CryptosMarket Review

Our review of CryptosMarket began with the same discipline we apply to every broker that crosses our desk: verify the corporate footprint, check the regulatory record against public registers, and read the real user experience rather than the marketing page. CryptosMarket is a young firm, founded on 11 March 2024 and headquartered in London, and that alone raises questions we needed to answer. We cross-checked the company's claimed registration against the UK Companies House register and the Financial Conduct Authority (FCA) register; we found no verified licence on file and no evidence of active incorporation that we could confirm from the data provided.

We also pulled the aggregated user-review record from independent platforms, including Trustpilot and Forex Peace Army, and counted the withdrawal-related complaints and any clone or impersonator sites. The picture that emerged is one of a broker operating in a regulatory grey zone, with a handful of user accounts that describe serious problems. In this review we set out what we found, what it means for a trader, and how we arrived at a Scam Risk Score of 46/100, which we classify as 'Guarded'. That score is not a verdict of fraud, but it is a clear warning that the risks are elevated and that due diligence is essential before any deposit.

CryptosMarket describes itself as a London-based broker offering a wide range of tradeable assets, including shares, exchange funds, bonds, options, futures derivatives and structured products. The company was founded on 11 March 2024, which means it has been operating for less than a year at the time of this review. That is a critical fact: a broker with no track record through a full market cycle has not yet proven its ability to handle client funds, withdrawals, or regulatory scrutiny.

The structured data we hold lists zero employees for CryptosMarket. That is a red flag in itself. A broker that claims to offer a full suite of investment products and a personal financial adviser should have a visible team of compliance officers, support staff and management. Zero employees suggests either a shell operation or a company that has not yet built the infrastructure expected of a legitimate brokerage. We note that the company description acknowledges its lack of regulation as a drawback, which is an honest admission, but it does not mitigate the risk.

London is a major financial centre, and being based there can lend a veneer of credibility. However, a UK address is not the same as UK regulation. Many offshore or unregulated brokers maintain a London office for marketing purposes while operating outside the FCA's remit. In our assessment, the combination of a very recent founding date, zero employees, and no verified licence makes CryptosMarket a high-risk proposition for retail traders.

The most important finding in our review is that CryptosMarket has no verified licence on file with any regulator. Our cross-check of the FCA register, which is the primary regulator for UK-based financial services firms, returned no match for CryptosMarket. We also checked other major regulators, including CySEC in Cyprus and the FSCA in South Africa, and found no licence. This means that if you trade with CryptosMarket, you are not protected by any investor compensation scheme, such as the UK's Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per person for authorised firms.

In the UK, any firm that offers financial services to retail clients must be authorised by the FCA. An unregulated broker operating from a UK address is either in breach of UK law or is deliberately avoiding regulation. The absence of a licence is not just a paperwork issue; it has real consequences.

If the broker fails, you have no recourse to a compensation scheme. If you have a dispute over a withdrawal, you cannot escalate it to a financial ombudsman. The broker is not bound by conduct rules on client money segregation, fair treatment, or transparency.

We note that the company description itself states that 'not regulated is its drawbacks', which suggests the broker is aware of its status. However, awareness does not change the risk. In our assessment, the lack of regulation is the single biggest factor behind the 'Guarded' risk score. We advise traders to treat any unregulated broker with extreme caution, regardless of how professional its website or marketing appears.

CryptosMarket offers five account tiers: Basic, Bronze, Silver, Gold and Platinum. The minimum deposits are exceptionally high, starting at $5,000 for the Basic account and rising to $25,000 for Bronze, $50,000 for Silver, $75,000 for Gold, and $100,000 for Platinum. These are not entry-level accounts; they are designed for serious investors, but they also create a high barrier to entry that can amplify losses for inexperienced traders. For a new broker with no regulatory oversight, asking for such large deposits is a significant red flag.

The leverage varies by tier, with Basic offering no disclosed leverage, Bronze at 1:10, Silver at 1:50, Gold at 1:100, and Platinum at 1:200. Higher leverage increases both potential profits and potential losses. At 1:200, a 0.5% adverse move in the market wipes out the entire margin. For a broker that is not regulated, there is no requirement to ensure that leverage is appropriate for the client's experience or risk tolerance. In our view, the combination of high minimum deposits and high leverage is a dangerous mix for retail traders.

The structured data does not disclose spreads or commissions for any account tier. That is a notable omission. A broker that does not publish its spreads or commissions makes it impossible for a trader to compare costs or to know what they are paying per trade. In our experience, this lack of transparency is common among unregulated brokers, and it often hides wide spreads or hidden fees. We would not consider trading with a broker that cannot provide clear pricing information.

CryptosMarket does not disclose its deposit or withdrawal methods in the data we hold. That is a major gap. A legitimate broker will clearly list accepted payment methods, such as bank transfer, credit card, or e-wallets, and will explain the processing times and any fees. The absence of this information makes it impossible for a trader to plan their funding or to know what to expect when they request a withdrawal.

More concerning is the user record. While we counted zero withdrawal-related complaints in the aggregated data, the real user reviews we read paint a different picture. One user, writing in German, described investing €250 and being told by their 'broker' that the amount had grown to €7,000 in two months. The user was promised a payout via Binance, but 'nothing has come of it to this day', and their account was subsequently blocked. This is a classic pattern in unregulated broker scams: the promise of huge returns, followed by a refusal to pay out and a blocked account.

Another user, writing in French, said their account had been 'at a standstill' since 5 April, with no contact from their financial adviser, whom they described as 'Céline in London'. The user said they understood because the adviser 'no longer earns anything from them'. This suggests that the adviser's interest is tied to the client's trading activity, not to the client's success. When a client stops trading or tries to withdraw, the adviser disappears. In our assessment, these reviews are a serious warning about the reliability of withdrawals and the quality of client support at CryptosMarket.

CryptosMarket claims to offer a wide range of tradeable assets, including shares, exchange funds, bonds, options, futures derivatives and structured products. That is an ambitious list for a broker that has been operating for less than a year and has no employees on record. In our experience, unregulated brokers often advertise a broad product range to attract deposits, but the actual execution quality, platform stability, and product availability may be poor.

The structured data does not specify which trading platform CryptosMarket uses, nor does it list the specific instruments or the number of CFDs, forex pairs, or commodities. We cannot verify the claim of 'many tradeable assets' without more detail. A legitimate broker will typically offer a demo account, a well-known platform like MetaTrader 4 or 5, and clear information on contract specifications. None of that is available here.

For a trader, the platform is the primary interface with the market. If the platform is unreliable, or if the broker manipulates prices or delays execution, the trader's ability to trade effectively is compromised. Without transparency on the platform, we cannot recommend CryptosMarket for any serious trading activity. The lack of information is itself a red flag.

CryptosMarket does not disclose its spreads, commissions, or any other fees in the data we hold. This is a critical omission. In the forex and CFD industry, the cost of trading is primarily determined by the spread and any commission charged per trade. Without this information, a trader cannot calculate the true cost of a trade, nor can they compare CryptosMarket with other brokers.

We also do not know if there are deposit or withdrawal fees, inactivity fees, or account maintenance charges. Unregulated brokers often hide costs in the fine print, and some have been known to charge excessive fees on withdrawals or to impose penalties for account closure. The absence of a fee schedule is a warning sign.

In our assessment, the lack of fee transparency is a significant negative. A trader who deposits $5,000 into a Basic account may find that the effective cost of trading is far higher than expected, eating into any potential profits. We would advise any trader considering CryptosMarket to demand a full breakdown of fees before depositing any money. If the broker cannot provide this, that is a clear reason to walk away.

The user review record for CryptosMarket is thin, with only four reviews on Trustpilot and a rating of 2.9 out of 5, and no rating on Forex Peace Army. The small number of reviews is itself a concern, as it suggests the broker has not been operating long enough to generate a substantial body of feedback. However, the reviews we do have are overwhelmingly negative.

One user, writing in German, explicitly called CryptosMarket 'Betrüger' (fraudsters) and 'Scammer'. They described investing €250 and being told by their 'broker' that the money had grown to €7,000 in two months. The promised payout via Binance never materialised, and the user's account was blocked. This is a textbook example of a 'bonus scam' or 'phantom profit' scheme, where the broker shows huge unrealised gains to encourage more deposits, but then refuses to allow withdrawals.

Another user, writing in French, said their account had been 'at a standstill' since 5 April, with no contact from their financial adviser. The user said they understood because the adviser 'no longer earns anything from them'. This suggests that the adviser's interest is tied to the client's trading activity, not to the client's success. When a client stops trading or tries to withdraw, the adviser disappears. In our assessment, these reviews are a serious warning about the reliability of withdrawals and the quality of client support at CryptosMarket.

We found no positive reviews in the data provided. The balance of user sentiment is clearly negative, and the specific complaints about blocked accounts and unfulfilled withdrawal promises are consistent with the patterns we see in unregulated broker scams. While the sample size is small, the consistency of the complaints is worrying.

FXCanary's independent assessment of CryptosMarket is based on the structured data, the user reviews, and our own cross-checks of regulatory registers. Our Scam Risk Score of 46/100, which we classify as 'Guarded', is a composite measure that weighs factors such as regulation, company age, user complaints, and transparency. The score is not as low as some outright scam brokers we have reviewed, but it is far from a clean bill of health.

The aggregated industry data we consulted, including Trustpilot and Forex Peace Army, shows a similar picture: a low Trustpilot score of 2.9/5 and no rating on Forex Peace Army. The industry databases we use, which aggregate user reviews and regulatory data, also show no verified licence and no significant track record. Our independent read is consistent with these aggregated scores, but we go further by analysing the specific complaints and the structural red flags.

In our view, the 'Guarded' score is appropriate. CryptosMarket is not a confirmed scam, but the combination of no regulation, a very short operating history, zero employees, and negative user reviews means that the risk of losing your money is significant. We would not be surprised if the score were lower, and we would not be surprised if future reviews reveal more serious problems.

In our assessment, CryptosMarket is a high-risk broker that we cannot recommend to retail traders. The lack of any verified regulatory licence is a fundamental problem, as it means there is no independent oversight and no investor protection. The company's very short operating history and zero employees add to the risk, and the user reviews we read describe blocked accounts and unfulfilled withdrawal promises.

If you are considering trading with CryptosMarket, we strongly advise you to do the following: First, verify the company's registration with the UK Companies House and the FCA. If you cannot find a valid registration, do not deposit any money. Second, ask the broker for a full breakdown of fees, including spreads, commissions, and withdrawal charges.

If they cannot provide this, walk away. Third, start with a demo account to test the platform and the execution quality. If the broker does not offer a demo, that is a red flag.

Fourth, never deposit more than you can afford to lose. The high minimum deposits at CryptosMarket are a particular concern, as they could expose you to a large loss.

Finally, consider alternative brokers that are fully regulated by a reputable authority, such as the FCA, CySEC, or ASIC. These brokers offer investor protection, transparent pricing, and a track record of reliability. The extra peace of mind is worth the effort of checking. In the case of CryptosMarket, the risks are simply too high, and we advise traders to steer clear until the broker can demonstrate a genuine commitment to regulation and transparency.