In this section we will analyze the broker BrokerCryptoF1, is a broker of Forex, CFDs, Binary Options, and as if that were not enough, also cryptocurrencies. Is BrokerCryptoF1 really recommended to make an investment? Or is it better not to invest with this company?
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Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: TRADE MARKETS GLOBAL CORP, although in the English version of the website it mentions CASA DE GENERAL OPTIONS LTD and Bitcoin Co. Ltd.
As to its location, The broker mentions being based in: they mention being based in Madrid, Spain, although in the terms and conditions they mention being based in the Marshall Islands, so it is not very clear.
If we analyze the regulation of the broker: because BrokerCryptoF1 mentions being a regulated broker, but does not indicate with whom it is regulated, nor the regulation number to verify this, everything indicates that it is a NON-REGULATED broker.
If now we go on to analyze account types offered by BrokerCryptoF1, we note that it offers 4 types of account: the Classic Account, the Bitcoins Investment Account, the TotalCrypto Investment Account and the TotalInfinityCryptoworld Account.
Classic Account: Minimum initial deposit of $ 250, 5% monthly return, no commissions, no withdrawal fees.
Bitcoins Investment Account: minimum initial deposit of $ 1.000, 7% monthly return, no commissions, no withdrawal fees.
TotalCrypto account: Minimum initial deposit of $ 5.000, 10% monthly return, no commissions, no withdrawal fees.
TotalInfinity Account: Minimum initial deposit of $ 25.000, 15% monthly return, no commissions, no withdrawal fees.
You can see even more features about the account types of the broker BrokerCryptoF1 (click aqui to see the image in full size) in the following image:
HR platforms to operate that BrokerCryptoF1 offers are: we believe that the BrokerCryptoF1 itself, since it does not specify it.
We will now analyze the different resources and aids for the trader that BrokerCryptoF1 provides on its website.
BrokerCryptoF1 provides the following help or resources to traders or interested parties: live charts on cryptocurrencies, explanation about the different products that the broker offers, explanation of some basic concepts of the world of trading, some news about financial events of interest, cryptocurrency calculator . It should be noted that some resources are in English.
Other information about BrokerCryptoF1
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 34910479716 and 34935227667
Email address: [email protected]
>>> Rating on BrokerCryptoF1 <<
Ending with this section, in our opinion Do we believe that the company BrokerCryptoF1 is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it mentions being based in Madrid, but then in the Marshall Islands, it contradicts itself, it also contradicts itself when mentioning which company it belongs to, when looking for other reviews about the company, it has not been possible to find nothing, which would indicate that it is a "new" company, it is an unregulated company.
March 2019 update: the CNMV (Spanish regulatory body) has issued a warning against the broker BrokerCryptoF1
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