Abstract:Cryptomargen, established in 2022 and headquartered in China, operates as an unregulated cryptocurrency trading platform offering a variety of crypto instruments and services. Despite its lack of regulation, Cryptomargen aims to provide traders with professional support, optimized trading solutions, comprehensive analysis, and access to premium trading technology through the MT5 (MetaTrader 5) platform. While specific educational resources are not specified, customers can contact customer support through the official website for assistance. Overall, Cryptomargen offers traders an avenue to engage in cryptocurrency trading with various tools and support options, albeit within an unregulated framework.
Cryptomargen Review Summary | |
Founded | 2022 |
Registered Country/Region | China |
Regulation | Unregulated |
Market Instruments | Forex and indices |
Demo Account | Available |
Leverage | Up to 1:100 |
Customer Support | Contact through the official website |
Cryptomargen, founded in 2022 and headquartered in China, provides traders with services of Forex and Indices services. It provides access to REAL-TIME asset quotes from Equinix LD4 (in London, United Kingdom), Equinix NY4 (in New York, United States), Equinix TY3 (in Tokyo, Japan) and Equinix SH5 (in Shanghai, China).
Pros | Cons |
Offers professional support and comprehensive analysis | Lack of Regulatory Oversight |
Provides optimized trading solutions and premium technology | Limited customer support options, only available through the website. |
Access to a variety of crypto instruments via MT5 platform |
Cryptomargenis not regulated by any financial institutions right now.
Cryptomargen offers traders the opportunity to trade with Forex and Indices.
Tradable Instruments | Supported |
Commodities | ❌ |
Stocks | ❌ |
Currencies | ❌ |
Forex | ✔ |
Indices | ✔ |
Bonds | ❌ |
Cryptomargen offers two types of real trading accounts, namely Standard and Leverage account. Besides, test accounts are available.
The maximum leverage ratio offered by Cryptomargen is 1:100.
Cryptomrgen offers different options for deposit and withdrawal with 0% deposit fee and 5% withdrawal fee. These approvals will be processed in 72 hours.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.
CPT Markets’ UAE subsidiary, CPT MENA, secures an SCA Category Five license, expanding its FX and CFDs services in the region. Learn more about its UAE growth.