ANSWER KRYPTO FM is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.KRYPTO FM claims to be operated by KRYPTO FM Ltd, a company registered with and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 251/17. However, our search for this broker in the register of the CySEC didn't yield any results. This means its claim is a false statement to unsuspecting investors. In addition, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against KRYPTO FM, stating that it is not entered in its commercial register. You can access the full warning by clicking here.With regard to your question, our advice is not to deal with KRYPTO FM since it is an unlicensed broker. Using unlicensed brokers like KRYPTO FM could lead to significant risks such as fraud and identity theft, which could financially and personally devastating. To avoid such risks, investors are suggested to use fully regulated brokers only.
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