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CrypNetEasy Broker Review

CrypNetEasy, like many other shady websites, provided us with the alleged owner’s name and country of residence. However, everything about this online trading broker is questionable, and we want to be clear: we advise you to avoid it. Why? Let’s discover it by reading our CrypNetEasy review.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FCA (UK Regulator)
Owned by: Rogers Company EOOD
Headquarters Country: Bulgaria
Foundation year: 2020
Supported Platforms: Web Trader
Minimum Deposit: 300 EUR
Cryptocurrencies: Available – ETH, BTC, XRP – total 5
Types of Assets: FX, commodities, indices, stocks, cryptocurrencies
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: No

CrypNetEasy Regulation

CrypNetEasy is allegedly a Bulgarian brand owned by Rogers Company EOOD. Because this country is a member of the EU, all brokers should opt for regulation and follow ESMA and MiFID rules.

However, the Bulgarian regulator FSC appears to have never heard of CrypNetEasy or its proprietors. It effectively suggests that this firm is not following any rules, and you might be easily duped. And that’s only the beginning of our extensive list of red flags.

Warnings From Financial Regulators

The UK FCA was the first to detect the CrypNetEasy trading fraud and issue an official warning. CrypNetEasy, according to this authoritative organization, is a fraudulent company, and anyone connected is not eligible for the FSCS compensation fund because the broker is unlicensed.

Fund Withdrawal Issues

Assuming you made a financial investment with CrypNetEasy. Because the firm is unlicensed and follows no laws, your odds of being paid out are nearly nil. Clients are overwhelmingly complaining about this issue, according to multiple CrypNetEasy evaluations.

The broker appears to have a strategy. When you request a withdrawal, the account manager in charge will attempt to delay you, and if you persist too long, your account will be suspended.

According to what we’ve seen, CrypNetEasy appears to be most prevalent in Germany, Spain, and Greece. Because it purports to be situated in the EU, it induces clients to assume they are dealing with a legitimate organization with a Tier 1 license. When they realize this is all bogus information, it’s too late. Be cautious and do not fall victim to the CrypNetEasy scam.

Traders About CrypNetEasy Scam

It’s no surprise that the majority of customers have been taken advantage of. Traders complain about withdrawals, a platform riddled with glitches and slowness, and account managers who are unpleasant and push consumers to deposit money without seeing any benefits.

If you’re thinking about investing, search for a Tier 1 licensed firm because only those have reimbursement reserves in the event of a disastrous outcome.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]