Search

For more information about CryptoGo365 Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

CryptoGo365 Company

  

Cryptogo365 Company Overview

  

Founding Date and Background

  Cryptogo365 was founded in 2021, emerging as a new player in the online trading market. The company aims to provide a comprehensive trading platform that caters to both novice and experienced traders. With a focus on cryptocurrency trading, it has expanded its offerings to include various financial instruments, thus appealing to a diverse clientele.

  

Parent Company/Owership Structure

  Cryptogo365 operates under the umbrella of Cryptogo365 Ltd., which manages the platform's operations and services. The ownership structure is not publicly disclosed, which is common among many online trading platforms, especially those based in offshore jurisdictions.

  

Headquarters Location

  The company is headquartered in Beachmont Business Centre, 297, Kingstown, Saint Vincent and the Grenadines. This location is often chosen by brokers for its favorable regulatory environment and low operational costs.

  

Global Business Scope

  Cryptogo365 aims to serve a global audience, providing trading services to clients around the world. However, it does not accept clients from the United States, which limits its market reach in that region. The platform supports multiple base currencies, enhancing its appeal to international traders.

  

Main Regulatory Bodies

  Currently, Cryptogo365 operates without significant regulatory oversight, as it is registered in an offshore zone. The company holds an offline license, but it is not regulated by major financial authorities such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US. This lack of regulation raises concerns regarding user protection and operational transparency.

  Back to top

  

Company History and Development

  

Key Milestones

  Since its inception in 2021, Cryptogo365 has marked several key milestones. The launch of its proprietary trading platform was a significant step, allowing users to trade a variety of assets seamlessly. The company has also made strides in enhancing its customer support and expanding its trading offerings.

  

Business Expansion Journey

  Cryptogo365 has expanded its services to include a wide range of financial instruments beyond cryptocurrencies, such as forex, stocks, and commodities. This diversification has helped the platform attract a broader audience and adapt to changing market demands.

  

Customer Base Growth

  The company has experienced steady growth in its customer base, aided by its user-friendly platform and a diverse range of trading options. Good reviews on platforms like Trustpilot have contributed to building trust and attracting new clients.

  

Platform Development History

  The development of the Cryptogo365 trading platform has focused on creating a user-friendly interface with advanced trading tools. The platform is available as a web trader and mobile app, ensuring accessibility for traders on the go. The company has continuously updated its technology to enhance performance and security.

  

Important Awards or Recognitions Received

  As a relatively new broker, Cryptogo365 has yet to receive significant industry awards or recognitions. However, its growing reputation among traders suggests that it is carving out a niche in the competitive trading landscape.

  Back to top

  

Trading Services Offered

  

Forex Trading Options

  Cryptogo365 offers a wide range of forex trading options, including over 50 currency pairs. This includes major pairs like EUR/USD and GBP/USD, as well as exotic pairs, allowing traders to execute diverse trading strategies.

  

Stock Trading Options

  The platform provides access to stocks from some of the largest global corporations, including well-known names such as Tesla and Alibaba. This stock trading option allows clients to diversify their portfolios further.

  

CFD Trading Products

  Cryptogo365 allows for the trading of Contracts for Difference (CFDs) on various assets. This enables traders to speculate on price movements without owning the underlying asset, which can enhance trading flexibility.

  

Other Financial Instruments

  In addition to forex and stocks, Cryptogo365 offers a variety of other financial instruments, including:

  • Cryptocurrencies: Traders can access popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
  • Commodities: The platform allows trading in commodities such as gold, silver, and oil, providing further diversification.
  • Indices: Users can trade global market indices, including the S&P 500 and NASDAQ.

  

Special Services or Unique Advantages

  Cryptogo365 provides several advantages, such as high leverage of up to 1:400, which allows traders to amplify their positions significantly. The platform also offers Islamic accounts for Muslim traders, which do not incur swap fees, making it compliant with Sharia law.

  Back to top

  

Regulatory and Legal Background

  

Detailed Regulatory Information

  Cryptogo365 operates without significant regulation, which poses risks for traders. The company is registered in Saint Vincent and the Grenadines and operates under an offline license. However, it lacks oversight from well-known regulatory bodies, which is a crucial factor for many traders when choosing a broker.

  

  The legal structure of Cryptogo365 is primarily based in Saint Vincent and the Grenadines. The lack of a comprehensive regulatory framework in this jurisdiction means that traders may have limited recourse in case of disputes or issues with the broker.

  

Client Fund Protection Measures

  Although Cryptogo365 implements security measures such as SSL encryption to protect client data, the absence of regulatory oversight raises concerns about the safety of client funds. The company claims to use segregated accounts, which is a standard practice to protect client funds from being used for operational expenses.

  

Countries/Regions Served

  Cryptogo365 serves a global clientele, but it does not accept clients from the United States. This limitation is common among many offshore brokers, often due to regulatory concerns in the US.

  

Compliance History

  As a new broker, Cryptogo365 has not yet established a compliance history with regulatory bodies. The lack of regulation means that there are no public records of compliance or infractions, which can be a red flag for potential clients.

  Back to top

  

Competitive Landscape

  

3-5 Main Competitors

  Cryptogo365 faces competition from several established online trading platforms, including:

  • eToro: Known for its social trading features and user-friendly interface.
  • IG Group: A well-established broker with a wide range of trading instruments and regulatory oversight.
  • Plus500: Offers a comprehensive trading platform with a focus on CFDs and forex.
  •   

    Positioning in the Industry

      Cryptogo365 positions itself as a versatile trading platform that caters to both cryptocurrency enthusiasts and traditional traders. Its focus on user experience and accessibility sets it apart from some of its more complex competitors.

      

    Market Differentiation Factors

      Key differentiation factors for Cryptogo365 include:

    • High Leverage: Offering leverage up to 1:400, which is attractive for traders looking to maximize their positions.
    • Islamic Accounts: Providing options for Muslim traders that comply with Sharia law.
    • User-Friendly Platform: The proprietary platform is designed for ease of use, making it accessible for beginners.

      Back to top

      

    Conclusion

      Cryptogo365 is an emerging online trading platform that offers a diverse range of trading services, including forex, stocks, and cryptocurrencies. While the company has made strides in providing a user-friendly experience, its lack of regulatory oversight remains a significant concern for potential clients. As it continues to grow, Cryptogo365 will need to address these regulatory challenges to enhance its credibility and attract a broader audience.

      For more information or to learn more about Cryptogo365, visit their official website at Cryptogo365.