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
- Registration and Client Portal Review
- Buy Crypto Market Trading Conditions
- Account Types Review
- Trading Platform
- Buy Crypto Market — Deposit and Withdrawal of Funds
- Additional Options
- Is Buy Crypto Market a Scam?
- Legal Information and License
- Buycryptomarket.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Buy Crypto Market General Information
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.
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.
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 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.
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.
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.
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.
Legal Information and License
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.
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!
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.
Frequently Asked Questions (FAQ)
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.
The minimum deposit is not specified.
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.