The Crypton Broker is overseas-based forex and CFDs broker with over 1000 trading instruments. The broker offers two different trading accounts with certain leverage levels. The trading platform MetaTrader is available to perform trade. However, the broker has a significant issue; it does not hold a valid license to operate as a brokerage provided. Furthermore, the broker is being red-flagged by several financial regulators. In this Crypton Broker review, we will provide our readers with essential information about this broker. Please make sure to follow it completely and Read the full Crypton Broker review here.
About Crypton Broker:
The company Crypton LLC situated in Georgia, operates brand Crypton Broker. Georgia is an eastern European country, and brokers operating from this territory must be regulated by any of the EU based financial regulators. However, we could not find registration of Crypton Broker in any of the EU based financial regulators like the Financial Conduct Authority of the United Kingdom or CySEC of Cyprus. What is shocking is that the local financial regulator of Spain named CNMV and Financial Services and Markets Authority (FSMA) of Belgium had issued a scam warnings against the Crypton Broker. Unregulated brokers are always turn out to be a scam, and such broker is not accountable for investments of the traders. Also, investments could not be recovered from scam brokers situated in the overseas territory. The traders will not be able to reap the fruit of profit with scam brokers. The trading conditions such as spreads provided, minimum deposit, and cost of trading are not available on the official website. We can see the leverage level of 1:100 supplied on both of the trading accounts. While performing fact-check on the provided trading platform MetaTrader, we saw spreads of 1.3 pips on EuroUSD foreign exchange pair. The spreads are slightly high than what is preferred by most of the traders. Apart from this, there are no payment methods mentioned on the website. It is also an alarming sign because scam brokers never share valuable information with their clients. A possible benefit of Crypton Broker can be provided MetaTrader platform developed by Russian Meta Quotes.
Is Crypton Broker scam or legit?
The broker is unregulated and operates without a license. It is also operational from an overseas territory. Red flagged status is worrisome, and trading conditions are unclear. The broker Crypton Broker is a potential scam broker 2020. Make sure to avoid this broker at any given time.