Beware! Cryptoodukes is most probably a scam system! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Crypto Dukes is a scammer of the type we have seen quite often nowadays. Mostly they are known as “crypto robots” and purport to offer some sort of cutting-edge trading software, with a clear-cut focus on cryptocurrencies. In other words – they are exploiting the frenzy around crypto in an attempt to sting vulnerable and naive traders for their money. Crypto Dukes is allegedly operated by a group of top-notch blockchain analysts and crypto-experts, headed by the founder Jaden Monahan. Going through their website we first discover that they weren’t exactly generous when it comes to the budget for their video-trailer. It is only a minute and a half long. What we do find out is that Crypto Dukes have discovered a staggering way of winning big money (kudos for them!) through trading with cryptos. We need only register and give away our personal information. The trailer video even ends with a dramatic last second question – “Do you have what it takes?” However, having in mind the obvious fraudulent nature of the whole operation and the many question-raising details about it, we should ask ourselves – do we want to have what it takes?
No name, no address, no number
Our thorough research gave us worrisome, but not surprising, results. There is no information regarding the registered address, the company behind it, nor even the country of origin. Furthermore, searching for the name Jaden Monahan, who we are even told is a family man, among the trading world online did not yield much results, as he is virtually unknown (if he even exists in the first place, which it not unreasonable to doubt). Furthermore, his name only figures in other reviews exposing the shady nature of Crypto Dukes. Unfortunately – it seems that the crypto robot is simply part of the most popular scam out there.
Precisely through such websites, armed with tempting video trailers or, as is in this case, attractive products, traders are lead by the nose to register and carelessly give away their address, phone number and email. Minutes later that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like CKMarkets or StarFinex, urging them to invest. The reasoning behind the crypto robots is simple – every time a trader get redirected to a brokerage and invests with them – they get a piece of the pie.
No verified track record
Even if we choose to believe Jaden Monahan, father of three, about his identity and business venture – which we certainly do not advise – there are still problems. To put it bluntly – we have no assurance for results. In trading there are platforms such as eToro or Zulutrade where you may search through the profiles of different traders, taking notice of his track-record in trading, whether losses or winnings are the majority. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with websites such as Crypto Dukes you are hopelessly relying on blind faith.
No regulatory supervision
Furthermore, there is absolutely no regulatory guarantee about the whole product. Whoever is behind the website, whoever is hiding behind the made up name Jaden Monahan, does not fall under any regulatory oversight and their hands are untied to do pretty much as they wish.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If Cryptoodukes truly were working all this time on an innovative trading product worth something, they would have found alternative ways of financing themselves, instead of relying on cheap traffic through a cheesy bait-clicking commercial about itself. They could apply for a credit at the bank or raise money through crowd-funding. Although, in order to do that successfully, they have to be legitimate – which they most likely are not.
All in all, Jaden Monahan and his Crypto Dukes comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested not to risk it, otherwise they might be duped.