The United Kingdom’s Financial Conduct Authority has issued a warning against Crypto M Futures in October 2023
If you are looking for a reliable and trustworthy broker to trade crypto futures, you might have come across Crypto M Futures. This platform claims to offer low fees, high leverage, and advanced trading tools for both beginners and experts. But is Crypto M Futures a legit broker or a scam? In this review, we will examine the features, pros, and cons of Crypto M Futures and help you decide if it is worth your time and money.
What is Crypto M Futures?
Crypto M Futures is a crypto futures trading platform that was launched in 2020. It is operated by Crypto M Limited, a company registered in St. Vincent and the Grenadines. Crypto M Futures allows users to trade various crypto futures contracts, such as Bitcoin, Ethereum, Litecoin, Ripple, and more. Users can also trade perpetual contracts, which are futures contracts that have no expiry date and can be held indefinitely.
Crypto M Futures claims to offer competitive advantages over other brokers, such as:
- Low fees: Crypto M Futures charges a 0.05% maker fee and a 0.075% taker fee for each trade. It also offers a tiered fee structure that rewards users with lower fees based on their trading volume.
- High leverage: Crypto M Futures offers up to 100x leverage for crypto futures trading, which means users can amplify their profits or losses by borrowing funds from the platform.
- Advanced trading tools: Crypto M Futures provides users with various tools to enhance their trading experience, such as market data, charts, indicators, order types, risk management features, and more.
- Security: Crypto M Futures claims to use the highest standards of security to protect user funds and data. It uses cold storage wallets, encryption, multi-signature technology, and anti-DDoS protection.
- Customer support: Crypto M Futures offers 24/7 customer support via email, live chat, and phone.
Is Crypto M Futures legit or scam?
Crypto M Futures is a relatively new platform that has not been tested by time or regulation. Therefore, it is hard to determine its legitimacy or credibility. However, based on our research, we have found some red flags that suggest Crypto M Futures might not be a safe or reliable broker.
Some of these red flags are:
- Lack of regulation: Crypto M Futures is not regulated by any reputable authority or jurisdiction. This means it does not have to comply with any rules or standards that protect user rights and interests. Users have no recourse or guarantee in case of disputes, frauds, or hacks.
- Lack of transparency: Crypto M Futures does not provide much information about its background, team, or owners. It also does not disclose its liquidity providers, auditors, or partners. This makes it hard to verify its legitimacy or reputation.
- Negative reviews: Crypto M Futures has received many negative reviews and complaints from users online. Some of the common issues reported by users are:
- Difficulty in withdrawing funds
- Manipulation of prices and spreads
- Poor customer service
- Account suspension or termination without explanation
Conclusion
Crypto M Futures is a crypto futures trading platform that offers low fees, high leverage, and advanced trading tools. However, it also has many red flags that indicate it might be a scam or a risky broker. Therefore, we do not recommend using Crypto M Futures for your crypto futures trading needs. Instead, we suggest you look for a more reputable and regulated broker that can provide you with a secure and fair trading environment.
What to Do If You’ve Lost Money with Crypto M Futures?
If you have been scammed by Crypto M Futures 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.
