de | cn | ru

Global Crypto App Review - Is it scam or safe?

Global Crypto App Review - is globalcryptoapp.com scam or good crypto robot?

RATING: 1 / 1 REVIEWS ForexBrokerz Global Crypto App
Beware! Global Crypto App is most probably a scam!

RECOMMENDED SOLUTIONS


 

General information

 

The boom of Bitcoin and digital assets in general changed financial markets — for good or bad. Undoubtedly, it brought in the game a lot of con-artists trying to rip-off crypto enthusiasts in every possible way, and some of the most popular ones are the “crypto robots”, such as the Global Crypto App.

 

In this review, we will analyze the information available for this crypto bot, so that investors could decide for themselves whether this is really a functioning multi-asset auto trading system or just another crappy scam.

 

All crypto robot websites offer some software or app that allows you to trade Bitcoin and other digital assets without any prior knowledge. In most cases these websites are not very informative, and feature nothing more than a trailer-video, promising sky-rocketing returns in several easy steps. The people behind the Global Crypto App, however, have not even bothered to make such a video.

 

Instead, the robot’s website features an image that is supposed to be a screenshot of their “most advanced social trading platform”, and some customer reviews boasting about big profits earned over short periods of time. These testimonials, however, don’t even feature the names of the people that have supposedly written them. So, basically everything about Global Crypto App appears to be fake.

 

Any verified track record?

 

Like most other crypto trading robots, the Global Crypto App has not provided any clarification on the algorithm of the system, nor any sort of guarantee that their software actually works. They only mention that the software is equipped with a “high-end multi component algorithm”, and has up to 95% win rate. However, there is no proven  historical track record of its performance, as is the standard practice with legit social trading platforms like eToro or ZuluTrade.  

 

Regulation and security of funds

 

Global Crypto App (operating via the websites globalcryptoapp.co and globalcryptoapp.com) says to be operated by Global Crypto App Group Ltd., but its website fails to provide essential information such as the company’s headquarters, background, etc. There is no contact address, nor even a phone number.

 

As we googled the company, we found nothing about it, so we are not sure Global Crypto App Group Ltd. really exists. Even if it does, it is not regulated, as all financial services providers should.

 

Partnering brokers

 

Just like other crypto robots, Global Crypto App works with some partnering brokers These are TradeLTD, Globalix, Investous and 24option.com. When signing up on the website, users have to select among 4 forex brokers, and are later redirected to their sites.

 

 

TradeLTD and Globalix are unregulated brokers, blacklisted by Italian and Spanish financial authorities, respectively. Furthermore, judging by the user comments on our reviews both of them appear to be fraudsters.

 

So, there is a high likelihood that Global Crypto App is actually only a website that tricks traders into signing up with these scam brokers. These brokers in return pay a commission on every deposit. In other words, it is probable that Global Crypto App does not offer any platform, but simply acts as an affiliate.

 

What we find strange is that two of Global Crypto App’s brokers are actually regulated - Investous and former binary options provider 24option.com are both licensed by the Cyprus Securities and Exchange Commission (CySEC).

 

Bottom line

 

Although Global Crypto App has allegedly partnered with several regulated brokers, it still appears to be one of the many crypto robot scam websites that have invaded financial markets lately. It promises 95% win rate in trading cryptocurrencies, as well as more traditional instruments like forex. However, payouts that high are too good to be true, and besides, Global Crypto App fails to provide any verified track record.

 

As usual, we would advise our readers to direct themselves to more reliable trading partners. For your convenience, we have drawn up a list of licensed and reliable forex brokers that offer trading in Bitcoin and other altcoins in the form of CFDs.

 

 


>> Regulated forex brokers offering Bitcoin CFDs <<

 

Latest news about Global Crypto App
No news about Global Crypto App. Check back later.
Forex
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Global Crypto App

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru