Cryptogo365 Review: Find Out Why This Broker Is a Scam
Let’s just say that CryptoGo365 is a scam and not an innovative one. The company onboards customers without any authorization, running the fraud from offshore. We’ve seen it numerous times before.
And yes, you guessed it, they are an unregulated and unauthorized company or in other words, just another investment scam looking to strip you of your money.
With this said, read our honest Cryptogo365 broker review to learn all the shady tactics this and many other scam brokers use.
|Address||Beachmont Business Centre, 297, Kingstown St. Vincent and the Grenadines|
Security and Compliance for Cryptogo365
As we have mentioned above, in terms of regulation, Cryptogo365 doesn’t have one.
This alone is a red flag and you should stay away from this or any other scam brokers alike.
Not only does Cryptogo365 offer unauthorized financial services but since they have no regulation, this means they don’t need to oblige to certain laws that are usually set with being regulated.
In other words, they are nothing but just another offshore scam company that is looking to take as much money as possible from you.
Website’s Trading Platform Overview
CryptoGo365 was supposed to offer its own web platform that was also available as an app for Android and iOS. The broker claimed that their “platform is developed for traders and investors who demand higher performance and better trading conditions”.
However, we could not test out that amazing software because the broker would not allow us to open an account without a referral code.
Offshore companies like this one, operate with just one goal and that is to scam you out of your money, and that’s why it is impossible to check anything out before you make a hefty payment.
Account Types at Cryptogo365
When conducting this Cryptogo365 broker review we also looked at the different account types this scam broker offers. There are 5 types:
- Rookie- This type requires a minimum of $250.
- Basic- Minimum deposit of $2,500
- Elite- $10,000
- Elite Plus- $25,000
- VIP- the exact amount needed in order to open this account is unknown
No matter the type you choose, the broker allegedly offers a safe platform, 24-hour trading, and a mobile trading option.
Deposit and Withdrawal for Cryptogo365
When it comes to the deposit methods, unfortunately, we were unable to find what methods they offer, since the only way for you to activate the account is through a referral code. We didn’t have one.
But, either way, we do advise you to stay away from this illicit broker and invest your money with a legitimate brokerage. Another major red flag is that the broker states that it may limit withdrawal requests on some accounts but fails to mention in what cases.
How Did This Brokerage Perpetrate Fraud?
The fraud is perpetrated in the same manner as many others of a similar kind. Cryptogo365 scam broker will first try to get your information if you have left it on some of those sketchy internet ads.
After this, their experienced brokers will call you nonstop in order to bridge the crucial gap that exists between a user and a broker. They will seem interested in your life, your problems, etc. until you crack under the pressure and invest.
It is easy to fall prey to their sweet talk, and don’t be ashamed if that ever happened to you. On average, it takes 2 to 3 deposits for a user to realize that something very unlawful is happening. By that point, however, the broker will cut all communications with the user and will try to deny all withdrawal requests.
Getting your money back is possible and there is no need to feel ashamed about it. Feel free to reach us since we can help you report your scammers to the right place. And always read the reviews first.
In this Cryptogo365 review, we tried to warn you about this scam broker and the fraudulent tactics they use to lure in their clients.
They allegedly offer their clients an opportunity to invest in both forex and CFD with the possibility of making huge profits, but in reality, they are just pocketing your money.
As always we advise you to stay away from brokers operating from St. Vincent and Grenadines and falsely claiming to be legit. Make sure to always read reviews before investing. And in case you need any help in getting your money back, reach out to us!
FAQs About Cryptogo365 Broker
Is My Money Safe With Cryptogo365?
As this scam broker follows no regulations it’s safe to say your money isn’t safe while working with them.
What Is The Minimum Deposit for Cryptogo365?
The minimum deposit requirement set by the Cryptogo365 scam broker is $250, which is quite high.
Does Cryptogo365 Offer a Demo Account?
No, Cryptogo365 does not offer a demo account for clients looking to try out their services before signing up for a rookie account.