Review of the KrystalsTrade Broker
The company KrystalsTrade prides itself on its extensive geographical coverage, claiming that traders from 196+ countries work with them. It promises assistance to both experienced professionals and beginners. However, before collaborating, it is worth carefully studying information about this broker. This is where we will help you.
Interesting Facts about KrystalsTrade
The company KrystalsTrade is quite restrained in providing information about its history. There is no information on the platform about the date when the company started its operations, no roadmap, statistics, or data about the leadership. Despite this, the company claims its successful participation on the international stage and multilingual support 24/7 in over 30 languages.
Upon further investigation, we found that the company KrystalsTrade was only established in May 2022, which does not bode well for reliability and stability. There are also issues with contact channels as the office addresses in Canada and Russia are not confirmed by actual operating organizations.
In addition, the phone number and email provided on the website turned out to be fake.
Legal Situation
The company KrystalsTrade hides its location and the existence of a license. On the website, you can only find a User Agreement that does not contain information indicating the legal compliance of the broker’s operations. If the company had offices in Canada and Russia, registration and licensing from the regulators of these countries would be required; however, such information is not found. KrystalsTrade is absent from the regulators’ registries.
The broker is active in the Russian market but does not have a license from local regulators. By registering on this platform, you are leaving yourself without legal protection.
Earning Opportunities with KrystalsTrade
KrystalsTrade offers trading with over 200 instruments, including Forex currency pairs, CFDs on commodities, stock indices, metals, energy sources, and stocks. The broker does not provide complete information about its tariffs, and the minimum entry requirements are not specified. Some features include:
- No commissions,
- Spreads from 0.1 pips,
- Client fund insurance,
- Best prices,
- AnyDesk for remote learning,
- Autochartist tool,
- VPS services.
Customer reviews indicate that the platform accepts deposits, but fund withdrawal is difficult. The company does not disclose rules for fund withdrawal, available payment methods, and commissions.
Reviews about KrystalsTrade
Considering the recent appearance of the company on the market and the small number of reviews, which are scarce, it can be confidently stated that most of them confirm the dishonest practices of KrystalsTrade. People do not recommend investing through this brokerage company.
What do you think about KrystalsTrade? Share your opinion and experience to help other traders avoid losses and share truthful information.
Fraud Scheme
Charlatans persuade traders to install remote access software. Such software is often used for training in reputable companies, but here, the goal of scammers is to gain access to the user’s account and funds. As a result, scammers can lure the deposit, steal confidential data, or gain access to the user’s online banking.
After this, clients are left with only leaving negative reviews and warning others of this danger. Retrieving their funds will be extremely difficult, as the company is fictitious and exists only online.
Conclusion
KrystalsTrade is not deserving of trust. It is not worth risking your funds by trusting them to financial scammers. It is better to look for a reliable broker. Remember, before investing, it is important to check the legal documentation and reviews from other users.
KrystalsTrade offers a variety of trading options and has efficient customer service, however, user experience may vary based on individual trading knowledge and strategies.