Over 693,000 traders have chosen CryptoGo365 as their brokerage intermediary. At least, it is the statistic presented on the official website of this offshore company based in Saint Vincent and the Grenadines. Additionally, the website claims a 100% customer satisfaction rate. All this sounds impressive, but then why are online reviews so scarce? And what about the license, business model, and the company’s founding date? It’s not enough to state how popular your platform is; proof is also needed. Therefore, we need to determine whether the broker is a scam or actually has over half a million users.
Table of Contents
Highlights
| 🏛️ Country | St. Vincent and the Grenadines |
| ⚠️ Regulation | – |
| 🖥️ Website | https://cryptogo365.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2022 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:400 |
| ⚙️ Trading Platform | WebTrader |
| info@cryptogo365.com | |
| 📞 Phone | +18007951389 |
First Impression of Cryptogo365.com
We see a fairly typical website with rather expected design and structure: standard sections at the top with information about conditions, platform, and company, a main page filled with pseudo-advantages, and a footer with risk warnings, legal address, contacts, and social media icons that don’t even work. CryptoGo365’s website is not impressive. The only commendable aspect is the translation into 7 other languages besides English.
The website is designed in white and green colors with the addition of purple. It would be interesting to know what experienced designers would say about this choice. For some graphic design, CryptoGo365 decided that visitors would be interested in seeing people in suits with ear-to-ear smiles and laptops in their hands. There’s nothing unique or interesting about the resource. It contains a lot of meaningless information and plenty of clichéd phrases trying to motivate users to open an account.
Partnership and Bonuses
From time to time, the broker offers clients bonuses and promotions. If a client receives a bonus from CryptoGo365, they cannot withdraw it, nor the profit earned with it, until certain trade turnover requirements are met within a specified time frame. The details should be clarified with the managers, as they are not described on the website.
The affiliate program is not described at all. However, looking ahead, we can say that CryptoGo365 offers an affiliate program to its clients. During account registration, there is a field labeled “promo code”, which hints at the existence of such an opportunity.
Account Opening on cryptogo365.com
The registration process with the broker is very lengthy and tedious. For some reason, CryptoGo365 asks not only for basic information, such as name and contact details, but also for a detailed address of residence. It’s unclear why this is needed at the time of registration, as it would be more convenient to provide information about residency when going through verification, along with uploading confirming documents.
The system also asks to specify the currency (USD or EUR) and to tick boxes next to user conditions and other documents, as well as to confirm that the client is not a US citizen. After filling in all the information, an error message appears: “The request could not be submitted. Kindly check again or speak to someone from our support team”. CryptoGo365 does not allow the registration of an account, although we tried different countries, data, and even changed the VPN. Apparently, registration here is closed.
This approach has a significant downside, as fraudulent organizations often do not allow free registration of personal accounts. The reason for this is unknown. Another significant drawback of CryptoGo365 is the lack of a demo account.
Verification
CryptoGo365 requires mandatory verification of users after an account is created and trading begins. Documents can be uploaded to the personal cabinet or sent via email. The company requests the following documents:
- Driving licenses, passports, national or government-issued cards. The proof of identity.
- The proof of residence. The residence document can be a bank statement, utility invoice, or government-issued lease contract, and all must not be dated for more than six (6) months.
- Photo/scan of the bank card. The card number should include only the first 6 and last 4 digits. The CVV should also be hidden.
The firm does not disclose how long the KYC process will take.
- None.
- The deadline for document verification is not disclosed.
- A bank card must be uploaded.
Trading Software
We cannot verify the trading platform of CryptoGo365 with our own eyes because registration is impossible. Therefore, we must take the broker’s word for how it describes its terminal. The company describes its software as offering “top-class trading performance through an innovative, secure trading platform”. However, judging by the screenshots on the website, the terminal hardly seems professional and advanced. More likely, it is a standard webtrader with minimal capabilities. Brokerage firms tend to exaggerate.
The platform supports sophisticated chart tools, fast trading execution, diverse, optimal trading strategies, and various timeframes. The terminal is also available not only as a WebTrader but also in a desktop version and a mobile app for Android/iOS.
| Features | CryptoGo365 | Choose Capital | FrostWin |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ✔️ |
| Mobile App | ✔️ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With CryptoGo365?
The broker’s clients can trade using leverage up to 1:400. At the same time, CryptoGo365 offers various asset classes: forex, metals, indices, stocks, commodities, and cryptocurrencies.
All Info About Accounts
The broker has developed five types of accounts:
- Rookie. The minimum deposit is $250. This account includes only standard services that should be available to any trader: access to the platform, including the mobile version. Trade volumes from 0.01 lots.
- Basic. No less than $2,500. Adds the ability to activate swap-free, although such a function should be available even on the “Rookie” tariff. There should not be any restrictions on the minimum deposit for an Islamic account.
- Elite. From $10,000. On this type of account, CryptoGo365 offers assistance from a personal manager and daily analysis.
- Elite Plus. From $25,000. No privileges, judging by the description on the official website.
- VIP. From $100,000. Conditions and opportunities are unknown.
We noticed a feature – many illegal brokers set a requirement for a minimum deposit of $250. Why this amount is chosen is unknown. CryptoGo365 also has a $250 minimum deposit requirement, without even providing a demo account. Thus, to try out the service and platform, one needs to invest a minimum of $250.
It is also worth noting that there is no significant difference between the Rookie and Basic accounts, except for the availability of swap-free, which should be available on any tariff. The additional capabilities on the first two tariffs are simply discouraging. Essentially, there is no real service there. It only appears on the “Elite” tariff, which requires a minimum of $10,000. What is this if not blatant extortion of money? CryptoGo365 is extorting money from people without any shame.
- Not found.
- The threshold for the initial deposit is high.
- Commissions, spreads, and other important parameters are not specified.
- The broker operates on the well-known fraudulent principle of “pay more, get more”.
- A demo account is absent.
Market Analysis and Education With Cryptogo365.com
There is an additional service in CryptoGo365, but it is scant. Clients can use widgets with trading hours, an economic calendar, and contract expiries. However, fresh analytics are missing, as are educational courses for inexperienced traders. In this regard, the firm lags far behind its competitors, who provide access to PAMM, fresh analytics, investments, and other unique opportunities.
Deposit, Withdrawal, and Fees
Any information about monetary transfers in CryptoGo365 can be found in the user agreement. It begs the question of why the company didn’t create a separate section dedicated to transactions. Apparently, to make it less convenient for clients.
Given that the company requires a photo of a bank card, it definitely supports using it for money transfers. It is also true for bank transfers, which are mentioned in the user agreement. CryptoGo365 does not charge for depositing funds, but nothing is known about withdrawals. The processing time for withdrawal requests is up to 2 working days.
| Features | CryptoGo365 | Saturn4u | Legends Financial Company |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ❌ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
CryptoGo365 has provided several ways to contact its employees. These include a phone number, with a +1 code indicating the USA or Canada, an email address, and an online chat on the website. Additionally, users can submit a request for feedback from managers in the “contacts” section. Social media icons are present, but they are not clickable, and we could not find any accounts there.
- There’s an online chat.
- The contacts are real.
- Social media accounts are absent.
Is CryptoGo365 Dangerous?
Although we cannot yet definitively speak of the presence of a scam, the firm already looks very suspicious. This is especially true concerning closed registration and unclear trading conditions. To make a full verdict, we need to verify the legitimate status of CryptoGo365 and its founding date.
How Long Does The Broker Work?
For unknown reasons, the company does not disclose its founding date, although the stated number of clients over 600K suggests a significant duration. However, in reality, this number is fabricated, and the firm’s operational period is likely not long. Online reviews are relatively scarce, and the domain of the official website was registered on December 23, 2021, and updated on November 23, 2022. So, it is unlikely that CryptoGo365 existed before December 23, 2021.
How Is CryptoGo365 Regulated?
The question of regulation is as important as the question of the founding date. It guarantees reliability and security. In this respect, the broker also remained silent and told us nothing about the regulation of its activities. Considering that CryptoGo365 is registered in Saint Vincent and the Grenadines, specifically, that is where its legal address is indicated, it is necessary to check the SVGFSA registry. Indeed, such an organization is listed there. It was entered into the SVGFSA registry on February 3, 2022, which again confirms the short operational period of the firm.
However, do not be too quick to think that this is a regulated broker. That’s not the case. SVGFSA does not regulate the activities of forex companies, meaning the fact that CryptoGo365 is listed in the registry is meaningless. If the organization goes bankrupt or wants to steal your money, the regulator will not be able to do anything, and clients will not get their money back. Therefore, the presence in the SVGFSA registry does not provide any advantages or additional protection for client deposits. It is rather a significant minus that should be considered.
| Features | CryptoGo365 | LumineTrade | IC-Crypto |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With CryptoGo365?
Is CryptoGo365 Legit?
How Risky Is It?
Kevin Berry There is no trust in such a brokerage firm. It does not disclose any details about itself, and many points are simply overlooked. The license is missing, and the period of operation is less than satisfactory. Moreover, CryptoGo365 blatantly lies when it claims to have more than 600,000 traders. There aren’t that many clients here; it’s outright deception. Also, it’s important to remember that it is a dealing desk, which means traders’ losses only benefit it. It’s no secret that a dealing desk earns exclusively from user losses. There is no reason to trade here, especially since many conditions are unknown.
CryptoGo365 rating
3 reviews about CryptoGo365
There are many signs of scam and fraud. High minimum deposit, no demo account, unclear conditions, zero safety guarantees, and so on. CryptoGo365 is also an obscure company. It seems like a fake, nothing more.
Yes, the firm is based in the Grenadines, which is not great, but it needs to be checked for reliability. Has anyone checked? I’m afraid to take risks because the minimum amount of 250 dollars is a lot for me.
I recommend refraining from creating an account with CryptoGo365, even though it seems impossible to register. We are dealing with a scam firm engaged in typical fraud. It’s very easy to register a legal entity in SVG, which can be done remotely and with fake personal data.
It’s better to find a real brokerage company registered in a non-offshore, legitimate country. Let the scam operate without deceit and without clients.