InterCryptos is another forex broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features intercryptos.net allegedly offers. This review basically answer the questions: is InterCryptos legit? Is InterCryptos reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about InterCryptos.
Table of Contents
InterCryptos Trading Platform
This broker claims to be owned by UK based company and is also licensed by the FCA in UK. InterCryptos claims that it is a financial management firm that deals with crypto assets, serving over 60 000 clients with the help of 5000 dedicated, professional brokers.
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All these claims are a lie, this broker is doing something known as cloning websites to pass off as a legitimate broker
Inter Cryptos Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types
InterCryptos Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
InterCryptos accepts deposits with wire transfer, as well as credit cards and debit cards.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is InterCryptos Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
As metioned earlier this website is a cloned one, it claims that is owned and operated by a UK based company called InterCrypos LTD. When checking the registry of the Financial Conduct Authority in UK with the reference number provided, we found out that the number which exists belongs to UPHOLD EUROPE LIMITED, a legitimate broker. The people behind this website have done this so as to fool people into thinking they are one and the same.
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
Check out review of another unlicensed broker, SwissMarketIndex
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Conclusion
We wouldn’t recommend using the services of this clones website, we are not impressed with the vague and copied information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with intercryptos.net as they don’t give any valid information concerning if they are a regulated broker.
Intercryptos.net is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
we have invested money to intercryptos and have tried to make a withdrawal without success. can you help