CryptoGT Review – What Are The Most Disturbing Facts About This Firm?
Crypto GT company is one of those registered in highly suspicious areas. In this case, the Marshall Islands, a country known as a hub for swindlers. But there’s a simple way for a company to make themselves legitimate. Just to obtain any Tier 1 license.
This makes a whole lot of difference, and nobody would care if the broker is registered on Mars. Anyway, this detailed CryptoGT review will reveal all the risks involved in trading with this company. But also some basic tips for choosing a broker and the benefits of AI trading tools.
|Company Type||Active trading scam|
|Legal name||Hatio Ltd|
|Regulation||Unregulated / Offshore broker|
|Registered in||Marshall Islands|
|Financial Authorities Warnings||No official warnings|
|Contacts||e-mail; web contact form|
|If a withdrawal is possible||Highly unlikely|
|Fees||Spreads from 1.4 pips / no commissions / $250 inactivity fee + $100 for every consecutive month|
|If Active on Social Media:||Yes – Twitter, Instagram|
|Activity areas||Japan, Indonesia, Cyprus, United States, Turkiye|
|Main threats||Lack of transparency and regulations; poor customer support options; risky trading conditions;|
Regulation And Security Information
When the company has offshore headquarters, you can always expect issues. Especially if the brokerage is not licensed. Generally speaking, we are always striving for investment firms with top-tier regulations, such as BaFin, ASIC, FCA, or CFTC. But after looking in these registers, we didn’t find any records of Hatio Ltd (their legal name) being regulated.
Where Are CryptoGT FX Clients Coming From?
Important to realize is that this firm has been active since 2017. You would expect them to build quite a reputation since then. Yet, that’s not the case. In the first place, you need to know that many scammed traders come from:
- United States
In fact, all highly regulated countries. However, CryptoGT is not regulated by any of these countries. Therefore, you can’t trust their Trustpilot reviews either. Even though almost 80% of comments are positive.
Is The Trading Software Reliable?
Unfortunately, the CryptoGT MT4 platform is not available. Instead, they opted for the more advanced version of it. In fact, CryptoGT MT5 is one of the rare positive things about this firm. Most importantly, many advanced features are included, such as copy and social trading, expert advisors features, and numerous indicators and charting options.
However, our CryptoGT Review reveals that the company is not regulated, and all of this falls down the drain. Not to mention, they don’t offer either a demo or micro accounts. Yet, the importance of these offers can be seen through our Parker Prime review.
If you choose a broker based on the instrument’s availability, this could be the choice. In combination with the MT5 software, that’s a very attractive deal. However, one thing is crucial in this CryptoGT review. The company is not licensed. Therefore, all the profits you gain from the firm would be worthless. Anyway, you have a wide range of options to invest in:
- Forex – GBP/EUR, AUD/HKD
- Commodities – gold, natural gas
- Shares – Amazon, Tesla
- Cryptos – BTC, ETH
- Indices – DAX 30, S&P 500
Trading Fees, Commissions, Levearge and Spreads
In the first place, we have to mention in this honest review that the CryptoGT spread is not the most favorable one. Traders get a 1.4 pip spread for major pairs, which is close to the industry average. On the other hand, some top-tier licensed firms offer way lower spreads than this.
Apparently, the company doesn’t have any regular trading fees or commissions. However, there is an insanely high inactivity fee of $250. Which is charged after 90 days of inactivity. Every consecutive month is charged with another $100. Lastly, but most importantly, traders are offered shamelessly high leverage of up to 1:500.
Luckily, our Tradaxa review is there to show you how dangerous such leverage could be.
How To Withdraw The Money From CryptoGT Broker?
Our detailed CryptoGT review revealed too many warning signs already. But with withdrawals, you will see many more. Firstly, the company only accepts crypto payments. Therefore, chargeback is not an option if something goes wrong.
Another thing is that the company is not charging any withdrawal fees. So, how are they making their profits if they don’t have any commissions or fees? Don’t worry, once you send them that crypto, that money is gone. But once you want to withdraw your fictive profits on their platform, they will make a bunch of excuses.
Another key warning sign comes with CryptoGT customer support. The company only offers e-mail and web contact forms. Therefore, you might wait for their response forever. In general, these are not the most convenient methods for a trading business.
General Conclusion: Can We Trust CryptoGT Broker?
Our CryptoGT review helps you understand that this investment firm is nothing but a scam. They are not licensed by any trusted authority. On top of that, they have very shady conditions.
Even though they use trusted Meta Trader 5 software, that’s not enough. Once you try the AI Analysis Tool with a trusted brokerage, you will see the difference. Get in touch and start today!
How Can I Make Money While Trading Online?
Trading nowadays includes a lot of risks. Primarily because there are too many scam companies, which our CryptoGT review reveals. Instead, we encourage you to try trading with licensed firms. Even at first glance, you could see the difference. But even with those companies, traders are struggling to be profitable. Primarily due to a lack of knowledge and experience.
That’s where the AI Analysis Tool can help you heavily. Firstly, it’s analyzing the market, historical data, and patterns on your behalf. Thus, it’s not making decisions for you. You are in control of your funds anytime. Which is the most important thing currently.
Secondly, once you test this tool, you will wonder why didn’t you start it earlier. But let the results speak for itself. Contact our team today and find out all the benefits of the AI Analysis Tool.
What is CryptoGT?
CryptoGT is an offshore brokerage operating all over the world without any authorization. Especially not from countries where they operate.
Is CryptoGT Spread Favorable?
Not at all. Their average is around the industry average of 1.5. In any case, we suggest you try licensed brokers and AI Analysis Tools for maximized results.
Who Owns CryptoGT Broker?
CryptoGT is owned by Hatio Ltd. Yet, they are not licensed. We recommend you contact us for safe broker choice and AI Analysis Tool testing. Otherwise, you will waste time.