MobileCrypto FX is a cryptocurrency broker registered on its official website on November 27, 2023. The broker mainly offers users a wide range of trading markets through its proprietary trading platform and mobile applications, including forex, stocks, indices, energy, metals, cryptocurrencies, and ETF contracts for difference.
Corporate Registration Information and Regulatory Status:
Public information on the official website of MobileCrypto FX reveals that the broker comprises multiple corporate entities and is regulated by several regulatory bodies. MobileCrypto FX Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 1780019. MobileCrypto FX (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, the broker was authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer on October 2, 2017, regulated under license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
However, upon verifying the public information on its website, the Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Mauritius Financial Services Commission (FSC), and Seychelles Financial Services Authority (FSA) do not have regulatory registration information for this broker.
Account Opening:
To open an account with MobileCrypto FX: visit the broker's official website, click "SIGN UP FOR FREE" on the homepage, or "SIGN UP" at the top right corner of the page to enter the account registration page. Fill in personal information such as name, email address, set a login password, and submit. Once submitted, the account registration will be successful.
Account Types:
MobileCrypto FX offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, the broker's official website does not disclose information related to spreads, trading leverage, margin requirements for stop-loss/additional margin, contract size, trading commissions, minimum/maximum trading volume, maximum positions/orders, and minimum price accuracy.
Trading Platform:
MobileCrypto FX offers a proprietary trading platform for its users.
Deposits and Withdrawals:
MobileCrypto FX supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that MobileCrypto FX is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of Ichimoku Forex Scalping, Finance Global Market, Primephasers Trade, BTC Mint Asic, Koinfx Trade, Capital Teamfx, and other brokers. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
