Cryptocians Ltd is a forex broker registered in the UK in 2021, offering a variety of financial product trading services ranging from forex to cryptocurrencies. However, the company is not authorized or regulated by the UK Financial Conduct Authority (FCA). The official website of Cryptocians Ltd is: https://www.cryptcianlt.com/
Background of Cryptocians Ltd:
The platform domain of Cryptocians Ltd was registered on January 22, 2024. The company is officially registered in the UK, with an address at West Green Road, London, specifically Flat, 22, postal code N15 5NN. The company's registration date is April 19, 2021. These details provide the basic background and registration information of the company.
Regulatory Information of Cryptocians Ltd:
Cryptocians Ltd has not been authorized or licensed by the UK Financial Conduct Authority (FCA). Because the company provides financial product services without authorization, it has been officially placed on the warning list. Investors and traders are strongly advised to avoid any financial transactions or investments with this company to prevent possible financial losses.
Account Registration Process of Cryptocians Ltd:
- Login to the Cryptocians Ltd official website and click the register button
- Fill out the application form
- Submit identity verification/documents for number verification
- Make a deposit and start trading
Types of Accounts at Cryptocians Ltd:
Cryptocians Ltd offers four different types of accounts to meet the needs of various investors:
STARTER Account
- Minimum Deposit: £1,000
- Maximum Deposit: £4,999
- Total Compounding: 35%
SILVER Account
- Minimum Deposit: £5,000
- Maximum Deposit: £9,999
- Total Compounding: 60%
GOLD Account
- Minimum Deposit: £10,000
- Maximum Deposit: £49,999
- Total Compounding: 75%
PLATINUM Account
- Minimum Deposit: £50,000
- Maximum Deposit: £100,000
- Total Compounding: 120%
Each account type has different deposit limits and offers various compounding interest rates based on the deposit amount to cater to different levels of investors.
Trading Software of Cryptocians Ltd:
Cryptocians Ltd has not yet disclosed detailed information about its trading software, raising concerns among investors about its technical support and trading tools. The choice of trading software directly affects the smoothness and security of trading. Therefore, investors should be cautious when choosing a trading platform and prioritize those that provide transparent information and well-known trading software to ensure the safety of funds and smooth trading.
Trading Products of Cryptocians Ltd:
Cryptocians Ltd offers its clients a wide range of trading products across various financial markets, enabling investors to diversify their portfolios and take advantage of trading opportunities in different markets. The main categories of trading products provided by the company are:
- Cryptocurrencies: Investors can trade numerous mainstream and emerging cryptocurrencies, benefiting from the rapid price changes in this highly volatile market.
- Indices: Offers trading of various major and minor global stock market indices, allowing investors to speculate and invest in the overall market or specific sectors.
- Forex: Trades major currency pairs and some less traded currency pairs from around the world, the largest and most liquid market worldwide, providing 24-hour trading opportunities.
- Energy: Includes commodities like crude oil and natural gas, which are significantly impacted by global political and economic events, offering high volatility trading options for investors.
- Stocks: Investors can buy and sell stocks of companies in various global markets, directly participating in the financial performance and growth potential of specific companies.
- Options: Provides options trading, enabling investors to speculate on the future price movements of assets without directly holding those assets.
- Exchange-Traded Funds: Investors can engage in various asset and market investments through ETFs, which track the performance of different indices, commodities, or asset portfolios, providing the advantage of risk diversification and cost reduction.
Through these trading products, Cryptocians Ltd offers clients extensive market access and investment flexibility to meet different trading styles and strategies.
Spreads, Leverage, and Commissions of Cryptocians Ltd:
The official website of Cryptocians Ltd does not provide detailed information about spreads, trading leverage, trading commissions, minimum/maximum trade size, maximum position/order size, margin call/stop-out levels, minimum price precision, or contract sizes regarding trading accounts.
Deposit and Withdrawal Methods of Cryptocians Ltd:
The deposit and withdrawal methods of Cryptocians Ltd are not specifically introduced on its official website. Typically, traders might be able to use various common payment methods to make deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Customer Support of Cryptocians Ltd:
Email: support@cryptciansltd.com
Phone: +1 (209) 789-6786
Conclusion:
Cryptocians Ltd is not regulated or authorized by the UK Financial Conduct Authority (FCA). This lack of regulation could pose a high risk for investors as there is no authoritative body overseeing its operations and financial conduct, increasing the potential for fraud. Given that the company has been listed on the warning list for unauthorized financial services, this further heightens the risk associated with trading with this company. In conclusion, the lack of regulation and the warning record should make potential clients or investors cautious about engaging in any form of financial dealings with Cryptocians Ltd. The company is flagged as "Suspected Fraud" on TraderKnows.
