CryptoAllDay Review

Is CryptoAllDay Scam or Legit Broker?

It is not safe to trade with CryptoAllDay. It has been suspected as a scam broker. According to the website, CryptoAllDay is located in the Republic of Seychelles with the registered address Suite 19, First Floor, Eden Plaza, Eden, Island, Victoria, PO Box 428, Mahé, Republic of Seychelles. Seychelles is a known offshore zone.

• It is not safe to trade with the offshore zone. Brokers with offshore licenses are not strictly regulated and do not follow certain guidelines and rules. 

What is CryptoAllDay?

CryptoAllDay is a Forex and FX-Crypto trading provider based in Seychelles and managed by the incorporated company  Petrasoul Ltd. The company promises a high potential income from Cryptocurrencies trading through an incredibly flexible trading system with fast execution and the utmost security. With CryptoAllDay diversified account types every сliеnt can dесidе not оnlу their реrfоrmаnсе rеquirеmеnt but аlѕо рrеfеrrеd lеvеl оf risk, as well as trading conditions.

• Even though the offering might seem quite good, we do not advise getting into that trap. First of all, a serious and reliable financial investment firm and trading broker should hold the necessary registration in order to deliver their services. As CryptoAllDay mentions its location in Bulgaria, which is part of the EU, the company should be authorized. However, it is not the case for CryptoAllDay, therefore there are no guarantees that the company is not another fraud.
• In addition, in spite of numerous warnings from world regulators, cryptocurrencies still remain very attractive to potential investors and especially to scammers. As the Crypto industry still not strictly regulated in order not to fall under insolvency and loss of capital, we recommend choosing a broker carefully and considering only those that have been checked previously by the legal authorities. Therefore, traders should consider only firms with specified licenses and check their status through the authority portals.

Overall CryptoAllDay Ranking 

During our research we revealed multiple issues with CryptoAllDay regulations and safety, thus we do not rank positively CryptoAllDay, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• CryptoAllDay Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

CryptoAllDay Alternative Brokers

Based on our finds and issues with the safety of CryptoAllDay here are much better Alternatives to CryptoAllDay with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good for Currency trading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks
• FXTM – Good for Beginners

Deposits and Withdrawals

To open an account with CryptoAllDay, traders need to deposit a minimum of $250 USD. There are two main options for funding: Wire Transfer and Credit Card.

• In order to be able to process withdrawals the trading account should be fully verified within the first 7 days after the first deposit is made.

• The minimum withdrawal for Credit Cards is $100 USD or €100. The minimum of a wire transfer withdrawal is $1000. 

CryptoAllDay Review Conclusion

In the case of CryptoAllDay, the trading they offer is confusing and does not give any trust. To be protected from fraud and doubtful offerings we recommend signing in with a tightly regulated broker.  Check the list of FCA-regulated brokers here. We advise signing in with reliable brokers such as BlackBull Markets, FXGT, and FBS.

• Overall ranking and experience for CryptoAllDay is Negative