A regulator warning has been issued by Canadian authorities against Crypto Choice in September 2023
If you are looking for a reliable and trustworthy broker to trade cryptocurrencies, you might have come across Crypto Choice Broker. This platform claims to offer a variety of crypto trading services, such as low spreads, fast execution, high leverage, and access to over 100 digital assets. But is Crypto Choice Broker legit or scam? In this review, we will examine the features, pros and cons, and reputation of this broker to help you make an informed decision.
Features of Crypto Choice Broker
Crypto Choice Broker is a web-based platform that does not require any downloads or installations. You can access it from any device with an internet connection and a browser. The platform has a user-friendly interface that is easy to navigate and customize. You can choose from different chart types, indicators, time frames, and trading tools to analyze the market and execute your trades.
Crypto Choice Broker offers a range of crypto trading services, such as:
- Low spreads: The broker claims to offer competitive spreads on all crypto pairs, starting from 0.1 pips.
- Fast execution: The broker claims to have a fast and reliable order execution system that ensures no delays or slippage.
- High leverage: The broker allows you to trade with up to 1:100 leverage on crypto pairs, which means you can amplify your profits or losses with a small amount of capital.
- Access to over 100 digital assets: The broker offers a wide selection of crypto pairs, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and many more. You can also trade CFDs on stocks, indices, commodities, and forex.
- Demo account: The broker provides a free demo account for you to practice your trading skills and test the platform without risking any real money.
- Customer support: The broker has a dedicated customer support team that is available 24/7 via phone, email, or live chat.
Pros and Cons of Crypto Choice Broker
- User-friendly web-based platform
- Low spreads on crypto pairs
- High leverage on crypto pairs
- Access to over 100 digital assets
- Free demo account
- 24/7 customer support
- No regulation or license
- No MT4 or MT5 integration
- No educational or research materials
- No deposit or withdrawal methods disclosed
- No information about fees or commissions
Is Crypto Choice Broker legit or scam?
The most important factor to consider when choosing a broker is its regulation and license. A regulated broker is subject to strict rules and oversight by a reputable authority that ensures the safety and security of your funds and personal data. A licensed broker also provides a level of protection and compensation in case of any issues or disputes.
Unfortunately, Crypto Choice Broker does not provide any information about its regulation or license on its website or terms and conditions. This means that the broker is operating illegally and without any accountability. This also means that you have no recourse or guarantee if the broker fails to honor your withdrawals, closes your account, or runs away with your money.
Therefore, we conclude that Crypto Choice Broker is a scam broker that should be avoided at all costs. There are many other legitimate and regulated brokers that offer crypto trading services with better features and security. We advise you to do your own research and due diligence before investing your money with any broker.
What to Do If You’ve Lost Money with Crypto Choice?
If you have been scammed by Crypto Choice or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.