Crypto Wealth Expert Review: Stay Away From This Scam Business
From time to time, we like to remind ourselves about shameless brokers who operate without a license with only one goal in their mind; to scam investors. That is why our Crypto Wealth Expert review was written, to highlight the good and the bad before you commit, so you don’t make the worst mistake that will cost you your funds.
This broker has a very bad reputation that was short-lived. From lack of transparency and regulation to the FCA warning and bad reviews, it seems this firm doesn’t care about anything except taking money from traders. Keep reading to learn more and make sure to check other reviews on our page to find a broker that will suit you the most.
About Crypto Wealth Expert
The Crypto Wealth Expert broker is no longer operational, and their life was short-lived. The business was probably established with the idea to scam investors, considering they were shut down soon after they opened. And look, with no surprise, they are based in St. Vincent and the Grenadines.
When looking for a broker, you would definitely want to find one that is regulated by ASIC, FCA, SEC, or other reputable authorities. Never place your trust in a broker that has no license or history of trades. Even though we would love to talk about the benefits this company offers, it seems that they offer nothing but losses, which is not something traders would like.
|Crypto Wealth Expert
|St. Vincent and the Grenadines
|Financial Authorities Warnings
|If Active on Social Media:
|United Kingdom, Netherlands, Finland, Serbia
|Unregulated scam business;
Crypto Wealth Expert Regulation
This firm was operating without a license, meaning it lacked regulatory oversight. With prop firms and tools, regulation is usually not expected because they are not handling clients’ money directly, however, it’s a different thing with brokers.
Since they provide financial services and handle your money, regulatory oversight is crucial. The FCA even published an investor alert about Crypto Wealth Expert because they were mainly operating from the UK and targeting UK investors.
Crypto Wealth Expert Features
Certain aspects of trade, such as leverage, aren’t even disclosed, but others are implausible. For instance, as shown from within the platform, the spreads at EUR/USD start at 0.93 pip, which is within the range of what more respectable brokers offer.
There isn’t much that Crypto Wealth Expert can give prospective customers. Fake software isn’t a dependable technological means of generating income. Furthermore, there are just a few fundamental groupings of instruments available.
The availability of a demo account is one benefit of the full package—until you discover that it’s also a tool scammers might use to lure you into investing.
Crypto Wealth Expert Reviews
Things are not looking good for this broker so far, and once we checked the Trustpilot reviews, it made it worse. From a total of 53 comments, the broker earned a 2.1-star rating. Not only that it’s bad but also worrying when you think about all those traders who got scammed.
Almost 80% of the comments are unfavorable and even these 5-star reviews look suspicious. Every unfavorable comment has one thing in common; they were scammed by this brokerage. One trader was scammed for 5,000 euros and whoever wants to withdraw their funds fails to do it due to the broker disappearing.
Some traders were blocked even after just depositing the initial $200. This scammer would stop at nothing to get your funds and you wouldn’t even know because everything sounds perfect. Not to mention that several traders complained about constant calls and texts. Stay away from brokers like this.
Deposits and Withdrawal Methods
Depositing your money with brokers like this or Lara Trader can never end well. The risk of losing your entire investment is big and if you are an inexperienced trader, you can easily fall prey to the Crypto Wealth Expert scam.
Withdrawing your funds can also appear challenging but don’t give up. Report the scammer to the authorities and local law enforcement to get your funds back. Dispute the charge with the bank immediately if you deposited before it’s too late.
Brokers like this will constantly call you offering all kinds of stories about huge profits and returns only to make you deposit your money. If you are lucky, you will only deposit the initial and if not, they can even make you buy a plan immediately, just to scam you quicker.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
With this, we conclude our Crypto Wealth Expert review and things are not looking good for the broker. Luckily for traders, they went out of business but there is always a chance they will reappear under a different name. Avoiding brokers like this and Invesa Capital is your best chance of becoming a successful trader.
A great alternative you can partner with could be Eightcap, TD365, Broctagon Prime, or any other broker that is regulated by a reputable authority. These platforms prioritize transparency and compliance, providing a safer environment for traders.
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What is Crypto Wealth Expert?
It is a brokerage company with a short life span that scammed investors. Luckily, they are out of business today.
How Can I Withdraw Money From Crypto Wealth Expert?
It can be challenging to withdraw money from a non-operational brokerage. The best you could do is report them to authorities and local law enforcement to try to gain back your funds.
Is Crypto Wealth Expert Legit?
This broker is not a legitimate business considering the lack of regulation, transparency, and bad reviews.