Crypto Engine Review 2024: Keep Your Investments Away From This Firm
Understanding how to read and evaluate the market to attempt and make the best decisions with your money is one of the hardest aspects of any kind of trading. Beginners may find it completely daunting since even seasoned pros have been known to make mistakes.
That is why choosing the right company, whether it’s a broker or a prop firm is imperative for success. That brings us to our Crypto Engine review, where we evaluate the company from head to toe so you can make more informed decisions.
Delve into the firm’s operations and learn what agenda is hidden behind the name. Additionally, check out our BP Prime evaluation if you are looking for a broker.
About Crypto Engine
All scam affiliate campaigns are similar. They can easily be recognized because almost all of their websites look the same. Only a couple of words about the ‘services’, a web form, and an FAQ about trading in general.
There is not much that’s known about this firm either. Their anonymity is the only transparent thing. Other than that, the lack of transparency seems concerning and could present an issue if you deposit your funds with them.
According to WHOIS, the domain is registered in Wyoming, United States. The owner is hidden using a paid service, however, we were able to find out the name of the organization, which is Anonymize, Inc. Even the name of their organization is anonymous.
There are several unfavorable Crypto Engine reviews and anonymous payment methods have been noticed by ScamAdviser. So far, we haven’t learned one good thing about this company but let’s give them the benefit of the doubt, shall we?
| Company Type | Affiliate Campaign |
| Legal name | Crypto Engine |
| Regulation | Not expected |
| Registered in | United States |
| Established | 2020 |
| Website | www.crypto-engine.org |
| Financial Authorities Warnings |
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| Contacts |
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| If a withdrawal is possible | N/A |
| Fees |
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| If Active on Social Media: | No |
| Investor Protection: | None |
| Activity areas | United Kingdom, United States, India, Poland |
| Main threats | Scam affiliate campaign; |
| Main perks | No perks; |
Legal Information
The first thing we noticed when we visited the website is how the firm prides itself on helping traders find a reputable broker. However, in the other section of the website, it’s mentioned they’re not checking the regulatory requirements of your country.
So how will they find a reputable broker without checking the necessary regulatory requirements? Our Crypto Engine review is here to uncover that.
Crypto Engine trading doesn’t exist and everything is done through brokers. That means that the company is not required to obtain a license, as it is not providing financial services directly. That means the broker is required to be regulated to ensure the security of your funds.
The truth is, the bot works like a gamble. It will search for a brokerage company without checking regulatory requirements and after it pairs you with it, their work is done and they’re not liable for any damage. This is why choosing a regulated firm is imperative for success.
Crypto Engine Features
Crypto Engine doesn’t offer any features or a trading platform, instead, it works as an affiliate and refers you to brokers to earn a commission. You can reach the launchpad in the 2023 cryptocurrency marketplaces by registering. Even if you’ve never traded before, you can begin doing so a few minutes after enrolling.
Joining the Crypto Engine community will give you access to an easy-to-use trading environment, 24-hour help, and a free one-on-one support call to get you going. Users of Crypto Engine get access to the newest trading technologies, which is very helpful for novices.
However, education is crucial to start trading with brokers, especially since there are so many scammers around. So this company advertises that you can start trading anything, without any prior knowledge. That isn’t entirely true now, is it?
Crypto Engine Cost
The Crypto Engine sign in process takes a few minutes. All you need to do to get started trading is deposit a minimum of $250 after registering. You won’t have to pay extra for any services using Crypto Engine. However, there might be some broker fees so make sure to pay attention.
You can use the platform completely for free and all deposits, withdrawals, and other fees are with the broker you’re paired with, including spreads. Crypto Engine gets a commission for every trader they pair, which is why they don’t charge anything.
Traders Speak Their Mind
We weren’t able to find any trader feedback on Trustpilot, Sitejabber, or any other well-known platforms. The only thing we did come across is this Crypto Engine Reddit discussion, where two traders wonder whether or not this firm is worthy of investing in.
However, there are only questions and no answers. It seems like all videos and articles available are biased and there are no traders who can share their thoughts. This firm is very anonymous and lacks transparency, which is highly concerning. Be aware of the Crypto Engine scam.
Payment Options and Process
The deposit is done through brokers, not Crypto Engine, which means the deposit options available are unknown. Usually, brokers allow paying with cryptocurrency, credit cards, wire transfers, or e-wallets. However, according to ScamAdviser, anonymous payment methods have been discovered on their website.
While the registration process is easy and well-explained, there is nothing about withdrawing your funds. The process is not explained, nor are the fees or limits. However, considering that there’s a chance you’ll be paired with an unregulated broker like OspreyFX, the chances of withdrawing your profits are very slim.
Weighing the Pros and Cons
| Pros | Cons |
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Can I Make Money While Trading Online?
The Crypto Engine app looks like a great choice at first glance, however, the company is a risk. You will have better luck in finding a broker yourself than with this company.
That said, making money while trading is not impossible. It requires time and dedication, sure, but after you get a hang of it, it becomes easier over time. With the help of the right tools, it can be even easier. One of those tools is AI.F, a potent analysis bot.
This bot is the ultimate game-changer in the trading world and all you need is a bit of knowledge and decision-making experience. Just like everything in life, the bot isn’t suitable for everyone, which is why we offer you a 14-day trial to experience it yourself.
After you accomplish your first trade with AI.F, we promise you won’t be able to trade without it. And the bonus is the reliability of this tool that you won’t find anywhere else. Reach out now and talk with our specialists to experience trading in the future!
FAQ Section
What is Crypto Engine?
Without offering direct trading services, Crypto Engine is an affiliate platform that links users to brokers in an effort to generate commissions from these referrals.
How Much Does Crypto Engine Cost?
Although there are no fees associated with using Crypto Engine's platform, users must deposit at least $250 with a broker to begin trading. The broker would charge any related fees.
Can I Make Money With Crypto Engine App?
Although Crypto Engine might make it easier for traders to connect with brokers, its affiliation with unregulated brokers and lack of transparency cast doubt on the platform's capacity to provide profits.
