Crypto lloyds is supposedly a broker with a physical address in Uk, Canada and Cyprus. The broker operates crypto-lloyds.com which was registered a little over a year ago and claims that their platform ‘helps smart people create their future’. This is laughable considering that the broker has been featured on the BS Securities Commission as one of the many brokers operating without a license and intending to scam innocent victims.

Crypto lloyds is the subject of many complaints from victims who have fallen prey to their sweet marketing language. The general consensus among victims is that once money goes in, it cannot come out of this broker’s platform. Our take is that if you’re among these unfortunate victims, you can get back your funds by leveraging on the expertise of people who have the resources to retrieve lost monies on the internet.

5 Reasons why Crypto lloyds is a scam broker

Their main sales pitch is about trading assets and using their ‘social trading commumity’ to make profits if you don’t have time for trading or following the markets. They’re also promising trading signals which are a welcomed idea for people who would like to get ‘free signals’. But there’s a catch and we will explain how.

Crypto lloyds is an unregulated broker

In all of the 3 jurisdictions that Crypto lloyds provides address for, we have serious financial regulators who oversee the activities of brokers. The only reason why this broker does not have a valid license is because their intentions is to scam traders. They don’t have proper documentation and in fact, we’re not so sure whether the company that runs https://crypto-lloyds.com is incorporated.

Cryptocurrency as major funding method for bigger transactions

The interesting bit is that you can get started with this broker as long as you have $250. They accept deposits in BTC if you’re going to give them more than $5000. This suggests that the broker wants to steal your funds in BTC because it gives them more sense of anonymity. Usually you can’t chargeback a Crypto transaction. It may involve authorities to track down the culprits and force them to return what they’ve stolen to the victims. This is why we ask all the victims to seek professional help if they want to file a report and cover their funds.

Bogus copy trading and signals service

The broker targets the relatively inexperienced traders who want easy money through copy trading and free signals. This advantage appeals to new traders but it’s a means to prey on the victims before stealing their funds. A broker can’t provide trading services and at the same time help you make money through signals and copy trading. They man the platform and if they can’t be the casino owner and the gambler at the same time.

Crypto-lloyds.com is a fake Contract for Difference broker

Many traders have refused to believe that CFDs brokers are a total scam just like their binary options counterparts. These brokers create their own markets with their own price feed and liquidity. This is not a transparent market because orders are not executed at the global exchanges level where traders can compete with other traders and things can be made transparent. As a result, a broker like crypto-lloyds.com will cheat you and ensure that you have lost your deposit because your loss is his profit.

Vague company details

Crypto lloyds is unable to clearly bring out the details of their company. This is intentional because scammers typically avoid getting into details while just concentrating on telling you how you’re going to be a profitable trader on their platform. They assume that people are stupid and so they have to tell the victim what resonates with the victim. Steer clear of any broker that uses vague information on their about us page.

Conclusion of the Crypto lloyds broker review

We summarize this review by describing the broker as a useless scam. They are even trick investors with excess leverage and bonuses that make no sense just to sound good and attract more deposits. Remember that such a broker will never return your deposit or emails afte they have scammed you.

If you have an experience wit Crypto lloyds, please share in the comment section and let’s share this review widely.