Crystal Trust Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-11-15 09:27

Abstract：Crystal Trust, a trading name of Crystal Trustee Company Limited, is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with 1,000+ tradable financial instruments with leverage up to 578:3, as well as 24/5 customer support service.

　　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 contained in this article is for general information purposes only.

　　General Information & Regulation

Feature	Detail
Regulation	No Regulation
Market Instrument	1,000+ instruments: Currencies, CFDs on US stocks, gold & silver, futures, options
Account Type	N/A
Demo Account	N/A
Maximum Leverage	578:3
Spread	N/A
Commission	N/A
Trading Platform	N/A
Minimum Deposit	$100
Deposit & Withdrawal Method	cryptocurrencies like Bitcoin, Ethereum, USDT and XRP

　　Crystal Trust, a trading name of Crystal Trustee Company Limited, is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with 1,000+ tradable financial instruments with leverage up to 578:3, as well as 24/5 customer support service. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that Crystal Trust currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.21/10. Please be aware of the risk.

　　Market Instruments

　　Crystal Trust advertises that it offers access to over 1,000 instruments, which include Currencies, CFDs on US stocks, gold & silver, futures, and options.

　　Leverage

　　The leverage provided by Crystal Trust is capped at 578:3. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Deposit & Withdrawal

　　Crystal Trust says that deposits can be made through cryptocurrencies like Bitcoin, Ethereum, USDT and XRP. The minimum investment amount required is $100. Withdrawals might take up to 48 business hours.

　　Bonuses

　　Crystal Trusts website claims that the company offers a bonus of up to $800. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

　　Customer Support

　　Crystal Trust‘s customer support can be reached by email: support@crystal-trust.com, live chat or send messages online to get in touch. Company address: Si Ying Huang, 9 Chisbury Terrace, Shelly Park, Auckland, 2014, New Zealand. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

　　Pros & Cons

Pros	Cons
• Rich tradable instruments	• No regulation
• Rich tradable instruments	• Only cryptocurrency payments supported
	• Lack of transparency

　　Frequently Asked Questions (FAQs)

Q 1:	Is Crystal Trust regulated？
A 1:	No. It has been verified that Crystal Trust currently has no valid regulation.

Q 2:	What is the minimum deposit for Crystal Trust？
A 2:	The minimum initial deposit with Crystal Trust is $100.

Q 3:	Is Crystal Trust a good broker for beginners？
A 3:	No. Crystal Trust is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.