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CryptoGM Review – Best Crypto Broker or Not?

CryptoGM is a broker who offers unique type of trading assets to the crypto enthusiasts. If you haven’t seen their asset class, then you have no idea about the kind of opportunities it presents.

While their platform seems reliable, surprisingly there is no testimonials about them on the web. If you are on the fence trying to decide whether or not to deposit on to this brokerage, then continue reading our detailed review.

We are going to walk you through every aspect of this broker. CryptoGM Review

Licenses, Regulation and Customer Support

Though the cryptos for the most part is unregulated, it is always a wise decision to stick with regulated entities only. While you may not get much advantage in terms of leverage, the trading conditions for the most part will not have a conflict of interest.

Not all unregulated exchanges are frauds, but in the last century they have notorious history of looting the newbies in the name of investments. CryptoGM is operated by Major Technologies and MajorBizDev limited who is registered in Ireland.

However, they do not appear to be a regulated body and there are no details about this matter on their website. If you have any questions left unanswered in this review, then you can reach the support team of this platform via telephone and email.

Due to a shortage of feedback from existing clients, we cannot comment anything on their efficiency. Here are the contact details.

Phone – +353768887776

Email – [email protected]

Address – 3 Cavendish, Dublin, Ireland.

Charting Solution and Leverage

CryptoGM is not integrated with MT4 and 5 platforms which means they are web based platform. The software runs on any device with an active internet connection. However, there are a few downsides to it as well.

For starters, anyone who is used to Expert Advisors won’t be able to execute the trades which might turn out to be a deal breaker. Moreover, we don’t know if they offer social trading or not. In short, unless you are interested in manual trading this platform will not be suitable for you.

The leverage in cryptocurrency trading is generally low, but the lesser leverage means it will be ideal for the newbies. After all, leverage has the power to amplify your gains and if it breaks the other way, it might end up costing your whole account. Always stick with risk management basics and unless you have mathematical edge, it is not worth taking any trade.

Asset Class and Trading Conditions

CryptoGM offers the biggest asset class we have ever seen in a long time. All the instruments are traded against BTC and the list includes all of the major markets from US500 to Gold along with traditional forex pairs.

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One thing is for sure, regardless of the kind of trader you are, this broker has something to offer to everyone in the crypto sphere. The only complaint we have is that, they have not specified the exact margin amount required to open a trading position.

Remember, the margin requirements changes constantly and it is very much needed to take pre calculated risks. So, get in touch with the support team to keep an eye on this matter and as long as there is constant communication, it shouldn’t be a big problem.

Deposits and Withdrawals

The minimum deposit and withdrawal amount is not specified on their platform. Payments methods used by them are major credit or debit cards and wire transfers. It would have been great if they also had online payment options like Skrill or Paypal as a major part of the population uses them.

Moreover, they have not stated the time required for them to process withdrawals as well. Generally the time required for wire transfers can go upto 14 days, but for the exact updates on the withdrawal, it is best to get in touch with their support team.

Domain Insight

Below are the demographics of this broker. Source – Alexa.com and Whois.com

Domain – cryptogm.com

Registered On – 10/10/2017

Expiry – 10/10/2019

Alexa Global Rank – 2,592,776

CryptoGM Review Conclusion

CryptoGM offers unique set of advantages along with some drawbacks to the clients. Most of the people who love cryptos would definitely love the option it provides. However, due to unavailability of semi-automated systems, it has a narrow audience.

On the flip side, since they are unregulated the safety of your funds is not up to the mark and we do not know if they have negative balance protection which is also an important aspect.

Ultimately, it all comes down to your preference, but if you have to stick with them, then test them out with minimum capital to see whether they meet your expectations.

Do you have any experience with CryptoGM? Feel free to share your opinion by leaving a comment below.

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15 Comments

  1. Victor

    I have been trading with cryptoGM for a month now and together we have made significant profits, more than I expected, so lucky for me. The staff are extremely helpful and have explained everything to me at length. Trading in Cryptocurrencies is exciting and they are extremely knowledgeable in this area. But more importantly due to my own work liquidity issues I had to make 2 withdrawals at short notice. The first was for approx $5000 and the second for $21000. Both were dealt with by crypto’s team very quickly and I must say professionally. Both transactions were completed within the the hour and they even walked me through the transfer via Locabitcoins back to my bank account.

  2. Maude P

    I started to trade a small amount of £250 and was persuaded constantly to increase the amount which I did increase to £500. I made a profit of £100.
    Something came up and I needed to make withdrawals. I have been waiting for my refund since July, send several emails to them, on the 6th of September I got a refund £250,then they closed my account with them without any notice.I have sent more emails for the rest of refund to no avail. I am still waiting.

    • Taylor

      I am constantly being told by Cryptogm that their system for paying my deposit money back into my account is having technical difficulties – they want to transfer the money back through a site named Anydesk or Zoom video conferencing – has anyone else had the same issue?

  3. Harry Broughton

    I trade with them, they provide me a very good service
    As one who came to this market with no knowledge or experience they offer a wide range of information on the Bitcoin and the crypto markets
    I checked the system and all the withdrawals I made were paid off successfully. Highly recommend working with them

  4. Kevin McLoughlin

    I traded with them on $500 and made profits. Then increased funds to $5600. Trading went well so I asked for proof of withdrawal and a withdrawal of $5000 was requested.
    It took a week to get nowhere with them. They appear helpful but the funds have still not appeared. They allegedly tried refunding to credit card, and direct IBAN transfer. No funds to dat – a lot of hollow promises.
    THIS IS A SCAM. STAY CLEAR.

  5. David Alexander

    Before putting any funds in, I sought & received assurances that I could withdraw the funds at any time. After trading for about 5 days I decided that I would not put in the large amounts of money being requested from (started at $100000, but dropped to $5000) because of doubts about the transparency of the process and risks. Two weeks ago I requested my funds be returned. Ken Kovack comfirmed that the funds would be paid to me. I am still waiting.

    • David Alexander

      I am pleased to say that CryptoGM has advised me of the reasons for the delay (which I accept) and have bent over backward to remedy the situation. In the end they could not have been more helpful, but some timely communication along the process would have been better. The original funds plus a small profit have been sent to my account.

  6. peter bottomley

    I started with this company about a week ago and have had 4 trades so far
    each one has worked out but the last 2 took 3 or 4 days to go into profit
    return seems good and limits are set on each trade so when the target price is reached it is automatically sold and the funds appear in your account
    The figures are all shown and how the trade is progressing.
    I have been asked to increase my capital but so far keeping it to a low amount, my trader is Ken Kovak and he seems ok he keeps in touch as and when a trade has completed. But early days and as yet not tried to withdraw anything from my account

  7. Taylor

    I came across this company through what I believed was a Martyn Lewis recommendation (have since discovered these were fake ads) – I had literally just completed my information and my phone rang, an american guy called Nic who talked me through the process and took my bank details in order for me to deposit some money to start trading. I then received a call from Denis Petrov but I just did not have a good feeling and I told him I’d changed my mind and it wasn’t for me and he became quite pushy in his manner. I ignored further calls and applied for a withdrawal of my money (in a ‘waiting’ status) have sent several emails to Denis Petrov explaining I do not wish to proceed and wish to withdraw my money which have gone unanswered – just concerned that because I have given my bank details, if it is a scam, they can get funds from my bank account.

  8. Linda

    I had been trading with this site and trusted my savings with an Advisor/manager called Denis Petrov. 12 days ago after losing a fair bit of my money, I decided to withdraw what is left in my account. However, all it says it is in a waiting status, whatever that means. I have tried to contact all the different numbers and emails but have had no luck. This was my only money I had and I am so upset

    • TIGGY

      Sorry to hear about your predicament.
      What i did was request a fund withdrawal using there trading web site.
      I got a phone call asking why i was withdrawing my money, my answer was to TEST weather i could withdraw my funds without hassle as i was concerned about my visa payments had used Russia and Nigeria for the fund transfer but was told that was quite normal, and it would take a few days to complete my withdrawal. I said if i had ANY problems i would ask my Visa company to step in, and i would make my dealings with them (CryptoGM) public via Facebook and YouTube, stating exactly my experience from start to finish with them. If this influenced them in my case or not i do not know. I received further calls from CryproGM employees asking if i was happy i told them i was satisfied with them, see my posts. So i am surprised to hear about your experience with them.
      A couple of days later the funds were in my visa account.

      let us know how things turn out!!!!!!!!!!!

  9. tiggy

    I joined a week ago 1st trade fine took a day
    2nd trade took 2 days fine
    3rd trade by adviser still running (from 7th – 11th august
    margin is 2% profit no loss set
    wondering how to close because when i checked payment via visa it went 1st one of minimum funds to RUSSIA and second one to NIGERIA am very worried about how to withdraw my funds when active trade finishes i wanted to use the gordon ramsay site bitcoin evolution and ended up with CryptoGM by mistake

    • tiggy

      have canceled my active trade and applied to withdraw my funds via there withdrawal page got a phone call from them explained i had made a mistake opening an account with them, they said my funds would be put on my visa card within a couple of days I will keep you posted
      They seem to me to be very understanding and reasonable BUT we will see

  10. john

    I have used them, no communication for over a week now, despite numerous e-mails and use of live chat to speak to an advisor.

    Also, try googling the phone number, it’s reported in numerous scams which is what got me worried in the first place.

    Had almost instant phone calls etc from initial Advisor/Manager, then was replaced with another, so maybe he is the problem, but getting a little bit resigned to the idea that I have been scammed

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