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MARKET BY CRYPTO TRADE

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Operating status: SCAM

Website: http://www.shopcryptobroker.com/

Broker violations and abnormal records
  • 2023-10-30 The UK FCA issues a warning against MARKET BY CRYPTO TRADE

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against MARKET BY CRYPTO TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-crypto-trade

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against MARKET BY CRYPTO TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-crypto-trade
  • 2023-10-30 BrokersView has reviewed that MARKET BY CRYPTO TRADE is an unregulated broker

    MARKET by Crypto Trade falsely claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Commission for financial services of the Republic of Mauritiusthe (FSC), Financial Sector Conduct Authority (FSCA), as there are no matching records in the registers of both regulators.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MARKET by Crypto Trade, cautioning the public of this unauthorized firm.

    In essence, MARKET by Crypto Trade 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.

    MARKET by Crypto Trade falsely claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Commission for financial services of the Republic of Mauritiusthe (FSC), Financial Sector Conduct Authority (FSCA), as there are no matching records in the registers of both regulators.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MARKET by Crypto Trade, cautioning the public of this unauthorized firm.In essence, MARKET by Crypto Trade 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

Could you please verify if MARKET BY CRYPTO TRADE is a legit broker?

Ferdinand
Kyrgyzstan
2023-08-31
ANSWER MARKET BY CRYPTO TRADE is an unregulated broker and we strongly suggest you avoid the platform.The information provided by MARKET BY CRYPTO TRADE regarding its regulatory status turns out to be false. While it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA), there are no matching records in the registers of both regulators.What's more, the Financial Conduct Authority (FCA) has issued a warning against MARKET by Crypto Trade, saying it is illegally targeting British residents without their authorization.Therefore, BrokersView has concluded that MARKET BY CRYPTO TRADE is a scam. Entrusting the platform with your money or personal information is highly risky, as there are no rules in place to prevent fraud or theft. To safeguard investors' interests, it is advisable to steer clear of unregulated brokers like MARKET BY CRYPTO TRADE and choose a fully regulated one.
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