CryptGates: customer reviews about the company’s performance in 2023
Review of the CryptGates Platform: What to Look For
CryptGates positions itself as a well-known broker specializing in trading binary options. It is believed to have started operating in 2012 and is suitable for traders of any skill level. However, opinions about the company vary. In this review, we will examine all aspects of this financial intermediary’s operations.
Key Data About CryptGates
Although CryptGates claims to have been in the market for a long time, reviews about this firm have only recently started to appear. This situation could be due to either an expansion of the intermediary’s activities or its novelty. The website cryptgates.com started operating in April 2023, so it is premature to speak about its stability. Initial reviews confirm the company’s fruitful advertising activities aimed at deceiving investors.
Only an email address is available for contact, with other communication options unavailable. Clients often find that the support service stops responding to queries when problems arise.
The company’s internal documents have established strict rules for traders. CryptGates reserves the right to unilaterally terminate agreements, as well as to suspend services and cancel transactions. Financial responsibility lies entirely with the client, as the intermediary does not bear responsibility for damages.
Legitimacy of CryptGates’ Operations
The company claims to have been founded by experienced financiers, who are keen on helping clients increase their capital. Information about the company registered in Saint Vincent and the Grenadines is posted on the website. The legal address and certificate number (IBC 2015) are mentioned. Reviews indicate that many trusted the information provided by the company and ended up without any protection.
It is important to note that in this island nation, there is no control over financial brokers or issuance of licenses to them. The official website of the local regulator states this.
The Saint Vincent and the Grenadines regulator only registers the company and adds it to the legal entity registry. However, we did not find any information about CryptGates here:
In Russian, CryptGates also does not operate legally. The company has not obtained a license from the Central Bank of the Russian Federation and other supervisory authorities of the CIS countries. According to reviews and assessments from independent experts, the likelihood of this company being approved by regulators is extremely low.
Earning Opportunities
CryptGates does not provide detailed tariff plans. It is known that an option closes in 60 seconds. The following features of cooperation are worth noting:
- Availability of a demo account for safe training (provides 1,000 virtual dollars),
- Rewards program (bonus must be traded 30 times),
- Variety of funding and withdrawal methods (bank transfers, cards, EPS),
- 10% commission for fund withdrawals,
- Mandatory account verification.
User Reviews
CryptGates has already accumulated negative reviews from clients, even though it recently started advertising. Users note that the company initially promises good conditions, but then avoids paying out even the initial deposit.
What is your opinion on CryptGates? Share your review of this broker and tell us about your personal experience with it.
Operating Features
CryptGates promises qualified support to traders. However, in practice, it all boils down to providing low-quality advice. Proving that the deposit leakage occurred as a result of CryptGates’ staff recommendations is difficult. The company does not comply with terms and conditions and does not pay out profits. When requesting fund withdrawals, the user account is blocked.
Conclusions
We recommend refraining from investing funds in CryptGates, as it is a fraudulent structure operating outside the law and not fulfilling its obligations. It targets inexperienced traders who are unaware of all the intricacies of working in financial markets. Therefore, it is better to look for a more reliable broker that honestly fulfills its duties rather than just making promises.