CryptoBanxaTrade Review : Fees, Pros and Cons, Reviews by Real Traders

CryptoBanxaTrade

Operating status: SCAM

Website: https://cryptobanxatrade.com/

Broker violations and abnormal records

Apr 26, 2022 The Cyprus CySEC Added CryptoBanxaTrade into Its Warnings
On 27 April 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b7da398a-de7a-4575-a7df-81294e21d8b0

On 27 April 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b7da398a-de7a-4575-a7df-81294e21d8b0
Aug 28, 2022 BrokersView has Reviewed that CryptoBanxaTrade is an Unregulated Forex Broker
CryptoBanxaTrade claims to be located in the UK. As per United Kingdon's laws, this broker shall obtain the forex license from the United Kingdom Financial Conduct Authority (UK FCA) to provide forex services. However, we did not find any results that matched this broker in UK FCA. That means CryptoBanxaTrade is not authorized by UK FCA.
CryptoBanxaTrade also claims to be regulated by the Belize Financial Services Commission (Belize FSC or IFSC) and Cyprus Securities and Exchange Commission (CySEC). We did not find any matching results in Belize FSC so the broker is not regulated in Belize. Moreover, we found a warning against CryptoBanxaTrade in CySEC. The Cyprus regulator warned the public that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services.
The truth is that CryptoBanxaTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

CryptoBanxaTrade claims to be located in the UK. As per United Kingdon's laws, this broker shall obtain the forex license from the United Kingdom Financial Conduct Authority (UK FCA) to provide forex services. However, we did not find any results that matched this broker in UK FCA. That means CryptoBanxaTrade is not authorized by UK FCA.CryptoBanxaTrade also claims to be regulated by the Belize Financial Services Commission (Belize FSC or IFSC) and Cyprus Securities and Exchange Commission (CySEC). We did not find any matching results in Belize FSC so the broker is not regulated in Belize. Moreover, we found a warning against CryptoBanxaTrade in CySEC. The Cyprus regulator warned the public that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services.The truth is that CryptoBanxaTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Jun 11, 2023 The US CFTC adds CryptoBanxaTrade to its RED List
On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added CryptoBanxaTrade to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added CryptoBanxaTrade to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.
Nov 20, 2025 BrokersView has identified that CryptoBanxaTrade's website is currently offline
BrokersView found that the domain "https://cryptobanxatrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://cryptobanxatrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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