Crosspairs

Crosspairs is a forex brokerage entity registered in Saint Vincent and the Grenadines with a registered address at 10th floor, Methodist Building, Granby Street, Kingstown. The company was founded on 28 June 2022. It presents itself as an online trading provider offering access to currency markets through leveraged trading accounts.

According to our records, Crosspairs is not regulated by any financial supervisory authority. The absence of regulatory oversight is a significant factor for traders to consider, as it means the broker is not subject to standard investor protection schemes or mandatory reporting requirements.

Crosspairs offers four account tiers designed to cater to different levels of traders. The entry-level BASIC account requires a minimum deposit of $100 and provides a maximum leverage of 1:400. The STANDARD account, with a $1,000 minimum deposit, also offers leverage up to 1:500. The GOLD and SILVER accounts target higher-net-worth clients, with minimum deposits of $2,500 and $5,000 respectively. The SILVER and STANDARD accounts share the highest leverage of 1:500, while the GOLD account offers 1:400.

These account structures suggest that the broker aims to attract both retail traders with smaller capital and more experienced investors willing to commit larger sums. However, the high leverage offered (up to 1:500) amplifies both potential gains and losses, which is a key risk factor especially in the absence of regulation.

FXCanary has assigned Crosspairs a Scam Risk Score of 75 out of 100, categorised as 'Severe'. This high score reflects the lack of regulatory licensing, the offshore registration in Saint Vincent and the Grenadines, and the very high leverage options that can lead to significant losses. Traders should exercise extreme caution when considering this broker.

The absence of independent user reviews further limits the ability to assess the broker's operational history or client service quality. With no web search results confirming the broker's activities or reputation, the information available is limited to the registration details and account offerings provided.

The known facts do not specify the trading instruments or platform options offered by Crosspairs. Typically, such brokers offer forex, CFDs, and possibly commodities or indices, but this has not been confirmed. The official website at crosspairs.com may provide further details, but we have not accessed it for this profile.

Given the lack of verified data on platforms like MetaTrader 4/5 or proprietary software, traders should verify the trading environment directly with the broker before funding an account. The absence of platform information is another indicator of limited transparency.

Crosspairs presents a high-risk proposition due to its unregulated status, recent establishment, and high leverage offerings. While the account structures are clearly defined, the lack of regulatory oversight means traders have no recourse through a financial ombudsman or compensation scheme in case of disputes.

Traders considering Crosspairs should conduct thorough due diligence, start with minimal deposits, and be fully aware of the risks involved in trading with an unregulated offshore broker. FXCanary recommends prioritising regulated brokers with a proven track record for capital protection.