BrokersView has Reviewed that Crypto Trade is an Unregulated Broker According to its website, Crypto Trade claims to be regulated by the (ASIC) with License Number 560000, by Cyprus Securities and Exchange Commission (CySEC) with license number 34356, by Financial Sector Conduct Authority (FSCA), and by the Commission for Financial Services of the Republic of Mauritius (Mauritius FSC) under number T21628345. However, there isn't any matching information from these regulators supporting its claim. The truth is that Crypto Trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView has identified that Crypto Trade's website is currently offline BrokersView found that the domain "http://www.shopcryptobroker.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.