MainCrypto: reviews and expert overview of activities
MainCrypto: real reviews and activity analysis
Many brokers today offer the opportunity to trade cryptocurrency. MainCrypto also seeks to attract clients, promising favorable conditions for trading digital assets and traditional instruments. All available information about this broker so far leaves much to be desired, so we have carefully analyzed all the information available and are ready to share the results with you.
What is known about MainCrypto?
The source of information about the broker is its official website, designed as a single page with Russian content. The lack of other localizations indicates that MainCrypto is aimed at the domestic market. The website has flaws in layout, low-quality images, grammatical errors, which is a serious drawback for resources of trusted financial organizations.
According to the information provided in the Client Agreement, MainCrypto is registered in Saint Vincent and the Grenadines, with a registration number provided. However, a check in the registry of the local financial services authority did not confirm the registration of an organization with this name. It was also found that the contact details for mail and Skype of MainCrypto match the details of the fraudulent organization FirstTrade Corp, which had previously used deceptive schemes and received many negative reviews.
Regulation of MainCrypto’s activities
Obviously, a non-existent company cannot have a license. The Central Bank of Russia has never issued permissions to this organization, indicating its unreliability. For traders, this means that the broker bears little or no responsibility towards clients, its activities are not regulated, and contributions to the deposit insurance fund are not made.
MainCrypto’s attractive conditions
The broker presents its trading conditions in a limited manner. MainCrypto offers the use of WebTrader for online trading and UTIP for mobile trading. There are four types of accounts, one of which is exclusively for cryptocurrencies. The minimum deposit size ranges from 500 to 1000 dollars. The maximum leverage supported is 1:500 for a Micro account. More detailed information about the conditions is not provided, which may depend on each client’s financial ability.
Public opinion about MainCrypto
MainCrypto has not yet gained popularity, likely due to the lack of a marketing campaign. There are almost no reviews about working with this broker. However, it is important to remain vigilant and avoid interacting with representatives of MainCrypto, considering the information provided.
Risks of losing funds in MainCrypto
MainCrypto provides favorable conditions for deceiving less experienced traders. Various methods may be used for this, such as blocking an account after depositing funds, distorting transaction results, and requesting personal data for fraudulent purposes.
MainCrypto scammers actively seek their victims on social networks and try to lure them in by offering dubious investment opportunities. It is important to remain vigilant and not engage with suspicious individuals offering trading on this platform.
Conclusion: reliability of MainCrypto
Having analyzed the information about MainCrypto, it can be concluded that this is a suspicious company prone to fraud. MainCrypto, formerly FirstTrade, was created to deceive clients and does not have real existence. The company lacks registration, license, and even authentic contact details. To avoid falling into the trap of scammers, it is necessary to avoid any contact with representatives of MainCrypto and similar organizations.