CryptoTradeCorp is an unlicensed offshore CFD Broker, that was created in November 2020, and went live in March 2021.
For complaints and broker withdrawal problems, read this.
CryptoTradeCorp Broker Review
Our in depth review of the broker called CryptoTrade Corp shows, that the trading software they offer investors is from Airsoft. It is a simple web-based CFD trading platform, and you not be able to use the industry standard MetaTrader4 or any mobile trading apps. Over 200 underlying assets are available for CFD trading including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes.
The Crypto Trade Corp website and trading platform is only available in English, as they are a funnel broker for Western European countries. A new investor is officially required to deposit a minimum of $250 to start trading, however during our review, the deposit option was not working.
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If you look at the screenshot below, you will see what their web-based trading platform looks like.
Is CryptoTradeCorp a Legit Broker?
No, CryptoTradeCorp is not a licensed or regulated broker.
They are actually owned and operated by: Bright Space Ltd, which is located at: Second Floor, Sound & Vision House, Francis Rachel Street, Victoria, Mahe, Seychelles. They list a contact phone number in United Kingdom of: +442030977792, and their email address is: [email protected]. Official website is at: CryptoTradeCorp.com.
Scam Broker Investigator uses a simple method to determine if a Forex broker is legitimate or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia. For complaints and withdrawal issues you should read more here.
Australia ASIC Warning: “ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian financial services licence.” You can find the most popular online brokers that are licensed and regulated listed here.
Compare Crypto Brokers
There are many licensed Forex brokers to choose from online, therefore, you should first look at the best brokers.
ForTrade is a very popular broker for new CFD investors. They are licensed & regulated by ASIC, CySEC and FCA, see here.
Try a Free Demo of their award winning trading platform, signup here.
Are you already investing with these brokers? Please share your experience with our readers in the comments below.