Crypto-trader.ltd is a fancy looking crypto investment solution which claims to yield returns ranging from 103% to 3000% within months. There is no evidence to support any of the information on this website as they are just fabricated lies and exaggerated claims.
Despite going through all the information put up on this platform, still we couldn’t find any clue which helps to trace the identity of the actual owners of this fraudulent platform.
This service has been active for around 8 months as of publishing this review and has managed to fool many innocent investors. Before you come into any kind of conclusion about this platform, read our review once to find out why you should never deal with this get rich quick scam.
License and Contact Details
Fake investments have plagued financial sectors for decades. Every regulatory authorities all around the world try their best to save retail investors but still due to the lack of knowledge many investors get scammed way too often than you can imagine.
Crypto-trader.ltd represents an ICO which uses funds raised from investors for trading the digital assets and in returns promises the investors certain percentage of returns depending upon their initial investment. While we were trying to validate their services, we couldn’t find any legal document they should hold which means that they are operating illegally.
The contact details of this firm are not revealed, the only way to reach the support staff of this service is via a contact form provided on their website.
Isn’t the type of anonymity maintained by this company disturbing? Let us know your thoughts.
How does Crypto-trader.ltd Work?
This firm is said to be comprised of a team of investment experts who monitor stock exchange daily and whenever a favorable exchange rate appears they supposedly enter the trade. They further state that they earn money with price drop and rise for cryptocurrency.
This narration does not make any sense whatsoever. Trading involves a lot more moving parts and the number of variables affecting an assets price on the exchange are a lot. They have not talked anything about the actual trading approach like what sort of fundamental events or technical factors affect their decision and which parameters dictate their trading bias.
Since there is no verifiable trading history of this firm, it is not advisable to trust their platform for any reason.
Cryptocurrency is a booming market which is full of opportunities, though many claim otherwise the type of volatility and media attention it has got is mind boggling. The mass psychology still believes in the fact that it is very easy to make money trading cryptos which is a wrong notion orchestrated by many fake investments over the years.
Unless you are educated about how the markets work and understand the correlation between bitcoin and other altcoins, it is better to stay away from them.
Here are the details of the investment plan this firm has to offer which is very enticing but remember the returns claims are all fake.
Started Package – 103% After 1 Day
Newbie Package – 116% After 5 Days
Client Package – 155% After 16 Days
Medium Package – 350% After 32 Days
Modern Package – 600% After 55 Days
Pro Package – 1000% After 80 Days
VIP First Package – 1000% After 15 Days
VIP Second Package – 2000% After 25 Days
VIP Third Package – 3000% After 35 Days
According to the profit calculator on this platform if you invest $500 you will get $15,000 in return after just 35 days, isn’t it too good to be true?
All ponzi schemes give much attention to the marketing department as that is where their livelihood resides. These con artist offers high incentives to any individual who refers people to their service.
There are 3 different slabs which affiliates fall under wherein depending upon the number of conversion they bring in, they are paid different certain percentage of commissions. The affiliates are also given access to a few promotional tools which is designed to help them in their campaigns. It is not mandatory for the affiliates to be an active investor in order to get their payments.
According to whois.com this domain was registered on 15/12/2017 and it expires on 15/12/2018.
This website is available in 5 languages and has some impressive stats considering the fact that they are just a HYIP site. This site ranks 42,311 in Iran and has a global rank of 201,992 according to alexa.com.
The majority of the traffic to this website are coming from Iran, Russia, Vietnam, United States and Saudi Arabia.
Deposit and Withdrawals
The minimum spend is $20 and the minimum withdrawal amount is $0.10 except for Bitcoin which requires $200. The payment methods supported by this platform are Bitcoin, PerfectMoney, Payeer and advcash.
We are not aware of any transaction fees associated with deposits and withdrawals. The time taken for processing withdrawals is not specified anywhere on their website.
Can I Trust Crypto-trader.ltd?
In short NO,
Why would you trust a company which embraces anonymity, make bold claims without showing any evidence and uses questionable practises to grow their revenue?
If there is anything these fraudsters are after, it is money. The support team of this firm will assist you only till you send your money to them, once their work is completed they are least bothered about anything else.
Crypto-trader.ltd Review Conclusion
Crypto-trader.ltd is an unregulated company and it is not involved in trading. They basically use deposits made by new investors to payout the old clients and pocket the difference amount. These type of schemes do not last for long and usually does not even complete a year.
The kind of profits promised by this platform are outright lies and impossible to achieve even with the type of volatility present in cryptocurrencies. Be realistic and never fall to prey to these kind of overnight riches claims.