Updated on February 14, 2024
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Our Review Method
Our Review Method ▲
In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding OriginalCrypto due to the issues we've identified.
Is OriginalCrypto Scam or Legit Broker? ▲
Upon conducting an in-depth analysis, it has become evident that OriginalCrypto fails to meet the criteria of a legitimate brokerage. The absence of any significant licensing is a glaring red flag. It's a well-established principle within the trading community that engaging with non-regulated or offshore entities poses a high risk. Investments made through such channels often result in the inability to recover funds or profits. Hence, it's imperative to steer clear of such firms. We strongly advocate for selecting brokers that are under the regulatory purview of esteemed organizations like the FCA in the UK and ASIC in Australia. Unfortunately, OriginalCrypto does not align with these recommendations, lacking the necessary regulatory oversight, making it an unsafe choice for traders.
Registered in: Bulgaria
Type of License: No License
Is OriginalCrypto safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
OriginalCrypto emerges as a Forex and CFD trading provider, proclaiming its operational base in Bulgaria along with a purported office in Moscow, under the proprietorship of SolutionsCM LTD. The brokerage advertises a suite of over 200 assets characterized by high liquidity, accessible through cutting-edge trading tools and premier execution services. Nonetheless, a thorough examination into OriginalCrypto's legitimacy, regulatory compliance, and operational background yields no concrete evidence of its credibility. The absence of any verifiable link to regulatory authorization or trustworthiness casts a significant shadow over its operations. Alarmingly, the investigation also unveils allegations of fraudulent activity and unfair practices as reported by traders who have engaged with OriginalCrypto. Further compounding the concerns are reports of the company's history of name changes and an official caution issued by CONSOB, Italy, highlighting the risks associated with this broker.
OriginalCrypto positions itself as a conduit for trading Forex and CFDs, boasting a portfolio of high-liquidity assets. The claim of having offices in Bulgaria and Moscow under SolutionsCM LTD is aimed at establishing a semblance of legitimacy. Offering an array of trading tools and promising top-tier execution, OriginalCrypto attempts to appeal to traders seeking diverse trading options. However, our comprehensive review reveals a starkly different reality. The absence of any legitimate regulatory status, combined with a lack of confirmable history and the presence of fraud allegations, paints a grim picture of OriginalCrypto. The broker's past actions, including name changes and the issuance of an official warning by CONSOB, Italy, underscore the potential risks and unethical practices inherent in dealing with OriginalCrypto.
The culmination of our exhaustive investigation into OriginalCrypto underscores a clear recommendation: traders should avoid any interaction or investment with this broker. The cornerstone of successful trading lies in partnering with a reputable and reliable broker, a criterion that OriginalCrypto fails to meet due to its non-regulated status and the absence of a credible license. The landscape of trading is fraught with entities lacking regulatory oversight, often leading to fraudulent outcomes. Therefore, we advocate for choosing brokers that adhere to the stringent regulations of top-tier authorities like the FCA and ASIC. The overall assessment and experience with OriginalCrypto are overwhelmingly negative, reaffirming our stance to recommend against its services.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
OriginalCrypto Review 2024
