At first glance, the website does not appear to belong to an exchange that is based in the US. This is one of the most heavily regulated financial markets in the world, but the site seems shabby and made by an amateur.
It’s this little speck of doubt that had us launch a rather exhaustive search into the various business registries. The remainder of our Cuecrypto review will show you what we found, and why we don’t recommend this exchange.
| Regulated by: | Unregulated |
| Is This Company Safe? | No, do not trust your funds with unlicensed firms! |
| Known Websites: | cuecrypto.vip |
| Have Warnings from: | N/A |
| Registered in: | Colorado, US |
| Operating since: | 2024 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Crypto Pairs, Crypto Perpetuals, Crypto Binary Options |
| Free Demo Account: | No |
| How to Withdraw from This Company? | This firm doesn’t allow payouts. Contact our legal team to resolve withdrawal issues. |
Issues With the License
All of the company data found on the site indicates that the parent company, CUE Capital Foundation Ltd, is based in the US. Depending on the scope of business, the firm would need several authorizations for their line of work.
The firm is incorporated in the state of Colorado, and has been issued a certificate of good standing. The company form, however, states the firm as a nonprofit corporation. This means that the company exists to benefit the society and not generate a profit, which is suspicious coming from a currency exchange.
As a crypto asset service provider, the business should have a FinCEN MSB registration. Again, this information checks out with the relevant authority, and may be verified in the register. The problem here is that such a registration only facilitates exchanging one asset for another.
Since the exchange features trading, execution of orders on clients’ behalf, and services involving securities and derivatives, it must have an NFA license. If you perform a search, however, you will notice that the Cuecrypto exchange is not actually licensed. It’s this detail that debunks the entire exchange as a criminal entity.
Swindlers like this one or MorganStern are constantly trying to pull the wool over your eyes and divert your attention. This is why you should always exercise caution when investing with an unfamiliar financial service.
The Scheme Explained
The cuecrypto.vip website was created only in April 2024, according to the WhoIs information. Our web traffic analysis determined the majority of victims live in these regions:
- United Kingdom
- Australia
- United States
- Germany
- Slovenia
Instead of having a developed online presence, the firm functions through various intermediaries known as boiler room agents. These unscrupulous individuals mostly work by phone, or various online chat services.
They pretend to be crypto traders that have achieved incredible success on this one completely unknown platform. Online chat groups that advertise the scheme will usually have a number of agents shilling the same service, in order to better influence the mark.
Can’t Hide the Truth
Despite the ample deceptive testimonials posted by review seller networks, Cuecrypto reviews are going downhill fast. The client feedback can only be called a public outrage at this point.
On TrustPilot, more than 50% of all users are calling the company fraudulent, their testimonials reflect the strategies we’ve mentioned previously. Redditors have noticed the website to be a clone of a known con operation, and are warning the potential clients not to invest.
Don’t let the swindlers get away with their dirty deeds! Contact our expert team today, and start a recovery procedure before it’s too late!
No Trading Cost Information
One of the key problems with this platform is transparency. This problem is much a function of poor programming as it is an intended feature of the site, common with other fraudsters like Quantum Pro 360. This opacity mostly reflects on information about trading costs.
The only thing we did manage to learn is that the firm offers leverage for crypto derivatives up to 1:200. Other than that, there is no data on fees, swaps, commission or anything else for that matter.
Trading Environment Below any Criteria
We need to remember that Cuecrypto scam never actually have any access to the market. The trading is fictitious, and so are any profits or losses. The money is simply stolen, and any pretense of trading exists solely to keep the victims engaged and spending more.
Lackluster Trading Platform
The main Cuecrypto app is a simplistic browser-based web trader. While it may be accessed without a Cuecrypto login, this cannot be considered a demo.
There is a mobile version for Android and iOS users as well, but it is not available through official channels. You may download it using a provided QR code, which we strongly discourage for security reasons.
Forbidden Asset Types
We have already discussed how the company offers services outside of their allowed scope of business. These include crypto pairs, crypto perpetuals and crypto binary options.
Here are a few instruments from the selection:
- Crypto to Crypto – BTC/USDT, ETH/USDT, ADA/USDT, XRP/USDT
- Crypto Perpetuals – BTC, ETH, DOT, MANA
- Crypto Binary Options – USDT, SOL, LINK, ATOM
We’d like to remind our readers that binary option trading is banned in many parts of the world. Inclusion of these assets is a clear indicator that the platform is a fraud operation.
Blocked Account Creation
The website does not offer any Cuecrypto account types explicitly. Creating a login is reliant on company representatives, since it requires a “serial number”. There are ways to circumvent this requirement on the site, but doing so will have the created account locked from the server side.
No Mention of Withdrawals
The User Agreement document does not outline any conditions for deposits or withdrawals. There is no separate policy that governs these operations, nor is there any disclosure on the website itself. While there may be some data hidden in the client area, this remained inaccessible for us.
Nobody Reads Emails
The only way to contact the customer help desk is via a single email address. We did try to get in touch with the company representatives in order to create a login account. Hours later, though, we still didn’t get a single reply.
Got Scammed Online? We Can Help!
The firm offers numerous products and services that are in violation of regulatory guidelines, and in doing so is breaking the law.
Are you one of the thousands of investors who have been defrauded by an online hoax? If so, book a free consultation with our legal team. You may reach us at any time through the live chat on our site.
FAQ Section
What is Cuecrypto?
It is a dubious cryptocurrency exchange that offers a service not covered by their registration.
Is Cuecrypto Legit?
No, the company does not conform to the legal constraints imposed by MSB registration. Many of their services require an NFA license, which the firm does not have.
Is It Possible to Get Crypto Out of My Cuecrypto Account?
This exchange is unwilling to release their clients’ assets. Recovering funds requires expert help, so book a consultation with our team.
Source:
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