A safe place in an unsafe world. It is exactly what AtriBlock, one of the cryptocurrency brokers with big ambitions, says about itself. However, upon a more detailed analysis of these proposals, it turns out that it offers not only cryptocurrencies. Furthermore, it is very far from real safety here. What is this project about? Is it a scam or not? What reviews do traders leave? Let’s check together.
- AtriBlock General Information
- Registration and Client Portal Review
- AtriBlock Trading Conditions
- Account Types Review
- Trading Platform
- AtriBlock — Deposit and Withdrawal of Funds
- Is Atriblock a Scam?
- Legal information and Licenses
- Atriblock.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
AtriBlock General Information
Registration and Client Portal Review
A very minimalistic official website welcomes us. The design here is pretty simple. The menu has very few sections; only three. In addition to the main page, there is only a small section about the AtriBlock and contacts.
A little more information is in the footer. At least there you can read the user agreement.
Unfortunately, the entire space on the main page is reserved for listing the benefits of AtriBlock. There are also reviews from customers, but, of course, their value is questionable.
Creating an account on the site is quite an easy task. You need to fill out a form and write:
- First name
- Last name
- Phone number.
However, we couldn’t get into the personal account. Maybe, because of some technical problem on the AtriBlock website, or because registration is not available at the moment. It’s strange that the broker, which calls itself reliable, keeps the website in such a mess.
AtriBlock Trading Conditions
The broker doesn’t tell traders too much about its services either. For some reason, the site calls itself a marketplace, but it has nothing to do with the real state of affairs. Clients are offered to buy, sell or exchange cryptocurrencies and other popular virtual assets. However, all this is nonsense.
Account Types Review
In fact, you can trade here only ordinary contracts for the difference in prices, and not only for cryptocurrencies. In general, it is unclear why digital assets have come to the fore here. Apparently, it’s just the desire of the AtriBlock creators to cut a wide swath with a popular crypto topic. The size of the leverage also hints that the broker is far from legal since it reaches up to 1:200. At least the minimum deposit is not too high; only $1.
Neither trading commissions, nor fees for depositing and withdrawing funds on the site are indicated. As well as many other things, for example, the size of spreads.
The broker uses a regular WebTrader for trading. There is no desktop or mobile app. Who owns the software is also a question. It is unlikely that the terminal created AtriBlock itself. Rather, the company simply purchased common software that doesn’t cost too much.
AtriBlock — Deposit and Withdrawal of Funds
There are several ways you can deposit and withdraw money on the platform.
- Cryptocurrency wallet.
- Wire transfer.
- Credit card.
The broker doesn’t mention commissions for withdrawals and deposits. The only thing the company says is withdrawal requests are processed within 10 days.
The company asks customers to confirm their identity, place of residence and fill out a Declaration of Deposit. You have to send photos or scans of your passport, or ID-card, or driver’s license. You will also need to send scans of utility bills or bank statements. The broker doesn’t say how long it will take to check the documents.
Is Atriblock a Scam?
To the negative facts, it is worth adding that the company hides all important information about itself. There is literally nothing significant written in the “About us” section, only self-promotion and reassuring clients that AtriBlock is a safe place in an insecure world. And this is not the only drawback.
Legal information and Licenses
It turns out there is a website of the same name. However, the project doesn’t work in the financial sphere at all. All that it offers to customers is digital marketing.
That’s not even the most important thing. The broker says it has a legal registration. On the website, there is also a mention of the legal entity Maolga Ltd. In theory, it should be registered in Seychelles offshore. However, such a company is not listed in the register of this state.
Perhaps it was there last year (at least, the original Maolga Ltd mentioned a registration date of 2021), but now there is nothing like that. So, the broker still doesn’t have registration as a legal entity.
Atriblock.com Domain Info
It turns out that AtriBlock is a newcomer to the trading industry. We have checked the domain information. It was rented on April 20, 2022. By the way, just at this time, the first reviews began to appear about AtriBlock. Therefore, traders will be dealing with an inexperienced broker.
Contact details are poor. There is only an email address, and no phone number. The office address is also hidden. It doesn’t look like the contacts of a reputable broker.
Since the company does not actually exist in the legal space, it doesn’t have any licenses to work either. However, the fact that the broker can do anything without any supervision is clear only by the user agreement. For example, AtriBlock may make changes to these terms and conditions from time to time without notice of such changes.
The broker also reserves the right to refuse to make transactions or close the client account without explanation, and both.
Pros and Cons
- You can trade CFDs not only on cryptocurrencies.
- No registration.
- B book model.
- A short period of existence.
- No license.
- Fake positive reviews.
Frequently Asked Questions (FAQ)
The minimum deposit is $1.
No, the broker only offers CFD trading for cryptocurrencies.
No, it is an unregulated broker without a license.