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Caution Investors Cryptosmartinvestment.com – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee
Overview of Cryptosmartinvestment.com
Cryptosmartinvestment.com is a website that claims to provide smart and secure investment opportunities in the cryptocurrency market. The website states that it has a team of experts who can help investors to trade and manage their portfolios of various digital assets, such as Bitcoin, Ethereum, Litecoin, Ripple, and more. The website also claims to offer educational resources, market analysis, trading signals, and customer support to its clients.
Regulation and Compliance of Cryptosmartinvestment.com
However, the Australian Securities and Investments Commission (ASIC) has issued a warning regarding the registration, issuance, offer or sale of securities or derivatives, and reporting requirements of cryptosmartinvestment.com. According to ASIC, cryptosmartinvestment.com is not registered or licensed to provide financial services in Australia, and it may be involved in a scam. ASIC advises investors to avoid dealing with this website and to report any suspicious activity to them.
Customer Reviews of Cryptosmartinvestment.com
A quick search on the internet reveals that many customers have complained about cryptosmartinvestment.com. Some of the common complaints are:
– The website is not secure and does not have a valid SSL certificate.
– The website does not provide any information about its owners, operators, or legal status.
– The website does not disclose any fees, commissions, or charges that it may apply to its clients.
– The website does not allow its clients to withdraw their funds or close their accounts.
– The website uses aggressive and misleading marketing tactics to lure unsuspecting investors.
– The website does not respond to customer queries or complaints.
Products and Services Offered By Cryptosmartinvestment.com
According to its website, cryptosmartinvestment.com offers the following products and services to its clients:
– A web-based trading platform that allows investors to trade various cryptocurrencies with leverage up to 1:1000.
– A mobile app that enables investors to access their accounts and trade on the go.
– A personal account manager who can guide investors through the trading process and provide them with tips and advice.
– A variety of educational resources, such as webinars, e-books, videos, articles, and tutorials on cryptocurrency trading.
– A market analysis section that provides investors with daily news, updates, trends, and signals on the cryptocurrency market.
– A customer support team that is available 24/7 via phone, email, live chat, or social media.
Location of Cryptosmartinvestment.com
The website of cryptosmartinvestment.com does not provide any information about its location or address. However, according to some online sources, the website is operated by a company called Smart Investment Group Ltd., which is registered in St. Vincent and the Grenadines. This is a known offshore jurisdiction that has lax regulations and oversight for financial services providers. Therefore, investors should be wary of dealing with this website as they may not have any legal recourse or protection in case of any dispute or fraud.
Customer Service Provided By Cryptosmartinvestment.com
The website of cryptosmartinvestment.com claims to have a customer service team that is available 24/7 via phone, email, live chat, or social media. However, many customers have reported that they have not received any response or assistance from the website when they tried to contact them. Some customers have also claimed that they have been harassed or threatened by the website’s representatives when they asked for their money back or tried to close their accounts.
Defensive Measures Against Fraudulent Brokers
Cryptocurrency trading is a risky and volatile activity that requires careful research and due diligence before investing. Investors should be aware of the potential scams and frauds that may occur in this market and take some defensive measures to protect themselves. Some of these measures are:
– Check the registration and license status of any website or broker that offers cryptocurrency trading services. Investors can use ASIC’s MoneySmart website or other reputable sources to verify this information.
– Avoid dealing with websites or brokers that are based in offshore jurisdictions that have weak regulations and oversight for financial services providers.
– Read the terms and conditions, fees, commissions, charges, risks, and disclosures of any website or broker before signing up or depositing any money.
– Use secure and reputable payment methods when transferring funds to or from any website or broker. Avoid using anonymous or untraceable methods such as wire transfers, cryptocurrencies, gift cards, or prepaid cards.
– Keep track of your transactions and balances on any website or broker. Request regular statements and reports from them and verify their accuracy.
– Be cautious of any website or broker that promises unrealistic returns, guarantees profits, or offers free bonuses or incentives to invest with them.
– Be wary of any website or broker that uses aggressive or misleading marketing tactics, such as cold calls, emails, texts, or social media messages, to solicit your business.
– Be alert to any signs of fraud or scam, such as difficulty in withdrawing funds, closing accounts, contacting customer service, or receiving unsolicited offers or requests for personal or financial information.
– Report any suspicious activity or fraud to ASIC or other relevant authorities as soon as possible.
Cryptosmartinvestment.com is a website that claims to offer smart and secure investment opportunities in the cryptocurrency market. However, ASIC has issued a warning regarding the registration, issuance, offer or sale of securities or derivatives, and reporting requirements of this website. The website may be involved in a scam and investors should avoid dealing with it. Investors should also take some defensive measures to protect themselves from fraudulent brokers and scams in the cryptocurrency market.