Planetcrypt is a forex and CFD trading platform that claims to offer a variety of features and benefits to its clients. However, there are a number of red flags that suggest that Planetcrypt is a scam.
Company Overview
Planetcrypt is a relatively new broker, having been founded in 2022. The company is registered in Seychelles, but it does not have any licenses or registrations from any reputable financial authorities. This is a major red flag, as it means that Planetcrypt is not subject to any oversight or regulation.
Does Planetcrypt Have Any License?
No, Planetcrypt does not have any license from any reputable financial authority. This is a major red flag, as it means that Planetcrypt is not subject to any oversight or regulation.
Is Planetcrypt Regulated By Any Authority?
No, Planetcrypt is not regulated by any reputable financial authority. This is a major red flag, as it means that Planetcrypt is not subject to any oversight or regulation.
Pros and Cons
Pros:
- Planetcrypt offers a variety of trading instruments, including forex, CFDs, and cryptocurrencies.
- Planetcrypt offers a demo account that allows users to practice trading without risking any real money.
- Planetcrypt offers a variety of educational resources to help users learn about trading.
Cons:
- Planetcrypt is not regulated by any reputable financial authority.
- Planetcrypt has a history of negative reviews from users.
- Planetcrypt has been accused of being a scam.
How Does Planetcrypt Reach To Their Prey?
Planetcrypt uses a variety of methods to reach out to potential victims. These methods include:
- Running ads on social media and other websites.
- Making cold calls to potential victims.
- Offering free trading signals or courses.
Technical Details
Minimum Deposit:
The minimum deposit requirement at Planetcrypt is $250.
Trading Platform:
Planetcrypt uses the MetaTrader 4 trading platform. This is a popular platform that is used by many other forex brokers.
Spread:
The spreads at Planetcrypt are variable. This means that they can change depending on market conditions.
Leverages:
They offer leverage up to 1:100. This means that you can control a position worth 100 times your initial deposit.
Packages and Products They Offer
Planetcrypt offers a variety of packages and products to its clients. These include:
- A basic package that offers access to the MetaTrader 4 platform and a demo account.
- A premium package that offers access to live trading, educational resources, and a personal account manager.
- A VIP package that offers all of the features of the premium package plus additional benefits, such as priority customer support and access to exclusive trading signals.
Withdrawal and Deposit Method
This website offer a variety of withdrawal and deposit methods, including credit cards, debit cards, wire transfers, and cryptocurrencies.
What Do Their Previous Traders Say?
There are a number of negative reviews about Planetcrypt online. These reviews allege that Planetcrypt is a scam and that it has stolen money from its clients.
Summing Up- Why Should Not You Trust Planetcrypt
There are a number of reasons why you should not trust Planetcrypt. These reasons include:
- The company is not regulated by any reputable financial authority.
- The company has a history of negative reviews from users.
- The company has been accused of being a scam.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Planetcrypt, you may be able to get your money back through a chargeback or through a financial recovery service. A chargeback is a process through which your bank can reverse a fraudulent or unauthorized transaction. A financial recovery service can help you to track down and recover your lost money.
File A Complaint Against Scam Broker's
Final Thoughts
Planetcrypt is a scam broker that should be avoided. If you are considering trading with Planetcrypt, I urge you to reconsider. There are many legitimate forex brokers out there that you can use instead.
If you have lost money to Planetcrypt, I encourage you to seek help from a financial recovery service. There is still hope that you can get your money back.
We provide free consultation call and recovery service recommendations to help in recovering the lost fund.
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