ANSWER Cryptozoption would pose significant risks like financial losses and identity theft out of its fraudulent nature. Therefore, we strongly suggest you drop the plan to join or invest with the platform.The website of Cryptozoption displays a business certificate issued by the US Registrar of Business, under company name "Activetradechoice". Weirdly, at the bottom of their homepage lies another company name "Cryptozoption LTD". Such a contradictory situation raises significant concerns about its authenticity. In an attempt to appear legitimate, it claims to have been registered in the US. However, we searched the register of National Futures Association (NFA) but failed to find any record matching the broker, suggesting that it operates outside the regulatory framework. The same goes with its claim that it is a Australian Securities and Investments Commission (ASIC) licensed broker. No data from the ASIC can support it.More importantly, since this broker also solicits British investors, the Financial Conduct Authority (FCA) has issued a warning against Cryptozoption, cautioning the public of this unauthorized firm.In essence, Cryptozoption is an unregulated broker having drawing a financial watchdog's warning. We strongly suggest investors avoid unregulated brokers like Cryptozoption as their funds and personal information in the platform are not protected. Choose a fully regulated counterpart is better.
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