ALERT | Mycryptoworks.com Review: Is it Legit or a Scam

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1.5
Rated 1.5 out of 5
Scam Company
1.5 out of 5 stars (based on 2 reviews)
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MYCRYPTOWORKS.COM INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Mycryptoworks Ltd
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
4 Whitchurch Parade, Whitchurch Lane, Edgware, UNITED KINGDOM, HA8 6LR
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+13474288291 (US) +13474288137 (US)
CONTACT EMAIL:
info@mycryptoworks.com (active)
WEBSITE URL:
https://mycryptoworks.com/
WEBSITE IP:
104.21.26.232
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-05-18
HOSTING:
CloudFlare
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Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

Mycryptoworks.com Company Overview

The business was established in 2018, and since then, they have supposidly expanded to serve customers in more than 150 countries, however this information seems to be untrue. They claim to offer a comprehensive choice of trading tools and “top-tier liquidity” to the clients, all while ensuring security and liquidity, maintaining a friendly and effective trading environment for everyone – once again this claim seems to be quite questionable as well! Keep on reading this Mycryptoworks.com review to find out why.

What is Mycryptoworks.com Offering it’s Clients?

They provide four different investment plans: bronze, silver, gold, and ultimate, which range in price from $500 to $10000. All investment plans have various different benefits, but they all include 24/7 support.

Other services include weekly payments, you can set the amount of profit yourself, easy to attract investors, an automated system, and lastly a statement for each investor. Many customers have stated that all their offerings are fake and not entirely true

IS Mycryptoworks.com LEGIT OR A SCAM?

Is Mycryptoworks.com Licensed?

Mycryptoworks makes the claim that it is a trustworthy broker but withholds any information regarding its regulation. As authorized brokers always display their accreditations and licenses in a prime location, the absence of such crucial information may be a warning sign of an unlicensed broker. It raises a red flag.

Furthermore, Mycryptoworks is offering financial services or products in the UK without permission, according to a notice from the UK Financial Conduct Authority (UK FCA).

That indicates that no regulators have any control on Mycryptoworks. It is risky to allow this broker to hold or handle investors’ money, and there is no legal protection for that money. As a result, it is a scam.

Furthermore, we found that Mycryptoworks.com has similar websites. Upon further investigation, we found that their structure and offers are similar and we didn’t find any mention of affiliation between the websites. On the list, Mycryptoworks.com seems to be the youngest website which was made in early 2022. We suspect that this might be a network of unauthorized offshore brokers or the sites could be involved in a scam network.

The terms and conditions of the website are just a few lines. It doesn’t cover all the necessary legal requirements that a brokerage should have thus its unsafe for investors. Without legal assurance, investors can just be cheated out of their money. There are even no regulations in place to withdraw your money once you decide to pull out your funds.

Source: https://www.fca.org.uk/news/warnings/mycryptoworks

Mycryptoworks.com Opinions on Review Sites, Social Media, and Other Platforms

This website’s Tranco ranking is poor. In comparison to other websites from the region where this one is located, this might be regarded as low. If you believe this website ought to be very well-known, take more time to investigate the business because it seems suspicious.

Scam websites are sometimes fairly new. After a few months, they are taken off from the internet because too many customers have left bad evaluations and comments on social media. They will attempt to scam you up to that point.

We reduced the website’s review score since it uses registrar services that are likewise utilized by several websites with low to very poor review scores. Premium domain registration services have a thorough “Know your client” procedure. This makes internet scammers less appealing. Although it might just be bad luck that so many websites with low trust ratings are registered at this registrar, we decreased the website’s trust rating just to be safe.

Comparing Mycryptoworks to Well Established Companies

A regulated regulator has issued a public warning to MyCryptoworks. If you have money invested in this company, it is not safe. Don’t pay taxes or anything else if they ask since scammers will use this as an opportunity to steal additional money from you. By leading you to believe in taxes or significant earnings, scammers constantly aim to steal as much money as they can. This kind of fraud operates for a year or two before disappearing or using another domain with the same name (.com .org .net .co etc).

But if we look more closely at a trustworthy company like Binance, we can see that none of these warning signs are there.

WORRIED THAT SOMEONE HAS YOUR PERSONAL & BUSINESS INFORMATION?

With how easy it is for scammers to acquire your data, it’s reasonable to be alarmed. Protect yourself and your loved ones by getting advice from experts. 

We will guide and even help you get your money back from scammers.

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How To Get Your Money Back if You Were Scammed by Mycryptoworks.com?

Have you ever found yourself in a position that was very similar to this one? Do not be worried, and above all, do not give up hope! Here are a few steps that you may do in order to get your funds back from a scammer, which are provided for your convenience by Ez Chargeback, which is here to assist you throughout the recovery process.

First and foremost, you are required to report the situation to the appropriate authorities. First, give the local police department a call, and then get in touch with the local regulators and any other law enforcement agencies in your area that deal with fraud and criminal activity. Stop using your credit and debit cards as soon as you can, and call your bank to let them know what’s going on. Your bank will be able to provide you with important information and help you avoid further financial trouble.

After notifying the authorities and safeguarding the remaining funds, you should get in touch with our hands on deck representatives so that we can direct you to an asset recovery company that is honest and dependable. We have compiled a complete list of asset recovery companies that have earned a perfect score in all three categories (speed, quality, and trustworthiness). You can get in touch with the EzChargeback specialists by going to our contact us page and filling out the reporting form. They should get back to you within a few hours. There is still a chance that everything could turn out okay!

Recover Your Money Back!

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