Bad Brokers

CryptoSFS Review


CryptoSFS is was an unlicensed Forex & Crypto CFD broker that opened in March 2019. This Broker is Now Closed!

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CryptoSFS Review

Our review of CryptoSFS shows that they are offering investors, the CFD trading software platform made by Tradologic. The trading platform has the full range of underlying assets including: Currencies, Crypto Currency, Individual Shares, Market Indices and Commodities.

You will find two trading platform choices, either their Simplex or ForexPro trading software. Shown below is a screenshot of their Simplex trading software. Investors will not be able to use the popular MT5 trading platform, or any mobile trading apps. Their website is only available in English, German, Spanish and French.

The minimum deposit requirement for a new account at a broker like CryptoSFS is usually $250. After your initial deposit, you will probably get a phone call from a salesman offering you a managed account with high monthly returns. Before chasing dreams of high returns, read this.

Crypto SFS Brokers Trading App
Crypto SFS Brokers Trading App

Does CryptoSFS Have a License?

No, CryptoSFS does not have a license. 

They are owned and operated by a company called Smart Financial Services Ltd, and located at: Kaarli puiestee 1, 3rd floor, Tallinn 10142, Estonia. Contact phone number is in Switzerland at: +41435088809, and their email address is: [email protected] Official website is at:

On the Scam Broker website you will find hundreds of reviews of CFD brokers, in which we check to see if they are licensed and regulated brokerage firms, or possible scams. The way an investor should properly assess a new CFD broker, is by checking to see if the FCA in United Kingdom or Australia’s ASIC regulates them. ASIC and the FCA have warned investors in Australia and England to only invest with a locally licensed Forex broker, read more.

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Compare Online Brokers

You can find reviews of popular licensed CFD brokers listed here. Many people get overwhelmed by the choice of online brokers, because there are so many of them. Below is a popular broker to try out.

ForTrade is a very popular broker that is regulated by the FCA United Kingdom and ASIC Australia, see here. Get a Free Demo Account on their unique trading platform, signup here.


If you are already invested at CryptoSFS, please share your experience in the comments section below.