Crypto Guider falls into the category of untrustworthy firms. Its lack of transparency, exorbitant fees, and a Bonus policy designed to hinder profit withdrawals are clear indicators of its fraudulent operations. For a comprehensive understanding of the issues associated with Crypto Guider, we have prepared a detailed Crypto Guider review that sheds light on these concerns and more.
Moreover, the company’s trading conditions are exceptionally poor, leaving us unable to find any compelling reason to recommend it. We strongly advise you to steer clear of this broker.
Website – https://crypto-guider.com/
Website Availability – Yes
Address – NA
Warned By – The Central Bank of Russian Federation (Russia), British Columbia Securities Commission (Canada), Ontario Securities Commission (Canada)
Regulation – Unregulated, Blacklisted
Domain Age –
|Date Registered||March 09, 2022|
|Domain Age||1 year, 4 months, 6 days, 19 hours, 2 minutes, 51 seconds|
Crypto Guider Review: Regulation
The company operates in complete anonymity and without any form of licensing. As a result, the customary protections that traders typically rely on when dealing with licensed firms are non-existent in this case. However, what is even more alarming than the absence of safeguards for traders is the possibility that Crypto Guider may be running a scam. Without a license, there are no regulatory authorities to prevent the individuals behind this broker from absconding with your funds. Consequently, it is crucial to prioritize licensed firms if you seek a secure trading experience.
Warnings issued against Crypto-Guider
The British Columbia Securities Commission (BCSC) and the Ontario Securities Commission (OSC) of Canada issued a warning against Crypto Guider. According to the regulators, this broker is not regulated and is not advised to provide financial services. Also, Crypto Guider is blacklisted by these regulations.
Crypto Guider offers a decent range of markets, including Forex, Commodities, Stocks, Indices, and Crypto. However, it’s worth noting that these instruments are also available through brokers that are generally considered more reasonable and trustworthy.
Crypto Guider Review: Trading Platform
The web-based trading platform offered by Crypto Guider is disappointingly subpar and lacks any notable features. However, an even more significant concern than its limited functionalities is the possibility that the trading activity displayed on the platform does not accurately reflect reality. Offshore firms often manipulate their platforms to create an illusion of trading with clients’ funds when, in truth, they are siphoning off these funds for their own benefit as soon as they are received. These unscrupulous individuals engage in deceptive practices, ultimately leading to the theft of investors’ funds.
Crypto Guider Review: Deposit and Withdrawal Methods
Crypto Guider exclusively accepts deposits through cryptocurrencies, which poses a significant drawback due to the absence of chargeback capabilities for such payments. This limitation becomes even more problematic when attempting to withdraw funds from Crypto Guider, as the absence of chargeback options makes the process exceedingly challenging. As a general rule, it is advisable to steer clear of firms that restrict deposit methods solely to digital currencies.
Additionally, Crypto Guider requires a minimum deposit of $2500, which raises suspicion. Legitimate brokers typically offer micro accounts with deposits as low as $10, making such a substantial demand unnecessary and serving as another red flag indicative of potential fraudulent practices.
Crypto Guider Review: Spreads and leverages
Crypto Guider does offer decent spreads, which fall below the 1 pip difference typically observed among reputable FX brokers nowadays. However, it is important to consider the potential costs associated with trading on this platform, particularly in terms of withdrawal fees and the risks of dealing with a fraudulent or insolvent firm. Consequently, despite the attractive spreads, we cannot recommend Crypto Guider due to these concerns.
Regarding leverage, Crypto Guider displays a leverage ratio of 200:1 for FX assets on its platform. However, there is a lack of clarity regarding the margin requirements for other instruments offered by the platform. It is probable that the leverage offered for these instruments is also unreasonably high, as scammers often entice victims with exaggerated leverage opportunities.
Crypto Guider Review Conclusion
If you have experienced financial losses with Crypto-guider.com, there’s no need to panic. You are not alone in this situation, as others have faced similar challenges in the past and unfortunately, others may encounter them in the future.
If you are seeking assistance in recovering your lost funds, our team of experts is available to support you. You can initiate the fund recovery process by completing a complaint form on our website. We are dedicated to providing the necessary guidance and support to help you reclaim your funds.
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