Trading in financial markets is not a simple endeavor, with an increasing number of entities seeking to profit from educating newcomers. One such company is detailed in our Empire Crypto Trading review. While its owners prefer to label themselves as a social network for crypto traders, they insistently advocate that education is the best investment, offering both paid and free courses. Can this project’s team truly impart anything useful? Is it worth trusting them? We’ll strive to answer these questions below.
Brief Overview
- 🖥Official Website: https://empirecryptotrading.com/
- ✈️Contact Addresses: not specified
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: none
- ⏳Track Record: 2023
- 🧰Specialization: market researches, education
- 🤝Terms of Cooperation: free subscription, empire premium for 250 AUD/month, 4-week exclusive mentorship program for 3,000 AUD
- 💰Additional Services: social media
Empirecryptotrading.com Examination
The official site of Empire Crypto Trading appears quite attractive and professional. Its main drawback, however, is a lack of useful information for visitors interested in becoming project participants. The pages boast about the range of services offered, the company’s platform, and its team. However, for instance, getting acquainted with the Educators on the About page raises some questions. The company’s founder, Mathew Ceddia, might be a real person. At least mentions on the project’s website and his photos in a t-shirt with the Empire logo suggest so, along with his active Instagram and other social media accounts.
Attempts to find mentions of other leading project members online have been unsuccessful. It gives the impression that these young people spend 24 hours in the office, have no interest beyond work, and do not maintain social networks. We haven’t found any of their personal profiles, which is quite strange (by the way, even the links to social networks on their photos lead to the company’s pages, not personal ones). Moreover, artifacts from editing remain visible in videos featuring these specialists and in individual photos, casting fair doubts on the composition of the team.
Company Contacts
The contact details of Empire Crypto Trading deserve special mention. The main issue is that there are almost none on the official website. Even a registered user can only send a message/ticket to the company’s specialists via the feedback form in the Support Center. They promise to process inquiries within two days.
As mentioned earlier, there are links to the project’s social media pages on various pages, including About. However, in most cases, comments are closed, and followers are not eager to start discussions under the company’s posts.
Some contacts can be found in legal documents. For instance, the Refund Policy lists the email address [email protected]. However, neither a postal address nor phone numbers have been found anywhere. The project’s creators also do not provide a registered address. This is a surprising phenomenon for a social network and educational service, reducing the number of external contacts to a minimum.
Perhaps everyone relies on the built-in messenger of the Empire Crypto Trading platform. However, it seems that nobody even considered what would happen, for example, if there were issues with logging into the system. Where would one find answers to their questions? Would they have to submit a ticket and wait two days for processing?
Key Conditions
The company outlines the various subscription options available to clients across multiple pages. A general overview can be found on the registration page, where users select their preferred collaboration model. More detailed descriptions of paid services are provided on the Education page.
Empire Crypto Trading offers three types of subscriptions:
- Free. Users gain access to general educational courses covering topics like cryptocurrencies, trading platforms and applications, and basics of digital asset exchange. This subscription also includes access to free cryptocurrency market “researches,” posting capabilities, comments in feeds, and participation in Live chat with other project participants.
- Empire Premium. This paid subscription costs 250 AUD per month and includes all features of the Free subscription plus additional benefits. These include advanced training such as technical analysis courses, several self-paced learning courses, access to Live Market Scans & Calls. The former provides market analysis by company experts and identifies opportune moments for trading, while the latter involves real-time trading sessions where a trader comments on each decision. Additionally, subscribers receive weekly training sessions, including trader psychology.
- Exclusive Mentorship Program. For 3,000 AUD, users participate in a 4-week (45-hour) advanced one-on-one learning course with an experienced mentor. This program includes research into effective cryptocurrency trading strategies, exclusive support, and access to all Empire Premium materials upon completion.
Are Empire Crypto Trading’s programs worth the money? It seems unlikely. 250 Australian dollars per month for technical analysis courses, market analysis, and weekly trading advice? Comparable or more intriguing offers can be found online for free today. Telegram channels are abundant with analytics and profitable signals.
Can one learn to trade on the cryptocurrency market with consistent positive results in just 45 hours, even under the guidance of an experienced mentor? Again, it seems improbable. Around two hours of study per day is insufficient to grasp the nuances of cryptocurrency movements, develop and test effective strategies, and master risk and money management. Why then pay 3,000 Australian dollars?
Moreover, the absence of success stories from participants in this project is concerning. While the company has posted a couple of testimonials from successful traders with effusive thanks on its website, words mean little without trading reports demonstrating consistent positive results.
In conclusion, it appears that after achieving success in the market (turning $300 into $150,000 is undoubtedly challenging), the founder of the service, Mathew Ceddia, chose a simpler and more efficient method of earning. It’s difficult to condemn him for this. However, paying substantial sums for dubious results is not the best option.
Exposing Empire Crypto Trading
Questions remain about the service’s operational basis and whether the company conducts its activities legally. Analyzing official information about Empire Crypto Trading could shed light on these matters.
There is no mention on the website of the company’s registration location under Empire Trading Co, the entity that owns the service. Only in the Terms & Conditions did we find a reference to operating within Australian legislation, with some materials emphasizing experience for Australian traders. However, these grounds are sufficient to verify the company’s presence in business registers of that country.
The company is indeed registered in Australia, having commenced operations on March 18, 2023, and remains active. The presence of official registration is undoubtedly a positive aspect, but it is important to verify whether the firm complies with legislation regarding educational activities.
In Australia, companies engaged in education must, depending on their scope, obtain several types of licenses. Services like Empire Crypto Trading may obtain an RTO (Registered Training Organization) license, though it is mandatory only if certificates are issued upon course or training completion.
The company does not issue any certificates or similar documents upon completion of training. Moreover, almost every course includes a Disclaimer, the main contents of which are:
- All information is provided for informational purposes only.
- The client uses it at their own risk.
- The company is not liable for losses or lost profits resulting from the use of the materials in trading.
Firstly, this absolves them of the need to obtain a license. Secondly, it’s difficult to call this information presentation “education.” Users go through more of an introductory course than educational ones. Undoubtedly, paying for such services seems overpriced.
Information about the company’s existence is confirmed by the whois service data. According to its information, the domain empirecryptotrading.com was registered on January 30, 2023, which aligns well with the company registration date.
What Reviews Do Users Leave?
After 2 years of operation, one might expect to find a considerable number of Empire Crypto Trading reviews online. However, there are not as many as expected, indicating a lack of popularity for the “world’s best educational platform.” It’s noteworthy that most comments are posted on Trustpilot, as if clients are unaware of other similar sites.
Overall, the authors’ opinions are positive, especially praising the Mentorship Program. However, most posts appear to be sponsored, as they repeat the site’s materials and hardly mention specific aspects of working with the company. Yet, there are users dissatisfied with the level of education, claiming that the information is so useful and needed that it is forgotten within 1-2 months.
There are virtually no (except for 1-2 Australian sites) expert opinions from thematic portals about education at Empire Crypto Trading. It appears that its student community is not as large and almost unknown outside Australia. However, the overall positive image of the service is consistently maintained.
Conclusions
In this Empire Crypto Trading review, we attempted to determine whether it is worth spending time and money on education in this company. We can conclude that you won’t find anything extraordinary or highly valuable in their courses and Mentorship Program. While trading experience with real traders can be beneficial, the fee for it is clearly inflated. As for analytical reviews and forecasts for the crypto market, there are plenty of materials available online from recognized experts that are distributed for free. We wouldn’t recommend spending your money on such dubious results.
Pros/Cons
- Official registration in Australia.
- Well-designed official website.
- The cost of courses and the Mentorship Program is inflated.
- The presence of a large team in the project raises doubts.
- The company does not issue certificates and therefore does not have a license.
- According to the service's terms, materials are provided for informational purposes only, and the company is not responsible for their use.
- The free subscription on the official website is not available.
I’m shy about working in groups. I thought individual training would be the solution. But in the end, no one is interested in your success, just the money.