We centered our Crypto-Guider Review on two arguments against this broker. The first is anonymity and the lack of a trading license.
The second is represented by the warnings against Crypto-Guider issued by Canadian regulatory authorities. The rest of the review focuses on the trading platform, instruments, conditions, payment methods, etc.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | crypto-guider.com |
| Blacklisted as a Scam by: | OSC, ASC, FCSC, NSSC |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | 2022 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 2,500 $ |
| Cryptocurrencies: | Yes – BTC, TRON, USDT… |
| Types of Assets: | Forex, Commodities, Indices, Shares, Crypto |
| Maximum Leverage: | 1:50 |
| Free Demo Account: | Unavailable |
| Accepts US clients: | Yes |
Why Crypto-Guider Isn’t a Legit Broker?
First of all, we do not know the legal background of Crypto-Guider’s regulation. There’s no information about the company that runs this business or an official address.
Basically, Crypto-Guider is anonymous. Although we didn’t find “truthful” information about the jurisdiction under which Crypto-Guider operates, there’s a dead giveaway in the T&C section that this website is fraudulent.
“Estonian governing laws”… We’ve covered countless scammers so far, and more than 90% use this same text. Crypto-Guider has nothing to do with Estonia, do not get confused. This broker is not compliant with the regulations of the European Securities and Markets Authority (ESMA).
We suggest you ditch Crypto-Guider and similar scammers such as Rivobanc. Instead, find a reliable provider that’s licensed by top-tier authorities such as ESMA, the FCA, the CFTC, ASIC, etc.
Crypto-Guider is an anonymous broker with an alluring website but no trading regulation. Active since March 2022, this scammer seems to target traders from the US, UK, Canada, Germany, and India.
You will be entitled to numerous benefits such as a segregated bank account, negative balance protection, leverage restriction (1:30), and a compensation scheme (up to 20,000 EUR under ESMA).
Warning Issued by Financial Authorities
It seems that Crypto-Guider pissed off a couple of financial market watchdogs in Canada. We found four warnings issued against the broker.
The regulators are the Ontario Securities Commission (OSC), the Nova Scotia Securities Commission (NSSC), the Alberta Securities Commission (ASC), and the Financial and Consumer Services Commission (FCSC). So Crypto-Guider is definitely not allowed to operate in Canada.
The Opinions of Traders On Crypto-Guider
At the time of this writing, there are eight complaints against Crypto-Guider on PersonalReviews. It’s pretty evident by now that this brokerage is fake.
A legit brokerage is not associated with withdrawal issues, illegal fees, fake promises, etc. Please heed the warning of this unfortunate victim:
Crypto-guider is a full scam and only want to rob everyone of their entire life savings. That’s their main goal! They do not care for anyone. Only their pockets… They are scammers , every number they called me from is disconnected after every call…
- PersonalReviews user, January 3, 2023.
Crypto-Guider’s Trading Platform
Crypto-Guider’s trading platform is web-based, i.e. WebTrader. It can be accessed via mobile as well. Advertising this platform is one thing but the reality is different.
Usually, WebTraders are lackluster online terminals with limited features. Aside from basic charts and graphs, there’s nothing else – no automated trading option, no live market reports, etc.
Since Crypto-Guider has no demo account, we couldn’t check this platform out. This broker doesn’t offer legit third-party software such as MT4 or MT5. Nevertheless, even the greatest trading platform cannot compensate for the lack of a trading license.
Which Financial Instruments Does The Platform Include?
According to Crypto-Guider’s website, the broker offers the following trading instruments:
- Forex currency pairs – EUR/USD, AUD/CAD, GBP/NZD…
- Indices – NASDAQ100, FTSE100, IBEX35…
- Commodities – gold, crude oil, gas…
- Shares – Google, Netflix, Tesla…
- Crypto – BTC, ETH, TRON…
Crypto-Guider’s Countries Of Service
Let’s make an overview of the countries in which Crypto-Guider illicitly provided services:
- US;
- UK;
- Canada;
- Germany;
- India.
You already know how Crypto-Guider got blacklisted in Canada, but what about the other domains? Germany is under ESMA so it’s off-limits to Crypto-Guider. The broker is not compliant with India’s regulations either.
Don’t even get us started on the UK or the US. These domains probably feature the tightest regulations in the world. There’s no room there for scammers like Crypto-Guider and StoxDC.
Account Options Offered by Crypto-Guider
Crypto-Guider offers six different trading account types:
- Bronze – 2,500 $;
- Silver – 10,000 $;
- Gold – 25,000 $;
- Diamond – 50,000 $;
- Private Wealth – 100,000 $;
- Legacy Portfolio – 500,000 $.
As you can see, the minimum deposit for the most basic account type is 2,500 $. Preposterous! There are countless legit brokers that allow you to open a Micro-account for just 10 $. The worst thing about it is that Crypto-Guider is not regulated.
Leverage, Spreads and Fees
When it comes to the trading conditions, i.e. leverage, spreads and commissions, Crypto-Guider is decent in that department.
The broker’s max leverage is 1:50, which is in line with the regulatory limit for retail clients in the US and Canada, but not in Europe (1:30).
Crypto-Guider’s spread for the benchmark EUR/USD pair is around 0.2 pips. It’s really competitive and tight but the commissions are unknown.
Can a Trader Use a Demo Account?
No. Crypto-Guider does not offer a risk-free demo account. It means that in order to trade with Crypto-Guider, you have to invest at least 2,500 $ in an unregulated brokerage.
On the registration page, there is a promo code field. We assume the scammer sends this code to those deemed perfect targets to get defrauded.
Terms of Service for Crypto-Guider
We already mentioned that Crypto-Guider’s Terms and Conditions text was copied from somewhere else. Just recall the whole Estonian governing law farce.
It was enough for us to conclude that the whole T&C section is illegitimate. You shouldn’t trust brokers that don’t reveal the name of the company that operates the business or the real physical address.
Also, the legal section is full of traps and shady clauses. For example, Crypto-Guider issues bonuses but there’s a catch.
According to the T&C, “bonuses issued to Client by Crypto-Guider may only be withdrawn subject to execution of a minimum trading volume of 30 times the deposit amount plus the bonus issued (“Minimum Trading Volume“).” Tough luck withdrawing funds while chained by that precondition.
Withdrawing Profits From Your Broker Account
Crypto-Guider listed the three traditional payment methods as available:
- Credit/debit cards;
- Wire transfers.
- E-wallets.
Per the deposit and withdrawal policy, the fees are the following: “50.00 USD/GBP/EURO for wire transfers; 25.00 USD/GBP/EURO for credit cards plus a processing fee of 10.00 USD/7.00 EUR/5.00 GBP; 25.00 USD/GBP/EURO for ePayments.”
The minimum deposit is a staggering 2,500 $ and with these fees and the bonus policy, it’s just not worth it.
What Should I Do If I Got Scammed by Crypto-Guider
If you notice that Crypto-Guider violated any terms and conditions, please notify us about it. We will gladly report the scammer to the authorities.
Furthermore, we can help you get your money back. You need either a chargeback or a recall, which can be requested at your issuing bank. Book a free consultation with us to learn what you should do!
If you were scammed by a broker, let us know.
What Is Crypto-Guider?
Crypto-Guider is an anonymous trading scam. This bogus website is not regulated and neither is the trading platform.
Is Crypto-Guider a Regulated Broker?
No. On the contrary, Crypto-Guider has been blacklisted by four Canadian financial market authorities.
Does Crypto-Guider Have a Referral Program?
No. Crypto-Guider does not offer any kind of referral or affiliate program.
Does Crypto-Guider Offer a Demo Account?
No. Crypto-Guider does not offer a risk-free demo account for practice.
