CrispFinances is a forex broker that was officially registered on August 1, 2022. The company primarily offers financial trading services, including forex, metals, indices, futures, contracts for difference (CFDs), energy, stocks, bonds, cryptocurrencies, and commodities, to investors globally.
Corporate Registration Information and Regulatory Status:
The broker's official website indicates that CrispFinances holds a license issued by the Cyprus Securities and Exchange Commission with license number 105/12. Additionally, the broker is regulated by the International Financial Services Commission of Belize, with license numbers IFSC/60/385/TC and IFSC/60/315/AEM.
On its license and regulatory page, CrispFinances is registered with the Cyprus Securities and Exchange Commission under the entity name CrispFinances Limited, holding license number 124/10. CrispFinances Limited also possesses an IFSC license with the number IFSC/60/354/TS/18. The broker's registered entity in the United Kingdom is CrispFinances UK Ltd, regulated by the Financial Conduct Authority (FCA) with license number 705428. In Australia, CrispFinances Pty Ltd is the registered entity with an ASIC-issued financial services license, number 443670.
However, upon investigation, it has been found that the content on the CrispFinances official website appears to be plagiarized and altered. The information provided corresponds to multiple different brokers' registration and regulatory details. None of the regulatory platforms mentioned by the broker, including "cryptorangefxt," could be verified. Moreover, similarities have been noted between CrispFinances and other broker websites, such as BitPrimeOption, Cryptoresol, cryptorangefxt, and others.
Account Opening:
To open an account with CrispFinances, visit the broker's official website, click on "Create Account" in the top left corner, and complete the account registration form. However, during the actual registration process, it was observed that a referral is required to submit the account registration form.
Account Types:
CrispFinances offers users four different types of real trading accounts: Basic Account, Classic Account, Standard Account, and Premium Account.
- Basic Account: This account requires a minimum deposit of $1,000 to $3,000, with a spread of 3%. The Return on Investment (ROI) duration is 10 days, with a stop-loss level set at 50%. It provides negative balance protection and rollover services but does not offer financial plans or risk management plans.
- Classic Account: With a minimum deposit requirement of $3,000 to $5,000, the Classic Account has a spread of 5%. The ROI duration is 10 days, with a stop-loss level set at 50%. Similar to the Basic Account, it offers negative balance protection and rollover services without providing financial plans or risk management plans.
- Standard Account: The Standard Account necessitates a minimum deposit of $5,000 to $10,000, with a spread of 7%. The ROI duration is 10 days, and the stop-loss level is set at 50%. It offers negative balance protection and rollover services but does not include financial plans or risk management plans.
- Premium Account: Designed for larger deposits, the Premium Account requires a minimum deposit of $10,000 to $20,000, with a spread of 10%. The ROI duration is extended to 30 days, and the stop-loss level is set at 50%. In addition to negative balance protection and rollover services, the Premium Account includes financial plans and risk management plans.
Trading Platform:
CrispFinances provides users with its proprietary trading platform, CrispFinances Web Trader.
Deposits and Withdrawals:
CrispFinances supports users in making deposits and withdrawals through methods such as bank transfers, debit and credit cards, online cards, and electronic wallets.
Summary:
Traderknows warns investors that CrispFinances, along with brokers such as BitPrimeOption, Cryptoresol, cryptorangefxt, xtbcrptotrading, Elitesurefinance, Trust Icome, mexcinvestment, CRYPTO BINARY TRADE, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, IBES TRADING FX, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, and others, are fraudulent platforms that have plagiarized registration and regulatory information from various legitimate brokerage brands. It is recommended to choose trading platforms that are transparent, robust, and have a good reputation to avoid unnecessary financial losses. Currently, this broker has been marked as a "Ponzi scheme" on Traderknows.
