Cryptec is an unlicensed Crypto Currency CFD broker, which opened in September 2019. This broker is out of business!
For withdrawal problems and complaints, read this.
WARNING!!! Cryptec is NOT Licensed by the FCA!
Cryptec Reviews
Cryptec gives their clients and investors a web based trading platform made by Proftit. Their Crypto Currency trading software has CFD’s (Contracts for Difference) available on many Crypto Currencies, and virtual coins.
The minimum deposit for a new trading account starts at $250. Officially they offer five types of trading account, and the difference between them is: margin level, minimum deposit and bonus amount. Margin rates for Crypto trading is 10:1 and goes up to 40:1 for investors with $50,000 to gamble.
50% – 150% Bonus is offered to all accounts, but you better understand what bonus money is, and the problems it causes when you are interested in making a withdrawal. Basically, bonus money locks up your entire deposit, and you will not be able to withdraw anything, until you have trades so much volume, you’ll probably have nothing left. Make sure you read the terms and conditions three times before accepting a bonus.
Is Cryptec.io a Legit Exchange?
No, Cryptec is an unlicensed offshore CFD broker.
Scam Broker Investigator has reviewed hundreds of these new Crypto Currency CFD brokers, to see if they are a legitimate, simply by checking for a valid license. A legit Crypto CFD brokers must be licensed by the Financial Conduct Authority in the United Kingdom, or by IIROC in Canada.
Cryptec is owned by Point Place Ltd, which is located at: Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica. Their payment processor is MeanTech OÜ, located at: Harju maakond, Tallinn, Kesklinna linnaosa, Maakri tn 19/1-7K, 10145 Estonia.
Their phone number is in Denmark: +45-78726185. Customer support email address is: [email protected], and the official website is: https://cryptec.io/.
Compare Crypto Brokers
Smart traders always verify that the broker they are going to invest with, is actually licensed in their local country of residence. With hundreds of Crypto brokers to choose today, investors usually choose one of the popular brokers listed here.
What was your investing experience with Cryptec like? Please leave your review in the comments below.