For more information about Dynasty of Cryptos Forex Broker company profile, come to WikiBit!
Rating Index
Business
License
Dynasty of Cryptos Company
Dynasty of Cryptos Company: A Comprehensive Review
1. Company Overview
Founding Date and Background
Dynasty of Cryptos is a relatively new player in the online trading landscape, having been established in May 2023. The company presents itself as a cryptocurrency trading platform but has faced serious scrutiny due to its lack of regulatory oversight.
Parent Company/Ownership Structure
Information regarding the parent company or ownership structure of Dynasty of Cryptos remains vague and unclear. There are no publicly available details about the individuals or corporate entities behind its establishment, raising concerns about transparency.
Headquarters Location
Dynasty of Cryptos claims to be headquartered in the United Kingdom, specifically at 150 Minories Tower, London. However, it has also listed multiple addresses in Germany and Switzerland, which complicates its actual operational base.
Global Business Scope
While Dynasty of Cryptos markets itself as a global trading platform, it primarily targets clients in Europe and other regions. However, the lack of regulatory compliance limits its operational credibility and reach.
Main Regulatory Bodies
Dynasty of Cryptos is not regulated by any recognized financial authority, such as the Financial Conduct Authority (FCA) in the UK, the Federal Financial Supervisory Authority (BaFin) in Germany, or the Swiss Financial Market Supervisory Authority (FINMA). This absence of regulation poses significant risks for potential investors.
2. Company History and Development
Key Milestones
Since its inception in May 2023, Dynasty of Cryptos has been marked by controversy rather than significant achievements. The company has been flagged as a scam by multiple financial watchdogs, which has overshadowed its attempts to establish a reputation in the trading community.
Business Expansion Journey
Dynasty of Cryptos has not demonstrated any notable business expansion efforts or strategies. Its operations appear to be limited to online trading without any clear plans for growth or diversification.
Customer Base Growth
Due to its unregulated status and negative reviews, the customer base of Dynasty of Cryptos has likely faced challenges in growth. Many potential clients are deterred by the numerous warnings and red flags associated with the broker.
Platform Development History
The trading platform offered by Dynasty of Cryptos, known as the Dynasty of Cryptos Webtrader, lacks the features and reliability found in industry-standard platforms like MetaTrader 4 or 5. This limitation suggests that the company has not invested adequately in platform development.
Important Awards or Recognitions Received
As of now, Dynasty of Cryptos has not received any notable awards or recognitions within the trading community, further emphasizing its questionable standing in the industry.
3. Trading Services Offered
Forex Trading Options
Dynasty of Cryptos claims to offer forex trading with a variety of currency pairs. However, the exact number of pairs available is not clearly stated, which raises concerns about the transparency of their offerings.
Stock Trading Options
Information regarding stock trading options is also limited. The platform does not provide a comprehensive list of available stocks, making it difficult for potential investors to assess their investment choices.
CFD Trading Products
Dynasty of Cryptos offers Contracts for Difference (CFDs), but the specifics of these products, including the range of assets and associated risks, are not adequately detailed.
Other Financial Instruments
The platform claims to provide access to cryptocurrencies, commodities, and indices. However, due to its lack of regulation and transparency, the actual offerings may not align with what is advertised.
Special Services or Unique Advantages
Dynasty of Cryptos promotes high leverage options of up to 1:500 and fixed spreads as low as 0.2 pips for certain trading pairs. While these features may attract traders, they come with increased risk, especially given the platform's unregulated nature.
4. Regulatory and Legal Background
Detailed Regulatory Information
Dynasty of Cryptos operates without any valid regulatory licenses. It is not recognized by any major financial authority, which raises significant concerns about its legitimacy and the safety of client funds.
Legal Entity Structure by Region
The company claims to operate from the UK but lacks registration with the FCA. The addresses provided in Germany and Switzerland have not yielded any matches in the respective financial regulatory databases, indicating a potential misrepresentation of its operational base.
Client Fund Protection Measures
Given its unregulated status, Dynasty of Cryptos does not offer client fund protection measures, such as segregation of client accounts or compensation schemes. This absence increases the risk for investors.
Countries/Regions Served
While the platform markets itself to clients globally, its lack of regulatory compliance limits its ability to operate legally in many jurisdictions. The primary focus appears to be on the European market.
Compliance History
Dynasty of Cryptos has been flagged as a scam by various financial watchdogs, including the Comisión Nacional del Mercado de Valores (CNMV) in Spain, which has added it to its warning list for operating without authorization.
5. Competitive Landscape
3-5 Main Competitors
Dynasty of Cryptos faces competition from several well-established and regulated brokers, including:
- eToro: Known for its social trading features and regulatory compliance.
- Kraken: A reputable cryptocurrency exchange with a strong security track record.
- Binance: One of the largest cryptocurrency exchanges globally, offering a wide range of trading options.
- Coinbase: A user-friendly platform popular for its regulatory adherence and security measures.
Positioning in the Industry
Dynasty of Cryptos positions itself as a competitive trading platform through high leverage and low spreads. However, its unregulated status severely undermines its credibility and market positioning.
Market Differentiation Factors
While Dynasty of Cryptos promotes unique features such as high leverage and low spreads, these advantages are overshadowed by its lack of regulation and the numerous warnings issued against it. The absence of transparency and customer support further detracts from its competitive standing.
Conclusion
In summary, the Dynasty of Cryptos company presents several red flags that potential investors should consider. Its unregulated status, lack of transparency, and numerous negative reviews indicate a high level of risk associated with trading on its platform. Prospective clients are advised to conduct thorough research and consider more reputable and regulated alternatives for their trading needs.
For those seeking further information or assistance, it is crucial to consult with financial professionals before making any investment decisions. Always prioritize safety and regulatory compliance when choosing a trading platform.