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Cryptozoption

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Operating status: SCAM

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

Broker violations and abnormal records
  • 2023-07-25 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
  • 2023-07-27 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.

Related Complaints

Q&A

What is the highest leverage in Cryptozoption?

Franklin Rafael Garca
Lebanon
2023-08-16
ANSWER Cryptozoption would pose significant risks like financial losses and identity theft out of its fraudulent nature. Therefore, we strongly suggest you drop the plan to join or invest with the platform.The website of Cryptozoption displays a business certificate issued by the US Registrar of Business, under company name "Activetradechoice". Weirdly, at the bottom of their homepage lies another company name "Cryptozoption LTD". Such a contradictory situation raises significant concerns about its authenticity. In an attempt to appear legitimate, it claims to have been registered in the US. However, we searched the register of National Futures Association (NFA) but failed to find any record matching the broker, suggesting that it operates outside the regulatory framework. The same goes with its claim that it is a Australian Securities and Investments Commission (ASIC) licensed broker. No data from the ASIC can support it.More importantly, since this broker also solicits British investors, the Financial Conduct Authority (FCA) has issued a warning against Cryptozoption, cautioning the public of this unauthorized firm.In essence, Cryptozoption is an unregulated broker having drawing a financial watchdog's warning. We strongly suggest investors avoid unregulated brokers like Cryptozoption as their funds and personal information in the platform are not protected. Choose a fully regulated counterpart is better.
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