CrypNetEasy Review: A Trader’s Guide
Not far from other dodgy websites, CrypNetEasy gave us the alleged owner and the country of residence. However, everything regarding this online trading broker is suspicious, and we want to make it clear – our advice is to stay away. Why? Let’s read our CrypNetEasy review to find out.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA (UK Regulator)|
|Owned by:||Rogers Company EOOD|
|Supported Platforms:||Web Trader|
|Minimum Deposit:||300 EUR|
|Cryptocurrencies:||Available – ETH, BTC, XRP – total 5|
|Types of Assets:||FX, commodities, indices, stocks, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About CrypNetEasy Regulation?
CrypNetEasy is allegedly a brand owned by Rogers Company EOOD in Bulgaria. Since this specific country is a part of the EU, all brokers should opt for the regulation and follow ESMA and MiFID rules.
However, Bulgarian regulator FSC seems to never hear of CrypNetEasy broker or their owners. It practically means this company is not following any rules, and you can easily be defrauded. And that’s just the first red flag on our long list.
CrypNetEasy Warnings From Financial Regulators
The one to notice CrypNetEasy trading scam and issue an official warning was the UK FCA. According to this authority body, CrypNetEasy is a fraudulent firm, and anyone involved is not entitled to the FSCS compensation fund as the broker is unregulated.
Fund Withdrawal Issues
Assuming you invested money with CrypNetEasy. Since the company itself is unregulated and follows no rules, so your chances of being paid out are close to zero. Based on numerous CrypNetEasy reviews, clients are massively complaining about this issue.
The broker seems to have a method. Once you ask for a withdrawal, the account manager in charge will try to delay you, and if you insist too much, your account will be suspended.
If something similar has happened to you, let us know immediately.
Areas Of CrypNetEasy Scam
From everything we’ve seen, it seems that CrypNetEasy is mainly present in Germany, Spain, and Greece. As it claims to be EU-based, it misleads clients to believe they are dealing with a legit company holding a Tier1 license. Once clients discover this is just false information, it’s already too late.
Be careful and don’t fall for the CrypNetEasy scam.
Traders About CrypNetEasy Scam
Since a majority of clients have been scammed, no wonder reviews are entirely negative. Traders complain about withdrawals, a platform with many issues and lags, account managers who are rude and pressuring clients to invest money without seeing any results.
If you’re considering investing, look for a Tier1 licensed company since only those have reimbursement funds for any bad outcomes.
How Does Online Trading Scam Work?
Depending on the broker’s status, there are different kinds of scams. Some legitimate, regulated companies are defrauding clients “small,” trying to stay uncovered. Others are opening offshore brands they use for scams. However, the worst are brokers such as CrypNetEasy that don’t even put any effort into pretending to be legit.
All they do is open sort of a trading website and employ people to harass clients and bother them until they extort some money and disappear.
If you find yourself dealing with such a trading firm, let us know before it’s too late!
Scammed by CrypNetEasy? – Tell Us Your Story
If you were scammed by CrypNetEasy or a similar bogus brokerage, let us know. Our chargeback specialists will be pleased to hear your story and help you find the best money-back solution.
But What Is A Chargeback?
The chargeback is a way for your bank to reverse fraudulent online transactions. For more details, contact us via online chat and book your free consultation. Let’s get your money back!
What Is CrypNetEasy?
As we discovered, it is an online CFD and Forex trading provider without a license.
Is CrypNetEasy A Scam Broker?
The short answer is yes. Broker has been blacklisted in the UK for fraudulent activity.
Is CrypNetEasy Regulated?
CrypNetEasy is an unregulated online trading firm operating illegally.