I am a victim of Cryptoarb.io broker Cryptoard.io

By Yvette Edghill, from Barbados, May 16, 2020 at 02:14 PM

When I went to withdraw funds from my trading account with Cryptoarb.io. The account manager took a trade to burn my whole account. Even thou I told him not to trade on the account until I received my withdrawal. Can you advise me what to do from here or can you recommend who I need to contact to get my money back. I have all my info to produce on your request to confirm my complaint above. Hope you can help me recover my funds.

Answer: Hi Yvette Edghill,

Cryptoarb.io claims to be located in London, UK. However, we couldn’t find any information about its regulation with the UK’s Financial Conduct Authority. Moreover, the terms and conditions from the website state the broker is actually registered offshore, in the St Vincent and the Grenadines. St Vincent & Grenadines doesn’t have the regulation of Forex activity under its jurisdiction. You can read our detailed article on why brokers from St Vincent & Grenadines should be avoided.

In your case we would recommend you to report this issue to the  local police and financial authorities of the country. You can also try withdrawing smaller amounts of money from your trading account.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code