On June 6, 2023, the Financial Conduct Authority (FCA) issued a warning against Cryptoxphere, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/cryptoxphere

While Cryptoxphere claims to be regulated by the US Securities and Exchange Commission (SEC), no entries matching this broker can be found in the SEC register. Furthermore, Cryptoxphere provides investment services for forex and derivatives trading, the financial activities required to be regulated by the National Futures Association (NFA). However, no corresponding data exist in the NFA register either. Therefore, Cryptoxphere is operating outside the regulatory framework. 

Cryptoxphere mentioned a different domain and purports that the broker at the domain is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and that this domain's benefits belong to Cryptoxphere. First of all, the domain is unavailable, raising doubts about its authenticity. Secondly, both Cryptoxphere and the broker at the domain can not be found in the IIROC registry. As a result, the statement about regulatory status is a lie.

In addition, the Financial Conduct Authority (FCA) adds Cryptoxphere to its warning list for offering financial services or products in the absence of proper authorization.

In essence, Cryptoxphere is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.