A limited list of trading pairs is available at the offshore cryptocurrency broker Cryptrader.io. They advertise their program as being user-friendly, strong, and sophisticated, yet that can’t be further from the reality. In the complete Cryptrader review, we’ll explain why it’s a dubious entity.

Cryptoasx Review – How safe is to invest here?

A firm with a purported St. Vincent and the Grenadines incorporation is using the trading name Cryptrader.io, Modular One LLC. The reason the Caribbean island is teeming with con artists is that it is a dubious tax haven that doesn’t even regulate Forex companies. In addition, there is no information at all available regarding the referenced company because it is anonymous. Even the fact that such a legal body exists at all cannot be confirmed. We can infer that if you deposit with the broker, your money won’t be secure because Cryptrader.io is unregulated and anonymous.

Trading Platform

Cryptrader.io makes a lot of noise about the platform it offers, describing it as strong, adaptable, dependable, and so on. In truth, it is a faulty piece of web-based software that is completely useless for trading because there are insufficient indicators, inadequate drawing capabilities, and an unscalable chart. You should avoid Cryptrader.io because it offers a useless platform, which is more than enough of a reason.

Regulation And Safety Of Funds

Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. Cryptoasx is a scam, and your money is at risk.

By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.

Deposit And Withdrawal Methods And Fees

There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with Cryptoasx, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.

With Cryptoasx, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint. 

Customer Cryptoasx Reviews

Scam Helpers found that Cryptoasx got negative customer reviews and ratings on all other sites, and also got low trust scores among users. With this review and after reading all the negative and positive Cryptoasx reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.  

Commitments of Ensured Benefits

Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.

If you get attracted by such brokers, there’s a chance of getting scammed by them.

How does Cryptoasx Scam Work?

Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.

They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.

How to keep yourself safe from scam brokers?

  • Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
  • Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
  • If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
  • If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.

Is Cryptoasx broker Legit or a scam: Conclusion

It is clear from the Cryptoasx review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Cryptoasx and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.

Scammed by Cryptoasx? Scam Helpers can help

If you are a victim of the Cryptoasx scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.

More about Scams

Forex Trading Scams

Facebook Scams

Investment Scams

Visit our Facebook Page

Visit our Twitter account

Read the comprehensive list of Scam brokers here


The information on this website is for general purposes only and not a professional advice. We do our best to ensure accuracy but cannot guarantee it. Website visiors should seek professional advice before making any decision. We are not liable for errors or actions taken based on the information we have provided. Referrals to third parties may result in compensation as an affiliate.