This Broker is Out of Business!
Crypto Banc was an unlicensed Crypto Currency Broker, that opened in January 2018.
Crypto Banc is owned by a company called Ftm Consulting Eood, which is located at: Kranso Selo Region, Borovo Estate, 8A Gen Stefan Toshev St, Sofia, 1000, Bulgaria. Phone number in the United Kingdom is: +44 127 8226020, and their email address is: [email protected]. Official website is: https://www.CryptoBanc.net.
Crypto Banc Review
Crypto Banc gives investors an easy to use trading software, which was developed by the Finantick company. The software is 100% web based and they offer CFD trading on a variety of Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum, NXT, REP, ZEC and STR.
Three account types are shown, but they fail to mention the minimum deposit requirement for theese account types. All they seem to care about is offering you a Bonus. We see that they are offering a bonus of 35% – 85%, but if would read their terms and conditions page you will see “you will be required to execute a minimum trading volume of 40 times for every $1 bonus”.
Bonus money is a major cause for complaints by investors who want to withdraw their funds, read why.
Get Rich Quick Scams
Hundreds of “Get Rich Quick” scams that are focused on Crypto trading are now spreading online. Systems which go by the name of Bitcoin Profit, promise to make money for you, but they don’t actually work.
Educate yourself on how the scams operate, before you become the next victim, read more here.
Crypto Banc License Check
When the Scam Broker Investigator researches a new Forex / Crypto trading broker to determine if they are a scam or legitimate broker, we check for one thing, and that is a brokers license. Legitimate brokers will be licensed in the United Kingdom by the FCA or in Australia by ASIC.
Crypto Banc is not a licensed broker. The only Bulgarian licensed brokers are listed here.
Bitcoin investors can find many brokers that are licensed and regulated, look here.