CryptoAllDay Review

Our review began with a comprehensive cross-check of the legal entity behind the CryptoAllDay brand. We examined the Seychelles business registry, major international company databases, and the country’s official financial regulator register. In parallel, we collected and analysed every user review we could locate—spanning Trustpilot, specialised trading forums, and consumer complaint sites.

We cross-referenced user narratives against the firm’s public claims, payment-structure information (or lack thereof), and the broader pattern of activity seen in known investment scams. The resulting picture is stark: CryptoAllDay exhibits all the hallmarks of a fraudulent operation built to extract deposits and vanish.

CryptoAllDay is operated by Petrasoul Ltd., a Seychelles Business Company incorporated in May 2021. Its registered address—Suite 19, First Floor, Eden Plaza, Eden Island—is a popular location for international business companies and is known to be used by numerous forex and crypto brokerages. That alone does not indicate illegitimacy, but it does place the firm in a jurisdiction with minimal ongoing oversight of active trading operations.

More tellingly, official records show zero employees. For a company purportedly offering round-the-clock investment services, this absence of any registered staff raises serious doubts about whether any substantive team exists. In our experience, legitimate brokers disclose key personnel, maintain operational staff, and can demonstrate a tangible presence beyond a PO Box. CryptoAllDay offers none of this.

The single most important fact for any prospective client is that CryptoAllDay is not regulated. We searched the Seychelles Financial Services Authority (FSA) register using both the trading name and the entity name Petrasoul Ltd., and found no record. Neither the website nor any other public source lists a licence number or claims any oversight by a reputable authority.

What does this mean in practice? There is no independent body supervising the broker’s capital adequacy, no requirement to segregate client funds, no mandatory external audit, and no compensation fund to turn to if the company fails. If a dispute arises—and the user record shows many—clients have no regulatory avenue for redress. They would need to pursue expensive private litigation in a foreign jurisdiction, which is almost certainly futile against an asset-less shell company.

CryptoAllDay does not publicly disclose its account types, minimum deposit requirements, leverage, or any standardised trading conditions. In a legitimate brokerage, these are foundational details that allow a trader to make an informed choice. The absence here is consistent with a scheme that prioritises extracting maximum funds over providing a transparent service.

From user complaints, we infer that onboarding is largely driven by telephone and Skype sales agents who promise high returns and apply pressure to invest more. There is no evidence of a formal KYC process beyond what is described as a perfunctory step used to delay withdrawals. The recommended starting investment appears to be in the thousands of euros, with one reviewer mentioning an initial €5,000 deposit.

Funding methods are not stated, but reviews indicate clients transfer funds via bank wire or cryptocurrency directly to accounts controlled by the operator. Once deposited, money becomes inaccessible. The user record is unanimous on this point: no reviewer reports a clean, fee-free withdrawal.

Instead, a recurring pattern emerges. After showing fake account growth, the broker tells the client they must pay an ‘admin fee’ or a ‘tax’—often 10% of the requested payout—deposited into an escrow or third-party wallet. One reviewer identified ‘Andrew Herrman Kovacs’ and a UK phone number (+447418354874) as the contact for this demand. This is textbook advance-fee fraud. No one who paid the extra fee ever received their money; in every case, the broker disappeared after collecting as much as possible.

CryptoAllDay has not revealed any specific trading platform—whether MetaTrader, a proprietary web interface, or a mobile app. User comments suggest a web-based platform or perhaps a custom dashboard that displays ‘profits’ on screen. However, multiple reviewers state that these displayed profits disappeared when they attempted to withdraw, and that they later realised the entire interface was a simulation.

Without independent third-party verification of trade execution—such as a connection to a known liquidity provider or an STP (straight-through processing) confirmation—there is no reason to believe any real trading took place. The platform likely served as a visual prop to build trust and encourage further deposits.

No official fee schedule exists. The only costs that surface are the ones described in complaints: arbitrary ‘admin fees’, ‘escrow fees’, and vague ‘taxes’ that must be paid to release funds. These are not disclosed upfront, nor are they explained in any coherent terms and conditions. In fact, we found no terms and conditions document publicly available.

Such fees are not charged by regulated brokers for standard withdrawals. They are a red flag that the operation is not designed to generate revenue from trading volume or spreads, but from the deposits themselves. Combined with the lack of any transparent spread or commission data, the cost picture is entirely predatory.

We analysed every available review and categorised them by topic. The signal is both uniform and devastating. Across every single category—scam concerns, trust, payouts, platform, deposits, withdrawals, fees, KYC, support, speed, and order execution—not one review expresses a positive sentiment.

Scam allegations dominate, with 12 explicitly labelling CryptoAllDay a scam. Trust issues arise in 7 reviews, with words like ‘not to be trusted’ and ‘they take everything’. Profit and payout complaints (7 reviews) detail a system of fictitious earnings and blocked access to funds. The platform itself is described as a fake interface in 6 reviews, while deposits and funding complaints (6) highlight the quick taking of money and subsequent stonewalling. Withdrawals are the subject of 5 reviews, all recounting blocked attempts.

Beyond the raw numbers, the reviews paint a narrative of psychological manipulation. Sales agents pose as professional investment advisors, build rapport over weeks, show consistent ‘gains’, and then orchestrate a sudden ‘market event’ that wipes the account—or they simply refuse to pay. One reviewer lost £18,400 and was cut off; another lost a combined $2,900 + $600 + 1.85 BTC in a family group. These are not isolated grievances; they form a coherent pattern of fraud.

Aggregated industry data aligns perfectly with the user-review record. On the FXCanary Scam Risk Score, CryptoAllDay receives a 75/100—classified as ‘Severe’. This score reflects the absence of any regulating body, the shell-company structure, and the concentration of withdrawal-related complaints. Other independent databases similarly flag the broker with extremely poor ratings.

In our experience, a score in this range correlates strongly with entities that eventually abscond. Because no contradictory positive feedback exists anywhere, the industry consensus is unambiguous: CryptoAllDay is unsafe.

CryptoAllDay fails every basic test of legitimacy. It is an unregulated shell company with zero employees, no transparent trading infrastructure, and a devastating corpus of user complaints describing classic advance-fee fraud. No positive review has been located to offset the overwhelming negative evidence.

We assess this broker as a scam operation and strongly advise against opening any account or transmitting any funds. The Scam Risk Score of 75/100 (Severe) is, if anything, conservative given the absolute absence of redeeming factors.

If you have already communicated with representatives of CryptoAllDay, block all contact immediately. Do not deposit any funds, and do not pay any ‘release fees’ or ‘taxes’—these are guaranteed to be lost. If you have sent money, contact your bank or crypto exchange as soon as possible; recovery chances are slim, but time is critical.

For future reference, always verify a broker’s licence with the regulator’s public register before depositing. Be suspicious of cold calls, social-media ads promising unrealistic returns, and any platform that refuses to disclose its fee schedule and withdrawal policy. A legitimate broker will welcome your due diligence; a fraudulent one will pressure you to act fast.