CRYPTOGRAPH LIMITED

CRYPTOGRAPH LIMITED is a forex and CFD broker that presents itself under the trading name EdgeGraph FX Limited. The firm is registered in Saint Vincent and the Grenadines, according to our records, with a registered address at Hinds Building, Kingstown. However, the broker's website also claims a registration in the Comoros Union and a licence from MISA, which we have not been able to independently verify. The company was incorporated on 26 July 2022, contrary to the broker's claim of operating since 1997.

Our records indicate that CRYPTOGRAPH LIMITED holds no financial regulatory licence from any recognised authority. The broker is not supervised by any major regulator such as the FCA, ASIC, or CySEC. The claimed MISA licence from Comoros is not a standard tier-1 regulation and does not provide the same level of investor protection. Traders should be aware that operating from Saint Vincent and the Grenadines without regulation implies heightened risk.

CRYPTOGRAPH LIMITED offers three retail account types: Professional, Standard, and Micro. All three require a minimum deposit of 1,000 JPY. The Professional account offers leverage up to 1:500, while Standard and Micro accounts provide leverage up to 1:1000. The broker promotes a zero-cut system, meaning traders cannot lose more than their deposit. However, the provision of such high leverage increases the risk of rapid account depletion.

The broker claims to offer 53 forex currency pairs, 19 CFDs, 38 cryptocurrencies, and precious metals. These instruments are tradable via the MetaTrader 5 (MT5) platform, which is available on desktop, web, and mobile. MT5 is a widely used platform offering advanced charting and automated trading. The broker does not disclose spreads or commissions on its site, which is a lack of transparency.

CRYPTOGRAPH LIMITED primarily targets Japanese-speaking traders, as evidenced by its Japanese-language website and 24-hour Japanese support. The broker aims to attract traders with high leverage and bonus offers. Given the lack of regulation, the broker appears to be focused on regions where offshore brokers are common, rather than regulated markets.

The broker claims to have been founded in 1997, but incorporation records show 2022. This discrepancy is a red flag. Additionally, the broker's website presents a regulatory licence from Comoros, but we have not verified this and it does not appear on our records. The official registration in Saint Vincent and the Grenadines is a jurisdiction known for minimal oversight. Traders should treat the broker's claims with caution.