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No Regulation
Score
1.24 /10
Danger
CryptoTrade
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.89
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-13
- 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
| CryptoTrade Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Canada |
| Regulation | Unregulated |
| Market Instruments | Cryptocurrencies (BTC, XRP, ETC, ETH, ICO projects) |
| Demo Account | ❌ |
| Leverage | Not specified |
| Spread | Not mentioned |
| Trading Platform | MT4, MT5 |
| Min Deposit | $500 |
| Customer Support | Online chat |
| Phone (WhatsApp): +1 (786) 8085890 | |
| Email: support@cryptotrade230.com | |
CryptoTrade Information
In 2020, Canada-based CryptoTrade began offering bitcoin investments without regulation. The website lets users trade major cryptocurrencies and invest in ICOs without financial platform restrictions.
Pros and Cons
| Pros | Cons |
| Wide range of crypto options | Unregulated |
| No deposit or withdrawal fees | High minimum deposit ($500) |
| Availability of MT4 and MT5 platforms | No demo or Islamic accounts |
Is CryptoTrade Legit?
CryptoTrade is unlicensed by any financial regulatory organisation. The platform's lack of regulation suggests that users may not have the same protections as licenced and regulated brokers.
NameCheap, Inc. registered cryptotrade230.com on August 19, 2020, according to WHOIS. The domain expires on August 19, 2025, and was updated on August 19, 2024. Domain status is “clientTransferProhibited.”
What Can I Trade on CryptoTrade?
CryptoTrade invests only in cryptocurrencies. Users can trade BTC, XRP, ETC, and ETH and invest in new ICO projects on the platform.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Commodities | ❌ |
| Crypto | ✔ |
| CFD | ❌ |
| Indexes | ❌ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
CryptoTrade offers Basic, Silver, Premium, and Exclusive live investment accounts. Minimum investments range from $3,000 for the Basic plan to $100,000 or more for the Exclusive plan. The investment capability of the plans depends on investors' capital and risk attitude. CryptoTrade does not provide demo or Islamic accounts, suggesting it targets investors ready to invest and trade.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MT4 | ✔ | Desktop, Web, Mobile | All types of traders, beginners to professionals |
| MT5 | ✔ | Desktop, Web, Mobile | Advanced traders needing more analytical tools and indicators |
Deposit and Withdrawal
CryptoTrade LTD does not charge deposit or withdrawal fees. It lets traders select from a range of payment choices including electronic payment methods, bitcoin, and main credit cards. The minimum deposit amount is $500.
| Options | Min. Amount | Fees | Processing Time |
| Perfect Money | $500 | None (bank charges may apply) | Instant |
| Payeer | $500 | None (bank charges may apply) | Instant |
| Bitcoin | $500 | None | Up to 30 minutes (network confirmation) |
| Bitcoin Cash | $500 | None | Up to 30 minutes (network confirmation) |
| Litecoin | $500 | None | Up to 30 minutes (network confirmation) |
| Dash | $500 | None | Up to 30 minutes (network confirmation) |
| Ethereum | $500 | None | Up to 30 minutes (network confirmation) |
| Visa/Mastercard | $500 | None | Instant |
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