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
- Verification
- 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
| Website | https://atriblock.com/ |
| Phone number | None |
| support@atriblock.com | |
| Address | None |
| License | – |
| Minimum deposit | $1 |
| Assets | CFDs |
| Leverage | 1:200 |
| Trading platform | WebTrader |
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.
You will need to confirm your agreement with the terms of use. Also, you can subscribe to newsletters with promotional information.
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.
Trading Platform
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.
Verification
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
The terms of use only mention the name of the owning company. It’s Maolga Ltd. The trader can find all the information about the legal entity on the website. Fine, but it’s not true. Not a word about the company is said on the website. Therefore, we had to check everything ourselves.
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.
Contacts Review
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.
More Details
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.
It’s hard to call AtriBlock a good broker or even something revolutionary. This is an ordinary website that has not even grown to the status of a company. However, it ambitiously offers clients to trade here, but not with real assets, and without withdrawing transactions to the interbank. Unfortunately, there is nothing reliable here, so it is better to find a more reliable and transparent company.
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.
No real crypto
At first, I thought that AtriBlock was a reliable financial partner. Everything spoke in favor of the broker, but this is nothing more than a fake. It is a trading simulator platform with a B book order execution model… Alas, another potential broker turned out to be a scam.
Deception
The lousy thing about AtriBlock is that it hides its real reputation. Traders’ reviews are mostly good. That’s why I trusted them and put $1,500 into the account. However, I could not withdraw anything, because these reviews were shamelessly paid for! In fact, we are facing a scam that earns money from naive traders!
More like scammers, I think
I was completely disappointed in AtriBlock, although I initially hoped for this broker. I thought I could make good money with the help of professionals. They really actively give recommendations. However, their advice led to losing orders.
It is impossible to make a profit
For me, working with AtriBlock was a failure. The problem is not even that I have little experience in trading. This scam simply does not fulfill its obligations and simulates the trading process. You will get it only when you submit a withdrawal request. Immediately, the orders go to a loss.
I want to warn everyone
The truth is that this is just a total scam that does not have the patronage of any regulator in the world. I have already written on other sites that violations of the rules of trade occur in this company. There are non-market quotes, transactions hang, slippage. All this leads to a complete loss of the deposit sooner or later. Do not open an account here. Just no.
Something strange
To be honest, I have been interested in trading cryptocurrencies for a long time, but I could not get close to it. And by a happy coincidence, a manager from Atriblock called me and said that they offer unlimited access to crypto assets on very favorable terms. I decided to give it a try and at least look at their website. But then I couldn’t register due to a technical error. It is unclear whether such a company can be trusted.
They are a scam
A very polite company to deal with UNTIL you want to withdraw. They do not return phone calls or respond to emails on Support @atriblockservice.com. They state on their web Site, it will take up to 10 days to withdraw and approve, it has been 15 days so far. Can you recommend/help a way to get my money back.
I'm puzzled
I read reviews of this company on trustpilot before finding your article. It was very praised at first, but lately people have been writing that this is a scam. They don’t get paid. How many such companies are there? If I had known about it six months ago, I would have thought it was good. We have to be able to recognize the deception…
AtriBlock is a theft!
I checked the results of my last trades and received an amount of almost $ 6,000 more than on my balance. That’s how they steal! And when I demanded to explain this lack, they just blocked me! So I was scammed for all the money, which was almost 14k dollars. Disgusting trick!
This company is a scam.
I made some profit which they didn’t let me withdraw. I received my $2,500 deposit and they only allowed me to withdraw the initial deposit but not the profit. THIS COMPANY IS A BIG SCAM.
Damn!
I invested $4,500 into this company and made over $15,000. I want to withdraw at least the first $4,500 I deposited, but I can’t withdraw anything. This is absurd! If someone can help me get my money back, I would really appreciate it.