Appropriately named Cryptos Circus, this trading firm is entirely anonymous. Instead of providing customers with information about the owner, legal jurisdiction, and more, we’ve got nothing. Investing in your funds with this particular brokerage equals giving it to any stranger on the street. They can vanish, and you can lose everything.
Read our in-depth Cryptos Circus review. We highlighted the main issues.
What is more, we strongly advise you not to invest in MilleniumOne, AlfaBTC and Capitality fraudulent brokers.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||OSC|
|Minimum Deposit:||250 EUR|
|Cryptocurrencies:||Available – BTC, BCH, ETH|
|Types of Assets:||Forex, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Cryptos Circus a Trustworthy and Licensed Broker?
Upon checking the broker’s website and legal documents, we can say that Cryptos Circus is not a trustworthy broker. On that note, it’s not licensed either. In fact, it imposes a risk on your funds due to its anonymity.
Typically, when companies plan on scamming as many clients as possible and vanishing, they fail to give any basic details. They don’t want to deal with lawsuits or complaints, and this is the way to ensure it.
Reasons Not to Trust an Unlicensed Broker
As presented above, if you have no owner and no authority to verify the owner, you cannot file any complaints. Furthermore, you can’t take any legal action as there’s no company in charge.
Regulated firms must follow strict rules and have significant capital, compensation funds, and more. Unregulated financial swindlers can simply disappear. And there’s nothing you can do about it.
Is Cryptos Circus a Scam?
Cryptos Circus is an anonymous trading website. The brokerage has been blacklisted by the Ontario Securities Commission for providing unregulated services in the business of trading in securities.
Warnings From Financial Regulators
The Canadian regulator has issued an official warning against Cryptos Circus trading scam. According to the Ontario Securities Commission, cryptos-circus.com is not registered to engage in the business of trading in securities.
This is your final and official proof that the broker is illicit. Don’t fall for the scam.
What Do Traders Think Of Cryptos Circus?
This trading firm has earned a negative reputation due to withdrawal issues. According to reviews, customers are supported to invest, but their accounts are blocked once they ask for a payout.
This is a typical MO for scheme firms. They will do anything to get ahold of your funds and then stop all communication and freeze your access to funds.
Cryptos Circus Offer WebTrader Platform? – Available Trade Software
Cryptos Circus offers a web-based trading platform. It’s a rudimentary trading tool without any advanced trading features. Customers can overview their trades, trading history, and available assets. Yet, there are no tools such as automated or social trading or a possibility for any advanced trading strategies.
Instead of wasting your time on some barely functional tools, find a legit broker offering MT4 or MT5. This software has proven to be the best investment tool with the largest number of technical and analytical indicators.
Cryptos Circus Accounts Overview
There are 3 Cryptos Circus account types you can choose from. They are:
- Starter – 250 EUR
- Premier – 250 EUR
- Elite – 250 EUR
According to the website, each account brings the same perks, spread, and functions. Thus, it’s unclear what the point of having the same type of account is.
Cryptos Circus Broker – Countries Of Service
This trading brokerage mainly provides its services to the residents of:
Thus, OSC issued a warning against fraud. We expect other regulators to react quickly and expose Cryptos Circus as a trading fraud.
Deposit Bonus and Bonus For Bringing A Friend
The company offers a deposit bonus of up to 30%, added to your account within 2-5 business days. We have up to 20% bonus for each customer bringing their friend.
Bonuses and other incentives are banned by the most significant regulators. Scam brokers were exploiting them to prevent customers from getting withdrawals before reaching an impossible rollover.
As you see, Cryptos Circus goes against regulations and with a malicious clause. According to it, customers need a rollover of 25 times the deposit plus the bonus amount before being eligible for a withdrawal.
Cryptos Circus Range of Trading Markets
Despite its somewhat misleading name, this firm offers trading in all 5 major markets, including:
- Forex – AUD/CAD, GBP/NOK, USD/ILS
- Commodities – gold, palladium, natural gas
- Indices – Dow Jones, FTSE100, AUS200
- Shares – Amazon, Apple, Google
- Cryptocurrencies – ADA, LTC, BCH
Also, remember the names of the BullGeko, AltoFX and Interactive Fund trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
What Is Known About Cryptos Circus’s Trading Conditions?
There are very few things we know about trading conditions. As explained, legal documents don’t provide any information, including this. The leverage is unspecified, meaning that you cannot assess trading risks.
The spread for all account types is said to be 1.4 pips. However, since we already elaborated on the account type offer being invalid, it’s unknown what to expect regarding the spread and other trading commissions.
Cryptos Circus Minimum Deposit and Unfavorable Withdrawal Terms
This company requires a minimum deposit of 250 EUR. If the firm was legitimate, it wouldn’t be that bad. But it’s not.
Withdrawals are subject to hefty fees of 50 units for wire transfers and 25 units for card withdrawals. A levy fee of 10% will be charged from all accounts that haven’t reached 200 in a rollover. Assuming it’s 200 lots, this broker wants you to achieve a rollover of $2 million before submitting a withdrawal request.
What Payment Method Does the Broker Accept?
The broker accepts:
- Debit/credit cards
- Wire transfer
The minimum withdrawal amount is also 250 EUR, which is rather high and limits your ability to get your money back.
Scammed by Cryptos Circus Broker? – Let Us Hear Your Story
If you were scammed by Cryptos Circus, you could claim a chargeback. Instead of letting a scammer run with your life savings, you ought to fight back. Our experts are here to help. Contact us to book a FREE consultation and we will evaluate your case thoroughly.
But What Is A Chargeback?
This is a way for your bank to get your money back from the merchant. The procedure is time-limited to up to 540 days. So, don’t waste your time. Get in touch now and let’s act!