CrowdTechTrade Review: Should You Invest In This Company?

CrowdTechTrade is a company that only launched on the 22nd of January 2021. This means that this company has been in the market for less than three months. Such a company should not brag about its experience in the market. However, this does not stop CrowdTechTrade from claiming to be one of the market’s best forex brokerage companies.

What we are looking at here is a company that will say anything to get customers. The founders are trying so hard to convince people that they can serve investment needs with total professionalism. But any seasoned trader can see through this company. For starters, the level of transparency in this company is abysmal.

Everything on this company’s website is a lie. All the statements are marketing tools to attract eager investors. Sadly, there are too many companies like CrowdTechTrade in the market. You better do your research before investing.

Luckily, we gathered some information to help you with that. This review will look at the various aspects of CrowdTechTrade to show why you cannot trust this forex broker.

In the meantime, there are many regulated and trustworthy forex brokers that you can invest in right away. Invest with such companies and start trading today.

Crowdtechtrade.com Review

The first thing you see on crowdtechtrade.com is the 50% sign-up bonus the company is offering. This shows how desperate the company is to attract customers. These people will do anything to get their hands on your money. In reality, this company does not even have a platform to execute trades.

Additionally, there is a lot of critical information that is missing. No legitimate forex broker would leave out crucial information like deposit and withdrawal methods. They will always provide all the information clients need to make the purchasing decision.

Further, this company is offering clients access to a variety of assets. Investors can trade forex, commodities, shares, indices, and cryptocurrencies. This means that they can spread their risk of investment across various markets. While this may be good, it does not mean a lot when coming from a shady forex broker. 

Moreover, this company’s services are riskier than they want you to think. They are offering clients account management services, but they do not want you to know who they are. They are trying to get you to surrender your assets to unknown individuals on the internet. This is a recipe for disaster.

CrowdTechTrade Investment Plans and Trading Conditions

There are four main investment plans you can choose from on CrowdTechTrade. These include the Mega, Giga, Tera, and Peta accounts. All these accounts are different depending on the investment a client makes.

The Mega account requires a minimum deposit of $250. This account gives clients spreads as low as 2.4 pips. Additionally, the maximum leverage for this account is 1:500. 

The next account is the Giga account. This requires a minimum deposit of $2,000. It comes with minimum spreads as low as 1.4 pips. Additionally, the account comes with a maximum leverage of 1:400.

On the other hand, the Tera account requires a minimum deposit of $15,000. This gives clients spreads from as low as 0.4 pips. Additionally, it offers clients maximum leverage of 1:200.

The final account is the Peta account. It requires a minimum deposit of $50,000. This gives clients spreads as low as 0.4 pips and maximum leverages of 1:100.

These are some of the most expensive accounts in the forex space. There is no reason to invest so much money in a company that does not have trading software.

CrowdTechTrade Deposit and Withdrawal

The deposit and withdrawal section of this website is very vague and unencouraging. The company does not seem to be sure of the payment methods it supports. This company is only talking about the policies that apply and not the payment methods supported. No professional company would leave out such important information.

Moreover, once you sign up, the deposit and withdrawal section barely works. This is a terrible company with a terribly designed website. Your money can never be safe in the hands of such individuals. Do not invest with these people.

Founders and Physical Address

Like many scam operations, CrowdTechTrade does not introduce us to any of the team members. There are no names or faces on the website. Additionally, the company does not have a social media presence. The founders are totally distancing themselves from the scam operation.

There are too many risks involved in investing in such companies. Only people running illegitimate companies see the need to hide their identities. They do so to ensure that no one tracks them down. Moreover, they do this so that the law does not track them down.

These people are only in the market to steal people’s funds. They have no interest in servicing your investment needs. Additionally, you can tell that these people do not have morals. Such individuals may decide to take off with your money and disappear. In this case, you will have no idea who to look for. Moreover, it is impossible to track these people down. The company did not care enough to give us the address of its headquarters.

You better not invest in such companies. Ensure you only invest in companies operated by people with verifiable identities. That is the best way to avoid scam operations like CrowdTechTrade.

Regulation and Fund Safety

We always insist that you should never invest with unregulated forex brokers. Doing so will always lead to you losing your funds. There are too many risks involved. We can assure you that CrowdTechTrade is one such unregulated company.

For starters, this company does not tell us where it operates from. However, in its terms and conditions, the company claims to abide by Estonian laws. Therefore, we can assume that this company operates from this jurisdiction.

Fortunately, Estonia has a forex regulator to keep companies in check. The Estonian Financial Supervision and Resolution Authority are in charge of forex regulations in this country. However, when we searched for the company on this body’s website, and found no results. Therefore, CrowdTechTrade is operating in Estonia without a regulatory license.

No unregulated company can ever assure you of your funds’ safety. Such companies do not have the right banking setup to protect your funds. This includes having segregated accounts in a Tier-1 bank.

Moreover, there is no evidence of systems’ protection on this website. This means that hackers can easily access and steal your funds and sensitive data. There is too much at stake here.

Final Verdict

We cannot, in our right minds, recommend this terrible forex broker to you. The design of this company’s operations makes it easier to lose funds than making any returns. This is an unregulated company with no right to provide financial services.

Additionally, the level of transparency is abysmal. We have no idea who is behind this company or what their background looks like. On top of that, customer support for this company is virtually non-existent.

This company cannot offer you the services you are looking for. Luckily there are regulated and reliable forex brokers for you to invest in. They are the best in the market, and you will never regret investing in them.

Tags: CrowdTechTrade Scam Review, Crowdtechtrade.com Review