits from slight price movements.
The trading system also capitalizes on blockchain and smart contracts for a seamless and transparent trading environment. The platform charges a 2% commission on profits.
Judging by what we read, Crypto Legacy Pro links up each client that opens an account on the company website with a reputable broker that supposedly executes buy and sell orders in the crypto market. Yet, no names were disclosed, which casts doubt on whether this statement is true.
Is It Possible To Withdraw Funds From This Platform?
Crypto Legacy Pro offers two payment methods for users to deposit funds into their trading accounts. Here are the payment methods mentioned:
- Credit/debit cards;
- Wire transfers.
It’s important to note that while this campaign doesn’t charge any deposit or withdrawal fees, individual affiliate brokers may have their own fees, processing times, and requirements for each payment method.
Both websites place particular emphasis on how low the minimum deposit requirement of 250 USD really is in order to persuade traders into investing that money in the platform, guaranteeing hefty returns in a short period of time. However, true trading is a process and a journey, not a feat of overnight success.
If this platform does not allow you to withdraw funds, you can request a chargeback at your issuing bank in order to reverse MasterCard and VISA credit/debit card transactions within 540 days. For wires, you’ll need a recall, which is essentially the same but it can only work if the transaction is not complete.
Key Information To Consider About Crypto Legacy Pro
To summarize our review, Crypto Legacy Pro is a virtually anonymous crypto affiliate campaign that has been active since August 2019. This platform has mainly been targeting traders from the UK, the US, Poland, France, and Italy.
In 2020, the French AMF, Spanish CNMV, Dutch AFM, and Belgian FSMA all issued warnings against Crypto Legacy Pro, thus flagging it as an illegitimate provider.
Our verdict is that this is not a reliable platform. If you lost money to this scheme, please book a free consultation with Scam Brokers Reviews. We shall explain to you how the chargeback procedure works and gladly guide you through the whole process.
Book your consultation today and start the chargeback process.
What Is Crypto Legacy Pro?
Crypto Legacy Pro is an anonymous affiliate campaign scheme that offers users the possibility of profiting quickly using automated trading bots.
Is Crypto Legacy Pro Regulated?
This is an affiliate campaign so it doesn’t require a special license. Yet, this platform got blacklisted by four European regulators.
How Does Crypto Legacy Pro Work?
The platform takes your deposit in order to make profits on which a 2% commission is charged. We believe this is a scam so please stay away.