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CryptoBinaryTrade

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Operating status: SCAM

Website: https://cryptobinarytrade.vip/

Broker violations and abnormal records
  • 2023-06-11 The US CFTC adds CryptoBinaryTrade to its RED List

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added CryptoBinaryTrade to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added CryptoBinaryTrade to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.
  • 2023-06-12 BrokersView has reviewed that CryptoBinaryTrade is an unregulated broker

    CryptoBinaryTrade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press released by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.

    In essence, CryptoBinaryTrade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    CryptoBinaryTrade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press released by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.In essence, CryptoBinaryTrade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Im not sure about its license. Please help me.

Franklin Rafael Garca
Syria
2023-08-11
ANSWER CryptoBinaryTrade doesn't have any license to offer trading services.CryptoBinaryTrade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied by the CFTC in a press release. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC). However, our search for it in the registers of the aforementioned authorities found no matching records either.In essence, CryptoBinaryTrade is an unlicensed broker posing significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Without regulatory oversight, investors are not protected from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like CryptoBinaryTrade and instead choose a fully regulated one.
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