Close Newsletter
South Africa newsletter
Signup for the newsletter and keep updated
about the best brokers and auto trading robots.
Exclusive promotion: get a free account

Get a free $10,000 demo account!

Your capital is at risk
Binary Options are prohibited in EEA

Betacrypto
Rating:
Binary Option Programs Award
Min. Deposit
$500
Min. Investment
N/A
Regulated Broker
No

Betacrypto Broker Review

  1. Betacrypto

    Betacrypto is an unlicensed broker that offers cryptocurrency trading for beginners and professionals in South Africa. This broker is owned and operated by Golden Vision Consult LTD, 1111 Sofia District (Metropolis). To find out more information about this broker, read our full review below.

    The 4 Account Types

    Betacrypto offers South African investors four different account types that are suitable for all types of traders. We provide a full review of each account below.

    Blue Account –> $500 – $1,499 Minimum Deposit

    • Bonus up to 70%
    • eBook
    • Academy Access (Intro)
    • Signal (1 Week)
    • Daily Market Analysis
    • Account Manager
    • Client Protection Insurance
    • Demo Account (4 Days)
    • Daily Review
    • Account Currency (USD,EUR,GBP)

    Gold Account –> $1,500 – $2,999 Minimum Deposit

    • Bonus up to 85%
    • eBook
    • Academy Access (Intro)
    • Signal (2 Weeks)
    • Daily Market Analysis
    • Account Manager
    • Client Protection Insurance
    • Demo Account (2 Weeks)
    • Daily Review
    • Account Currency (USD,EUR,GBP)
    • 24/7 Customer Support Center
    • One on one Trading

    Platinum Account –> $3,000 – $14,999 Minimum Deposit

    • Bonus up to 100%
    • eBook
    • Academy Access (Full)
    • Signal (1 Month)
    • Daily Market Analysis
    • Account Manager
    • Client Protection Insurance
    • Demo Account (1 Month)
    • Daily Review
    • Account Currency (USD,EUR,GBP)
    • 24/7 Customer Support Center
    • Annual interest rate (1.30%)
    • One on One Trading

    Black Account –> $15,000 – $50,000 Minimum Deposit

    • Bonus up to 150%
    • eBook
    • Academy Access (Full)
    • Signal (6 Months)
    • Daily Market Analysis
    • Account Manager
    • Client Protection Insurance
    • Demo Account (6 Months)
    • Daily Review
    • Account Currency (USD,EUR,GBP)
    • 24/7 Customer Support Center
    • Annual interest rate (3.50%)
    • One on One Trading

    Trading Software

    This broker does not provide an innovative trading platform like MetaTrader 4. To trade with this broker, traders will need to use Betacrypto’s web-based platform.

    Our team has tried to launch their web-based platform, as well as the Betacrypto mobile platform several times, although unsuccessfully.

    On their website, Betacrypto claims that their web-based platform offers a variety of options like Real-Time Trading, Intuitive and Accessible, One-Click Trading, High-speed Execution and Social Trading.

    It is important to note that although such platforms may look innovative and impressive, this does not mean they are reliable for trading. We want to warn all South African traders to be very cautious if they decide to trade with this broker. 

    Education

    Although Betacrypto claims that it is possible for South African traders to use their educational materials and videos, our team was unable to find any of them. Specifically, when we go directly to the page, we could only see the standard definition of different cryptocurrencies.

    Customer Support

    At the time of this review, Live Chat did not work, so we could not contact the customer support team. However, all traders can reach Betacrypto support by email: [email protected] and the telephone number listed on their website: UK: +442080683487

    Betacrypto is also available in two types of languages: English and Arabic.

    It is regrettable that the Betacrypto live chat was not working, because live chat is very often the fastest and most direct communication method.

    Payment Methods

    If a South African trader decides to deposit with this broker, the only options available are currently listed on the account types page. South African investors have the choice between Visa, MasterCard, Skrill and American Express. All these methods were simply listed on the Betacrypto website, but we were unable to test them.

    Warning: South African investors are not encouraged to make any deposit with this broker. 

    Verdict: Is Betacrypto a Scam?

    Betacrypto is an unlicensed broker that completely lacks transparency and basic features, therefore there is a great chance that Betacrypto is a pure scam. South African investors are encouraged to stay away from this broker at all costs. Instead, they can take a look at our list of fully tested, reliable and regulated brokers to trade with.

Betacrypto articles

Other Broker Reviews