About 21incpool
Company Overview
21incpool is a forex and crypto brokerage that lists its official domain as 21incpool.com and claims to be registered in the United Kingdom, with a founding date of March 20, 2019. The broker presents itself as a multi-asset trading provider, offering a range of instruments including over 80 forex currency pairs, top 10 indices, gold, silver, and oil.
However, regulatory information is conspicuously absent from the known facts, and no independent verification of its claims is available. The lack of a known regulatory licence is a significant red flag for traders who prioritise oversight and investor protection.
Account Types
According to the known facts, 21incpool provides three distinct account types. The Crypto Account requires a minimum deposit of £100 (or currency equivalent) and offers a maximum leverage of 1:25. The Crypto & Forex Account demands a higher minimum deposit of £1,000 but increases leverage to 1:100. The Islamic Account, also with a £1,000 minimum deposit, allows the highest leverage at 1:1000.
These account tiers suggest a focus on both retail and experienced traders, with the Islamic Account catering to clients who require swap-free trading in compliance with Sharia law. The absence of standard account options (like a basic forex account) is notable and may limit accessibility for some traders.
Trading Instruments
The broker claims to offer 80+ forex currency pairs, which encompasses a broad selection of major, minor, and exotic pairs. Additionally, it provides access to the top 10 global indices, gold, silver, and oil. This range positions 21incpool as a potential one-stop shop for traders interested in traditional forex and commodity markets.
However, without regulatory oversight, the actual execution quality, liquidity providers, and pricing remain unverified. Traders should exercise caution and consider the risks associated with an unregulated entity when evaluating the instrument list.
Regulatory Status and Risk
The most critical aspect of this broker is the complete absence of any known regulatory licence. Despite being registered in the United Kingdom, 21incpool does not appear on the FCA register or any other major financial regulatory body. This means that clients have no recourse to a compensation scheme or ombudsman in the event of disputes.
FXCanary’s internal assessment assigns a Scam Risk Score of 75 out of 100, indicating a severe risk level. This score reflects the lack of regulation, limited transparency about the company’s operations, and the high leverage offered, particularly on the Islamic Account. Traders should be aware that dealing with unregulated brokers carries significant financial risk.
Deposit and Leverage Information
The minimum deposit requirements vary by account type: £100 for the Crypto Account and £1,000 for the other two. Leverage ranges from 1:25 (Crypto Account) to an extreme 1:1000 (Islamic Account). Such high leverage, especially on an unregulated platform, amplifies both potential gains and losses, making it unsuitable for inexperienced traders.
No information is available regarding accepted deposit methods, account currencies, or withdrawal policies. The lack of transparency on these operational details further compounds the risk profile of this broker.
Overview compiled by FXCanary from regulatory records and public data. full 21incpool review