Crypt Node Review – What You Need To Know About Crypt-node.com Broker?
Crypt Node seems to be a newly established scam on the market, not yet noticed by the regulators. Since we’re here to ensure you don’t fall victim, we provide you with all the facts. Read this Crypt Node review carefully.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Crypt-Node Europe|
|Supported Platforms:||MT4, WebTrader|
|Minimum Deposit:||250 EUR|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
True or False: Regulation Statements
Crypt Node says to be owned by Crypt-Node Europe, based in Lithuania. Furthermore, the broker claims to be “an authorized company” without further specifications on this matter. Since Lithuania is quite known for loose financial regulations and many money-laundering accusations, we were not impressed to see a headquarters in this country. And not just that, it turns out that Crypt Node is not authorized by the Bank of Lithuania or any Tier1 EU license provider, such as BaFin, AMF, FSMA, etc.
Why Is It Important For A Broker To Be Licensed?
A broker must be licensed to prove its legitimacy and ensure that clients’ funds are kept in segregated accounts and that clients can be reimbursed if a problem occurs. For instance, Crypt Node claims to keep clients’ funds in reputable UK banks. Since they remained vague on this matter as well, we believe it’s just a story to lure clients into a scam.
Traders Reviews of Crypt Node
Instead of us talking, here’s an example of Crypt Node reviews.
“I foolishly invested £200 and after that was pestered all the time! Remotely took over my laptop! I immediately changed all my passwords etc. Won’t leave me alone. Abusive messages which I have kept.”– Trustpilot Customer
What Platforms Does Crypt Node Offer? – Available Trade Software
The trading company offers MT4 and WebTrader. This would be quite a solid offer if the broker weren’t illicit.
AnyDesk, TeamViewer, and ScreenLeap – Access To Your Bank Account
If you take a look at the broker’s main page, you will notice links to download AnyDesk, TeamViewer, and ScreenLeap. All three are remote desktop access software, and account managers are abusing them to access clients’ devices and online banking. It seems that’s precisely what happened to the customer who wrote the comment above.
MetaTrader4 is one of the best trading software this industry has. The platform has many charts and indicators and provides everything you need for successful trading. However, since Crypt Node is not a regulated brokerage, it provides unregulated trading conditions, heavily impacting the outcome of your trades.
Crypt Node WebTrader is a typical web-based software suitable for beginners and those who avoid app installation. However, it comes with the same unregulated trading conditions as MT4.
All About Crypt Node Accounts
There are 3 the broker account types:
- Micro – 250 EUR
- Standard – 2,500 EUR
- Premium – 10,000 EUR
Accounts differ in spread, leverage, bonuses, and other perks.
Crypt Node Broker – Countries Of Service
Based on our research, we can conclude that the firm trading scam is mainly active in:
Crypt Node Range of Trading Instruments & Markets
The broker allows access to 5 major markets, including:
- Currency pairs – EUR/USD, GBP/USD
- Commodities – gold, oil, silver
- Indices – Dow Jones, NASDAQ
- Shares – Apple, Amazon, Google
- Cryptocurrencies – BTC, ETH, XRP
Crypt Node Minimum Deposit
Crypt Node has a pretty standard minimum deposit of 250 EUR. However, legitimate firms have Micro accounts starting with $10, so there’s no reason to risk so much with this shady illegal investment company.
Crypt Node Unfavorable Trading Conditions
The company cannot brag about trading conditions. The leverage goes against regulatory rules while the spread is undisclosed.
Leverage And Spreads – No Access To Data
The only thing we know is that this company offers spread from 1:100 to 1:500. However, regulators in the EU have set a limit of 1:30 for the Forex market and 1:2 for crypto. Therefore, Crypt Node goes against regulations. Other than that, we have no access to information about the spread or any fees or commissions you may be charged.
Crypt Node Deposit, Withdrawal Methods, and Fees
Allegedly, the company accepts only debit/credit cards. However, they’re using an unknown payment process – financeonline, belonging to a third party. If you want to invest your funds, find a credible company offering credible payment methods, such as PayPal or any other method with a refund guarantee.
Scammed by Crypt Node Broker? – Let Us Hear Your Story
If you or someone close to you has been scammed by a Crypt Node broker, let us know. Our chargeback specialists can evaluate your case during a free consultation and help you find the best refund method.
But What Is A Chargeback?
This is a way for your bank to recover your funds from the merchant. Contact us via online chat and get more details. Let’s start before it’s too late and your life savings are impossible to recover.
What Is Crypt Node?
Crypt Node is an online Forex and CFD provider from Lithuania without a license.
Is Crypt Node a Scam Broker?
The firm is not regulated and doesn’t disclose any relevant trading information.
Is Crypt Node Available in the United States or the UK?
The broker operates in both of these countries illegally.
Does Crypt Node Offer a Demo Account?
No, Crypt Node doesn’t offer a Demo account, only Live ones.