Crystal Fx Trading is a CFD broker with a website domain registered on January 1, 2024. This broker primarily offers investment services to investors in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so would violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the Crystal Fx Trading website (crystalfxtrading.com), the broker was established in 2016, claiming that its company entity is ASN and is regulated by the Australian Securities and Investments Commission (ASIC). However, it does not disclose the company entity's registration details or specific regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) did not find any regulated company by the name "ASN."
Therefore, Crystal Fx Trading (crystalfxtrading.com) is essentially a fraudulent broker website with neither a legitimate company entity nor any regulatory oversight.
Account Opening Process
The process for opening a trading account with Crystal Fx Trading involves visiting the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to access the account registration page, entering personal information such as your name and email address, setting your login password, and submitting the form. After account verification, the registration will be successful.
Trading Products
Crystal Fx Trading offers clients various trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' price movements, earning profits based on company performance and dividends without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
The Crystal Fx Trading website does not disclose information regarding account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volumes, maximum open positions/orders, or minimum price increments.
Trading Platform
Crystal Fx Trading offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second by comprehensive liquidity providers.
Deposits and Withdrawals
Crystal Fx Trading does not support deposits and withdrawals through credit cards or bank transfers. Users can only deposit and withdraw funds through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Crystal Fx Trading is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation, and the contact method is limited to email. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
