Cryptorichs

Cryptorichs is a forex brokerage firm registered in China and established on May 18, 2022. The company operates under the domain cryptorichs.com and presents itself as a provider of leveraged trading services across multiple asset classes. As a relatively new entrant in the online trading industry, Cryptorichs targets traders with significant capital, offering account tiers that require substantial minimum deposits.

According to the company's own disclosures, Cryptorichs does not hold any regulatory licenses from any known financial authority. This absence of regulatory oversight is a critical factor for traders to consider, as it means the broker operates without the mandatory supervision that typically protects client funds and ensures fair trading practices.

Our records indicate that Cryptorichs has no registered regulators on file. This means the broker is not authorized or supervised by any major financial regulatory body such as the FCA, CySEC, ASIC, or any other recognized authority. For traders, this represents a significant risk, as there is no external oversight to guarantee the security of deposited funds or the integrity of trading operations.

In the absence of regulation, clients have no recourse to an ombudsman or compensation scheme in the event of disputes or broker insolvency. FXCanary strongly advises traders to verify the regulatory status of any broker before committing funds, and to approach unregulated entities with extreme caution.

Cryptorichs offers a tiered account structure with seven membership levels: Basic, Bronze, Silver, Golden, Platinium, Diamond, and VIP. Each account tier comes with different minimum deposit requirements and leverage limits. The Basic account requires a minimum deposit of $1,000 and offers leverage on currencies of 1:200. The Bronze account, with a $5,000 minimum deposit, provides leverage of 1:200 on currencies and 1:50 on metal and energy CFDs.

The Silver account ($10,000 minimum) offers leverage up to 1:500 on currencies, 1:20 on indices and stocks, and 1:100 on commodities. The Golden account ($25,000 minimum) provides 1:500 on currencies, 1:20 on indices, and 1:20 on stocks. Higher tiers include Platinium ($100,000), Diamond ($500,000), and VIP ($1,000,000), with varying leverage options that become increasingly customizable for the top tiers.

The minimum deposit across all account types starts at $1,000 for the Basic membership and escalates steeply to $1,000,000 for the VIP tier. This high entry threshold suggests that Cryptorichs is targeting affluent traders or institutional clients rather than retail investors with limited capital. Leverage offerings range from 1:20 to 1:500, with the highest leverage available on major currency pairs for the Silver and Golden accounts.

It is important to note that while high leverage can amplify profits, it also significantly increases the risk of substantial losses. Traders should be fully aware of the risks involved when trading with leverage, especially with an unregulated broker where dispute resolution mechanisms are absent.

Given the high minimum deposit requirements, Cryptorichs appears to be targeting high-net-worth individuals and professional traders who are willing to commit substantial capital. The broker does not seem tailored for beginner traders or those with limited funds, as the lowest tier requires a $1,000 deposit, and the more attractive leverage options are reserved for higher tiers.

Without regulatory oversight and with limited public information available, Cryptorichs may appeal to traders seeking customizable trading conditions and high leverage, but the risks are considerable. FXCanary recommends that traders thoroughly research any broker and consider the lack of regulation as a major red flag.