TheCryptoLimited Review

Is TheCryptoLimited Scam or Legit Broker?

TheCryptoLimited is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

What is TheCryptoLimited?

TheCryptoLimited is a trading provider that claims its transparent real trades and rates through an innovative trading platform and reliable operation. The address of the firm states United Kingdom with the registration name of the company Crypto Consultancy Ltd. However, the facts show that every financial investment firm incorporated in the UK jurisdiction should hold a license from FCA. Since TheCryptoLimited is not a registered firm, even the address might be fake.

• The broker states its several prizes received for innovations, as well as the highest ratings for reliability and trust, and was supposedly Voted best Bitcoin broker in 2017. However, the information doesn’t seem to be true as there is no any mentioning of the official sources or confirmation of the status. In addition, the broker received a warning from a France authority while further, the EU regulators followed an alert, since the broker used heavy advertising tactics to attract potential clients.

  “The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudential et de resolution (ACPR) warn the public about a number of unauthorized online investment services in France for derivatives whose underlying include crypto assets. A list of unauthorized sites offers trading of derivatives without its permission to do so.”

  AMF, France. December 2018.

TheCryptoLimited Review Conclusion

As we recommend to any trader, especially beginner ones choose the broker carefully and ensure that the entity offering regulated services that ensure clients' protection. Scams often fake information they provide, thus the lists of registrations assist in verification through official regulatory websites at all times. In order not to fall under fraud trade only with regulated entities and trading providers.

Choose well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM, eToro (Read about eToro forex broker), and Alpari.

TheCryptoLimited Update

Based on our research, the TheCryptoLimited website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.