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Table of Contents
Auto Crypto Trading Solutions (autocryptotradingsolutions.com)
Conclusion
Add a vague deposit policy and a lackluster trading platform and you can see that Auto Crypto Trading Solutions is a far cry from a good brokerage for any trader looking to make a profit.
Broker Rating
0.1
Auto Crypto Trading Solutions (autocryptotradingsolutions.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! Auto Crypto Trading Solutions scam works by getting you to believe you can become rich by trading with them.
Auto Crypto Trading Solutions Review
A simple search on Google will give you a long list of online brokers that are promoting their trading services. It is bound to result in confusion because each company you check out seems to have it all. Since it is not possible for you to open an account with each of them, it is obvious that you need to pick one.
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But, how can you do that? Should you just pick any broker? There was a time some people may have done that, but with scammers looking for potential victims, you need to be vigilant. This is where you will see the need for this Auto Crypto Trading Solutions review because it can help you understand how to identify a good broker.
Most of the brokerages you will find have similar websites, which is not surprising, given that they do offer similar services. The problem is that even scam and fraudulent companies have well-designed websites, so if you were to make your decision based on those alone, you would not be able to stay safe and there are no guarantees that you will find a good broker. Rather than relying on websites only, you have to do some research and this is where reviews come in.
What better way to find out about any company or service over the internet than through reviews? It gives you the opportunity to know if there are any shortcomings and what you can expect when you opt for that particular company.
The same is true in the case of online brokers and reviews can help you sort through the horde of options to find a good one for your trading needs. This is precisely what you can accomplish in the case of Auto Crypto Trading Solutions that has been presented as one of the biggest CFD trading brands around the world.
You will be impressed to learn that Auto Crypto Trading Solutions promises to deliver a reliable, trustworthy and technologically advanced trading environment to its clients. The UK-based brokerage also promises excellent customer service, making it seem like a good choice for everyone. But, is this truly the case? Let’s find out.
Licensing and regulation
A major quality of a good brokerage is that they will always be licensed and regulated. They understand that obtaining a license is a must for operating in a jurisdiction and they go through the process, regardless of how complex and time consuming it may be, to get the license in order to build their credibility.
Since they do not have anything to hide, they are ready to meet any requirements and have no issues in complying with laws and regulations.
Obviously, a scam brokerage cannot do the same because their aim is to exploit people and swindle them, which they cannot do if their activities are being monitored. Which category does Auto Crypto Trading Solutions belong to?
When you go through their website, you discover that Auto Crypto Trading Solutions is based in the United Kingdom, as it has shared an office address that puts it in the country. But, it is strange to see that there is no mention of regulation or license anywhere on the website.
It appears that Auto Crypto Trading Solutions has deliberately avoided mentioning anything about licensing and regulation and this is probably because it does not have one. The Financial Conduct Authority (FCA) is the regulatory body of the UK and no brokerage can operate there without its authorization.
But, its online database does not have Auto Crypto Trading Solutions listed, which means the company is doing exactly that. If it does really have an office in the UK, it is an illegal one, which is not something a good broker would ever do.
Moreover, you will soon realize that Auto Crypto Trading Solutions cannot really be based and regulated in the United Kingdom because it breaks the regulatory framework of the FCA several times. Those details are mentioned later.
Terms and Conditions
The Terms and Conditions are aimed at establishing your relationship with the brokerage, so going over them is always a good idea because they can tell you what you can expect. It is good to do the same with Auto Crypto Trading Solutions because you will uncover the bonus policy of the brokerage.
The first thing you should note is that the offer of trading bonuses itself is not a good sign. This practice is frowned upon in the trading world and has been banned in some countries, including the UK.
Indeed, the FCA does not allow brokers to offer trading bonuses, which confirms that Auto Crypto Trading Solutions cannot be permitted to operate in the UK because it is offering bonuses.
Furthermore, these bonuses were actually banned because they were used for taking advantage of people, which is what Auto Crypto Trading Solutions seems to be doing. The Terms and Conditions outline the bonus policy of the brokerage, which outlines that traders will have to fulfill a turnover requirement to make withdrawals from their account after it has been credited with a bonus.
No legitimate broker should ever stop you from withdrawing your funds and the turnover requirement that Auto Crypto Trading Solutions has outlined is outrageous and impractical. You cannot possibly achieve that turnover, which means no withdrawals and Auto Crypto Trading Solutions keeps your money.
Trading conditions
The leverage ratios that are offered at Auto Crypto Trading Solutions are yet another example why the brokerage cannot possibly be operating in the UK because the FCA have limited leverage levels that can be offered to retail traders. Brokers cannot offer leverage higher than 1:30, yet you will find that Auto Crypto Trading Solutions has leverage of 1:100 available.
Such ratios are considered extremely risky and no genuine broker would offer them to its clients unless it is authorized to do so. As far as spreads are concerned, here as well you will find that Auto Crypto Trading Solutions is lacking because they start at 1.5 pips. Competitive brokers offer spreads starting at 0.5 pips, or even lower, which means the spreads at Auto Crypto Trading Solutions are not exactly favorable.
Ending Thoughts
Add a vague deposit policy and a lackluster trading platform and you can see that Auto Crypto Trading Solutions is a far cry from a good brokerage for any trader looking to make a profit.
