Cryptoportfolio.pro and cryptoportfolio.live are currently inactive domains. The brokerage provided online trading services with no regulations and eventually vanished.
While we cannot confirm whether this website issue is permanent or not, we can say one thing. Clients cannot access their trading account or their funds. Read this detailed Crypto Portfolio review for more information.
Also, remember the names of the PrimespotWay, Crypto1Capital and MorganCapFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Minimum Deposit:||250 USD|
|Cryptocurrencies:||Available – BTC, LTC, ETH|
|Types of Assets:||Forex, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Crypto Portfolio a Safe Trading Platform?
Crypto Portfolio broker is entirely anonymous. We don’t know who owns the website or under which legal jurisdiction it belongs. However, we know it offers unregulated trading conditions, which leads us to believe it was another offshore scammer.
Typically, offshore trading firms violate ESMA, MiFID, and all regulatory rules, providing trading conditions opposing laws. We have all the reasons to think that Crypto Portfolio is one of them.
Upon checking the databases of the FCA, ASIC, BaFin, and other Tier1 authorities, we could not find the broker’s regulations.
Reasons Not to Trust an Unlicensed Broker
Unlicensed brokers can offer remarkably high leverage and do not provide negative balance protection. They don’t have to keep clients’ funds in segregated accounts, meaning they can be used for employee salaries or reinvested.
Finally, as you can see with a Crypto Portfolio broker, unregulated brokerages can vanish anytime. Tracking down scammers and recovering funds from anonymous perpetrators can be quite a hassle.
How Reliable Is Crypto Portfolio Broker?
Crypto Portfolio is another scam that vanished with clients’ funds. Currently, their victims are left to find the best recovery solution. Therefore, you shouldn’t trust this company if you ever come across it again.
What Do Traders Think Of Crypto Portfolio?
We will show you an example of Crypto Portfolio reviews, showing exactly how the scam was conducted.
“I wanted to give ZERO stars but 1 is the lowest on trustpilot – its a shame.
I saw the crypto advert saying that for £250 they will return £7k and I thought why not, I am prepared to risk £250 so I gave it a go. They kept calling me to test my mindset and knowledge and set up an account on cryptoportfolio.pro
After a month my £250 funds were showing valued as £650 but they kept pestering me to pay £10k and I said no, they became aggressive and said they will close the account, I said go ahead, they asked why I was apprehensive and I advised that I do not trust them, I told them they advertised to make £250 into £7k so go ahead and do it and if I get £7k return then I will be happy to invest £10k, they became more aggresive and said if I do not invest more now they cannot work on my funds, I said I will withdraw the £650 and close the account. After a few days the website is no longer live. I lost £250 but glad I did not pay any more. BE WARNED everyone.”
– Trustpilot Customer
What Platform Does Crypto Portfolio Provide?
Crypto Portfolio advertises its platform as the “fastest & safest trades with cutting-edge technology.” Sadly, it’s just an ad. In reality, customers were only able to access a proprietary bad WebTrader.
It had very little functionality, including several charts and indicators. None of the advanced features were enabled, including EAs and social trading.
Instead of trusting phony websites, you can always find a broker offering MT4 or MT5. MetaTrader is used by over 50% of retail traders, making it the best and most reliable software in the last 15 years.
Customer Support – Communication Channels
As you had a chance to see in the reviews, Crypto Portfolio’s employees were quite persuasive. They contacted customers via phone calls, emails, WhatsApp, and Telegram messages.
If they found an unsuspecting victim on social media, they’d use fake Facebook and Instagram accounts to advertise their broker services.
However, the only way to get in touch with them was through a support email. Of course, this email is out of service, and currently, victims have no way of reaching the brokerage.
Crypto Portfolio – Countries Of Service
The majority of negative comments about Crypto Portfolio services come from:
Since the trading website disappeared, we expect the complaints to increase.
What is more, we strongly advise you not to invest in Axiance, Focus Markets and TrustGarden fraudulent brokers.
Crypto Portfolio Range of Trading Markets
According to its website, this platform enabled trading in the following markets:
- Forex – major, minor, and exotic pairs
- Cryptocurrencies – DOGE, XRP, ETH
- 150+ shares – Amazon, Google, Apple
- Indices – NIKKEI225, DAX30, FTSE100
- Commodities – energies, agriculture, metals
However, without website access, we won’t be able to vouch for the offer.
What Is Known About Crypto Portfolio’s Trading Conditions?
Trading conditions, spread and leverage, are something every trader is interested in. These conditions determine trading risks and costs.
Brokers like Crypto Portfolio don’t care about their client’s well-being. They need to advertise catchily, attract customers, and steal their funds.
Leverage and Spreads
This brokerage advertises a raw spread, starting at 0.0 pips. Without a platform, we cannot verify it.
The leverage is advertised up to 1:600 against all regulatory rules. In the EEA zone and the UK, the leverage cap is 1:30, while the US set it to 1:50 due to high risks.
Crypto Portfolio Minimum Deposit and Withdrawal Terms
The company required a minimum deposit of $250. That’s a typical sum for offshore scammers. Legit brokers allow customers to start with as low as $10.
Other withdrawal terms were not specified. Since the company vanished, withdrawals are no longer an option.
Methods of Making a Deposit
Company website advertised:
- Wire transfer
- Debit/credit cards
However, reviews point out that the company accepted cryptocurrencies as well.
Scammed by Crypto Portfolio Broker? – Let Us Hear Your Story
If you or someone close to you is a victim of a Crypto Portfolio scam, contact us immediately. This firm has already vanished, and chances of fund recovery are decreasing daily.
Let’s act quickly. Book your free consultation with our chargeback experts and we may be able to assist you in getting a refund.