Reason to avoid: No License
Listed Date: November 7, 2018
Top 3 Regulated Forex Brokers
Beware CriptoRobot is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
- Registration Address/ License:
Location is not clear. No License, No Regulation.
CriptoRobot offers a vast of investment proposals with a fast gaining potential and an extensive list of crypto instruments through its platform that allows easy trade of cryptocurrencies. That is what the company stating, however, the information on the official website presented very poor while it is not clear what are the trading conditions if there are any safety measures implemented or even what is the trading environment. As there are many “nor very reliable” companies appearing daily and presenting themselves as the best option in the trading world any trader should be very suspicious about the company he plans to trade with.
With our opinion CriptoRobot is not the company to believe in, as in the glance the first issue is their non-regulated status and mislead about the company location, means there is no legal status of the company. And this is just the first alert, furthermore, a general offering is not clear and confusing while the financial world and investment should be sharp and transparent. In addition to the negative reviews from the traders, while the broker mainly targets Spanish speaking population, the Spain authority issued warning to potential clients and advises to stay far from the CriptoRobot. There are plenty of authorized brokers that perform various security measures to provide the best trading offering and of course, it is better to choose a legal broker from UK, Europe or other regulated entity.
“The CriptoRobot entity and persons is not authorized to act in the securities markets and to render the investment services or to perform the activity reserved for collective investment schemes (CIS). Only registered companies have obtained authorization since they have provided proof that they meet certain requirements (sufficient capital, organization and adequate means, etc.) and are subject to supervisory body controls.”