About Crypto Broker
About Crypto Broker
Crypto Broker operates under the domain cryptobroker.ltd and is registered in the United Kingdom. According to public records, the company was founded on May 10, 2022, and is based at 50 Nevett Street, Preston, England, PR1 4RD. However, publicly available information about the broker's operations, services, and track record is extremely limited.
Despite its name, which suggests a focus on cryptocurrency-related trading, no official website or marketing materials have been independently verified. Traders should exercise caution when considering engagement with an entity that provides minimal transparency about its offerings and background.
Registration and Company Background
The broker is registered as a company in the United Kingdom, a jurisdiction known for its robust corporate registry. The registered address at 50 Nevett Street in Preston is a residential area, which may be indicative of a small-scale operation or a virtual office. The company was incorporated on May 10, 2022, making it a relatively new entrant.
While company registration provides a legal entity, it does not imply regulatory oversight or financial soundness. Many brokers are registered as companies but later operate without proper licensing, and this appears to be the case with Crypto Broker. The absence of any verified operational history or public presence raises questions about its legitimacy.
Regulatory Status and Oversight
FXCanary's records indicate that Crypto Broker holds no regulatory licenses from any recognized financial authority. This lack of regulation is a significant red flag for traders, as it means the broker is not subject to the capital adequacy, segregation of client funds, and conduct standards imposed by regulators like the FCA, CySEC, or ASIC.
Without regulatory oversight, clients have no recourse to a compensation scheme or ombudsman in the event of disputes or financial loss. The broker's claim to be UK-registered might be mistaken for regulation, but company registration and financial regulation are entirely different things. Traders should not confuse the two.
Physical Address and Contact
The broker's registered address is 50 Nevett Street, Preston, England, PR1 4RD. This appears to be a standard residential property based on public mapping data, not a commercial office. There are no known telephone numbers, email addresses, or social media channels publicly associated with the broker beyond what may appear on its domain.
The inability to verify a physical operational presence or responsive customer support channels is a common characteristic of high-risk or unregulated entities. Legitimate brokers typically provide multiple means of contact and maintain a professional office address.
Risk Assessment and Trader Considerations
FXCanary has assigned Crypto Broker a Scam Risk Score of 46 out of 100, categorized as 'Guarded.' This score reflects the absence of regulation, limited public information, and the broker's short operating history. While a score of 46 does not conclusively label the broker a scam, it indicates above-average risk that warrants careful consideration.
Traders are strongly advised to verify the broker's status independently and to avoid depositing funds until more concrete evidence of reliability and regulatory compliance emerges. The lack of independent user reviews and the sparse public footprint further underscore the need for caution.
Overview compiled by FXCanary from regulatory records and public data. full Crypto Broker review