The Cyprus CySEC Added CryptoBanxaTrade into Its Warnings On 27 April 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b7da398a-de7a-4575-a7df-81294e21d8b0

BrokersView has Reviewed that CryptoBanxaTrade is an Unregulated Forex Broker CryptoBanxaTrade claims to be located in the UK. As per United Kingdon's laws, this broker shall obtain the forex license from the United Kingdom Financial Conduct Authority (UK FCA) to provide forex services. However, we did not find any results that matched this broker in UK FCA. That means CryptoBanxaTrade is not authorized by UK FCA.CryptoBanxaTrade also claims to be regulated by the Belize Financial Services Commission (Belize FSC or IFSC) and Cyprus Securities and Exchange Commission (CySEC). We did not find any matching results in Belize FSC so the broker is not regulated in Belize. Moreover, we found a warning against CryptoBanxaTrade in CySEC. The Cyprus regulator warned the public that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services.The truth is that CryptoBanxaTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

The US CFTC adds CryptoBanxaTrade to its RED List On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added CryptoBanxaTrade to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

BrokersView has identified that CryptoBanxaTrade's website is currently offline BrokersView found that the domain "https://cryptobanxatrade.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.

Does BPS offer MT4 platform? CryptoBanxaTrade is not a licensed or regulated broker even though it states offers that look good to be true. CryptoBanxaTrade claims to be located in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to CryptoBanxaTrade in FCA.CryptoBanxaTrade also claims to be regulated by the Belize Financial Services Commission (Belize FSC) and Cyprus Securities and Exchange Commission (CySEC). But we did not find any matching results in Belize FSC.Moreover, we found a warning against CryptoBanxaTrade issued by CySEC. The Cyprus regulator warned the public that CryptoBanxaTrade does not belong to an entity that has been granted authorization for the provision of investment services. You can check the full warning from here.The truth is, CryptoBanxaTrade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like CryptoBanxaTrade and trade with licensed brokers. View Source