CrossTower Crypto Trade Market is a cryptocurrency and NFT trading platform that claims to offer a variety of features and services, including NFT minting, selling, and a user-friendly trading platform. However, there are a number of red flags that suggest that CrossTower Crypto Trade Market is a scam broker.
Company Overview
CrossTower Crypto Trade Market is a relatively new broker, founded in 2021. According to their website, they are based in New Jersey, USA. Though they are based in the USA, they should have shown some authorization or license regarding this. But, the real fact will be shown below.
Does CrossTower Crypto Trade Market Have Any License?
No, This Market does not have any licenses or regulations from any reputable financial authority. Their website does not show a single word regarding their license. That means they can hide themselves any time they want.
Is CrossTower Crypto Trade Market Regulated By Any Authority?
No, This Market is not regulated by any authority. As they are based in the USA, they should have regulations from FINRA or SEC. So, when we tried with FINRA, the result was:
Pros and Cons
Pros:
- High leverage
- Tight spreads
- User-friendly trading platform
Cons:
- No licenses or regulation
- Unregulated offshore company
- Negative reviews from users
How Does CrossTower Crypto Trade Market Reach To Their Prey?
CrossTower Crypto Trade Market reaches their prey through a variety of methods, including:
- Online ads
- Social media
- Cold calls
The ads and social media posts typically make false or misleading claims about the broker’s legitimacy and profitability. The cold calls are often made by high-pressure sales representatives who try to convince people to open an account with the broker.
Packages and Products They Offer
CrossTower Crypto Trade Market offers two packages:
- Millennials’ club: $595
- VIP club: $159
These are actually for their main service Ticketverse NFT platform. They have partnered with PFL and their clients will get some privileges if they get this membership.
Withdrawal and Deposit Method
withdrawal and deposit methods offered by CrossTower Crypto Trade Market are limited. The only way to deposit funds is through wire transfer. There are no withdrawal fees, but there is a minimum withdrawal amount of $250.
What Do Their Previous Traders Say?
There are a number of negative reviews about the CrossTower Crypto Trade Market online. Former traders have complained about the high fees, the slow customer support, and the difficulty of withdrawing funds.
Summing Up- Why Should Not You Trust CrossTower Crypto Trade Market
There are a number of reasons why you should not trust CrossTower Crypto Trade Market. The broker is unregulated, the trading platform is not user-friendly, and there are a number of negative reviews online. If you are looking to trade crypto, it is best to choose a regulated broker with a good reputation.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to CrossTower Crypto Trade Market, you may be able to get your money back through a chargeback or through a crypto recovery service. However, it is important to act quickly, as the longer you wait, the more difficult it will be to get your money back.
You can contact us for a quick solution. When you will submit your case to us, you will get a free consultation to show you the next steps for your money recovery. Our experts will provide you with some recovery service recommendations and educational materials.
File A Complaint Against Scam Broker's
Final Thoughts
CrossTower Crypto Trade Market is a scam broker that should be avoided. If you are looking to trade crypto, it is best to choose a regulated broker with a good reputation. Don’t fall for their trick.
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