The Crypto Limited is a cryptocurrency broker that claims to offer a variety of trading services, including spot trading, margin trading, and futures trading. However, there are a number of red flags that suggest that The Crypto Limited is a scam broker.
Company Overview
TheCryptoLimited is a company that provides financial services. Their website isn’t very helpful, but it looks like they do trade binary options on cryptocurrencies and other assets like forex, markets, stocks, and more. They have a registered address in the UK as per their claim. Now, we have to check whether this is true or a scam.
Does The Crypto Limited Have Any License?
One of the most worrying things about dealing is that there are a lot of unknowns about this broker. Also, the most upsetting thing about them is that the broker’s website only has limited and false information about the company. This one has two business names: TheCryptoLimited Ltd. and Crypto Consultancy Ltd., which is based in the UK. It is not clear which of the two is running the brand. Other than the UK company’s address and phone number, there is no other information on any of the firms and no mention of financial control.
Another thing that makes us wonder is why the broker’s website lists a brand name besides TheCryptoLimited: CryptoFxPro. Whatever the confusion is, we did not find any licenses in the name of their company.
Is The Crypto Limited Regulated By Any Authority?
The Crypto Limited is not regulated by any authority. They claim they are registered with the FCA but, we did not find any information about them. Also, the French Regulatory Organization AMF declared a warning against them.
Another regulator CMV also issued a warning against this broker.
Pros and Cons
Pros:
- None
Cons:
- Unlicensed and unregulated
- Offshore registration
- No physical address or phone number
- Negative reviews from previous traders
How Does The Crypto Limited Reach To Their Prey?
Crypto Limited typically reaches out to potential victims through social media or online advertising. The company’s representatives may make promises of high returns with low risk, or they may offer to help traders with their accounts.
Technical Details
The Crypto Limited uses a proprietary trading platform that is not available to demo. This means that traders cannot try out the platform before they deposit funds.
Minimum Deposit:
The Crypto Limited has a minimum deposit requirement of $50,000. This is insane compared to other cryptocurrency brokers.
Trading Platform;
Crypto Limited uses a proprietary trading platform that is not available to demo. This means that traders cannot try out the platform before they deposit funds. The platform has been criticized for being user-unfriendly and for having a number of technical issues.
Spread:
Crypto Limited’s spreads are relatively high, which means that traders will pay a higher price to buy and sell cryptocurrencies.
Leverages:
Crypto Limited offers leverage of up to 100:1. This means that traders can control a position worth up to 100 times their initial deposit. High leverage can lead to large profits, but it can also lead to large losses.
Packages and Products They Offer
Crypto Limited offers a variety of trading packages, each with its own set of features and benefits. The company also offers a variety of cryptocurrency products, including spot trading, margin trading, and futures trading.
Withdrawal and Deposit Method
The Crypto Limited accepts deposits in a variety of cryptocurrencies and fiat currencies. Withdrawals can only be made in cryptocurrencies.
What Do Their Previous Traders Say?
The Crypto Limited has a number of negative reviews from previous traders. Traders have complained about difficulty withdrawing funds, poor customer service, and technical issues with the platform.
Summing Up- Why Should Not You Trust The Crypto Limited
The Crypto Limited is an unlicensed and unregulated cryptocurrency broker with a number of red flags. Traders who deposit funds with The Crypto Limited are at a high risk of losing their money.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to The Crypto Limited, you may be able to recover your funds. There are a number of companies that specialize in recovering funds from scam brokers. You can also contact us for a quick solution. We will provide you with a free consultation and service recommendations to help you in recoveirng the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
The Crypto Limited is a scam broker. Traders should avoid this platform at all costs. If you are looking for a reputable cryptocurrency broker, there are a number of other options available.
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