Cryptogainers Review – What’s So Dangerous About The Company?
Cryptogainers company claims to be owned by Crypto Gain LTD. This firm is indeed registered in the UK. However, the company was incorporated in 2017, while the cryptogainers.ltd website was registered in 2023.
Even though it doesn’t mean anything, it could be a sign of fraud. To find out what are other warning signs, you better read this Cryptogainers review carefully.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||FCA|
|Registered in:||UK (allegedly)|
|Deposit Bonus:||Not available|
|Free Demo Account:||No|
|How to Withdraw from This Company?||With promising profits and a lack of regulations in the UK or any other country, you can expect withdrawal problems. If any problem occurs, feel free to contact our refund specialists for advice.|
Legal info: Is Cryptogainers legit?
Everything about the company leads to the conclusion they are swindlers, starting with missing regulations. Since they are in the UK, they must obtain an FCA license or be on the TPR. Yet, none of these were ever issued to the company. Neither this investment firm has any other Tier 1 license like BaFin, ASIC or CFTC.
Without these regulations, you shouldn’t be surprised that FCA issued a warning to this firm. Therefore, everything this company claims becomes extremely suspicious.
Who are Cryptogainers’ clients?
Important to realize is that this firm is mainly targeting traders from strictly regulated countries. That’s why we always suggest investors to check the broker with domestic authorities. In any case, most of their victims come from:
- United States
- United Kingdom
But what’s your experience with this firm? If you are experiencing withdrawal problems, feel free to contact our refund experts directly.
Leverage, Commissions, Spreads, Fees and Taxes
Practically, the cryptogainers.ltd website doesn’t reveal any investment costs. Neither do they have any interest fee for their services. Therefore, you just have to deposit money sit and wait. However, after time passes they will persuade you to take another opportunity.
Considering that the company is practically giving you free money, bonuses are not included. Of course, it’s a joke. It’s not free money since you can’t withdraw it. But in general, if you get any bonus offer from even a little suspicious brokerage, don’t do it.
Cryptogainers Trading Features
One of the leading warning signs is that the company offers fixed returns. Even worse, insanely high ones up to 120%. Thus, the company doesn’t reveal any details about its investment plan or portfolio options. Therefore, not the most credible offer you could find.
Trading Platforms Available
An investment account is accessible only through the browser. The Crypto-Gainers don’t offer any third-party investment platform.
Therefore, you can expect various manipulations, whether with results, withdrawals or anything else. Similar to the ones that pop up every now and then on their website saying someone made a withdrawal of $10k.
Available Trading Assets
The company claims to offer trusted investments through various Bitcoin exchanges. Therefore, you can only expect crypto investments. Not something promising for any experienced trader, especially without transparent trading conditions.
To understand better the importance of a wide range of instruments availability, read our PrimoTrade review.
Crypto Gain Ltd offers 4 different account types. However, none of the specifics are presented. The options are:
- #1 – $50 deposit – 10% return after 12 hours
- #2 – $500 deposit – 50% return after 24 hours
- #3 – $1.000 deposit – 100% return after 36 hours
- #4 – $5.000 deposit – 120% return after 48 hours
According to them, the results only depend on the amount deposited. Nothing else. This is by default a warning sign.
Mobile Trading App
To sum it up, no. If you are looking for reliable iOS and Android apps, you must find Tier 1 licensed brokerages. Otherwise, you can only expect dirty tactics and manipulation that will take your last penny.
Of course, without transparent trading software, you can’t expect anything more. Especially not risk-free features like a demo account. Not even a micro account is available. Either you risk it all or don’t do it. But after the FCA warning, we highly doubt anyone would risk it with the company.
In addition to all of their lies, the company offers a highly suspicious affiliate program. But if you don’t believe in something, you wouldn’t recommend it, right? That’s exactly where is the trick.
This investment firm will proudly present everything just to get as much as possible from you. Even your contacts. In any case, you are allegedly rewarded with 5-7% commission, depending on the level.
Since the company only accepts crypto payments and untrusted e-payments, you can forget about withdrawals. Not to mention they don’t have a transparent withdrawal policy or fees.
Practically, they are doing all of this without any interest. This tells you they will take everything from you and vanish at some point. To find out all the tricks swindlers are using, check out our FCF Markets review.
Generally speaking, the company has a wide range of contact options. Thus, none of those are traceable. They even use end-to-end encrypted tools like WhatsApp. Besides, you can reach them out via e-mail, web form and live chat.
Key Information To Consider About Cryptogainers
In the first place, the company is not licensed to provide all of the mentioned services. Secondly, they are promising profits and generally have suspicious investment conditions. Lastly, but most importantly there is a warning from a trusted regulator.
It’s not the worst thing if you get scammed. Thus, it’s important to know what’s your next step if that happens. For instance, our team has access to CipherTrace software for crypto tracking. It could be of use in the case you were scammed by this company. If it’s the case indeed, contact us immediately for refund assistance.
What Is Cryptogainers?
Cryptogainers is a shady investment firm operating from the UK that provides investment services without any regulatory oversight.
Is Cryptogainers Free?
Definitely no. Investment plans are starting already from $50 but higher deposits bring higher returns. At least according to the company’s presentation.
Is Cryptogainers Company Officially Registered?
No. Thus, even if they are, without a license that doesn’t make them legit. If you experience any withdrawal issues whatsoever, contact us for refund advice.