Score

1.25 /10
Danger

Crypto Adviser

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index4.99

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Crypto Adviser · Company summary
Crypto Adviser Review Summary in 9 Points
Registered Country/Region United Kingdom
Regulation Not regulated
Market Instruments Forex, indices, commodities, stocks, and crypto.
Demo Account Available
Leverage 1:500
Spread From 1.5 pips (Standard account)
Trading Platform An online electronic systems and trading platform
Minimum Deposit $250
Customer Support Registration Address: 192 Gilberstoun, Edinburgh, Scotland, EH15 2QZ; Brokers' Dept. Address: 1 Temple Avenue, Temple, London EC4Y 0HA; Phone: +447851020471; Email: support@cryptoadviseruk.com

What is Crypto Adviser?

Crypto Adviser's homepage

Crypto Adviser is an online brokerage offering investors interested in forex, stocks, cryptocurrencies, and more. They offer a well-rounded selection of assets, allowing users to build diversified portfolios. Tiered accounts cater to different preferences, with varying minimum deposits ($250 baseline), leverage options (up to 1:500), and spreads (starting from 1.5 pips). Tighter spreads on the Platinum account might come with commissions. They also provide educational resources on trading basics, risk management, and market analysis, potentially empowering users.

Pros & Cons

Pros Cons
Demo account Complex account opening process
Low spreads Not regulated
Free education resources
Powerful trading platform

Pros:

Demo account: Experiment with the platform and test trading strategies before risking real capital.

Low spreads: Potentially lower trading costs, especially on higher-tier accounts.

Free education resources: Gain foundational knowledge about trading and potentially improve decision-making.

Powerful trading platform: Access an online trading platform designed for executing trades.

Cons:

Complex account opening process: Requires two documents for verification, which can be inconvenient for some users.

Not regulated: Lack of regulatory oversight raises concerns about the safety and security of funds, as well as the fairness of trade executions.

Is Crypto Adviser Legit?

No license

Crypto Adviser operates without any valid regulation, which raises questions about its legitimacy. The lack of regulatory oversight can pose significant risks, as it means the platform is not subject to the stringent standards and protections that regulated brokers must adhere to. This can affect the security of user investments and the overall reliability of the platform.

Market Instruments

Market Instruments
Market Instruments

Crypto Adviser offers a diverse selection of market instruments. This includes traditional asset classes like forex, indices, which track a basket of securities in a specific market segment, and commodities, like gold, oil, or natural gas. Additionally, they offer stocks, allowing users to invest in individual companies, and cryptocurrencies, the digital assets that have gained significant traction in recent years.

Account Types

Account comparison

Crypto Adviser offers tiered account options for different investor preferences. All accounts require a minimum deposit of $250 to get started. The Standard account serves as the entry point, featuring wider minimum spreads (from 1.5 pips) and moderate maximum leverage (up to 1:200). As traders progress to Silver and Gold accounts, minimum spreads tighten (down to 0.8 pips for Gold), and maximum leverage increases (up to 1:400 for Silver and 1:500 for Gold),potentially amplifying both profits and losses. The top-tier Platinum account boasts the tightest minimum spreads (from 0 pips) and the highest maximum leverage (1:500).

Leverage

Leverage

The Standard account offers a more conservative option with a maximum leverage of up to 1:200. Silver and Gold accounts progressively increase the maximum leverage to 1:400 and 1:500 respectively. This allows for greater potential returns, but also magnifies potential losses. The Platinum account offers the highest leverage of 1:500, amplifying both gains and losses to a significant degree.

Spreads & Commissions

Spreads & Commissions

The Standard and Silver accounts target beginners with wider starting spreads, from 1.5 pips, which are generally easier to understand for new investors. The Gold account offers tighter minimum spreads, from 0.8 pips, potentially appealing to more frequent traders who value lower upfront trading costs. The top-tier Platinum account boasts the tightest spreads, starting at 0 pips. Commissions are based on trading volume, transaction frequency, and other factors.

Trading Platform

Trading Platform

Crypto Adviser provides the Investment and Ancillary Services through its online electronic system.

The Companys electronic systems and trading platform are able to give orders for the purchase or sale of the Financial Instruments by connecting to the internet through a compatible device such as a personal computer, a tablet or a smartphone.

Deposits & Withdrawals

Minimum deposit amount
Payment options

Crypto Adviser requires a minimum deposit of $250 to get started, regardless of the account type investors choose. They offer a variety of deposit methods to suit investors' preference, including popular options like Visa, Mastercard, and bank wire transfers, alongside Bitcoin for cryptocurrency enthusiasts. When it comes to withdrawals, Crypto Adviser processes requests within a few days, aiming to return investors funds promptly.

Customer Service

Contact info

Crypto Adviser accepts contact through physical address, phone call and Email.

Registration Address: 192 Gilberstoun, Edinburgh, Scotland, EH15 2QZ

Brokers' Dept. Address: 1 Temple Avenue, Temple, London EC4Y 0HA

Phone: +447851020471

Email: support@cryptoadviseruk.com

Education

Education

Crypto Adviser aims to empower users by offering free educational resources. These resources reportedly cover fundamental aspects of trading, including the basics of navigating the platform, along with risk management strategies. This could equip users with the knowledge to make informed decisions and potentially mitigate potential losses.

Additionally, Crypto Adviser delves into both fundamental and technical analysis, which are two core approaches used by traders to analyze markets and identify trading opportunities. While the specific details and depth of these resources are unknown, the availability of free educational materials can be a valuable asset, particularly for beginners venturing into the world of online trading.

Conclusion

Crypto Adviser offers a variety of features that may appeal to new and experienced investors alike. These include a diverse selection of tradable instruments, tiered accounts with varying levels of leverage and spreads, and educational resources to help users navigate the platform and potentially make informed investment decisions. However, a major concern is the lack of regulatory oversight, which raises questions about the safety and security of user funds. It's important to weigh the potential benefits against the inherent risks before considering Crypto Adviser for trading needs.

Frequently Asked Questions (FAQs)

Question 1: Is Crypto Adviser regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does Crypto Adviser offer demo accounts?
Answer 2: Yes.
Question 3: Does Crypto Adviser offer the industry leading MT4 & MT5?
Answer 3: No. Instead, it offers an online electronic systems and trading platform.
Question 4: What is the minimum deposit for Crypto Adviser?
Answer 4: The minimum initial deposit to open an account is $250.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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