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.