About Factory Income
Company Background
Factory Income is a cryptocurrency-focused trading and mining platform registered in the United States. According to company records, it was founded on November 16, 2023, and operates from an address at 354 Oakridge, Camden, New Jersey. The official website is fac23income.com.
The broker is relatively new, having been in operation for less than a year at the time of this writing. Its registration in the US suggests a legal entity, but it is not a regulated financial services provider.
Regulatory Status
FXCanary has verified that Factory Income holds no regulatory licences from any known financial authority. The broker is not registered with the Commodity Futures Trading Commission (CFTC) or any US state regulator, nor does it claim oversight from international bodies such as the FCA or CySEC.
This lack of regulation is a significant point for traders to consider. Without external oversight, the broker is not required to adhere to client fund segregation or financial reporting standards, which introduces elevated counterparty risk.
Trading Platform and Instruments
Factory Income’s website indicates that its platform is designed for trading cryptocurrencies. The software is described as advanced and tailored for both trading and mining activities. Live price feeds for Bitcoin, Ethereum, Tether, and BNB are displayed, suggesting these are the primary available assets.
The platform appears to be web-based, with links to registration and login pages. No information is provided about mobile apps or downloadable software. The broker does not mention traditional forex pairs, CFDs, or other asset classes.
Account Types and Funding
No specific account tiers or minimum deposit amounts are disclosed on the public-facing website. The registration page likely requires personal details to open an account, but details about funding methods are not readily available.
Traders should note that the absence of transparent account information makes it difficult to assess the broker’s fee structure and entry requirements.
Target Audience
Factory Income appears to target cryptocurrency investors and miners. Its marketing emphasizes accessibility to global financial markets and uses slogans like "Trade your bitcoin" and "be financially free." The combination of trading and mining suggests an appeal to users interested in both active trading and passive mining income.
Given its unregulated status, it may attract risk-tolerant traders, but it is not suitable for those seeking regulated protection or diversification into traditional markets.
Overview compiled by FXCanary from regulatory records and public data. full Factory Income review