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Mycripto Trade

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Operating status: SCAM

Website: http://mycripto.trade/

Broker violations and abnormal records
  • 2023-05-18 BrokersView has reviewed that Mycripto Trade is an unregulated broker

    Mycripto Trade marks itself as a reliable broker while fails to provide essential details including company address, phone numbers, and regulatory information, a clear scam indicator suggesting that it is not supervised by any regulatory body. As such, any offering of financial products or services by this broker is illegal.

    In essence, Mycripto Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Mycripto Trade marks itself as a reliable broker while fails to provide essential details including company address, phone numbers, and regulatory information, a clear scam indicator suggesting that it is not supervised by any regulatory body. As such, any offering of financial products or services by this broker is illegal.In essence, Mycripto Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Do I need to deposit a demo account?

Tobias Roscoe
Djibouti
2023-05-22
ANSWER Mycripto Trade is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Mycripto Trade marks itself as a reliable broker while fails to provide essential details including company address, phone numbers, and regulatory information, a clear scam indicator suggesting that it is not supervised by any regulatory body. As such, any offering of financial products or services by this broker is illegal.Regarding your question, we suggest you avoid dealing with Mycripto Trade since it is a non-regulated broker potentially posing a huge risk to investors. Once you use it for investment, you may suffer loss of funds and identity theft. There are no rules in place to protect you. Therefore, investors are encouraged to stay away from unlicensed brokers like Mycripto Trade and opt for fully regulated ones instead. 
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