Cryption-Ico presents itself as a broker regulated in the UK, attracting investors with promises of trustworthiness and safety. However, our investigation raises doubts about the validity of this portrayal.
Despite its claims, Cryption-Ico lacks the regulatory oversight it asserts to have. Operating without proper regulation, the broker operates opaquely, raising significant concerns for potential investors. This lack of transparency and accountability renders Cryption-Ico a risky choice for traders seeking a reliable platform.
For those considering involvement with Cryption-Ico, it is advisable to read our comprehensive review of the company before making any commitments. This review provides essential insights into Cryption-Ico’s actual operations, empowering traders to make informed decisions regarding their investments.
Cryption-Ico Regulation
| Guaranteed Funds | Segregated Accounts | Negative balance protection | |
| Cryption-Ico | ❌ | ❌ | ❌ |
| UK regulated brokers | £85 000 | Yes | Yes |
| EU regulated brokers | €20 000 | Yes | Yes |
| AU regulated brokers | No | Yes | Yes |
| US regulted brokers | Yes | Yes | No |
Although Cryption-Ico portrays itself as a reputable forex broker operating under the strict regulations of the UK’s financial market, it’s prudent to scrutinize their claims before proceeding. A closer examination reveals a concerning reality: their assertions of UK regulation lack substantiation.
This concern is magnified by an official warning issued by the UK’s Financial Conduct Authority (FCA). The FCA’s alert explicitly states that Cryption-Ico does not hold authorization to operate within the UK. Such warnings from the FCA carry weight, often arising from client grievances regarding deceptive practices, and aim to shield other investors from similar misleading assertions.
In light of these significant disparities, investors are encouraged to explore more trustworthy options provided by officially regulated brokers for their trading endeavors. Selecting a broker endorsed by a reputable regulatory body like the FCA is paramount for protecting your investments and overall financial security.
Trading Platform
Cryption-Ico’s web-based trading platform is notably underwhelming. After registering, users are greeted with only a solitary TradingView-enabled chart, which lacks the necessary features to support authentic trading endeavors.
Take a look:
Given the broker’s questionable reliability and the lackluster trading platform, it’s strongly advised for traders to steer clear of Cryption-Ico. Safeguarding your investments is paramount, and this broker seems inadequately equipped to ensure that level of security.
For those in search of a more superior and user-friendly trading experience, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) stand out as exemplary choices. Renowned for their advanced charting features and comprehensive technical analysis tools, these platforms are preferred by traders worldwide. Opting for a platform with a proven history of reliability is essential—it not only elevates your trading journey but also helps protect your funds.
Minimum Deposit
Cryption-Ico offers a range of account types with minimum deposits spanning from $50 to a considerable $20,000. It’s crucial to note that numerous reputable brokers offer much more accessible options, with their highest-tier accounts typically requiring no more than $200 to begin trading. This difference underscores the flexibility and affordability provided by respected brokers, making them more attractive to a broader spectrum of traders, spanning from novices to seasoned investors.
Payment Methods
| Deposit time | Withdrawal time | Price | |
| Crypto | 24 hours | 24 hours | Fee depends on crypto |
Cryption-Ico’s platform seems to provide a narrow selection of payment methods, primarily focused on cryptocurrency transactions such as Bitcoin, Ethereum, Litecoin, and USDT.
This limited range might raise concerns among potential users due to its lack of flexibility compared to many other brokers. Typically, brokers offer more extensive support, including options like credit/debit cards, bank transfers, and e-wallets, catering to a wider array of user preferences and financial requirements.
Trading Instruments
Cryption-Ico’s assertions regarding its provision of trading services in forex and binary options raise doubts, especially considering the apprehensions surrounding the platform’s reliability and the legitimacy of the company backing it. Prior to involvement with any trading platform, it’s imperative for traders to conduct comprehensive due diligence.
This diligence process should entail verifying regulatory compliance, thoroughly comprehending the terms and conditions, and researching user feedback along with any regulatory alerts or warnings concerning the company. Undertaking these measures is crucial to ascertain the security and suitability of the trading environment before making any financial commitments.
Cryption-Ico Spread
The lack of transparency regarding spreads is concerning, as the company does not provide this crucial information. This opacity regarding trading costs could pose a significant issue for traders who require clarity on potential expenses associated with using the platform. It’s imperative for prospective users to have access to all pertinent trading conditions to ensure they can make well-informed decisions.
Cryption-Ico Leverage
| Currency | Stocks | Crypto | Gold | Indices | |
| Cryption-Ico | ❌ | ❌ | ❌ | ❌ | ❌ |
| UK regulated brokers | 30:1 | 5:1 | ❌ | 20:1 | 20:1 |
| EU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| AU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
Cryption-Ico fails to provide information about the leverage offered on its platform, a crucial detail for traders seeking to gauge the risks and rewards of their trading strategies. Leverage has the potential to greatly magnify both profits and losses, making it essential for traders to have transparency regarding its limits.
This lack of disclosure is especially troubling considering the existing concerns about Cryption-Ico’s transparency and regulatory standing. For traders, the absence of knowledge about available leverage options means engaging in trades without a complete understanding of the potential financial risks involved.
Cryption-Ico Withdrawal Requirements
| Trading volume requirement | Fee/Tax on withdrawal | Minimum withdrawal | |
| Cryption-Ico | Not specified | Not specified | Not specified |
| UK regulated brokers | No | No | No |
| EU regulated brokers | No | No | No |
| AU regulated brokers | No | No | No |
| US regulated brokers | No | No | No |
Finally, the absence of clear information regarding fees and withdrawal requirements on Cryption-Ico’s website is yet another significant cause for concern!
In the realm of online trading, transparency regarding financial transactions, encompassing deposits, withdrawals, and any associated fees, is paramount for traders to adequately oversee their finances.
Cryption-Ico Pros and Cons
| Pros | Cons |
| None | Unregulated |
| Falsely claims regulation in the UK | |
| FCA warning | |
| No reliable trading software | |
| Non-transparent trading conditions |