CRYPTO BINARY TRADE is a forex broker registered on its official website on October 21, 2022. It primarily offers financial trading services such as forex and cryptocurrency to investors. The company's headquarters address is not disclosed, and it does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate registration information and regulatory status:
The bottom of the CRYPTO BINARY TRADE official website indicates, "CRYPTO BINARY TRADE (globaldigitalcrypto.com) is licensed by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 105/12, regulated by the Belize International Financial Services Commission (IFSC) with license numbers IFSC/60/385/TC and IFSC/60/315/AEM. The company is also registered with the United States Companies Registrar with registration number 21216603."
Upon verification, the Cyprus Securities and Exchange Commission (CySEC) cannot find a registered entity with the license number 105/12. Similarly, the Belize International Financial Services Commission (IFSC) cannot find a registered entity with the license numbers IFSC/60/385/TC and IFSC/60/315/AEM. Since the broker has not disclosed the entity name and registration address for the entity with registration number 21216603, registration and regulatory information for this entity cannot be found.
Additionally, the claimed corporate registration and regulatory information on the broker's website are used by multiple fraudulent broker platforms, including xtbcryptotrading, BitPrimeOption, Cryptoresol, CrispFinances, cryptorangefxt, Elitesurefinace, mexcinvestment, Trust Income, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, and others.
Account Opening:
To open an account with CRYPTO BINARY TRADE, visit the broker's official website, click on "GET STARTED" on the homepage, or "REGISTER" in the upper right corner of the webpage to access the account registration page. Fill in the account registration information and submit. After submitting the registration form, the account will be successfully registered, and users can trade after logging in.
Account Types:
CRYPTO BINARY TRADE offers three different types of trading plans for investors: BASIC PLAN, STANDARD PLAN, and PREMIUM PLAN.
- BASIC PLAN: Requires a deposit of $200 to $4,999, with a minimum profit of $410 and a maximum of $10,247.95. Investors can receive a maximum 5% trading bonus, access all platform features, and choose from over 75 different assets for trading. Withdrawal processing time is within 24 hours. The daily return rate is 35%, and the plan duration is 3 days.
- STANDARD PLAN: Requires a deposit of $1,000 to $49,999, with a minimum profit of $3,000 and a maximum of $149,997. Investors can receive a maximum 5% trading bonus, access all platform features, and choose from over 75 different assets for trading. Withdrawal processing time is within 24 hours. The daily return rate is 40%, and the plan duration is 5 days.
- PREMIUM PLAN: Requires a deposit of $5,000 to $500,000, with a minimum profit of $32,000 and a maximum of $3,200,000. Investors can receive a maximum 5% trading bonus, access all platform features, and choose from over 75 different assets for trading. Withdrawal processing time is within 24 hours. The daily return rate is 45%, and the plan duration is 12 days.
Trading Platform:
The broker's official website does not mention the trading platform it provides to users. It was discovered during the registration process that this broker only offers a proprietary web-based trading platform.
Deposit and Withdrawal:
CRYPTO BINARY TRADE supports cryptocurrency deposits. For other payment methods, users need to contact the account manager. Withdrawals can be made using Paypal, Bitcoin wallet, MoneyGram, Western Union, or directly to the user's local bank account.
Summary:
Traderknows cautions investors that CRYPTO BINARY TRADE, along with BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, mexcinvestment, Elitesurefinace, cryptorangefxt, Trust Income, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, and other brokers, are fraudulent broker platforms using the same false corporate registration and regulatory information. It is advisable to choose trading platforms with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses. Currently, this broker is marked as a "Ponzi scheme" on Traderknows.
