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KRYPTO FM

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Operating status: SCAM

Website: https://www.krypto-fm.com/

Broker violations and abnormal records
  • 2023-04-20 The Swiss regulator FINMA issued a warning against KRYPTO FM

    On April 21, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against KRYPTO FM, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/krypto-fm-ltd/

    On April 21, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against KRYPTO FM, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/krypto-fm-ltd/
  • 2023-04-26 BrokersView has reviewed that KRYPTO FM is an unregulated broker

    KRYPTO FM claims to be operated by KRYPTO FM Ltd, a company registered with and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 251/17. However, our search for this broker in the register of the CySEC didn't yield any results. This means its claim is a false statement to unsuspecting investors. In addition, the FINMA has issued a warning against KRYPTO FM, stating that it is not entered in its commercial register.

    In essence, KRYPTO FM 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.

    KRYPTO FM claims to be operated by KRYPTO FM Ltd, a company registered with and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 251/17. However, our search for this broker in the register of the CySEC didn't yield any results. This means its claim is a false statement to unsuspecting investors. In addition, the FINMA has issued a warning against KRYPTO FM, stating that it is not entered in its commercial register.In essence, KRYPTO FM 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

I've found some bad reviews about KRYPTO FM. Are they true? I don't know. Could you please tell me whether I should trade with it or not?

micha
Georgia
2023-05-08
ANSWER KRYPTO FM is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.KRYPTO FM claims to be operated by KRYPTO FM Ltd, a company registered with and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 251/17. However, our search for this broker in the register of the CySEC didn't yield any results. This means its claim is a false statement to unsuspecting investors. In addition, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against KRYPTO FM, stating that it is not entered in its commercial register. You can access the full warning by clicking here.With regard to your question, our advice is not to deal with KRYPTO FM since it is an unlicensed broker. Using unlicensed brokers like KRYPTO FM could lead to significant risks such as fraud and identity theft, which could financially and personally devastating. To avoid such risks, investors are suggested to use fully regulated brokers only.
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