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

Cryptozoption

Operating status: SCAM

Website: https://www.cryptozoption.com/

Broker violations and abnormal records

Jul 25, 2023 The UK FCA issues a warning against Cryptozoption
On July 26, 2023, the Financial Conduct Authority (FCA) issued a warning against Cryptozoption, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/cryptozoption

On July 26, 2023, the Financial Conduct Authority (FCA) issued a warning against Cryptozoption, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/cryptozoption
Jul 27, 2023 BrokersView has reviewed that Cryptozoption is an unregulated broker
In an attempt to appear legitimate, Cryptozoption displays a business certificate issued by the US Registrar of Business, with company name "Activetradechoice". However, at the bottom of their homepage, they claim that their company is called "Cryptozoption LTD". Such a contradictory statement raises significant concerns about its authenticity. Furthermore, since it claims to have been registered in the US, we searched the register of National Futures Association (NFA), the US recognized financial regulator, but failed to find any record matching the broker.
Cryptozoption also claims that it is a Australian Securities and Investments Commission (ASIC) licensed broker. But that claim is unfounded as no data from the ASIC can support it.
Cryptozoption provides an address in the UK, where the financial regulator is the Financial Conduct Authority (FCA). We searched for it in the FCA registry and discovered that the UK financial watchdog has issued a warning against Cryptozoption, cautioning the public of this unauthorized firm.
In essence, Cryptozoption 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.

In an attempt to appear legitimate, Cryptozoption displays a business certificate issued by the US Registrar of Business, with company name "Activetradechoice". However, at the bottom of their homepage, they claim that their company is called "Cryptozoption LTD". Such a contradictory statement raises significant concerns about its authenticity. Furthermore, since it claims to have been registered in the US, we searched the register of National Futures Association (NFA), the US recognized financial regulator, but failed to find any record matching the broker.Cryptozoption also claims that it is a Australian Securities and Investments Commission (ASIC) licensed broker. But that claim is unfounded as no data from the ASIC can support it.Cryptozoption provides an address in the UK, where the financial regulator is the Financial Conduct Authority (FCA). We searched for it in the FCA registry and discovered that the UK financial watchdog has issued a warning against Cryptozoption, cautioning the public of this unauthorized firm.In essence, Cryptozoption 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.

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