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Cryptogo365 Review – Facts About Cryptogo365.Com
Table of Content
Cryptogo365 Review, This broker belongs to CryptoGo365 LTD which is registered in St. Vincent and Grenadines. The company is in the financial market since 2021, but in 2022 they have registered with FSA. However, the Financial Service Authority of Saint Vincent and Grenadines dissociates itself from providing FX and CFD trading regulations.
Any company that goes offshore is doing that for one reason only. To hide something. Whether it’s avoiding taxes, avoiding regulations or being a ghost. That is why it’s so important to look for regulated companies that provide transparency.
|Headquarters||St. Vincent and Grenadines|
Regulation and Security of Funds
Giving money to a CryptoGo365 broker is safe as borrowing money from loan sharks. You know it’s not going to be easy. CryptoGo365 trading company doesn’t have any regulations. We double-checked as well Tier 1 and most trusted regulators. Some from the list are FCA, BaFin, ASIC and AMF.
As we were expecting, this company is not listed anywhere as a reliable and trusted trading provider.
When you are working with an offshore company, often bank accounts that they are using are as well there. So, any transaction that you are making is maybe even invisible. Not to mention if you are using a crypto wallet as a payment option which is even harder to trace.
With a licensed broker you know exactly where the money goes, who monitors the company activities, you know all trading conditions and in case that company disappears you have someone to contact.
Trading Software Overview
Software in trading is one of the crucial elements for a successful trading career. If you don’t have tools that will improve your trading results, you are already behind. CryptoGO365 broker offers only web trading, which is available for desktop and mobile versions.
We wanted to check provided features and tools, but we couldn’t do so. This broker has a trademark for scammers which is a referral code. Upon registration, to get access to the trading platform you need to put in a referral code. Now, there is a trick. You can only get a code from their agents.
The journey began and you get several calls from them. The end goal is always the same, to make you invest as much as possible.
From other CryptoGo365 broker reviews, we realize that their software is nothing spectacular. Just a fancy design with basic trading tools and some advanced indicators. However, they don’t provide any advanced features like copy trading, EAs, and social trading.
What Kinds of Accounts Does Cryptogo365 Offer?
There are 5 different account types that this broker offers. Those are:
- Rookie – 250$
- Basic – 2.500$
- Elite – 10.000$
- Elite Plus – 25.000$
- VIP – 100.000$ – on request
When you take a look at the conditions for every account type, you realize that there are no special benefits for adding more money. They don’t offer any significant difference between Basic and ElitePlus accounts. Anyway, you got an idea so far of how it works.
We always suggest clients open first a demo account or micro account. Unfortunately, with this broker none of mentioned is available. Start looking for a licensed company on time.
What Can Be Traded on the Market at Cryptogo365?
According to CryptoGo365 reviews they offer 5 different instrument classes. Those are:
- Forex – USD/NOK, EUR/SEK, GBP/SGD
- Commodities – oil, platinum, silver
- Indices – AU200, BE20, Nikkei225
- Shares – Amazon, Visa, AMD
- Cryptocurrencies – BTC, DOGE, SHIBA
The only problem with this is that they are not authorized to trade with these assets since all except Forex are CFD trading. Let’s not forget the leverage that they provide. It is up to 1:400. That high leverage exposes trading accounts to enormous risk. One wrong move and you lost all of your funds.
As we mentioned earlier, try trading with a micro account with these leverages and you will realize how easy it is to lose everything.
Deposit and Withdrawal Method
According to the website, they are verified by Visa and Master Card. That means you can use cards as a depositing method. Besides that, most probably they offer a crypto transfer because those are very hardly traceable. What is interesting is that if you check the FAQ section of the broker’s website, you realize that there is no question about withdrawals.
That is not happening without a reason. Brokers like this, tend to lure clients into depositing as much as they can. Now, when a client wants to withdraw the funds, that’s where the real problem starts. According to the company T&Cs, they can put limitations on withdrawals. What is surprising is that they don’t mention in what cases.
As we are mentioning the whole time, regulation is the key to success in trading. Non-regulated companies can make up any conditions they want and you can’t do anything about it. Once you realize that you are getting scammed it’s already too late.
Don’t be ashamed if that already happened. It could happen to anyone. These are well-trained experts in that field. Still, there is a solution!
If Cryptogo365 Scams Me, How Do I Get My Money Back?
It all depends on what depositing method you were using. If it was a credit/debit card you are lucky today. Because a chargeback is the easiest option. For wire and crypto transfers, the situation is a bit more complicated for non-experienced traders. However, for every business, there is an expert.
Get in touch with our team today, to get advice on the first step!
FAQs Cryptogo365 Broker
Does Cryptogo365 Offer a Demo Account?
No. Cryptogo365 broker only offers live trading accounts. Since they are not licensed for trading on FX and CFD markets we don’t recommend using their services.
What is the Minimum Deposit For Cryptogo365?
The minimum requirement is 250$ like in most trading companies. We suggest you look for a licensed broker that offers micro or demo accounts.
What Are The Funding Methods For Cryptogo365?
This broker offers a debit/credit card funding method. It’s not excluded that broker is as well accepting crypto payments as well as wire transfers.