ANSWER CrudeXcoins is not a licensed or regulated broker even though it states offers that look good to be true. CrudeXcoins claims to be a Switzerland-based broker and is regulated by the Swiss Financial Market Supervisory Authority (FINMA). However, when we searched in FINMA, we only found a warning against CrudeXcoins issued by FINMA for being not registered to provide financial services. You can check the full warning from here.The truth is, CrudeXcoins 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 CrudeXcoins and trade with licensed brokers.
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