The United Kingdom’s Financial Conduct Authority has issued a warning against Crypto Desk Gain LTD in October 2023
If you are looking for a reliable and trustworthy broker to trade cryptocurrencies, you might have come across Crypto Desk Gain LTD. This company claims to offer a variety of services, such as trading signals, education, market analysis, and account management. But is Crypto Desk Gain LTD a scam or a legit broker? In this review, we will examine the features, pros and cons, and reputation of Crypto Desk Gain LTD to help you make an informed decision.
Features of Crypto Desk Gain LTD
Crypto Desk Gain LTD is a broker that specializes in cryptocurrency trading. It offers access to over 100 digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more. The broker also provides a web-based trading platform that is easy to use and has advanced tools and indicators. Some of the features of the platform are:
- Live charts and quotes
- Multiple order types and execution modes
- Customizable layout and interface
- Trading history and reports
- Market news and analysis
Crypto Desk Gain LTD also claims to offer trading signals that are generated by professional traders and analysts. These signals are supposed to help traders identify profitable opportunities and execute trades with confidence. The broker also offers educational resources, such as webinars, videos, articles, and ebooks, that cover various topics related to cryptocurrency trading. Additionally, Crypto Desk Gain LTD offers account management services, where traders can delegate their trading activities to a team of experts who will trade on their behalf.
Pros and Cons of Crypto Desk Gain LTD
- Wide range of cryptocurrencies to trade
- User-friendly and advanced trading platform
- Trading signals and education
- Account management services
- Lack of regulation and transparency
- High fees and commissions
- Negative customer reviews and complaints
- No demo account or free trial
Is Crypto Desk Gain LTD a scam or a legit broker?
The most important question that traders need to ask before choosing a broker is whether it is a scam or a legit company. Unfortunately, in the case of Crypto Desk Gain LTD, there are many red flags that indicate that it is not a trustworthy broker. Here are some of the reasons why we think that Crypto Desk Gain LTD is a scam:
- The broker is not regulated by any reputable authority. This means that it does not follow any rules or standards that protect the interests and rights of traders. It also means that there is no guarantee that the broker will honor its obligations or provide fair and honest services.
- The broker charges high fees and commissions for its services. For example, it charges a 10% withdrawal fee, which is very excessive compared to other brokers. It also charges a 20% performance fee for its account management service, which is also very high.
- The broker has received many negative reviews and complaints from its customers. Many traders have reported that they have been scammed by Crypto Desk Gain LTD, who refused to process their withdrawal requests, manipulated their trades, or closed their accounts without any reason. Some traders have also claimed that they have been harassed by the broker’s representatives, who pressured them to deposit more money or threatened them with legal action.
- The broker does not offer a demo account or a free trial. This means that traders cannot test the broker’s services or platform before investing their money. This is a common tactic used by scam brokers to lure unsuspecting traders into their trap.
Based on our research and analysis, we conclude that Crypto Desk Gain LTD is a scam broker that should be avoided at all costs. The broker does not have any regulation or transparency, charges high fees and commissions, has negative customer reviews and complaints, and does not offer a demo account or a free trial. Therefore, we advise traders to stay away from Crypto Desk Gain LTD and look for other reputable and regulated brokers that offer cryptocurrency trading.
What to Do If You’ve Lost Money with Crypto Desk Gain LTD?
If you have been scammed by Crypto Desk Gain LTD or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.