CryptoTradesAU.com: hides its scam scenarios under popular broker services
“Nice design and informative content on the website” – common thoughts that arise when you go to CryptoTradesAU.com. The site really attracts attention and encourages further registration and trading. However, due to the great growth of scammers, beautiful and thoughtful visuals will no longer surprise anyone, and therefore you always need to dig deeper. With each stage of the investigation, we became more and more convinced that it was not for nothing that this site seemed suspicious to us.
- Broker name: CryptoTradesAU, Crypto Trades AU
- Address: No details
- Website: https://cryptotradesau.com/
- Regulation: Not regulated by any legitimate company
- Customer support: support@cryptotradesau.com
- Language: English
- Phone number: No details
First red flag: Unregulated operations
One of the most critical aspect of any trading platform is its regulatory status. CryptoTradesAU operates without any known licenses or regulatory oversight. This lack of regulation means that they are not held to the standards and protection that legitimate brokers must adhere to, leaving your investments at significant risk.
Moreover, this site is relatively new, so it has a very mixed reputation due to the lack of any legal information about the owner or the team as a whole. The ‘About Us’ section contains only general information that does not reveal the true reasons for the operation of a false broker.
Second red flag: Unrealistic promises of high returns
CryptoTradesAU entices potential investors with promises of guaranteed high returns. They often market themselves with phrases like “double your money in a week” or “guaranteed profits”. So, it is better for you to remember that legitimate brokers and trading platforms will never guarantee profits as well as all investments carry risks.
Third red flag: Poor customer service
Despite the large content of the platform, a page with available contacts could not be found. Those standard communication channels are friendly to you until the first deposit, then the popular fraudulent schemes that CryptoTradesAU uses come into play.
Non-responsive support
Numerous users have reported that once they deposit money, customer service becomes virtually non-existent. Emails go unanswered, and phone calls are not returned, leaving traders without support in critical situations. But the strangest thing is that all revealing information about the broker often disappears. So to give this scammer some credit, they are investing a lot of money into cleaning up their reputation.
Inadequate help channels
Even when responses are received, they are often generic and fail to address the specific issues raised by clients. This lack of effective communication is a significant concern for any trader relying on the platform. Also, the contact information on the website is not enough. You can’t copy the email address or phone number because they don’t have a separate page, just a small line in the footer of the icon view.
Fourth red flag: Withdrawal issues
We notice one quite common complaint among clients and it is the difficulty in withdrawing funds from an opened account at cryptotradesau.com. Traders have reported extensive delays, unending verification processes, and outright refusal to process withdrawals, indicating a real scam.
This is a common tactic of scammers to prevent you from sounding the alarm right away and making false promises while stretching out time. After all, when you can significantly increase your income, you are euphoric and the promised couple of days of delays do not seem critical to you. However, over time, these couple of days turn into months and hundreds of unanswered emails and calls.
Fifth red flag: pressure tactics and aggressive marketing
CryptoTradesAU employs high-pressure sales tactics to push users into making deposits quickly. They often call users persistently, using aggressive marketing techniques to coerce them into investing more money without adequate time to consider the decision. Pay attention to the approach itself, it is almost impossible to reach them by phone, but they may call you dozens of times a day to convince you to invest as much money as possible.
Final conclusion on the CryptoTradesAU.com scam
Based on the numerous red flags highlighted, it is clear that CryptoTradesAU exhibits many characteristics of a scam broker. From unregulated operations and unrealistic promises to poor customer service and withdrawal issues, this platform presents significant risks to traders. It is crucial to exercise caution and seek out well-regulated, transparent brokers to ensure the safety of your investments. Always perform thorough research and avoid platforms that exhibit any of these warning signs.
Did you notice a similar scenario of events that happened to you with this broker or, on the contrary, had a different experience? We’ll be glad to hear your opinion in the comments.
Their website looks professional, but it’s all a front. After transferring money, they stopped all communication. Avoid at all cost…
The broker’s app is really slow and outdated. It takes forever to load, and navigating through it is a hassle. Also I withdrawal only 100usd but other 2,588 is still there!!
The broker’s website is full of bugs and glitches.