Score

1.76 /10
Danger

Cronoscap

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

cTrader

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.44

Risk Management Index0.00

Software Index7.02

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2023-01-01

Broker Information

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Company Name

Cronoscap Limited

Company Abbreviation

Cronoscap

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Cronoscap · Company summary
Cronoscap Review Summary
Founded2004
Registered Country/RegionSt. Vincent & the Grenadines
RegulationUnregulated
Market InstrumentsStocks, Indices, Precious Metals, Energies, Cryptocurrencies, Forex, Commodities
Demo AccountAvailable
LeverageUp to 1:500
SpreadRange from 1.6 to 2.2 pips depending on the account
Trading PlatformcTrader
Min Deposit$100
Customer SupportEmail: support@cronoscap.com

Cronoscap Information

Cronoscap is an online trading platform based in Saint Vincent and the Grenadines that offers a range of trading services including stocks, indices, precious metals, energy, cryptocurrencies, forex and commodities. They require a minimum deposit of $100, offer a maximum leverage of 1:500, and have spreads ranging from 1.6 to 2.2 points depending on the type of account chosen. In addition, the company offers customer support via email (support@cronoscap.com).

Cronoscap Information

Pros and Cons

ProsCons
Diverse Range of Market InstrumentsUnregulated state
Various Account Types for Different TradersPotential for Conversion Fees on Deposits
High Maximum Leverage
Comprehensive cTrader Trading Platform
Available demo accounts

Is Cronoscap Legit?

Cronoscap is now under no valid regulation from financial institutions.

What Can I Trade on Cronoscap?

Cronoscap offers traders the opportunity to trade Stocks, Indices, Precious Metals, Shares, Energies, Cryptocurrencies, Forex (Foreign Exchange) and Commodities.

What Can I Trade on Cronoscap?
Tradable InstrumentsSupported
Commodities
Forex
Crypto currencies
Stocks
Precious metals
Energies
Indices
Shares
Futures

Account Types

First of all, a demo account is available.

Cronoscap offers six different live account types, namely Standard Islamic Account, Platinum Islamic Account, Standard Account, Premium Account, Platinum Account and Diamond Account.

The minimum deposit for a standard Islamic account is $100, typical spread starting from 2.2 pips, no swap fees, and maximum leverage is 1:500

The minimum deposit for an Islamic Platinum account is $2000, typical spread starts from 2.0 pips, no swap fees, and maximum leverage is 1:500

The minimum deposit for a standard account is $100, typical spreads start at 2.0 pips, swap fees are charged, and the maximum leverage is 1:500

The minimum deposit for a senior account is $500, typical spreads are at a minimum of 1.8, there are swap fees, and maximum leverage is presented as 1:500

Platinum accounts require a minimum deposit of $2000, typical spreads start at 2.0, and swap fees are charged, where the maximum leverage is 1:500

Diamond accounts have a minimum deposit of up to $5,000, typical spreads start at 1.6, swap fees are charged, and the maximum leverage remains: 1:500

Minimum depositSpreadSwap fees
Standard Islamic Account$100Starts from 2.2 pipsNO
Platinum Islamic Account$2,000Starts from 2.0 pipsNO
Standard Account$100Starts from 2.0 pipsYES
Premium Account$500Starts from 1.8 pipsYES
Platinum Account$2,000Starts from 2.0 pipsYES
Diamond Account$5,000Starts from 1.6 pipsYES
Account Types

Leverage

Cronoscap offers a maximum trading leverage of up to 1:500.

Cronoscap Fees

Cronoscap offers traders flexible spread and commission options ranging from 1.6 to 2.2 points.

Trading Platform

cTrader is chosen by Cronoscap to serve clients.

Trading Platform
Trading PlatformSupportedAvailable DevicesSuitable for
cTraderWindows, MAC, IOS, AndroidInvestors of all experience levels

Deposit and Withdrawal

Kronokap only processes payments in US dollars (USD). If you deposit funds in other currencies, they will be automatically converted to US dollars. Banks may charge switching fees for this.

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Editer
more than one year
Cronoscap is a platform that I would advise against for anyone considering leveraged trading. Engaging in leveraged trades seems to be a futile exercise, as the market makers and liquidity providers offering leverage end up trading against you. It's not just a coincidence that most users on this platform end up losing money. To stay on the safe side and avoid unnecessary risks, it's recommended to stick to purchasing stocks with the full amount of capital rather than getting involved in leveraged trading.
Cronoscap is a platform that I would advise against for anyone considering leveraged trading. Engaging in leveraged trades seems to be a futile exercise, as the market makers and liquidity providers offering leverage end up trading against you. It's not just a coincidence that most users on this platform end up losing money. To stay on the safe side and avoid unnecessary risks, it's recommended to stick to purchasing stocks with the full amount of capital rather than getting involved in leveraged trading.
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2024-01-08 10:16
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