Review on Cryptotrade230

CryptoTrade230.com (also written CryptoTrade Investment / CryptoTrade LTD), claims to be a Forex / Crypto / CFDs trading + investment platform. According to its site:

• It offers very high profits, sometimes extremely high ROI (return on investment) plans: e.g. “Basic”, “Silver”, “Premium”, “Exclusive” plans, with minimum deposits from $3,000 up to $100,000 and above. 

• It says users can trade forex and cryptocurrencies, invest in new ICOs, and use financial leverage. 

• They claim to be “CryptoTrade LTD” with company number #11445991, and have addresses in Canada (1 Front St W, Toronto, ON) and in USA (101 West Broadway, San Diego, CA).

• They offer customer support via email, WhatsApp, and provide “guaranteed withdrawal processing within 1 hour.” 

• They say they are legally incorporated, have EV-SSL for encryption, privacy policies, etc. 

On many pages they give promises like “you will not lose your funds, but you can only gain.” 

They position themselves as an investment platform rather than purely a broker; some of their plans are more like “investment packages” with fixed returns. 

But crucially, independent sources and risk‐assessment services identify serious concerns:

• According to WikiFX, the site is unregulated, which means users do not have the protections that a regulated broker would provide. 

• WikiFX gives a “low score” and flags it as having “no valid regulatory information, please be aware of the risk!” 

So in short: on the surface the site promises very high returns, claims to be legally incorporated, claims transparency and quick withdrawals; but there is little to no credible regulation, and many claims seem unrealistic or structured in ways typical of investment scams.

More Details

1. Promises Too Good to Be True

   The fundamental rule in investing is that higher returns come with higher risk. When a platform claims guaranteed returns, or that you “cannot lose”, or offers extremely high returns in short time frames with the only risk being that you don’t invest, this is a major red flag. Legitimate forex/crypto brokers never make absolute guarantees of profit (especially in volatile markets).

2. Lack of Regulation

   CryptoTrade claims to be incorporated in Canada, etc., but independent check (WikiFX) shows there is no valid financial regulatory licence. That means clients have almost no legal recourse if something goes wrong. It also means the platform is not required to maintain client funds separately, to submit to audits, or follow compliance rules. In many jurisdictions, offering forex/CFD services without regulation is illegal.

3. Unrealistic Withdrawal / Financial Statistics

   Very high “Total Withdrawn” number ( $436 million+) compared to “Total Invested” is improbable. Such numbers are often fabricated to build trust and social proof. The site’s presentation of recent deposits/withdrawals, testimonials etc., are typical of scam setups. Possibly these are fake or manipulated.

4. High Minimum Thresholds and Investment Plans

   The thresholds (e.g. $3,000 minimum for basic plan, $100,000 for exclusive, etc.) push investors to commit large sums. Scams often lure people with large “exclusive” plans – once someone has invested a lot, it becomes harder psychologically to admit or pull out.

5. Regulatory and License Claims Don’t Stack Up

   They give a company number (11445991) and say “CryptoTrade LTD” but there is no proof that this entity is properly licensed as a financial services company in Canada (or elsewhere). Companies can be incorporated without being regulated as brokers, but in that case making claims about trading/forex/CFDs requires relevant licenses. The site is vague on which regulatory body they belong to. The claim “Check it on Companies House” (in FAQ) is suspicious; that is UK registry, not Canada. Misuse of names of registrars/regulators is common in scams.

6. Risk Warnings by Third-Party Sites

   WikiFX (and possibly others) have flagged the site as high risk. These sites collect data on brokers, regulatory status, and user feedback. For such sites to score low / unregulated is strong evidence of risk.

7. Impossible Guarantees & Legal Mismatches

   They say “you will not lose funds”, which is impossible to guarantee in trading. They also promise “guaranteed withdrawals in 1 hour” which in practice is unusual—even regulated brokers have processing times, AML checks, etc. These claims are likely used to lure in users before reality sets in.

8. Potential Misuse of Social Proof & Testimonials

   The site shows users who’ve made large sums; these kinds of “latest depositor” / “latest withdrawal” lists are common in investment scams. Unless there are verified sources (blockchain transactions, independent reviews), these are suspect.

9. Domain Info & WHOIS

   The domain is registered in 2020, which gives some appearance of longevity, but registration and expiration dates alone don't guarantee legitimacy. Also domain privacy, transfer locks, etc., are used both by legitimate firms and scammers. In this case, domain status locked (“clientTransferProhibited”) doesn’t reduce risk much.

10. Conclusion: Very High Likelihood of Scam

    Given all of the above: unrealistic profit guarantees; lack of regulation; very high minimum deposits; risk warnings from independent watchdogs; likely fabricated statistics and testimonials — the evidence strongly points to CryptoTrade230 being a scam operation.

    It may initially pay small withdrawals to build trust, or show growth, but ultimately either block withdrawals, demand more fees, or collapse under its unsustainable promises.