OneTwoCrypto is a relatively new CFD broker, that opened in August 2021. This is broker is now closed & out of business.
Like many offshore brokers, they received their investors from get rich quick trading apps like Bitcoin Era.
For complaints or withdrawal problems, read this.
OneTwoCrypto Reviews
Our review of this broker finds that they are offering their new Crypto investors a very basic, web-based trading platform.
The software is 100% web based and it offers CFD (Contract for Difference) trading on only Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum, CVC, XEM, OMG, ZEC and STR. Trading conditions do not seem realistic, as they are showing spreads of $0.01 (a penny) on Bitcoin. Four account types are shown, with the minimum deposit requirement starting at $5000 for the smallest account.
OneTwo does not offer trading, as far as we can see on other assets like: Forex, Commodities, Indicies and Stocks. Also, they do not offer the popular trading apps of MT4 or MT5.
We see that they are offering bonus money of 40% – 70%, but if would read their terms and conditions page you will see “Bonuses are only available for withdrawal after trading 30 times the deposited amount + the bonus value”. Bonus money is a major cause for complaints among investors that want to withdraw their funds, read why.
Get Rich Quick Scams
Hundreds of “Get Rich Quick” scams focused on Crypto Currency trading, are now permeating the online world. We came across this broker after we signed up for an account with Bitcoin Era. We received an email from Harry Kabir, telling us to use this system to “open the floodgates of wealth”.
Before you become the next victim of a scam, educate yourself how these scams operate, read more here.
Is OneTwoCrypto a Legit Broker?
No, OneTwoCrypto is not a legit broker, since they are not licensed or regulated by the government.
According to their terms and conditions page, they are owned by 24CMarkets, and based in the Marshall Islands. 12Crypto lists a contact phone number in United Kingdom of: +442078801255. Contact email address is: [email protected]. Official website is: https://www.OneTwoCrypto.com/.
The way that the Scam Broker Investigator reviews a CFD Forex or Crypto broker to determine if they are legit or a scam, is by checking for a valid brokers license. Legitimate CFD brokers must be licensed and regulated in the United Kingdom by the FCA or in Australia by ASIC.
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Who is the best CFD broker for a new investor? Smart investors always use a broker that is licensed and regulated in their country. You can see our list of most popular brokers.
If you are already investing at the broker OneTwoCrypto, please share your experience with other readers in the comments section below.