CryptorateFX Ltd. has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. CryptorateFX Ltd. said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: No hidden fees|Dedicated account manager|Low minimum deposit
Cons: Currency conversion fee exists|Search feature is basic
After spending for the past year and a half trying to make CryptorateFX Ltd. work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Intuitive for beginners|Wide product range|Stable platform|Fast deposits
Cons: No phone support on weekends|Help articles are sometimes vague
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CryptorateFX Ltd. is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
What really bothers me about CryptorateFX Ltd. is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Professional team|Demo account available|Wide product range|Multi-currency support
Cons: Help articles are sometimes vague|None so far
After seeing ads for CryptorateFX Ltd. online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Commodity Futures Trading Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Commodity Futures Trading Commission|Cannot verify credentials
For anyone considering CryptorateFX Ltd., please be aware that this company has been flagged by Commodity Futures Trading Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status