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Dynasty of Cryptos

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Operating status: SCAM

Website: https://dynastyofcryptos.com/

Broker violations and abnormal records
  • 2023-09-10 BrokersView has reviewed that Dynasty of Cryptos is an unregulated broker

    While Dynasty of Cryptos claims to be based in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA).

    Moreover, Dynasty of Cryptos provides three addresses respectively in German and Switzerland. But our search for this company in the databases of the Federal Financial Supervisory Authority (BaFin) and the Swiss Financial Market Supervisory Authority (FINMA) didn't yield any matching results. This means it does not comply with the regulations in these countries either.

    In essence, Dynasty of Cryptos 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. 

    Dynasty of Cryptos is unequivocally a scam.

    While Dynasty of Cryptos claims to be based in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA).Moreover, Dynasty of Cryptos provides three addresses respectively in German and Switzerland. But our search for this company in the databases of the Federal Financial Supervisory Authority (BaFin) and the Swiss Financial Market Supervisory Authority (FINMA) didn't yield any matching results. This means it does not comply with the regulations in these countries either.In essence, Dynasty of Cryptos 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. Dynasty of Cryptos is unequivocally a scam.
  • 2024-02-25 The CNMV adds DYNASTY OF CRYPTOS to its warning list

    On February 26, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added DYNASTY OF CRYPTOS to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/resultadobusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=2

    On February 26, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added DYNASTY OF CRYPTOS to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/resultadobusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=2

Related Complaints

Q&A

Dynasty of Cryptos is a scam. Right?

CarrDan
Botswana
2023-10-19
ANSWER Given its regulatory status, Dynasty of Cryptos is a scam.Dynasty of Cryptos says it is based in the UK, but there is no evidence that it has a license from the Financial Conduct Authority (FCA).In addition, Dynasty of Cryptos gives three addresses in German and Switzerland. However, we could not find this company in the records of the Federal Financial Supervisory Authority (BaFin) or the Swiss Financial Market Supervisory Authority (FINMA). This means it does not follow the rules in these countries either.Basically, Dynasty of Cryptos has no regulation from any authority. It is very dangerous to trust this broker with investors' money, as there are no legal measures to protect the funds. Without regulatory oversight, investors are exposed to fraud and identity theft, and they cannot find a recourse to defend their interests and recover their money if something goes wrong. Therefore, to avoid such a disaster, we strongly suggest investors stay away from unlicensed brokers like Dynasty of Cryptos and instead choose a fully regulated one.
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