Buy Crypto Market Review: New Technologies or a SCAM?

Buy Crypto Markets - logo
Rating:
1.8

Buy Crypto Market assures potential clients that they can become real trading gurus, promising to provide them with top-notch resources and new technologies. However, before starting trading on an unfamiliar platform, it’s essential to make sure that it’s not a scam. We will do this for you while also finding out what reviews traders have left about this broker.

Buy Crypto Market General Information

Website https://buycryptomarket.com/, https://www.buycryptomarkets.com/
Phone Number +442033709757
Email support@buycryptomarkets.com
Address
License
Minimum Deposit
Assets CFDs
Leverage 1:200
Trading Platform WebTrader

Registration and Client Portal Review

The official website of the broker did not impress us positively. It seemed too simple and unpretentious. The creators used a basic template and an uncomplicated design. There’s little information provided about the company, and the trading conditions are not described in detail. Instead, a lot of attention is given to describing the advantages of Buy Crypto Markets. However, it’s worth noting that all of this is currently just talk, and we will still need to verify how good this broker actually is.

Buy Crypto Markets - website

Registration on the Buy Crypto Market platform is more than simple. You will only need to fill out one small form, providing your personal information and contact details. Email or phone confirmation is not required. The same registration process applies to demo accounts.

Registration

As for the Client Portal, it is also quite standard. Traders are offered a basic set of functions. Here, you can deposit or withdraw funds, make changes to your profile settings, and access trading by opening the web trader through a link.

Buy Crypto Markets - Client Portal

Buy Crypto Market Trading Conditions

The personal account did not impress us greatly. However, our perception of the broker may change once we examine the trading conditions in greater detail.

Account Types Review

Buy Crypto Markets offers different types of accounts, as demonstrated by the registration form where traders can choose from four different account types. Additionally, the FAQ section also mentions that the broker has developed several account types. However, we could not find a detailed description of the conditions for each account type.

Buy Crypto Market does not specify the spreads on the platform and there is no information on the minimum deposit required to start trading. The only parameter disclosed by the broker is leverage, which can reach up to 1:200. However, it may vary depending on the trading instrument.

Trading Platform

We were not impressed with the trading platform of Buy Crypto Market. It seems to be mediocre and cheaply designed. The platform lacks advanced features and appears to be relatively basic in its functionality. Additionally, the user interface is not very intuitive and can be difficult to navigate for both novice and experienced traders. Overall, the platform seems to be lacking in terms of both design and functionality, and may not be the best choice for traders looking for a more comprehensive trading experience.

Buy Crypto Market — Deposit and Withdrawal of Funds

Buy Crypto Market offers several methods for depositing funds. These include Visa and Mastercard cards, wire transfers, Neteller, PayPal, and cryptocurrencies. The broker claims to prioritize customer care and, as such, charges low fees for both deposits and withdrawals.

Verification

Buy Crypto Market adheres to AML and KYC policies, so traders are required to undergo verification. The requirements for verification are not complicated. You will need to upload copies of documents to confirm your identity and place of residence in your personal account or send them to the broker via email. The duration of the verification process is unknown.

Additional Options

Buy Crypto Market offers training and analysis services to traders. Among other things, they highlight one-on-one sessions with their employees. However, it is worth noting that all information about the team and project leaders remains confidential. We tend to think that it is impossible to say exactly how high-quality the analysis and training provided to clients are. Perhaps the employees do not have any specialized education at all.

Is Buy Crypto Market a Scam?

Based on the website and trading conditions, there are some doubts about Buy Crypto Market’s legitimacy. However, we cannot jump to conclusions yet and need to investigate further to determine if Buy Crypto Market is a scam or not.

Buy Crypto Market claims to be a registered business in their FAQ section, but there is no evidence to support this claim. The website does not provide any information about the managing company or where it is registered, including legal address, registration number, and other important details. The only contact information listed is an English phone number. We checked the UK register, but there were no matches found.

Therefore, we conclude that Buy Crypto Market is an anonymous fake brokerage. It goes without saying that the company has no licenses, given its high leverage of up to 1:200. Overall, the company’s lack of transparency and regulatory compliance raises red flags, and it is not recommended to trade with Buy Crypto Market.

Buycryptomarket.com Domain Info

Another clear sign of a scam is the short lifespan of the project. A simple domain check showed us that Buy Crypto Market has not even existed for a year yet. According to Whois, the domain was registered on June 10, 2022. Shortly after that, the first reviews about the broker started to appear.

Domain info

The article has been updated. We have no idea why the owners decided to disable their domain, which was still extended until 2024. Be that as it may, they are now hosted on the new domain buycryptomarkets.com. The registration date is only August 2, 2023!

Contacts Review

As we mentioned before, the contact information includes an English phone number and email. No office address is provided. However, this is logical because a fraudulent project that exists only as a website cannot have any physical office.

Pros and Cons

  • Additional services.
  • Lack of information about the company.
  • No registration.
  • No license.
  • The high leverage offered.
  • The short lifespan of the project.
  • Negative reviews and complaints online.
3.2 TOTAL SCORE

Buy Crypto Markets Summary

Buy Crypto Markets - favi

Buy Crypto Market appears to be a fraudulent company with multiple red flags indicating that it is a scam. The lack of transparency regarding the company's registration, as well as its short lifespan, unregulated status, and numerous negative reviews, all suggest that it cannot be trusted. It is highly recommended to avoid any collaboration with this broker to prevent financial losses and potential identity theft.


Website information content 3
Client Portal 4
Trading conditions 3
Trading platform 4
Deposit and withdrawal 5
Verification 5
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Buy Crypto Market Offer?

The broker offers CFD trading, education, analysis, and one-on-one sessions with broker employees. However, the lack of transparency surrounding the company’s team and leadership raises concerns about the quality of these services.

How Much Money Should I Invest With Buy Crypto Market?

The minimum deposit is not specified.

Is Buy Crypto Market Safe?

Buy Crypto Market does not appear to be a safe or legitimate trading platform. We advise traders to exercise caution and consider alternative, reputable brokers.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Elsa

    The worst option for trading

    Well, let me tell you about my experience with Buy Crypto Markets. It was like trying to catch a greased pig – frustrating and ultimately futile. Not only did they not credit my account with the cryptocurrency I deposited, but their customer service was about as helpful as a screen door on a submarine. And don’t get me started on their “trading tools” – it’s like giving a toddler a hammer and telling them to build a house. In short, if you’re looking for a reliable broker, Buy Crypto Markets is not the one. They’re about as trustworthy as a snake oil salesman. Save your money and find someone else.

    Reply
  2. Mark

    Buycryptomarket is a fraudulent broker that should be avoided at all costs. They use deceptive tactics to lure in unsuspecting investors and steal their money. First and foremost, their website is full of false promises and misleading information, promising high profits with minimal risk.
    When it comes to withdrawals, the process is extremely slow and complicated. Even worse, some users report that their withdrawal requests were simply ignored, and they were never able to get their money back. Additionally, the lack of transparency regarding their physical location and regulatory status is a major red flag.
    The customer service is terrible and unresponsive. They do not provide adequate support to their clients and refuse to take responsibility for their fraudulent activities.

    Reply
  3. Tim

    These scammers are embezzling other people's money

    I recently had a very disappointing experience with Buy Crypto Markets. I sent some cryptocurrency for trading purposes, but it never showed up in my account balance. Despite multiple attempts to contact their support team, I received no response or explanation for the missing funds. It’s been several weeks now and I still haven’t received my money back. I would strongly advise anyone considering doing business with this broker to think twice before handing over their funds.

    Reply
  4. Scam dodger

    Scam bitcoin trading platform

    After opening the account with the minimum amount, when you don’t transfer any more money to their “trading platform”, they go from being polite and professional to intimidating and harassing.
    You never get your money back!
    It is not legitimate and should be avoided.

    Reply
  5. James

    BUY CRYPTO IS A SCAM

    I have been trading with BUY CRYPTO MARKET for a while and this article has confirmed all my suspicion’s, I have had numerous issues transferring, depositing and withdrawing, the platform is very similar to many other crypto traders, “average” I have resisted transferring large amounts funds to this this company, Mr. Subhash has provided a very balanced review. Thank you.
    Mr. Subhash has answered many of the questions I have directly asked my BUY CRYPTO broker and all he has done is changed the subject with the hope I would forget I asked, It is a Scam

    Kind regards

    James

    Reply