Have you heard of Cryptonator.com? Do you want to know if it is a scam or legit crypyo trading platform? Read this review to find out more about it.
What is Cryptonator.com
Cryptonator is a cryptocurrency exchange platform that claims to be a ECN/STP broker. They also claim that you can Enjoy low cost trading with spreads from 0.0 pips and commission from $1.50 per lot.
Cryptonator.com And How It Works
According to the website, It claims that that Your trade is executed instantly through its wide range of liquidity providers streaming real-time prices and all you have to do is apply for a free VPS (see Terms & Conditions) for enhanced trading flexibility and speed.
However this is a scam, it has fake people on their website posting amounts of money they have withdrawn. After investing when it is time to withdraw you are asked to pay for tax, then later they block the funds you have deposited, and they ask you to pay a strange fee to unlock the funds. After paying the tax, the funds continue to be blocked for other excuses that are made up, in essence you can not withdraw your money. . This screams SCAM!.
The people behind these scams simply keep on launching new “systems” and “apps” under new names like , Usdtbinace, Usdttuut, etc in an attempt to escape the negative reviews so that they can continue tricking people into joining.
An aggrieved investor had this to say
They are not regulated
Adds exorbitant fees that are not outlined to receive your withdrawals
Does not let you withdraw any earnings from your account
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From the foregoing, it is clear that Cryptonatoris a scam just like Dotxbep which we reviewed earlier, Investors should be wary of such sites as their aims are to rip off unsuspecting investors.