Beware! Global Crypto App 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.
With their “top notch trading algorithms” Global Crypto App makes an impressive claim to grant you 95% success with all of your trades. And they also claim to offer “the most advanced social trading platform”, that will guarantee your financial freedom for the rest of your days.
As good as this may sound you should be extra careful, if someone promises to make you rich in just a couple of weeks.
Actually Global Crypto App is one of those portal websites, designed with the single purpose to attract new customers for low credibility offshore brokers. We call such websites robo scam websites, as they do not offer a trading platform, but simply act as marketing agents.
No name of the company behind the website
Global Crypto App is completely anonymous. There is no contact address, phone number or any detail about the company running the website. Even the name of the company is not disclosed. But if you do register, filling the simple registration form with your e-mail and phone, you will be redirected to the web page of an offshore broker like Markets Cap, TradeLTD or Globalix, where you will be offered a trading account with a minimum deposit of between 250 USD and 500 USD.
And that is where Global Crypto App get their commission from. If you register they will be payed by the offshore broker you have opened an account with, which on its part will make sure to squeeze you out of your money.
An besides, as it turned out there is a fresh warning against TradeLTD issued by the Italian financial regulator CONSOB, while Globalix is blacklisted by the Spanish financial authorities.
No track record
If you believe the anonymous testimonials Global Crypto App have in their presentation, you will be left with the impression that your initial 500 USD will surge to 2000 USD in just 20 days. 400% profit in less than a month is pretty impressive, as well as the 95% success rate with your trades. We are not told, however if this is achieved with Global Crypto App social trading platform or with their innovative trading algorithms.
In fact Global Crypto App does not go into any details, how exactly this is going to work. And there is no proven historical track record of their algorithms or “social trading platform” – something, which you can easily check with well known social trading platforms like Zulu trade and eToro, where investors follow signals of professional traders, knowing exactly what risk, they are willing to take.
No regulatory guarantee
We already noted that Global Crypto App website is completely anonymous – their presentation lacks basic information like company name, contact address, phone numbers and so on, so it is not a big surprise that they say nothing about their license as well.
Bear in mind that all forex and CFD brokers operating on markets like the European Union, Canada, Australia, Japan or the U.S., as well as all companies that provide financial services in general, are obliged to obtain a legit financial license issued by an official regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
A legit license is the is the most important factor for the security of your finds, so our general advise is to trade only with brokers that are properly regulated.
