TradeCryptoMasters Review: Is It a Typical SCAM?

TradeCryptoMasters - logo
Rating:
1.2

Trade with precision, profits rise with decision! No, we’re not hosting a gathering of aspiring poets here. We’re launching a new review about TradeCryptoMasters. You see, this broker seems to aim for originality, judging by their logo. However, we believe it’s a typical scam. Who will emerge victorious in this showdown? Just read on to find out.

TradeCryptoMasters General Information

Website https://www.tradecryptomasters.com/
Phone Number
  • +61340516522
  • +441135182650
Email support@tradecryptomasters.com
Address 1 Lyric Square, London, W6 0NB, UK
License
Minimum Deposit $250
Assets CFDs
Leverage Up to 1:200
Trading Platform WebTrader

Registration and Client Portal Review

We are greeted by a rather minimalist official website. Perhaps, a poem instead of a slogan is the only unique thing here. Otherwise, it’s just a template design, some unclear images, and a lot, very much, literally a lot of filler empty content. Information about the company will need to be searched for. Among the useful aspects on the site, there is a description of the accounts, although it could have been more detailed. And in the footer, there are some client reviews, though anonymous, so we wouldn’t put too much trust in them.

TradeCryptoMasters - website

We were hoping to register on this broker’s website, in case we were welcomed in our account with Shakespearean sonnets or Lord Byron’s poetry. Alas, our aspirations for literary grandeur were quickly shattered. TradeCryptoMasters shamelessly thwarted all our expectations. The catch is that this broker hasn’t thought about registration on their website. Seriously, there’s only a login button. It’s like showing up to a tea party with no tea, or a magic show with no tricks — a bit of a disappointment. Well, rather a lot of disappointment.

No registraton

TradeCryptoMasters Trading Conditions

Alright, enough about poetry. Please pardon our poetic tangent. Let’s take a look at what makes this broker a broker.

Account Types Review

TradeCryptoMarkets offers four account types for clients, starting with the Basic account. The minimum deposit for this account is just $250, though the additional services are far from impressive. They provide leverage of up to 1:10, daily news, a manager, and loyalty bonuses that seem to be earned through mysterious means, as they’re not clearly described. It’s not much to write home about, really. We would suggest looking at the Gold account, but let’s not. Why? Because the broker seems to have lost its mind. The minimum deposit for the Gold account is a whopping $25,000. Yes, you heard that right, 25,000 dollars. Why does TradeCryptoMasters think it deserves such a sum? Oh, for the “weekly 1 on 1 with market analyst,” the “monthly analyst session with certified accountant,” “24/7 account monitoring by top analyst group,” and the “end of year summary with a certified tax specialist.” Quite the fairytale, isn’t it? By the way, the broker isn’t exactly a tax agent for most countries worldwide. What’s with the sudden tax specialist service?

And frankly, we don’t know about you, but we would actually start worrying even more if some anonymous group of unknown and not necessarily qualified specialists were to monitor our accounts with our money 24/7. God forbid us from such services.

However, it gets worse. The minimum deposit requirements keep increasing, and those mysterious specialists start monitoring your account 34/7. As for the VIP account, they’ll invite you to some exclusive events and offer individual training. Although why an investor with $500,000 to open a VIP account would need training remains a mystery to us.

Trading Platform

Unfortunately, our attempt to explore the TradeCryptoMasters platform itself proved to be quite a challenge. It was as elusive as the metaphorical muse of a struggling poet. Nonetheless, based on the accounts of traders who have had the privilege (or misfortune) to traverse its poetic landscapes, we can attempt to decipher its nature.

Taking a closer look at the platform, we encountered a landscape that left us desiring more. The user interface appeared straightforward enough, but upon further exploration, it became evident that several key features were noticeably absent.

One of the striking aspects was the limited range of trading indicators available. The TradeCryptoMasters platform’s toolkit of indicators is like a painter’s palette; it allows traders to analyze market trends and make informed decisions. Unfortunately, in this case, the palette seems incomplete, leaving traders with fewer brushes to paint their trading strategies.

TradeCryptoMasters — Deposit and Withdrawal of Funds

TradeCryptoMasters’ approach to deposit methods remains shrouded in mystery, as no clear information is provided regarding their accepted deposit options.

Furthermore, the withdrawal policy of the broker states that withdrawal requests take up to 5 business days to be processed. Such a lengthy processing time can be considered unfavorable for traders who may need timely access to their funds.

Verification

Although TradeCryptoMasters lacks clear information on deposit methods, it does require users to undergo a verification procedure. Traders are required to submit various documents to verify their identity and address, including government-issued identification (such as a passport or driver’s license) and proof of address (such as a utility bill or bank statement). The submitted documents are reviewed by the TradeCryptoMasters team to validate the information.

Upon successful completion of the verification, clients receive confirmation that their account has been reviewed, allowing them to proceed with their trading activities.

Additional Options

TradeCryptoMasters boasts a range of supplementary services in addition to its trading platform. One particular offering that caught our attention was the promise of “higher payouts.” However, this left us wondering: what other types of payouts are they referring to? Is this an investment firm in disguise? The absurdity of such conditions becomes apparent when we delve deeper. What’s even more concerning is that the entire team behind these offerings remains shrouded in anonymity. While the concept of enhanced payouts may sound appealing, the lack of transparency surrounding the individuals orchestrating these claims raises significant doubts about their legitimacy.

Is TradeCryptoMasters a Scam?

Indeed, the question of whether trading with TradeCryptoMasters is a safe endeavor remains a paramount concern.

As we read the “About Us” section of the TradeCryptoMasters website, we are greeted with a puzzling void of information. The content presented is nothing more than generic phrases touting the broker’s professionalism and expertise. Crucially absent are any concrete legal details or even a mention of the jurisdiction in which TradeCryptoMasters operates. This glaring absence leads us to a striking realization: the broker’s lack of official registration.

In such a scenario, it becomes apparent that TradeCryptoMasters has failed to secure any licenses for its operations, potentially rendering its services illegal. Traders are advised to exercise extreme caution and seek out brokers with proper legal standing and regulatory oversight.

Tradecryptomasters.com Domain Info

Amusingly, the most comical aspect of this broker’s operation is its remarkably short tenure. We employed the services of Whois to uncover the registration date of the domain. It turns out that the official website was established in June 2023. A brokerage that has only been in operation for a matter of months, or even weeks, is difficult to trust, particularly in the financial realm where stability and experience are paramount. It’s safe to say that TradeCryptoMasters’ brief history strongly suggests a scam-like approach.

Domain info

Contacts Review

The contact information provided by TradeCryptoMasters appears to be quite peculiar. The list includes both a UK and an Australian phone number, along with an address claimed to be their office location in England. However, upon investigation, a significant issue arises: there are no registered companies associated with the names TradeCryptoMarkets or anything remotely resembling it at the provided address. This pattern is consistent — a fake broker resorts to using fake addresses. The situation with TradeCryptoMasters phone number is equally intriguing. It was previously linked to another broker, 365Falcon, which was exposed by the FCA. Given these findings, delving further into the review of their contact details seems rather futile.

Scam contacts

More Details

A particularly intriguing section that caught our attention was the “Remote Access” tab. Here, TradeCryptoMasters offers visitors to download software like TeamViewer and AnyDesk. However, we must emphasize that engaging with such software should be approached with extreme caution, if not completely avoided. These remote access tools are primarily exploited by scammers and fraudulent actors to gain unauthorized access to individuals’ devices and personal information. By downloading and installing such software, unsuspecting traders run the risk of exposing themselves to potential cyber threats and fraudulent activities.

Pros and Cons

  • Maybe the poetic talent of the project creators.
  • Lack of regulation.
  • Limited transparency.
  • Unclear deposit methods.
  • Dubious contact information.
  • Short working period.

Frequently Asked Questions (FAQ)

What Does TradeCryptoMasters Offer?

It presents a range of trading services and opportunities within the realm of CFDs.

How Much Money Should I Invest With TradeCryptoMasters?

The broker required $250 as a minimum deposit.

Is TradeCryptoMasters Safe?

Unfortunately, TradeCryptoMasters raises significant concerns regarding its safety and legitimacy. Our assessment reveals that it operates as a primitive, anonymous website associated with potential fraudulent activities.

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. Huff

    I made a serious mistake getting involved with TradeCryptoMasters.

    I’m a single parent with minimal income, and I decided to take a risk with my last bit of money. Little did I know that they would be so brazen in their actions. I reached out to multiple lawyers for help, but none of them can assist me because holding them legally accountable is a difficult task. Be smarter and don’t trust your funds with unverified companies!

    Reply
  2. James

    SCAM!!!

    Such scammers have no place on this planet! TradeCryptoMasters swindled $1,000 from me. I’ll survive, but what if it were some elderly person? Wretched villains! I wish there was more justice for companies like this!!

    Reply
  3. Christopher Simmons

    Changing brokers again due to sudden shifts in their service policies.

    Last time, TradeCryptoMasters doubled the commission, then doubled it again, completely eradicating any chance of making a profit. But with TradeCryptoMasters, it’s a different story—they’ve started restricting withdrawals and stopped paying clients their own profits, no matter how many withdrawal requests are submitted. All of them get rejected. On top of that, reaching their customer support has become nearly impossible. They either ignore all messages or it seems like such support doesn’t even exist! Once again, I’ll have to search for another broker because I don’t settle halfway and still aim for success in trading!!

    Reply
  4. Anthony

    not real

    They will take everything away from you

    Reply
  5. Anonymous

    TradeCryptoMasters - Scam

    Just want to be anonymous – I tried Trade Crypto Masters – did the $250.00 deposit, got my $100.00 back as a ‘trial’ for the withdrawal process – they keep asking me to invest more, told them no – just going to see if we can grow my $250.00. I was able to make little profit on that $250.00 but I could not reach the senior account manager or the junior account manager (since I do not want to invest more that $250.00) to withdraw some of the profits. They did refund me back the initial $250.0 but there is still over $1,000.00 in my account balance that I cannot withdraw – been emailing the account managers daily for the last 2 weeks and no response.

    Reply