A lack of credibility can be seen even at first glance on the company’s website. They don’t provide transparent legal details, contact options, or addresses. Yet, they expect you to invest all your hard-earned money with them.
On top of that, the company promises some protection measures and security features. Therefore, some might think it’s good. But if that’s something you will get indeed, let’s find out in this CryptoSTADT review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Cryptostadt.co |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2023 |
| Trading Platforms: | Web-based platform |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, Forex, Indices, Commodities, Shares |
| Free Demo Account: | No |
| How to Withdraw from This Company? | With a very suspicious bonus policy and lack of regulations, you can definitely expect withdrawal problems. If any occurs, contact our refund experts for detailed guidance on the next steps. |
Legal info: Is CryptoSTADT legit or a scam?
One of the very first warning signs is the claim that the company has been operating since 1994. However, the research on who.is shows a different story. It’s 20 years of a difference.
On top of that, CryptoSTADT is not licensed by any authority. Especially not the FCA, BaFin, or ASIC, which adds up to more shadows on their business. Consequently, all the safety measures they claim to provide become questionable.
Who are CryptoSTADT Victims?
Since 2023, when CryptoSTADT brokers started, they have mainly targeted Europeans. But two specific countries and their citizens mostly stand out:
- Germany
- Cyprus
Knowing that the firm is not legitimate, we wonder what the other experiences traders have with them. Feel free to let us know in the comment sections below. But for refund options, you can contact us directly.
Traders Reviews
One of the biggest warning signs is the customer reviews on Trustpilot. Out of 31 comments already available, 10% have the worst rating. But the shocking fact is that this brokerage is using AnyDesk to try to rip you off. Therefore, be extremely careful when using remote-controlling tools.
Let us know if you have any similar experiences. Ultimately, we can advise you about the steps to refund and assist you along the way.
Leverage, Commissions, Spreads, Fees and Taxes
Another key fact is that the company is not revealing any of the trading conditions. Neither the leverage is known to customers. In any case, keep in mind that EU regulators allow a maximum of 1:30 for retail traders.
Average spreads in the industry range around 1.5 pips for major pairs. Even though some companies have quite big discounts on these, we wouldn’t trust CryptoSTADT. But the most disturbing part is the lack of fees and commissions. In fact, that makes you wonder how they make profits. If not from commissions, must be from your deposits.
Bonuses
More ways to scam traders can be found in the Crypto STADT bonus policy. Of course, you have to reach the minimum trading volume to be able to withdraw any funds. In this case, the bonus amount is divided by 2, and you get the amount of standard lots you must reach.
It should be noted that 1 standard lot is $100k. But if you are not aware of that, they can keep adding bonuses without you realizing what’s going on. Once you want it out, the problems start, as can be seen in CryptoSTADT reviews.
CryptoSTADT Trading Features
All of the trading features with cryptostadt.co broker are completely fictive. Starting with their trading conditions, security, and trading platform.
Generally speaking, without trusted regulations, it’s hard to believe anything they say. To understand better the importance of transparency, read our Coin-Exchange review.
Trading Platforms Available
Apparently, they offer the most up-to-date software available. Yet, it’s nothing more than a basic web trader with limited functions. If you were looking for social and copy trading features or an Expert Advisors option, forget about it.
Available Trading Assets
Tradeable assets with scam firms can be completely fictive. Not to mention manipulations behind the scenes with the market data and prices. In any case, their offer consists of:
- Forex – USD/GBP, AUD/HKD, EUR/HUF
- Commodities – gold, platinum, cotton
- Indices – DAX 30, FTSE 100, DowJones
- Shares – Walt Disney, American Airlines, NVidia
- Cryptos – BTC, ETH, XRP
Account Types
There are 7 account types with the broker, and none of these reveal the trading conditions. Instead, they offer you VIP signals, free withdrawals, and trading education. The options are:
- Basic – $250
- Bronze – $5.000
- Silver – $15.000
- Gold – $50.000
- Platinum – $150.000
- Diamond – $500.000
- Black – $1M
Mobile Trading App
As they say, the platform is accessible from any device. Yet, the app doesn’t exist. Instead, you have to use a browser to access your web-based trading account.
Demo Account
Even though insight into the trading room is available, you don’t have virtual funds to test the features. Which is a huge downside for any brokerage. Hopefully, reading our Bitlerz review will help you understand the importance of it.
Education
In fact, the company claims to offer trading and educational sessions with analysts. Yet, through CryptoSTADT reviews, we can see it’s all fake. The end goal is to access your bank account and steal your money. So, don’t buy it.
CryptoSTADT Withdrawal
Considering the lack of regulations, many negative reviews, and low transparency, withdrawal issues are inevitable. Not to mention, the company doesn’t reveal any of the funding options.
Another worrying fact is that they don’t reveal processing time. Yet, there is a $30 fee for every withdrawal request! But if you fail to deliver the required information, you have to request it again. So, be aware of these manipulations.
Customer Support
What’s even more disturbing about this brokerage is that they don’t offer any reliable contact options. In fact, only an e-mail address is available. Most likely, their response depends on your request.
Key Information To Consider About CryptoSTADT
In the first place, the company is absolutely anonymous. On top of that, they are not regulated anywhere. Already with these details, you know there is something wrong. But not to mention non-transparent conditions and fees.
All in all, there are too many irregularities you must watch for. Yet, under pressure, anyone can crack, and it’s not the end of the world. Our refund experts can advise you step by step about chargeback options. Get in touch now and book your first free consultation.
FAQ Section
What is CryptoSTADT?
CryptoSTADT is an anonymous investment firm offering FX and CFD trading services since 2023 and not 1994 as they claim.
Is CryptoSTADT a Scam?
Definitely. Without regulations, you can’t trust them a single word. If you were already defrauded by them, contact us as soon as possible for refund options.
Can I Recover Money Stolen By a Scam Broker?
Surely. Very often a chargeback is the easiest solution. But to find out your options, we suggest you book a consultation with our team.
