CRYPTOGRAPH Limited

Overview of CRYPTOGRAPH

CRYPTOGRAPH is a brokerage firm based in St. Vincent and the Grenadines. They offer a diverse range of financial instruments, including currency pairs in the forex market. Traders can access major, minor, and exotic currency pairs, providing ample opportunities for trading. The broker employs the popular MetaTrader 5 trading platform, renowned for its user-friendly interface and advanced trading features. With MetaTrader 5, clients can execute trades seamlessly and utilize various analytical tools to enhance their trading strategies. While CRYPTOGRAPH offers a wide selection of markets and a robust trading platform, it's important to consider their jurisdiction and regulatory framework before engaging with the broker.

Is CRYPTOGRAPH legit or a scam？

CRYPTOGRAPH raises questions regarding its regulation and legitimacy due to its registration in St. Vincent and the Grenadines, which is considered a tax haven. While it allows the use of JPY as one of the base currencies and facilitates transfers for Japanese banks, investors may have concerns about the level of oversight and investor protection provided by the regulatory authority in St. Vincent and the Grenadines.

In addition to its registration in St. Vincent and the Grenadines, CRYPTOGRAPH's lack of licenses from recognized financial authorities raises concerns about its regulatory oversight. Without proper supervision and oversight, traders may face increased risks when conducting trades on the platform. The absence of regulatory licenses from reputable financial authorities could impact investor protection and transparency, making it crucial for traders to carefully evaluate the potential risks before engaging in trading activities with CRYPTOGRAPH.

Pros and Cons

CRYPTOGRAPH offers several advantages to traders. Firstly, it provides a wide range of currency pairs, allowing traders to access various forex markets. Secondly, the availability of the Japanese yen (JPY) as a base currency and the option to conduct transfers through Japanese banks make it convenient for Japanese traders. Thirdly, the high leverage of up to 1000 times can attract traders looking for the potential to amplify their profits. Additionally, CRYPTOGRAPH's zero-cut system, which absorbs losses exceeding the margin, can provide some peace of mind during volatile market conditions. Lastly, the MetaTrader 5 platform adoption offers a user-friendly interface and access to advanced trading tools.

There are some drawbacks to consider when trading with CRYPTOGRAPH. Firstly, the absence of educational resources limits the learning opportunities for traders, especially beginners who may require additional support and guidance. Secondly, the registration of CRYPTOGRAPH in St. Vincent and the Grenadines, known as a tax haven, raises concerns about its legitimacy and lack of oversight by recognized financial authorities. Thirdly, the absence of licenses from financial regulators further compounds the risk for traders, as it leaves them without the protection and recourse provided by regulatory oversight. Additionally, customer support availability on weekdays may only be inconvenient for traders requiring assistance during weekends or outside regular business hours. Lastly, the lack of transparency regarding trading fees and the absence of a comprehensive fee structure may lead to confusion or unexpected charges for traders.

Market Instruments

CRYPTOGRAPH offers a diverse range of market instruments to cater to the needs of traders at all levels of expertise. The primary instrument available is Foreign Exchange Transactions (FX), which involves buying and selling foreign currencies to capitalize on price fluctuations and generate marginal profits. Forex trading is particularly attractive due to its accessibility, as it operates 24 hours a day worldwide, allowing investors to trade large amounts of currency with relatively small collateral regardless of time or location. Compared to other investment options, Forex offers an efficient opportunity to increase assets.

With 53 currency pairs on offer, CRYPTOGRAPH covers not only major currency pairs but also includes minor currency pairs composed of exotic currencies. This comprehensive selection provides traders with ample opportunities to diversify their portfolios and explore various market dynamics.

Account Types

CRYPTOGRAPH offers three simple and easy-to-understand account types designed to cater to different trading preferences and experience levels.

The Micro Account is tailored for beginners who want to start trading with a small amount. It requires a minimum deposit of 1,000 yen and offers a wide range of currency pairs, including 52 FX, 19 CFDs, and 38 virtual currencies. Traders can enjoy leverage of up to 1,000 times, with a base currency of JPY (円). The minimum order quantity is 0.01 lots (50 currencies), and the maximum order quantity is 100 lots. There are no transaction fees, and no additional margin is required.

The Standard Account is suitable for traders looking for additional trading bonuses. It also requires a minimum deposit of 1,000 yen and offers the same variety of currency pairs as the Micro Account. Traders can enjoy leverage of up to 1,000 times, with a base currency of JPY (円). The unit price is 1 lot = 100,000 currencies, and the minimum and maximum order quantities are the same as the Micro Account. Like the Micro Account, there are no transaction fees or additional margin requirements.

The Professional Account is designed for traders seeking a narrow-spread trading experience. It requires a minimum deposit of 1,000 yen and offers 52 FX currencies and 4 types of CFDs. Traders can enjoy leverage of up to 500 times, with a base currency of JPY (円). The unit price is 1 lot = 100,000 currencies, and the minimum and maximum order quantities are the same as the other account types. Transaction fees for this account are $9 Round Trip. As with the other accounts, no additional margin is required.

How to open an account in CRYPTOGRAPH？

To begin your trading journey with CRYPTOGRAPH and open a real account, simply follow these easy step-by-step instructions:

1. Visit the CRYPTOGRAPH website and click on the “Account Opening” button to open a real account.

2. Fill in the form with your personal information, including your country of residence, Romanized surname, middle name (if applicable), Romaji name, dial code, telephone number, date of birth, and gender.

3. Provide your address information, including the prefecture, municipality, address, building name (if applicable), and postal code.

4. Complete the account information section by selecting the account type (Standard) and base currency (JPY).

5. Complete the registration process by submitting the form and wait for verification confirmation from CRYPTOGRAPH.

Spread and Commission Fees

CRYPTOGRAPH offers variable spreads with different widths depending on the account type and market instrument. The spread ranges from a few pips to several thousand pips. For example, in the Forex market, major currency pairs like EURUSD have an average spread of around 0.0065 pips, while precious metals like XAUUSD (Gold) have an average spread of around 0.0189 pips. Cryptocurrencies like BTCUSD (Bitcoin) can have spreads ranging from 0.0280 pips to 0.0469 pips. CRYPTOGRAPH ensures transparent communication of all costs, including the specific spread values, without any hidden fees.

CRYPTOGRAPH offers competitive swap rates for overnight positions, providing clients with a potential advantage in the market. There are no commission fees associated with swap points, allowing traders to potentially generate daily profits. Overnight positions are held when anticipating minimal price movements, taking advantage of the 24-hour nature of the FX market. Swap points are earned based on the interest rate differential between currencies, and they are generated daily from the next business day onwards. This feature allows traders to explore additional profit opportunities within their trading strategies.

Leverage

Leverage plays a significant role in the trading operations offered by CRYPTOGRAPH. The platform allows users to harness the power of leverage to amplify their trading potential in the cryptocurrency market. With leverage, traders can operate with a fund amount that exceeds their initial investment, enabling them to control larger positions and potentially maximize their profits, up to 1:1000. It is important to note that while leverage offers the possibility of significant gains, it also entails higher risk. Trading with higher leverage increases the potential for substantial losses.

However, CRYPTOGRAPH has implemented a 0-cut system, which provides an additional layer of security and peace of mind to its customers. Even in the event of a forced loss cut resulting in a negative margin balance, there is no requirement for additional calls or deposits. This feature ensures that traders can engage in leveraged operations with confidence, as the risk is mitigated, allowing them to pursue their investment strategies with reduced exposure to potential losses.

Trading Platform

CRYPTOGRAPH offers the MetaTrader 5 (MT5) trading platform, which is suitable for traders of all levels, including beginners. With MT5, users can access free charting software, trade directly from the charts, and enjoy fast order confirmation through direct access to STP/ECN markets. The platform also supports the development of custom indicators and automated trading systems using the MQL5 language.

To start using MT5, traders can easily download the platform from CRYPTOGRAPH's website and access detailed information about its features, functionality, and available tools. Whether trading on a Windows PC, iPhone, iPad, or Android device, MT5 provides a seamless and consistent trading experience across various operating systems.

Deposit & Withdrawal

CRYPTOGRAPH offers clients the flexibility to choose between two convenient methods for deposits and withdrawals. With Bank Transfers, clients can deposit funds from Japanese banks, and these deposits are typically reflected in the account within 2 to 3 hours on business days. Similarly, Virtual Currency payments are accepted, providing a swift reflection time for transactions.

When it comes to fees, CRYPTOGRAPH applies a 1,000 yen handling fee for deposits and withdrawals below 50,000 yen, ensuring a smooth process for smaller transactions. However, for amounts equal to or exceeding 50,000 yen, no handling fee is charged, allowing clients to efficiently manage their funds. Additionally, CRYPTOGRAPH provides a fee-free option for virtual currency deposits, further enhancing the accessibility and convenience of its services.

Customer Support

CRYPTOGRAPH offers customer support services to assist clients with their inquiries. Clients can reach out to the support team via email at info@CRYPTOGRAPH.finance. Customer support is available on weekdays from 09:00 to 22:00, Japan time. Clients can also utilize the inquiry form, where they can fill out the necessary details. The dedicated support team will respond to inquiries within 24 hours.

Educational Resources

Currently, CRYPTOGRAPH does not offer dedicated educational resources such as tutorials, courses, or learning materials. While the platform primarily focuses on providing trading services, it can only encourage clients to explore external educational sources to expand their understanding of the financial markets and trading strategies.

Conclusion

CRYPTOGRAPH is a forex broker that offers a wide range of trading services to investors worldwide. They provide a variety of currency pairs, with the Japanese yen (JPY) as a base currency and the convenience of transfers through Japanese banks. One notable feature is the high leverage of up to 1000 times, allowing traders to amplify their positions. They also employ a zero-cut system to absorb losses exceeding the margin, providing a level of risk management. The adoption of the user-friendly MetaTrader 5 platform enhances the trading experience for users.

However, it is important to note that concerns have been raised regarding the legitimacy and transparency of this broker. Registered in St. Vincent and the Grenadines, known as a tax haven, and the lack of financial licenses and oversight raise questions about regulatory compliance. Additionally, the absence of educational resources and limited customer support availability may impact the overall trading experience. Traders should carefully consider these factors before engaging with this broker.

FAQs

Q: What is the regulatory status of CRYPTOGRAPH？

A: CRYPTOGRAPH is registered in St. Vincent and the Grenadines, which may raise concerns about regulatory oversight, and is currently unable to provide a valid license from any financial authorities.

Q: What is the maximum leverage offered by CRYPTOGRAPH？

A: CRYPTOGRAPH offers high leverage of up to 1000 times, allowing traders to amplify their trading positions.

Q: What trading platform does CRYPTOGRAPH use？

A: CRYPTOGRAPH adopts the MetaTrader 5 (MT5) trading platform, known for its user-friendly interface and advanced trading features.

Q: What types of customer support are available at CRYPTOGRAPH？

A: CRYPTOGRAPH offers customer support services via email and an inquiry form on its website.

Q: What are the different account types offered by CRYPTOGRAPH？

A: CRYPTOGRAPH provides three types of trading accounts: Micro Accounts, Standard Accounts, and Professional Accounts.