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TradeCryptoMasters Review | Is It Another Broker Operating as a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 8
TradeCryptoMasters Logo

TradeCryptoMasters is another player in the forex broker scene operating in the shadows like a scam, without a license and proudly displaying dubious reviews on its homepage. Key details like its inception date and business model remain shrouded in mystery. The only sliver of concrete information they offer is the existence of a London office. It’s clear right off the bat that trusting that company with your finances is a risky bet. However, for the sake of thoroughness, let’s dive into their trading conditions. Who knows, we might stumble upon something interesting.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://www.tradecryptomasters.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@tradecryptomasters.com
📞 Phone +61340516522, +441135182650

First Impression of Tradecryptomasters.com

The official website of TradeCryptoMasters fails to impress or suggest that we’re dealing with a major, serious broker. It has only the bare minimum sections: ‘About Us’, ‘Tools’, ‘Account Types’, and ‘Contact’. The content largely skims on specifics and up-to-date data, favoring vague language and generic statements. In a nutshell, it’s a typical cookie-cutter website.

TradeCryptoMasters Official website

Partnership and Bonuses

TradeCryptoMasters does not appear to have an affiliate program. Interestingly, like other companies with dubious reputations, it offers bonuses of up to 25% depending on how much you deposit. Upon exploring their tariff plans, you’ll find an unusual feature: discounts on swaps. This is puzzling because these should be free and unrelated to the size of your deposit. They also allude to a ‘loyalty program,’ but they don’t provide any specifics or conditions. It’s all rather mysterious!

Account Opening on Tradecryptomasters.com

What’s particularly intriguing is that you can’t even register an account on the site. There’s a login form, but mysteriously, there’s no sign-up option. How does one open an account? That’s a puzzle we can’t solve. It’s possible the schemers behind the site might be creating accounts for their victims, or there could be another method we’re not privy to.

Verification

Curiously, since TradeCryptoMasters doesn’t allow straightforward account registration, we’re unable to provide details about the verification process. No documents outline this procedure, adding to the mystery. However, one stipulation is clear: a withdrawal request without fulfilling KYC (Know Your Customer) requirements is a no-go.

Pros
  • Verification is mandatory.
Cons
  • Broker did not provide verification documents.
  • The withdrawal of money without KYC is impossible.

Trading Software

Regrettably, it’s unclear which platform TradeCryptoMasters operates on. The website is devoid of any section detailing the terminal. That said, the homepage does provide a glimpse into the platform, promising a robust security system and real-time quotes. However, without tangible proof, these promises are mere words. Traders supposedly can download the terminal onto their computer or phone, or launch it as a web app, but this requires account access. There’s a strong likelihood that the company doesn’t offer mobile and desktop trading and only a web-based terminal. Without having an account, you can download the program only to your PC as a msi file. We did not risk running it, who knows what viruses are hidden in it.

Features TradeCryptoMasters WeFinancial Market Haven
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With TradeCryptoMasters

Let’s consider what trading conditions TradeCryptoMasters offers to traders. There is not a lot of information, maybe we’ll find something interesting.

All Info About Accounts

TradeCryptoMasters offers four account types, each with varying minimum deposit amounts. It’s interesting to note that the minimum deposit is pegged at $250 — an approach typically adopted by fraudulent operations. In true scammer fashion, the broker doesn’t provide options for a demo or a cent account, and an Islamic is conspicuously missing.

As for leverage size, spread, their types and sizes, and commissions — TradeCryptoMasters seems to consider these details unnecessary for their clients, so they’re conveniently omitted. Yet, the company does not shy away from promoting a bevy of additional services such as daily news updates, a personal manager, trading reports, market analytics, and so forth.

Many of the services on offer by the company seem more like effective ways to drain client deposits, stoke trader anxiety, and lead to losses. Working with a personal analyst – a notorious scam scheme in the forex broker world — is one such service. The same goes for trading signals. Yet, this dubious firm shamelessly advertises all these ‘extra options’ as pathways to stable, substantial profits.

Basic, $250 Gold, $25,000 Platinum, $100,000 VIP, $500,000
Up to 25% margin loan Up to 50% margin loan Up to 75% margin loan Up to 100% margin loan
Daily news Daily market review Daily market review Daily market review & signals
Trading academy Daily portfolio progress report Personal portfolio manager Unlimited access to brokers
Account manager Personal portfolio manager Weekly live stream webinar Personal chief portfolio manager
Weekly portfolio progress report Weekly live stream webinar Customized education program Daily 1 on 1 live stream webinar with top analyst
Loyalty Points Weekly 1 on 1 with market analyst Daily market signals Wealth manager
Monthly analyst session with certified accountant In-depth research Invites to VIP events
24/7 monitoring by top analyst group Invites to VIP events Customized education program
End of year summary with a certified tax specialist 50% swap discount Higher payouts
25% swap discount Super tight spreads
75% swap discount

Market Analysis and Education With Tradecryptomasters.com

TradeCryptoMasters presents scant useful information regarding trading tools, merely listing the current values of main asset quotes. Absent are essential trading tools such as futures’ expiration dates, a market heat map, or an economic calendar.

Beginners and less seasoned traders are left in the cold, too. The company offers no form of training, even at a basic level. You won’t find a glossary, FAQ, or insights into how the market operates. However, a few reviews do exist, though their trustworthiness is questionable at best.

Deposit, Withdrawal, and Fees

The official TradeCryptoMasters website glaringly lacks a section devoted to deposit and withdrawal procedures. Furthermore, one can’t access supported methods via a personal account due to the unavailability of registration. It begs the question: “What reputable broker would deliberately conceal such crucial details from traders?”

Features TradeCryptoMasters FXChoice  Fusion Markets
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

TradeCryptoMasters has provided two phone numbers (one Australian, one British) and an email address for site visitors. You have the option to leave your contact details and a message for the technical support team, but a response is not guaranteed. An evident lack of online chat or social media platforms is a noteworthy concern. Many clients prefer to avoid phone calls, and email exchanges can be time-consuming, leading many companies to implement online chat systems. Equally troubling is the absence of a social media presence, denying the company’s representatives a chance to engage with followers.

However, the most intriguing discovery came when we investigated the UK phone number. Google led us to a warning issued by the FCA regulator about an unauthorized brokerage company, 365Falcon. In a startling coincidence, the TradeCryptoMasters number aligns precisely with one of the 365Falcon numbers labeled as a scam.

Pros
  • There are two phone numbers and an email.
Cons
  • There are no social media and online chat.
  • The phone number also belongs to another fraudulent company.

Is TradeCryptoMasters Dangerous?

An underdeveloped website, absence of trading terms, questionable contact information, and inaccessible registration. This ensemble of red flags should certainly cast a shadow of doubt over the integrity and transparency of the broker.

How Long Does The Broker Work?

TradeCryptoMasters remains tight-lipped about its operational inception. In the absence of foundational documents or a registration number, we can only estimate the platform’s launch date by the registration date of its domain, which interestingly, only dates back to June of this year.

Domain

How Is TradeCryptoMasters Regulated?

TradeCryptoMasters operates without any regulatory oversight. We examined the official FCA register considering the company’s legal address indicates its jurisdiction there. To be thorough, we also cross-checked with ASIC due to the listed Australian phone number. However, our investigation yielded no trace of the organization in either of the registries. The inference is straightforward — this broker lacks licensing.

Features TradeCryptoMasters Parenta Financial Services Limited ForexLive
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

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Expert Opinion

TradeCryptoMasters doesn’t inspire the slightest desire to register an account, even after perusing their website! There are barely any reviews online, and the few that exist are negative. This isn’t surprising considering the company is a complete unknown with no licenses or guarantees. It’s essential to keep a safe distance from such brokerage firms. There’s no question that client deposits are at risk of being stolen here.

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TradeCryptoMasters rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

8 reviews about TradeCryptoMasters

Sceller July 11, 2023 - 22:16
Money is not withdrawing
The level of trust
Quick withdrawal of funds

TradeCryptoMasters undoubtedly falls into the scambroker category. That’s because they’ve made withdrawing funds an impossible task. They seem to have adopted an ignorance policy, with no response to any contact attempts. Withdrawal requests just sit there unprocessed, with nothing moving forward. Adding insult to injury, trading in TradeCryptoMasters is an unachievable feat. It doesn’t matter how skilled or successful a trader you are, the grim reality is, you’re bound to lose your money on this platform.

Reply
Kevin July 20, 2023 - 19:47
Another fraud.
The level of trust

Forex scams are alarmingly rampant these days. It’s hardly a surprise that this broker reeks of fraud. There are numerous red flags – for instance, tradecryptomasters operates without regulation, and the length of operation and business model are shrouded in mystery, not to mention the conspicuous absence of spreads, commissions, and leverage information on the site. And these are just the issues you can see at first glance – who knows what you’d uncover if you dig deeper

Reply
John August 2, 2023 - 13:07
The fake company, there are no words for it.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Getting duped by a scam broker? It’s incredibly easy. I was lured in by these scammers. I mistook them for a genuine broker, but they were nothing but fake. The result? I lost 1000 dollars and my enthusiasm to trade or engage in any trading activities. It’s a situation I wouldn’t even wish on my worst enemy. The people behind TradeCryptoMasters ought to be behind bars.

Reply
Brett September 7, 2023 - 14:20
Complete scam
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They push for more money and don’t pay out all

Reply
Derek September 11, 2023 - 19:42
BEWARE - SCAMMERS on Tradecryptomasters
The level of trust
Quick withdrawal of funds
Efficiency of technical support

BEWARE – Scam site.

To start, they lead you with a fake ad from a “testimonial” from Howie Mandel, (or others depending on the country) making all sorts of outlandish claims. This can be found on twitter, which is where I came across it. I knew it looked to good to be true but I had to find out myself … even providing my credit card to them on the sign up, but luckily my credit card security sniffed it out.

I considered taking a chance even in spite of the red flags, but after looking at all the reviews everywhere, and speaking with the “agents” they exposed themselves by the manner in which they communicate. Ask too many questions, and they will get angry, insulting, and want to move on to another sucker who will just hand over a minimum deposit. Getting the first deposit is the first step… then they will manipulate the system to show returns, get you excited, and then pressure you to put more money in, which is what they are after in the first place. It’s a system which looks legit, but being run by fraudsters. They follow a script and use all the tricks like limited “spots”, “bonus” dollars added as incentive to start, and an obvious fake office audio track playing in the background, I spent a couple hours with different people, all of them are playing a role in screwing you out of your money, they will eventually get angry when you corner them, and their office in the UK does not exist.

They will continue to call to try and find another angle to play.

I even spent hours on the phone with them playing along, and they exposed themselves easily. They have a script to follow but aren’t capable of handling someone who keeps asking questions, they use typical shady sales tactics to coax you, and cannot answer the most simple questions regarding their business – BEWARE EVERYONE, I was lucky but there is absolutely no doubt this is a scam, hidden behind a software platform with professional fraudsters fishing for suckers who will hand over the credit card info and take you for a ride.

Sept 11 Update – They called back twice again this morning, once to try and start over as if they hadn’t already spoke with me, and then the other guy who I called out Friday called back to try and insult me by saying my wife was “cheating on me”, and then hung up. They must have got a little salty that I called them out on their SCAM, and now want to attempt to harass me, which I find to be hilarious. “Liam” is the guy who just called. These guys are all shady, and clearly criminals working together in this. Another guy goes by “matt”, and they have a woman posing as a “financial” payment person, when its really a few criminals/actors posing as an investment group.

If you give them your money, don’t expect to get anything back. They only want to play with your mind for awhile so they can convince you to give them more before they pull the plug and you will never see a cent of it. I’ve combed the web on these frauds and can assure you there is nothing legit about this scam ring.

Reply
Kev November 3, 2023 - 03:25
CRYPTOTRADEMASTERS SCAM
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Requested a withdrawal as I did not want to loan money from a bank to give to them, Amara johns who was helping me (AMARA JOHNS) kept on opening orders after I told her not to, I closed them loosing profits, then She opened 3 that were red minuses and a few hrs later closed them herself which emptied my funds account

Reply
Anna November 17, 2023 - 10:08
Complete Scam! Scam! Scam!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It’s a fraudulent. This company scams people. They called me and I invested US$250 to this company. I started trading with them and seems be doing well. After gained some profits, I asked for a withdrawal. The assigned manager, Amy Hoffmann, said she would help me with the withdrawal process, but she never called me back. I tried to give them calls, text them in WhatsApp and sent emails, but there was no response.They disappeared. So I requested a chargeback with my credit card issuer and then I got my money back.
I also report them to the Canadian Anti-Fraud Centre.
Prevent yourself from becoming a victim.

Reply
Paul November 23, 2023 - 04:20
Tradecryptomasters

A lady Olivia kept ringing after she got your initial deposit then showed you how well it was going kept ringing pushing me to take more money out of my superannuation when I wouldn’t told me she had used her own money to keep the account alive I then did some inquiring and it is a definite fraud feel a bit silly should known better won’t invest again DON’T invest with TRADECRYPTOMASTERS

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