KryptoHaus is a new offshore Forex / Crypto broker, that opened on October 22nd 2020.
Just like you, we found this broker when we registered for the Bitcoin Circuit trading app. Many people have problems withdrawing money from offshore brokers, see here.
KryptoHaus Review
Our review of the brokerage firm KryptoHaus finds, that they are offering a very basic Forex / Crypto CFD trading platform, with TradingView charts. This trading app offers a variety of underlying assets to trade in the categories of: Forex, Crypto, Market Indexes, Shared and Commodities.
Day traders will not find neither a mobile app on Google Play / iTunes, nor will they see the popular trading platforms from MT5 or MT4. The minimum deposit for a new trading account is usually $250, when dealing with a broker like this one.
Offshore brokers tend to offer higher margin rates than the licensed brokers. At KryptoHaus, the leverage offers on Forex is as high as 500:1, and commissions are 1.5%. You can find popular Crypto and Forex trading apps, listed here.
Warning! Fake Trading Apps
The way you encountered this broker, was by registering for a crypto trading app like Bitcoin Circuit. Before investing money in a trading algorithm app, you should know that 99% of people lose their money that way!
Automated trading apps are marketed online via spam email and fake news websites. You should take a few minutes, and learn how the Crypto Investment Scams operate, see the article.
Is KryptoHaus a Legit Broker?
No, KryptoHaus does not have a license, which means they are not a regulated broker. On November 16th 2021, BaFin in Germany warned investors not to invest with this company, see here.
This broker is actually owned by the offshore entity Teredo Group Ltd (26069 BC 2020) and located at: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and Grenadines. Official website is at: https://kryptohaus.com/. Contact email address is: [email protected]. Phone number is United Kingdom: +441616762368.
Scam Broker Investigator has reviewed hundreds of Forex / Crypto brokers, to see if they are scams or a legitimate broker. The proper way to research your broker, is by checking to see if they are licensed by the FCA in the United Kingdom or by the FSCA in South Africa. No matter where you live, you should be using a local licensed broker.
Go read reviews of the most popular licensed Crypto and Forex brokers listed here.
Compare Regulated Brokers
There are hundreds of CFD brokers to choose from online, therefore, you should try out the established licensed brokers first.
AvaTrade is a popular broker that is licensed and regulated in South Africa, and they offer investors Social Trading. Look at their new AvaSocial trading app, and start trading with only $100, see here.
If you are already currently investing with KryptoHaus, share your experience in the comments section below.