Caution Investors Cryptosmartinvestment.com – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee
Introduction To cryptosmartinvestment.com:
Cryptosmartinvestment.com is a website that claims to be a leading platform for crypto trading. According to their website, they offer the following services:
– Access to over 1000 crypto assets and tokens
– Professional trading tools and indicators
– Educational resources and webinars
– Dedicated account managers and customer support
– Secure and regulated environment
The website also boasts of having over 10 years of experience in the financial industry, and a team of experts who can help you achieve your investment goals.
Regulation and Compliance Of cryptosmartinvestment.com:
However, before you sign up with cryptosmartinvestment.com, you need to be aware of the legal and regulatory implications of crypto trading. In Australia, the Australian Securities and Investments Commission (ASIC) is the regulator responsible for overseeing the financial markets, including crypto assets. ASIC has issued several warnings and guidance regarding cryptosmartinvestment.com entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee
According to ASIC, crypto assets are not legal tender in Australia, and they are not subject to the same consumer protections as fiat currency. Moreover, crypto assets are highly volatile and speculative, and they pose significant risks of loss, theft, hacking, fraud and scams. Therefore, ASIC advises investors to exercise caution and do their due diligence before engaging in any crypto-related transactions.
Furthermore, ASIC requires that any person or entity that engages in the registration, issuance, offer or sale of securities or derivatives related to crypto assets must comply with the relevant laws and regulations, such as the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. These laws and regulations impose various obligations and responsibilities on the issuers, intermediaries and participants of such transactions, such as:
– Obtaining an Australian financial services (AFS) licence or an exemption from ASIC
– Providing adequate disclosure and information to investors
– Ensuring fair and transparent pricing and trading practices
– Maintaining adequate records and reporting systems
– Implementing appropriate risk management and compliance measures
– Cooperating with ASIC and other regulators
Customer Support Offered by cryptosmartinvestment.com:
One of the claims that cryptosmartinvestment.com makes on their website is that they offer dedicated account managers and customer support to their clients. However, this claim is not verified by any independent sources or reviews. In fact, there are several complaints and negative feedback from users who have tried to contact cryptosmartinvestment.com for assistance or queries.
Some of the common issues that users have reported are:
– Lack of response or delayed response from customer support
– Unprofessional or rude attitude from customer support agents
– Inability or refusal to resolve issues or disputes
– Difficulty or impossibility to withdraw funds or close accounts
– Pressure or harassment to deposit more money or upgrade accounts
These issues indicate that cryptosmartinvestment.com does not provide adequate or reliable customer support to their clients, and that they may be operating in an unethical or fraudulent manner.
Customer Reviews Of cryptosmartinvestment.com:
Another way to assess the credibility and reputation of cryptosmartinvestment.com is to look at the customer reviews and testimonials that are available online. However, this is not an easy task, as there are very few genuine and unbiased reviews of cryptosmartinvestment.com on the internet. Most of the reviews that are found on their website or on social media platforms are either fake or paid for by the website itself.
The few authentic reviews that are found on independent websites or forums are mostly negative and critical of cryptosmartinvestment.com. Some of the common complaints and allegations that users have made against cryptosmartinvestment.com are:
– Cryptosmartinvestment.com is a scam or a Ponzi scheme that does not pay out profits or returns
– Cryptosmartinvestment.com uses fake or manipulated trading results and testimonials to lure unsuspecting investors
– Cryptosmartinvestment.com charges hidden fees or commissions that are not disclosed upfront
– Cryptosmartinvestment.com uses aggressive or deceptive marketing tactics to solicit new clients
– Cryptosmartinvestment.com does not comply with the ASIC regulations or other legal requirements
These reviews suggest that cryptosmartinvestment.com is not a trustworthy or reputable website for crypto trading, and that they may be involved in illegal or fraudulent activities.
Measures to Avoid Fraud Brokerages:
Given the high risks and uncertainties associated with crypto trading, and the prevalence of fraud and scams in this sector, it is essential that investors take precautionary measures to avoid falling victim to fraud brokerages like cryptosmartinvestment.com. Some of the steps that investors can take are:
– Do your research and due diligence before investing in any crypto-related transactions. Check the background, reputation, registration, licence, and compliance status of the website or platform that you are using. Verify the information and claims that they make on their website or in their advertisements. Read the terms and conditions, fees and charges, and risk disclosures carefully. Seek independent advice from a professional or an expert if you are unsure or have any doubts.
– Be wary of any offers or promises that sound too good to be true. If a website or platform claims to offer guaranteed profits, high returns, low risks, or free bonuses, it is likely to be a scam or a Ponzi scheme. Remember that crypto trading is inherently risky and volatile, and there is no such thing as a risk-free or easy money in this market.
– Be cautious of any pressure or coercion to invest more money or to upgrade your account. If a website or platform tries to persuade you to deposit more funds, to increase your leverage, to switch to a different plan, or to access exclusive features or services, it may be a sign that they are trying to scam you or to trap you in their scheme. Do not let them influence your decisions or manipulate your emotions. Always stick to your budget and your risk appetite.
– Be vigilant of any issues or problems that arise during your trading experience. If you encounter any difficulties or delays in accessing your account, executing your trades, withdrawing your funds, or contacting customer support, it may be an indication that something is wrong with the website or platform. Do not ignore these warning signs or hope that they will resolve themselves. Take action immediately and report the issue to the relevant authorities.
Conclusion:
Cryptosmartinvestment.com is a website that claims to offer expert advice and guidance on crypto trading. However, there are many reasons to doubt the legitimacy and reliability of this website. Cryptosmartinvestment.com does not comply with the ASIC regulations or other legal requirements for crypto-related transactions. Cryptosmartinvestment.com does not provide adequate or reliable customer support to their clients. Cryptosmartinvestment.com has received numerous complaints and negative reviews from users who have been scammed or cheated by them.
Therefore, we do not recommend cryptosmartinvestment.com as a suitable platform for crypto trading. Instead, we advise investors to exercise caution and do their research before engaging in any crypto-related transactions. We also suggest investors to follow the tips and measures that we have provided above to avoid fraud brokerages and protect their money.
