MobileCrypto FX is a forex broker whose official domain was registered on March 1, 2023. It primarily offers investors financial derivatives trading services, including Forex, stocks, indices, energy, metals, and ETF CFDs. The broker does not provide services in jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to publicly available information on MobileCrypto FX's official website, the broker has multiple corporate entities under its umbrella and is regulated by various regulatory bodies. Among these, MobileCrypto FX Ltd has been authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with the license number 1780019. MobileCrypto FX (registration number HRB11677B) is designated as an agent of Ultra Booster Trade Ltd registered with Germany's Federal Financial Supervisory Authority (BaFin). Additionally, the broker has been authorized as an investment dealer by the Financial Services Commission (FSC) of Mauritius on October 2, 2017, under license number C17554381. TVH Ltd is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD0175.
Upon verification of its publicly available information, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin) of Germany, the Financial Services Commission (FSC) of Mauritius, and the Seychelles Financial Services Authority (FSA) did not have regulatory registration information for this broker.
Opening an Account:
To open an account with MobileCrypto FX: Visit the broker's official website and click "SIGN UP FOR FREE" on the homepage or "SIGN UP" on the top right corner of the webpage. Enter personal details such as name and email address, set a login password, and submit. The account can be successfully registered once the application is submitted.
Account Types:
MobileCrypto FX offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose information related to spreads, trading leverage, margin calls/stop out levels, contract sizes, trading commissions, minimum/maximum trading volumes, maximum positions/orders, or minimum price precision.
Trading Platform:
MobileCrypto FX provides users with its proprietary trading platform.
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, with its website design and content identical to those of brokers such as Vedit Luminus, Irex Global Chain, Profit Miner24, Universal FX Trade, TradeWell Exchange, and SwiftPay FX. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
