Boacrypto Review: Is Boacrypto.com a Scam or Legit Company?

Boacrypto is a Crypto/stock trading platform. They claim to be at the top in CFD brokerage. However, do not be quick to deposit funds with the broker yet. Numerous scam traits are shown that prove the platform is shady.

Accordingly, there are legit, trusted crypto companies that you could invest with. Here risk measures are in place to curb massive losses. Boacrypto also claims to have offices in more than 8 countries.  We did thorough research from various sources in coming up with this unbiased review.

The same process is used to determine a broker is legit before we recommend it. You will only be risking your funds and making no profits in Boacrypto. The founders’ information is hidden, raising even more doubts with the investment firm. Moreover, details on the founders and team of employees are essential to us.

This helps in knowing the kind of qualifications the company has and the results to expect while trading. It is also tough to trust anonymous people with your funds.

Your information may fall in the hands of criminals because some platforms require you to provide such data. Also, scammers fail to provide their details because they open new websites and rob innocent traders.

When the previous one is shut or does not have enough funds to pay customers. Boacrypto promises top-notch trade experience while investing and is what helps them to stand out from the rest. Additionally, you should be careful about the kind of people you trust for your investments. Trading is not child’s play, and relying on the wrong trade directions may cause heavy unwanted losses.

Boacrypto.com Review

Boacrypto also claims to never settle for less as the main obligation is to see their customer grow. In addition, how they plan to help traders is unknown, and they expose a lot of murkiness. The sales pitch is also poorly presented, and a lot of information is left out, causing more and more doubts on Tradesbolt.com.  The main focus for the investment firm is CFDs, and they urge you to seek financial advice from their website.

Meanwhile, you can choose to trade on 6 assets; Forex, Crypto, Commodities, Energy, Indexes, and Stocks. Besides, you also get access to 500+ trading instruments to aid your trading needs.

Boacrypto claims that it is globally licensed and regulated, but we also cover this as you read further. It grants investors unparalleled trade conditions, but the market has high volatility, and sometimes the profiting trade may not profit you much.

The trading world is also rapidly growing, and numerous companies are evolving daily. Therefore you should always read reviews and research before investing any amount.

Scammers also try to take advantage of the market growth, and they promise clients unachievable gains. Newbie investors can also get an opportunity to invest and benefit profitably. They claim to have educational materials which are nonexistent anywhere on the website.

They do not seem to have any trade activities taking place. Besides, if Boacrypto was making any profits, the same should be visible via trade results. However, scammers also have fake past trade data on their websites, and you should verify such data.

Most preferably through Myfxbook, which is suitable and reliable for past trade data. Therefore the result is not likely to change anytime soon as you should perhaps choose to trust legit crypto brokers that have recommendable trade history.

How BoaCrypto Operates

Boacrypto is easy to use, and they claim to be a user-friendly platform. Once you complete registration, you get access to a demo account.

Thus you should probably stick to the demo account until they correct a lot of missing data on the website. They also provide step-by-step tutorials, articles, and online webinars, and seminars. Investors also receive a personal account manager. Boacrypto offers tight spreads, and trade executions are fast. Consequently, you will receive access to secure trading tools and technologies.

Meanwhile, there is no relevant data that proves the system will generate profits. Also, the kind of algorithm and AI that is used is unknown. Using the wrong trading tools will only cause you losses; therefore, you should avoid Boacrypto at all costs.

You receive your profits when the account managers earn and full access to your account. The company only seems to have an interest in the customers’ funds. Nothing they do or promise traders makes sense.

The profits that you may receive while trading is also unknown, and this is a warning sign. You should also know the risk measures that are in places such as stop loss and more.

Funds Safety

Without relevant past trade data, you will not make any profits. Boacrypto has no trade evidence of any successful withdrawals made by customers either. What are the odds that this data will change whence you invest with them? Accordingly, the funds may be stored in their own personal accounts.

They do not have any banking info to guarantee your funds are safe. They accept various deposit methods. Scammers will hold your funds for a long and some even block your details from accessing the platform once they have your funds.

Boacrypto has no positive feedback anywhere to show that you are dealing with legit people. Funds Safety is very important, and any company like Tradesbolt.com showing murkiness does not require your attention.

Regulation and Customer support

The FCA does not regulate Boacrypto. If they lie about regulation, then the company does not have any good intentions of generating profits for you.

Regulated investment firms that you can count on to make considerable profits. It Will always showcase a high level of transparency, and you can easily verify any data they provide.

The founders also risk facing criminal prosecutions and are the main reason they do not provide any details of their whereabouts. The safety of your funds is a guarantee in regulated platforms and vice versa.

Boacrypto may easily disappear at any time with customers’ funds and breaks the law whenever. The company also risks getting shut by the law enforcers for illegal operations.

Working contact support is very important. You should always get a response to any query related to the company. Boacrypto does not feature support that you can reach them with, and this is a major red flag to avoid the company.

Final Verdict

Boacrypto is not transparent with the founders’ information, and you may lose all your funds. Not only are your funds at risk, but also personal information may fall into the wrong hands. No data is showing the kind of progress the company has made since its existence. Therefore they may even not be generating any profits.

They are only interested in the funds you deposit. So once this is complete, your business with them is over. Furthermore, scammers will promise massive bonuses only as an attempt to lure you into depositing funds.

Boacrypto showcases so many scam traits, and any time you come across it, better ignore their offers. Invest with legit crypto companies that are transparent to earn reasonable returns.

Tags: Boacrypto Scam Review, Boacrypto.com Review