Here we have a broker named CryptoHold that doesn’t list crypto as their primary asset while claiming to provide social trading, EAs, etc. What we discovered is false information. Read our CryptoHold review to find out everything about this peculiar investment firm.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | cryptohold.pro |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | N/A |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $500 |
| Cryptocurrencies: | Yes |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About CryptoHold Regulation?
CryptoHold has stated itself that it understands the importance of regulation, yet it has none. Allegedly, they’re in the process of exploring and obtaining the best license. However, this same sign stands for a year, so we’re sure that if they wanted a regulation, they would get one up to now. Instead, we have an anonymous firm that has never listed its owner or legal jurisdiction.
Why Is It Important For A Broker To Be Licensed?
Licensed investment firms have someone above them to control their actions and ensure they follow the rules and keep the money safe. If a firm has a Tier1 license from ASIC, BaFin, FCA, or a similar regulator, it also has a compensation fund to reimburse potential victims.
Since we already know that CryptoHold is not regulated and does not intend to get a license, your funds are exposed to risk.
In addition, we strongly advise you not to invest inFinanBelt,IB FinanzasandSwissFXMfraudulent brokers. So don’t fall for these dishonest scam brokers!
Traders Reviews About CryptoHold
CryptoHold has no good reviews. And that’s pretty much expected when the firm is unregulated and hides its basic details. The whole point is to extort as much money as possible and vanish, which we believe will happen any time soon. But before this happens, you should file a dispute for a chargeback.
What Platforms Does CryptoHold Offer? – Available Trading Software
CryptoHold offers nothing but a proprietary WebTrader. It’s not the worst we’ve seen, but it’s not the best either. It has some basic functions, such as trading history, several charts, and indicators, but that’s all.
While the company claims to provide social trading and automated trading, you will see the famous error 404: Page doesn’t exist once you click on these pages. It doesn’t exist, nor does the broker’s offer of advanced features.
All About CryptoHold Accounts
CryptoHold has five account types.
Accounts differ in account manager’s seniority, the number of risk-free trades, bonuses, etc.
Does CryptoHold Have A Demo Account?
No, the broker doesn’t have a Demo account, only Live types.
CryptoHold – Operating Countries
The broker mainly targets investors from:
- Italy
- US
- Canada
- Switzerland
- Norway
So, you should avoid Invest Flow forex broker and similar brokers such asGulfBulls,MargexandGravity Trade.
CryptoHold Range of Trading Instruments & Markets
Once you see the name, you expect the main focus of this investment firm to be on cryptocurrencies. However, the broker forces CFDs on shares and indices, putting crypto in the back. Besides CFDs, clients can get access to the Forex market as well, both major and minor currency pairs.
While this offer is pretty standard, you can get the same number of assets with legitimate firms and save yourself a headache.
CryptoHold Minimum Deposit
The broker CryptoHold requires a minimum deposit of $500 for the Start account. This is exceptionally high compared to the industry standard of $250 and incredibly high compared to legitimate firms and their Micro accounts starting at $10. Why would you invest $500 with a shady firm?
CryptoHold Bonus Policy
The firm offers a 30-100% of bonus on the initial deposit. There are also a refer-a-friend bonus and affiliate bonuses. However, these incentives are made to prevent you from withdrawals. Regulators have strictly banned them as scam firms were abusing them and adding ridiculous clauses, stopping clients from withdrawing funds before reaching millions of dollars in turnover.
Despite claiming to be after regulation, CryptoHold does everything against regulatory rules.
CryptoHold Trading Conditions
The firm has never specified spread, while there’s a section about fees stating, “There are fees and services associated with various actions that you perform on your trading platform.” Yet, we haven’t seen any list of these actions or how much you’ll have to pay per action.
CryptoHold Offers High Leverage
The broker offers leverage of up to 1:200. Regulators in the EU and UK have set a limit of up to 1:50 for the Forex market and 1:2 for cryptocurrencies. Therefore, the trading company goes against regulatory rules and exposes your funds to risk once again.
CryptoHold Deposit, Withdrawal Methods, and Fees
The broker accepts the following payment methods:
- Debit/credit cards
- Wire transfer
Allegedly, there are no fees or commissions on deposits or withdrawals, but we wouldn’t trust it. Since everything on this website is misleading, we wouldn’t be surprised to hear that the firm has hefty hidden fees.
Scammed by CryptoHold Broker? – Let Us Hear Your Story
If you find yourself scammed by CryptoHold or a similar bogus broker, let us know. Our chargeback specialists will evaluate your case during a free consultation to help you file a dispute.
But What Is A Chargeback?
This is a way for your bank to recover the funds from the merchant. If you or anyone close to you has been defrauded by a fake investment firm, get in touch. Let’s get your money back before the firm vanishes.