Crypto1Capital offers to trade cryptocurrencies as these are assets of the future. According to legend, the international broker with a secure and modern platform is registered in London. However, we need to get a clear idea of the quality of its services. During the review, we will figure out if there is another scam here.
- Crypto1Capital General Information
- Registration and Client Portal Review
- Trading Conditions
- Account Types Review
- Trading Platform
- Deposit and Withdrawal of Funds
- Verification
- Education and Partnership
- Is Crypto1Capital a Scam?
- Legal Information and License
- Crypto1capital.io Domain Info
- Contacts Review
- Useless Membership
- Pros and Cons
- Frequently Asked Questions (FAQ)
Crypto1Capital General Information
| Website | https://crypto1capital.pro/, https://crypto1capital.io/ |
| Phone Number | 442038073484, 6531051453, 31202623699 |
| support@crypto1capital.com | |
| Address | UK One Canada Square, Canary Wharf, London E14 5AB, United Kingdom |
| License | — |
| Minimum Deposit | 250€ |
| Assets | CFDs |
| Leverage | 1:500 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
Crypto1Capital’s goal is to provide traders with secure online trading. The founders believe that investing in cryptocurrencies has the potential to radically change our lives in the future.
The broker provided a certificate from Crypto Conduct Authority (a self-governing commission with rules for regulating relations between participants in transactions). The founders also say they are working with the CCA Compensation Fund to return funds to customers in the event of adverse circumstances. Next, we will check these documents.
Not all services are available to unauthorized users, so let’s log in. To do this, you need to fill out a short form on the site. It contains the following standard fields:
- First name.
- Last name.
- Country of residence.
- Phone.
- Email.
- Password.
You also need to agree to the terms of the company. After that, your account will immediately be opened, and further instructions will be sent to your email. By the way, nothing has come to our mailbox.
We see a rather primitive personal account. Here you can manage funds, edit your profile, and upload documents for verification. There is also an online chat, but no one is answering.
The main attention is paid to the trading terminal. Where Crypto1Capital gets the liquidity from is unknown. There is no demo account, as trades are not opened without money on the balance.
Trading Conditions
According to managers, the brokerage services are suitable for both professional traders and newbies. Besides, the company claims to have cryptocurrency savings accounts.
Account Types Review
Before trading, you should choose a tariff plan depending on your financial capabilities and skills.
| Name | Minimum Deposit, USD/EUR | Minimum Trade Size | Spreads |
| Silver | 250 | 0.01 | 3 |
| Gold | 5,000 | 0.1 | 2 |
| Platinum | 10,000 | 0.5 | 3 |
| VIP | 50,000 | 0.5 | 1.7 |
As you can see, Crypto1Capital describes the trading conditions once over lightly. There is no leverage, lot size, type of trade execution, and more. Though there is a mention of an Islamic account, what’s next?
In general, it seems that the broker came up with all the conditions for the accounts using a random number generator. The interface of the client portal in no way hints that clients have a division into accounts.
There are no features for a savings account either. Crypto1Capital claims that it allegedly accepts crypto for savings at interest. Alas, this is just an empty phrase. Crypto-staking, liquidity pools and other modern declared methods of earning are absent here.
Trading Platform
The workflow is carried out on a standard WebTrader. It is universal because it does not require downloading and works on any device. According to Crypto1Capital, 2FA is used as protection at the moment when the client opens an account, as well as a monitoring system to track the possibility of account manipulation by 3rd parties. (In fact, all this is advertising garbage. No phone or email confirmation is needed to enter the platform).
The platform does not look too bad. There are different indicators and ways of analysis. To manage a position, you can set a stop loss or take profit. Oh, stop. Crypto1Capital is not actually a crypto broker. In the terminal, we can clearly see the trading of all CFDs. There are even such exotic assets as pharma/cannabis companies.
Social trading is also available to clients, namely copying trades of professional traders. On the rating scale, you can see their profit for the day, month, or week. However, when trying to connect to a successful trader, an internal server error occurs each time.
In any case, it’s impossible to test the smoothness and speed of the software. Before opening an order, you have to go through the verification procedure and deposit the account.
Deposit and Withdrawal of Funds
There is no detailed information on payment methods. Only in your client portal, you can find out what is available:
- Credit cards.
- Bank transfer.
- Cryptocurrency.
For some reason, Crypto1Capital offers UK citizens to buy bitcoins right on its homepage. It can be done on the popular Coinbase exchange. This is not an affiliate link, none of the parties earns by promoting the service. So strange.
Verification
Verification requirements are again in your client portal. You have to present:
- Proof of identity.
- Proof of residence.
- Proof of payment.
Managers may also ask for additional documents.
Education and Partnership
Crypto1Capital understands that a trader has to learn a lot to speculate in terms, indicators, and charts. Therefore, the team provided the newcomers with lectures and analytical materials. Everything was planned on the website: from the ICO calendar to video market reviews.
Here’s what it looks like at the moment. None of the plugins work. The maximum that you can find on the site is text introductions to trading for beginners. Crypto1Capital also offers an affiliate program. And it also exists only in words or is simply unfinished. Not a single description of the conditions or interest.
Is Crypto1Capital a Scam?
In the process of studying this project, we found many red flags, which we will discuss below. However, it is already clear that not everything is alright with it.
Legal Information and License
Crypto1Capital is registered in London. At least, this follows from the information on the site. UK entities must be registered with the Companies House register. However, we found no trace of the company.
The situation is similar to the registers of the Netherlands and Singapore. The organization just doesn’t exist. And, of course, it does not have a license from any state financial regulator.
Crypto1capital.io Domain Info
The broker calls itself an experienced guide to the world of online cryptocurrency trading. This pathos statement is not documented. We have no choice but to check the domain registration.
As expected, this scam exists for an extremely short time. This domain was only created in early September. By the way, the previous domain crypto1capital.com has already been disabled. Perhaps it has been included in spam bases and blacklists of regulators.
The article has been updated. The scammers are now dwelling on another domain crypto1capital.io, but it expires on April 4, 2024. Will a new one appear? Stay tuned!
Contacts Review
The addresses are office buildings and shopping centers in London, Singapore, and Amsterdam. Theoretically, you can contact the manager in an online chat, by phone number, via e-mail, or through a feedback form. In practice, for example, in live chat, no one answered us during the whole working day.
One of the given phone numbers is googled as spam. People definitely say that these are scammers who disguise themselves as HYIP investments.
Useless Membership
As a guarantee, the broker has a certificate of membership in the Crypto Conduct Authority. This is a self-regulatory commission in the crypto industry. To be honest, what have you heard about regulation in the crypto industry? And what is in front of us?
So Crypto1Capital is a member of the Crypto Conduct Authority. This organization provides compensation of up to 100,000 euros per complaint. Its website says that the Authority has been resolving disputes between brokers and traders for more than 8 years. However, it is not a regulatory body and does not claim to be.
In fact, the Crypto Conduct Authority does not even have a legal entity. CRYPTO FRUGAL LTD does not exist in Companies House. So all its certificates and promises of compensation are rubbish. Do not trust.
Pros and Cons
- No problems with registration.
- Not enough description of trading conditions.
- Lack of demo account.
- Unfinished site.
- No registration or license.
- Short working time.
- Spam contacts.
- Useless fund insurance.
This crypto broker is an obvious scammer. It has a certificate, an attractive website, and promising services. Nevertheless, it's all fake, designed for beginners. An inexperienced client will not be able to distinguish lies from the truth and will receive serious losses.
Frequently Asked Questions (FAQ)
The company exposes itself as a guide to the world of cryptocurrency. It’s actually just a CFD dealer.
According to the accounts, trading is possible from 250 dollars or euros.
Never. It’s a fake that’s not even legally registered. So creators can do whatever they want.
This crypto broker is an obvious scammer. It has a certificate, an attractive website, and promising services. Nevertheless, it's all fake, designed for beginners. An inexperienced client will not be able to distinguish lies from the truth and will receive serious losses.
It's a scam!
I don’t want to offend anyone, because I also got caught, and now I have the right to say so. In my defense, I will say that the scam is plausible. In short, Crypto1Capital is good at cheating. Once you give them money, you will never see them again. So I believed that I could make money on cryptocurrency, invested several thousand dollars, and my account was completely blocked.
Professional scammers
During a phone call, they always have this kind of noise in the background, like it’s an office. And everyone is very polite and professional in conversation. Don’t believe it, they will take your money. This is exactly what happened to me, now I am without money and in debt. There can be no question of any profit in this company. I’ll even tell you more, you won’t receive your deposit either.
Don't look forward to anything good
Don’t trust Crypto1Capital and generally stay as far away as you can! They may seem like professionals, they will tell you everything competently. However, as I understand it, no one has received money here yet. Their site is fake. They called me themselves; I don’t know how they found the number. And I listened to it all, for a while I even believed them. Thank God I didn’t give them any money! I didn’t have time to make a deposit, but I passed the registration. From that moment on, hell began! Now they bombard me with calls 100 times a day, at least changing the number!
Scammers
Hello, I have “invested” a substantial amount, whith great profit and promisses of payouts.
Now, they claim they are going bankrupt, and need “Allocation money ” ( 25 % of total equity ) to be able to pay out anything. There is no information from any legal authority concerning this, only rumours through WhatsUp, or e-mail from my “broker” .
They calim they want to help me, but no money, and no useful information about their whereabouts ( registration\names … ). Stay far away from these people.