With the rise of digital currencies, many people have started trading online. However, not all trading platforms are created equal. Some may be fraudulent and can potentially harm your investments. One such platform that has raised concerns is Creepcoin.com. In this article, we will take a closer look at this platform, its services, and why it has been flagged as a scam.
Company Overview
Creepcoin.com is an online trading platform that claims to offer its clients access to a range of investment opportunities, including cryptocurrencies, forex, and commodities. The company is based in Bulgaria and has a contact address in Switzerland.
Team
The platform claims to have a team of experienced professionals with a background in finance, trading, and technology. However, there is no information available about the team members on the platform’s website.
Services or Products
Creepcoin.com offers a range of services to its clients, including trading in cryptocurrencies, forex, commodities, and indices. The platform claims to offer its clients access to a range of trading tools, including technical analysis, fundamental analysis, and trading signals.
Trading Platforms
The platform offers clients access to the MetaTrader 4 (MT4) trading platform, which is a popular platform used by many brokers in the industry. But, the problem is, you cannot find any demo account to try their features. It is a must to check the platform before trying any trader.
License and Regulations
License Status
Creepcoin.com is not licensed by any reputable financial regulatory authority. We thoroughly searched their website and contact section. But no license information was found.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Regulation Status
Creepcoin.com is not regulated by any reputable financial regulatory authority. We tried with FCA, FINMA, FNMA, CONSOB, etc. to find out the regulation confirmation. Unfortunately, we did not find a single confirmation.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they are not bound by any regulatory authority. This means that they are not held accountable for their actions and can potentially engage in fraudulent activities without fear of repercussions. Furthermore, clients of unlicensed brokers have no legal recourse in the event of a dispute.
Legal Warnings Against Creepcoin.com
Several financial regulatory authorities have issued warnings against Creepcoin.com. The Financial Conduct Authority (FCA) in the UK has issued a warning stating that the platform is not authorized to provide investment services in the UK. The Belgian Financial Services and Markets Authority (FSMA) has also issued a warning against the platform, stating that it is operating illegally in Belgium.
Client Feedback About Creepcoin.com
About Trading
Its previous traders are not happy with their trading method. They reported the withdrawal issue and forcing to invest more. Also, they did not provide the profit they promised.
About Customer Service
Good customer service is essential for any trading platform. However, several clients have reported poor customer service from Creepcoin.com, including unresponsiveness and lack of communication.
How Can Reviewsadvice Help You If You Get Scammed?
Reviewsadvice is a platform that provides information and resources to help clients who have been scammed by fraudulent trading platforms. When you submit your case to us, we will evaluate that case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
Final Thought
Creepcoin.com is a trading platform that has raised concerns due to its lack of licensing and regulatory oversight. It is important to conduct thorough research and due diligence before investing in any platform to avoid falling victim to fraudulent activities. If you have already fallen victim to a scam, it is important to report it to the relevant authorities and seek professional help to recover your lost funds.
It is crucial to only deal with licensed and regulated brokers to ensure that your investments are protected. Reputable brokers are subject to strict regulations and are required to follow ethical business practices to protect their client’s interests. Therefore, it is important to check a broker’s licensing and regulatory status before opening an account with them.
