Crypto Wealth Expert Review – Experts At Taking Away Your Wealth
Crypto Wealth Expert is a newly registered scam company with zero corporate information or any other relevant details on their website. What makes their story especially funny is claims about being registered in 1994, when the Forex market was just starting to bloom.
All of the statements found on the poorly designed site do not do much to convince us of the boker’s questionable credibility. Please read this Crypto Wealth Expert entirely to understand why this firm is a fraud through and through.
|Regulated by:||Unregulated Offshore Broker|
|Is This Company Safe?||No, unregulated brokerage sites are not safe or trustworthy!|
|Have Warnings from:||N/A|
|Registered in:||St. Vincent and the Grenadines|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Hinted, but undisclosed|
|Trading Assets:||Forex, Cryptocurrencies, Stocks, Indices, Commodities|
|Free Demo Account:||Available|
|How to Withdraw from This Company?||Cons don’t allow withdrawals! To process your request, you will need legal help that our experts can provide!|
No Operating License Or Regulation
The Crypto Wealth Expert T&C vaguely mentions jurisdiction of SVG courts for legislation. We have checked the FSA database accordingly, and found no trace of this company.
We have expanded our search to include prominent financial regulators, including FCA, BaFIN, CySEC, FSMA and NFA. The name of the company was so generic it returned numerous results, but none matching our query.
This tells us that Crypto Wealth Expert is not authorized to provide financial services anywhere in the world. Unregulated brokerages don’t adhere to necessary safeties such as compensation funds, or segregated bank accounts. Aiko Markets operate similarly.
Scammers Play Experts
The cw-expert.co platform was only launched in late 2023, targeting these nations:
- United Kingdom
There are two main weapons in the arsenal of Crypto Wealth Expert. One of these are review seller networks, which flood the internet with fake positive reviews. The other ones are boiler room agents.
The latter are more active, as their job is to continuously pester new and old clients to invest money with the platform.
Once the money is safely in the hands of fraudsters like Crypto Wealth Expert or Nexospro, there’s little chance victims will see it again. Book a free consultation with our team of professionals to start your chargeback.
Obvious Fake Reviews
Now that we know how Crypto Wealth Expert operates, we can see obvious cracks in their online reputation. The reviews on TrustPilot aren’t numerous, but the negative comments are hastily suppressed by fake positive ones.
There are only 5-star and 1-star ratings, with nothing in between. If you ever come across such disparity, chances are you’re dealing with a scam.
Questionable Trading Costs
Although some crucial elements of trading, like leverage, aren’t even revealed, some are anything but believable. For example, the spreads at EUR/USD as seen from inside the platform start at 0.93 pips, which is in the range of what more reputable brokers offer.
It remains a question if these presented costs and conditions are really in effect, as swindlers often resort to data manipulation in order to persuade clients to invest.
Disappointing Trading Features
Crypto Wealth Expert doesn’t have anything of much value to offer to potential clients. The bogus software isn’t a reliable technological solution for money making. Moreover, nothing but several basic groups of instruments are offered.
One advantage to the whole deal is the existence of a Demo account, until you realize that also is a tool in the cyber criminals hands to force you into investing.
Trading Application Loaded With Malware
The trading platform can be accessed even without a valid Crypto Wealth Trading login. The poor security lets the con artists manipulate the market shifts how they please.
It supports only the most basic functions, like buy, sell, instrument selection and charting. It is also available as a downloadable standalone software, but installing it triggered a malware warning with our antivirus.
Diverse Trading Assets
The selection of tradable assets on Crypto Wealth Expert is large and diverse. The instruments are divided into several categories:
- Forex (EUR/USD, AUD/CAD, GBP/CHF, USD/JPY)
- Cryptocurrencies (Bitcoin, Ethereum, Dash, Ripple, Cardano)
- Commodities (Gasolene, Brent, Soybean, Sugar, Gold, Silver)
- Stocks (Intel, 3M, Chevron, Adobe)
- Indices (Dow Jones, Nikkei, Hang Seng, Nasdaq)
While cw-expert.co website offers a detailed specification of separate instruments, the selection in their trading platform doesn’t match it in all aspects.
Live Trading Account Types
Crypto Wealth Expert tries to appear legitimate by offering different trading and savings accounts.
Separate savings accounts are allegedly customized for investment opportunities, and different ROI options:
- Crypto Savings
- Dedicated Portfolio
- Diversified Portfolio
- Hedge Fund Savings
- Personal Banker Account
Trading accounts are tiered, and allegedly yield benefits like free withdrawals and more diverse asset types for more expensive accounts:
- Basic – $250
- Bronze – $5,001
- Silver – $15,001
- Gold – $50,001
- Platinum – $150,001
- Diamond – $500,001
- Black – $1,000,000
Automatic Demo Account
Crypto Wealth Expert demo account is equipped with a $25,000 virtual margin that you can use to make test-trades and explore the platform functions.
Con artists prefer web traders for their obvious subjectiveness to data manipulation in order to extort funds from you.
Overcharged Withdrawal Requests
Just submitting a Crypto Wealth Expert withdrawal request costs you a fixed commission of $30 which is deducted from your account directly. Furthermore, there’s other occurring fees and taxes that the broker only mentions but doesn’t reveal.
Otherwise, the minimum withdrawal processing time is 3 business days and the minimum amount you need to have on your trading account is $50 in order for your request to be taken into consideration.
Limited Communication With Support
There’s a single way you can practice to attempt to get in touch with the Crypto Wealth Expert support. That’s one email address that no one has the obligation to reply to. This restriction the broker imposes protects their anonymity and the ability to ignore all incoming requests, while contacting victims as they please.
How To Get A Crypto Wealth Expert Chargeback?
Crypto Wealth Expert is a shady anonymous firm with no regulatory license. The company actively spams fake reviews to boost their reputation. This fake broker doesn’t allow withdrawals, and investors will hardly see their money back.
You may contact our chargeback experts at any time through the live chat on our website. Book a free consultation today, and let us help you with asset recovery.
What Is Crypto Wealth Expert?
Crypto Wealth Expert is a recently registered scam broker domain with no firm info published.
Is Crypto Wealth Expert Regulated?
No, this conduct operates without a valid license out of an offshore zone of SVG.
What Are The Trading Platforms In Crypto Wealth Expert?
The only platform available is a basic web trader. These are known to easily make you loose, so contact us in case you want to recover your lost investment.