CryptoAllDay is an offshore crypto broker whose origin is unknown. There are many speculations about its origin; some say from London, and some of them agree on Seychelles. Whatever may be the origin CryptoAllday is not a regulated broker. We certainly do not know the exact trading conditions of this broker because it refuses to share this information on its official website. Read the full Crypto All Day review here. In this CryptoAllDay review, we will shed lights on the characteristics of this broker and bring out the real picture to our readers. It is highly recommended to read it thoroughly to save your investments.
As we have discussed in the overview above, the origin, owner, and operational place of CryptoAllDay is anonymous. The trading assets provided by this broker are only cryptos as the name indicates. The provided exchange pairs are Bitcoin, Ripple, Ethereum, Bitcoin Cash so on and so forth. The problem here is that the broker is not providing traders eWallet to store crypto coins. Instead, it gives CFDs for cryptos. The payment method at CryptoAllDay includes all cards, bank wire transfer and other online gateways. It also has a facility to make payment via crypto coins. So another problem here is the deposited coins are not transferred directly to individuals accounts but they get converted in Dollar or Euros. The CrptoAllDay promises its clients to manage their accounts on behalf of them. Here we don’t have any idea who is managing trader’s accounts. Also, the broker is not regulated under any Financial Regulatory Body. So, in case of fraud, traders don’t know to whom they should blame. In such circumstances, the recovery of investment is zero. Furthermore, our research could not find the true nature of CryptoAllDay, whether it is a forex broker or CFDs provider. In some statements, the broker mentions options trading, and in other, it claims to be a CFDs provider. So their claim is contradicting. Fortunately, we certainly know about charges applied on withdrawals though, for credit card withdrawals it charges $100. Also, The withdrawal limit fixed at $1000. Besides, it claims to provide a PAMM account. It is not true because PAMM accounts need traders credentials. Also, the cost of trading is unknown and is a major drawback.
Is CyptoAllDay scam or legit?
The broker’s origin and owner are unknown, and it is unregulated. The trading environment is not at all visible on the broker’s website. PAMM accounts provided are fake. Withdrawal conditions are insane. We can say that the investments are at risk with CryptoAllDay. It is a potential cryptocurrency scam broker.