TradeCryptoMasters Review – Is There Anything Legit About The Broker?

Once you access the tradecryptomasters.com website, you can’t see any ownership details, which is quite strange for a broker presenting itself as UK-based.

But there are many more fake details hidden behind the curtains. To discover them all, read this TradeCryptoMasters review carefully.

Legal Info: Is TradeCryptoMasters Legit Or A Scam?

This brokerage is very easy to research since it claims to be UK-based. Yet, once you search in the FCA registers, you can’t find any records about them. Not only that. None of the Tier 1 regulators have any traces of the company having a license, starting with Bafin, ASIC, and CFTC. So, features like segregated bank accounts and compensation schemes are just science fiction here.

On top of that, the company earned a warning from a trusted Canadian ASC. If that’s not enough for you, keep reading.

Who Are TradeCryptoMasters’s Clients?

Looking at the who.is database, we can see that this brokerage has been operating only since 2023. It is not something any experienced or inexperienced trader would wish for. Nevertheless, research exposed their targets. TradeCryptoMasters broker mainly scams traders from: 

• Australia
• United Kingdom
• Canada
• Germany

But if you are one of those as well, contact us for a chargeback consultation. After all, everyone is looking for a way to get their money back.

Traders Experiences

Non-surprisingly, this investment firm has quite bad reviews. Only on Trustpilot are there 23 comments, with more than 40% being negative ones. That tells you enough about the brokerage.

Many of the clients are complaining about withdrawals. So, if you are one of those as well, don’t hesitate to reach out for help. With our advanced CipherTrace technology, even crypto transfers are traceable.

Investment Costs With TradeCryptoMasters

Trading conditions with TradeCryptoMasters are also suspicious practically because there are no conditions revealed. Except for the leverage of up to 1:200, Which does not comply with legitimate regulations. Especially not UK ones.  

As for the spreads, commissions, and fees, you’ll have to guess. Since there are no transparent details about it.

TradeCryptoMasters Trading Features

Important to realize is that this brokerage offers a proprietary platform besides WebTrader. Therefore, you can download mobile and desktop apps. Thus, not from trusted stores.

In any case, without regulations and with so many complaints, nobody with common sense would risk their money here. To find out why, read our Portrades review.

Is TradeCryptoMasters Legit?

This so-called UK brokerage is far from legit, primarily due to missing regulations. On top of that, all of the trading conditions are unclear. Not to mention their shady trading software. If you are looking for a legit broker, find a Tier 1 licensed one with Meta Trader or cTrader at least.

Available Trading Assets

Trading instruments offered by this investment firm can be found anywhere. Whether you are searching for a legitimate or a scam broker. After all, it’s better to trade with a company that has transparent conditions. Anyway, the options are: 

• Forex – USD/GBP, AUD/NZD
• Commodities – silver, platinum
• Indices – DAX30, CAC30
• Shares – Amazon, Tesla
• Cryptos – BTC, SHIBA, DOGE

Account Types

This fake brokerage has quite an interesting account-type offer. Of course, to get more fake benefits you have to deposit more real money. The choices are: 

• Basic – $250
• Gold – $25.000
• Platinum – $100.000      
• VIP – $500.000

Mobile Trading App

A mobile trading app seems to be available. Yet, it is not through trusted gateways like AppStore or PlayStore. Instead, you have to download shady apps from this scam brokers’ website. But to understand in detail the importance of trusted apps, read our KIEXO review.

Demo Account

Of course, without a demo account, traders can’t test the features and costs. That’s why TradeCryptoMasters doesn’t offer it. This is another sign you should avoid this broker and look for your future investments elsewhere.

Education

Understandably, every scam broker will offer you fake education. Such as live sessions, webinars, VIP events, and many more. Yet, without regulations, all that is completely irrelevant. As long as your broker is not licensed, don’t trust it. A perfect example can be found in our Trubluefx review.

TradeCryptoMasters Withdrawal

As for the withdrawal policy, you couldn’t expect anything specific. Instead, the broker claims to process withdrawals within 5 business days. Of course, with applicable fees.

Thus, not the transparent ones. To be honest, they mentioned those would be shared with the client. But that’s where scam brokers manipulate inexperienced traders to deposit more money.

Customer Support

Of course, like any broker targeting Australia and the UK, they have those VOIP numbers. Besides, there is an e-mail you can try your luck with. So, if you were hoping for a response from this broker, forget it.

But be careful with their remote-controlling apps. Such as TeamViewer and AnyDesk. That’s how these swindlers easily steal your money. Whether from a bank account or a crypto wallet.

Key Information To Consider About TradeCryptoMasters?

TradeCryptoMAsters has all the warning signs in one place. The company is not regulated, and they use shady software, unclear trading conditions and remote controlling apps. Therefore, there is plenty of room for manipulation. In case this broker took money from you and doesn’t allow withdrawals, don’t worry.

Our chargeback specialists can advise you regardless of the funding method. Even if you were transferring crypto, our CipherTrace technology is getting into play. To find out more, book your consultation with our experts now.

FAQ Section