About Crystaltradingforex
Company Overview
Crystaltradingforex is a forex brokerage firm registered in the United Kingdom, with its official website at crystaltradingforex.com. According to public records, the company was founded on 16 February 2022. The registered address is 10 Chiswell Street, London, United Kingdom, EC1Y 4XY.
Despite being registered in the UK, the broker operates without any disclosed regulatory oversight. No licences from the Financial Conduct Authority (FCA) or any other financial regulator have been identified. This absence of regulation is a significant consideration for any potential client.
Account Types and Minimum Deposits
Crystaltradingforex offers four account tiers: Starter, Basic, Standard, and Advanced. Each tier has a two-tier minimum deposit requirement, with the first figure for standard accounts and the second for what may be an Islamic or swap-free version. The Starter account requires a minimum deposit of $1,000 or $2,000, the Basic account $2,000 or $5,000, the Standard account $5,000 or $10,000, and the Advanced account $10,000 or $15,000.
Maximum leverage is not specified in the known facts, which is unusual for a retail forex broker. This lack of transparency extends to the trading instruments offered, as no asset classes or products have been disclosed.
Regulatory Status and Risk Assessment
FXCanary's Scam Risk Score for Crystaltradingforex is 49 out of 100, categorised as 'Guarded'. This score reflects the broker's lack of regulatory oversight and limited publicly available information. While the company is incorporated in the UK, incorporation does not equate to regulation by the FCA. Traders should be aware that dealing with an unregulated broker carries heightened risk, including limited recourse in the event of disputes.
Given the absence of regulatory verification, potential clients are advised to exercise caution and conduct thorough due diligence before committing funds.
Company Information and Transparency
The registered address at 10 Chiswell Street places the broker in London's financial district, but this alone does not guarantee operational legitimacy. The broker's website (crystaltradingforex.com) may provide additional details, but based on available records, there is no information on trading platforms, customer support, or funding methods.
Transparency is a key concern: without clear details on leverage, spreads, or instruments, traders cannot make informed decisions. The broker's claims about its offerings could not be independently verified due to the lack of accessible website content.
Overview compiled by FXCanary from regulatory records and public data. full Crystaltradingforex review