criptgalore-trader is a CFD broker with an official domain registered on April 11, 2024. The broker primarily offers investment services for forex, cryptocurrencies, indices, stocks, energy, and commodities, and it does not provide services in countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to its official website, criptgalore-trader (criptgalore-trader.live) was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC) under the entity VLS. However, the broker has not disclosed its company registration details or specific regulatory information.
Upon investigation, it was found that the Australian Securities and Investments Commission (ASIC) does not list any regulated companies under the name "VLS."
Therefore, criptgalore-trader (criptgalore-trader.live) is an unregulated and fraudulent broker website without a corporate entity.
Account Opening Process
The account opening process for criptgalore-trader: Visit the official website, click "Open Account" on the homepage or "SIGN UP" at the top right corner of the page to enter the registration page. Fill in personal information such as name and email address, set a login password, and submit. After verification, the account will be successfully registered.
Trading Instruments:
criptgalore-trader offers clients a variety of 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 currency fluctuations.
- Indices: Index trading enables speculation on the performance of an entire market or a specific sector without trading individual stocks, providing diverse trading opportunities with high leverage for potential gains.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to capitalize on public company price movements and dividends based on the company's performance without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for enthusiasts to profit from the high volatility of digital assets.
Investment Plans
criptgalore-trader offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits Package
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payment Only
- Use Any Broker
Trading Platform
criptgalore-trader offers a self-developed trading platform claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
criptgalore-trader only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that criptgalore-trader is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
