Score

1.28 /10
Danger

Crypto Adviser

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index5.25

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Crypto Adviser · Company summary
Crypto Adviser Review Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Commodities, Stocks, Cryptocurrencies and Indices
Demo Account
Leverage1:500
SpreadFrom 1.5 pips (Standard account)
Trading PlatformWeb
Min Deposit$250
Customer SupportTel: +44 7851020471
Email: support@cryptoadviseruk.com
Registration Address: 192 Gilberstoun, Edinburgh, Scotland, EH15 2QZ Brokers' Dept
Address: 1 Temple Avenue, Temple, London EC4Y 0HA

Crypto Adviser is a UK-based financial broker established in 2022. It offers trading in Forex, Commodities, Stocks, Cryptocurrencies, and Indices through a web-based platform. The company provides four types of accounts, with a minimum deposit of $250 and a maximum leverage up to 1:500.

It's worth noting that this is an unregulated broker.

Crypto Adviser's homepage

Pros and Cons

Pros Cons
Various trading choicesNo regulation
Multiple account typesCONCOB warning
Flexible leverage ratiosNo demo accounts
Popular payment optionsUncompetitive spreads
No reliable trading platform
High minimum deposit

Is Crypto Adviser Legit?

No, Crypto Adviser is not a legitimate provider of financial services. The company claims to be registered in the United Kingdom, but no information about its registration was found with the United Kingdom's regulatory authority, the Financial Conduct Authority (FCA).

Even more seriously, the Italian Companies and Exchange Commission (CONSOB) has issued a public warning regarding Crypto Adviser's fraudulent activities, labeling the company as an unauthorized entity engaged in deceptive practices.

No results from the FCA

What Can I Trade on Crypto Adviser?

Crypto Adviser offers various trading choices, including Forex Pairs, Commodities, Stocks, Indices, and Cryptocurrencies, providing you with opportunities to diversify portfolios across multiple asset types, which may potentially reduce the risk of losses. However, since this broker is unregulated, it is not advisable to consider trading with them.

Tradable Instruments Supported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Crypto Adviser? 1

What Can I Trade on Crypto Adviser? 2

Account Type

Crypto Adviser offers a variety of account types to potential clients, including four options: StandardAccount, Silver Account, Gold Account, and Platinum Account. However, the minimum deposit requirements for each account type have not been disclosed. It only specifies that a minimum deposit of $250 is required if you wish to trade.

Account comparison

Minimum deposit

Leverage

Crypto Adviser offers flexible leverage up to 1:500, which further indicates that the company is not regulated by the UK authorities, who typically require legitimate brokers to limit leverage to 1:30. Such a high leverage may heightens the risk of substantial losses.

Account TypeMax Leverage
Standard1:200
Silver1:400
Gold1:500
Platinum

Spread

The spreads offered by Crypto Adviser are unusually high, reaching as much as 111 pips for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. This is not a practice employed by any legitimate brokerage firm, and such spreads lack competitiveness entirely. You are advised to choose a legitimate exchange that offers reasonable spreads instead.

Account TypeSpread
StandardFrom 1.5 pips
Silver
GoldFrom 0.8 pips
PlatinumFrom 0 pips

Fees

When trading with Crypto Adviser, you will need to pay fees/commissions to business introducers, referring agents, or other third parties. The amount depends on factors such as frequency/volume of transactions and/or other parameters.

In addition, you will also be charged spread and swap fees, with the specific amounts undisclosed. If your account balance is insufficient to cover these fees, your positions will be closed.

Fees

Trading Platform

Crypto Adviser offers a rather basic web-based trading platform, failing to provide professional and advanced platforms like MetaTrader 4 or 5. Therefore, you are advised to seek out a reputable broker that offers a user-friendly trading environment, along with the opportunity to test strategies using a demo account.

Trading PlatformSupported Available Devices Suitable for
Web platformWeb/
MT4/Beginners
MT5/Experienced traders
Web platform

Deposit and Withdrawal

Crypto Adviser supports a wide range of payment methods, including cryptocurrencies such as Bitcoin, wire transfers, and credit/debit cards (Visa and Mastercard).

The processing times vary depending on the method used. For instance, bank wire withdrawals may take up to 10 business days and incur a fee of at least $25.

Payment MethodDeposit TimeWithdrawal TimeWithdrawal Fee
Bank wire2-5 business days5-10 business days$25+
Credit cardInstant24 hours
Crypto24 hours24 hoursDepends on crypto
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