cryptorangefxt is a forex broker that claims to have been officially registered and established on August 1, 2022. It primarily offers financial trading services to investors worldwide, covering forex, metals, indices, futures, contracts for difference (CFDs), energy, stocks, bonds, cryptocurrencies, and commodities. The broker operates globally.
Corporate registration information and regulatory status:
The broker's official website states that cryptorangefxt holds a license issued by the Cyprus Securities and Exchange Commission (CySEC) with license number 105/12. Additionally, it is regulated by the International Financial Services Commission (IFSC) in Belize, with license numbers IFSC/60/385/TC and IFSC/60/315/AEM. The entity registered with CySEC is cryptorangefxt Limited, holding license number 124/10, and the IFSC license number for cryptorangefxt Limited is IFSC/60/354/TS/18. In the UK, the broker operates under the entity cryptorangefxt UK Ltd, regulated by the Financial Conduct Authority (FCA) with license number 705428. In Australia, cryptorangefxt Pty Ltd is the registered entity, holding a financial services license issued by ASIC with the number 443670.
On the "Contact Us" page, the broker claims its headquarters is Exinity Limited, located in Mauritius. However, on the "Terms and Conditions" page, cryptorangefxt states that its website is operated by Safe Side Trading LTD, the owner of the cryptorangefxt trading platform, registered in Saint Vincent and the Grenadines.
Upon investigation, it was found that the content on the cryptorangefxt official website appears to be plagiarized and altered. The broker's mentioned regulatory platforms do not show any record of a broker named "cryptorangefxt." Moreover, the website content and plagiarized information closely resemble that of several other brokers, including BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, Elitesurefinace, Trust Icome, mexcinvestment, CRYPTO BINARY TRADE, 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 cryptorangefxt, users need to visit the broker's official website, click on "Create Account" in the top left corner of the webpage, fill out the account registration form, and submit it. The broker will then send a verification code to the user's provided email address. After entering the code, users can proceed to log in to their accounts and start trading.
Account Types:
cryptorangefxt offers users four different types of real trading accounts: Basic Account, Classic Account, Standard Account, and Premium Account.
Basic Account:
- Minimum Deposit: $350 USD
- Spread: 1.9
- Maximum Leverage: 1:500
- Hedging Allowed: Yes
- Scalping Not Allowed
- Negative Balance Protection: Yes
- Swap-Free Service: Yes
- Stop-Loss Level: Set at 50%
- Minimum Trade Volume: 0.1 lots
- Services: Daily Market Review
- Services Not Provided: Daily Signals, Video Tutorials, Personal Account Manager, Financial Plans, Risk Management Plans
Classic Account:
- Minimum Deposit: $1000 USD
- Spread: 1.5
- Maximum Leverage: 1:500
- Hedging Allowed: Yes
- Scalping Allowed
- Negative Balance Protection: Yes
- Swap-Free Service: Yes
- Stop-Loss Level: Set at 50%
- Minimum Trade Volume: 0.1 lots
- Services: Daily Market Review
- Services Not Provided: Daily Signals, Video Tutorials, Personal Account Manager, Financial Plans, Risk Management Plans
Standard Account:
- Minimum Deposit: $2500 USD
- Spread: 1.2
- Maximum Leverage: 1:500
- Hedging Allowed: Yes
- Scalping Allowed
- Negative Balance Protection: Yes
- Swap-Free Service: Yes
- Stop-Loss Level: Set at 50%
- Minimum Trade Volume: 0.1 lots
- Services: Daily Market Review, Daily Signals, Personal Account Manager
- Services Not Provided: Video Tutorials, Financial Plans, Risk Management Plans
Premium Account:
- Minimum Deposit: $5000 USD
- Spread: 0.6
- Maximum Leverage: 1:500
- Hedging Allowed: Yes
- Scalping Not Allowed
- Negative Balance Protection: Yes
- Swap-Free Service: Yes
- Stop-Loss Level: Set at 50%
- Minimum Trade Volume: 0.1 lots
- Services: Daily Market Review, Daily Signals, Personal Account Manager, Video Tutorials, Financial Plans, Risk Management Plans
Trading Platform:
cryptorangefxt provides its users with the cryptorangefxt Web Trader, a proprietary trading platform developed by the broker.
Deposits and Withdrawals:
cryptorangefxt supports various methods for users to deposit and withdraw funds, including bank transfers, debit and credit cards, online cards, and e-wallets.
Summary:
Traderknows warns investors that cryptorangefxt, along with other brokers such as BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, Elitesurefinace, Trust Icome, mexcinvestment, CRYPTO BINARY TRADE, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, are suspected fraudulent platforms that have copied registration and regulatory information from various legitimate brokers. It is advisable to choose transparent and reputable trading platforms to avoid unnecessary financial losses. Currently, cryptorangefxt is flagged as "suspected fraud" on Traderknows.
