CRYPTOGRAPH Overview
CRYPTOGRAPH Is A Saint Vincent And The Grenadines-based Forex Broker That Offers Global Investors A Wide Range Of Financial Instruments, Including Forex, Contracts For Difference (CFDs), And Virtual Currency Trading. The Broker Features Its Wide Selection Of Currency Pairs, High Leverage, Zero-truncation System, And Metatrader 5 (MT5) Platform, Providing Traders With Diverse Trading Opportunities. However, Its Domicile And Regulatory Framework Raise Concerns About Legality And Transparency.
Products & Services
- Currency Pair Trading
CRYPTOGRAPH Offers 53 Currency Pairs, Covering Major Currency Pairs (e.g. EUR/USD, USD/JPY), Minor Currency Pairs, And Exotic Currency Pairs, Meeting The Needs Of Different Traders. The Japanese Yen (JPY) Is Its Base Currency, And It Also Supports Transfer Services Through Japanese Banks, Providing Convenience For Japanese Traders.
- Contracts For Difference (CFDs)
Offers CFD Trading Of Stocks, Indices And Commodities Such As Gold, Crude Oil, Allowing Investors To Profit From Price Fluctuations.
- Virtual Currencies
Offers Trading Of 38 Virtual Currencies Such As Bitcoin (BTC) And Ethereum (ETH).
Account Types
CRYPTOGRAPH Offers Three Account Types To Meet The Needs Of Different Traders:
- Micro Account
Suitable For Beginners With A Minimum Deposit Of 1,000 Yen.
52 Forex, 19 CFDs And 38 Virtual Currencies Are Available.
Up To 1,000x Leverage, No Trading Fees, No Additional Margin Requirements.
- Standard Account
Designed To Suit All Traders, With The Same Minimum Deposit Of 1,000 Yen.
Offers The Same Product Selection As Micro Account.
Up To 1,000x Leverage, No Trading Fees, And No Additional Margin Requirements.
- Professional Account
Designed For Investors Looking For Narrow Spreads.
Offers 52 Forex And 4 CFDs.
Up To 500x Leverage, Transaction Fee Is $9 Round Trip, No Additional Margin Requirement.
Advantages
- Wide Selection Of Currency Pairs
Offers Trading On Major, Minor And Exotic Currency Pairs, Providing Investors With Diverse Trading Opportunities.
The Japanese Yen (JPY) As The Base Currency
Offers Japanese Traders A Convenient Transfer Service, Supporting The Deposit Of Funds Through Japanese Banks.
- High Leverage
Provides Leverage Up To 1,000x, Amplifying The Trading Potential, But Be Aware Of The High Risks That Come With High Leverage.
- Zero Truncation System
Provides A Degree Of Risk Management By Eliminating The Need For Clients To Top Up Their Margin In The Event Of Significant Losses In Trading.
- Metatrader 5 (MT5) Platform
Provides A User-friendly Interface, Advanced Analytical Tools And Seamless Trade Execution, Supporting Multi-platform Operations (Windows, IOS, Android).
Disadvantages
- Lack Of Educational Resources
CRYPTOGRAPH Does Not Offer Specialized Educational Content (e.g. Tutorials, Courses), Which May Be Detrimental To Novice Traders.
- Registration And Regulatory Issues
- Limited Customer Support
- Lack Of Transparency In Trading Fees
Although Registered In St. Vincent And The Grenadines, The Region Is Known As A "tax Haven" And CRYPTOGRAPH Lacks A License Issued By A Well-known Financial Regulator, With Limited Levels Of Investor Protection.
Customer Support Is Only Available On Weekdays And May Be Difficult To Meet The Needs Of Traders On Weekends Or During Non-working Hours.
Wide Spread Ranges And Unclear Structure Of Trading Fees Can Lead To Confusion Among Traders About Costs.
Spreads Vs. Leverage
Spreads: Spreads Can Range From A Few Pips To Several Thousand, Depending On Account Type And Trading Instrument. For Example, The Average Spread For EUR/USD Is Around 0.0065 Pips, For Gold (XAU/USD) It Is Around 0.0189 Pips, And For Bitcoin (BTC/USD) It Ranges From 0.0280 Pips To 0.0469 Pips.
Leverage: Standard And Micro Accounts Offer Up To 1,000 Times Leverage, While Professional Accounts Offer 500x Leverage. While Leverage Can Amplify Profits, It Also Increases The Risk Of Losses.
Trading Platform
CRYPTOGRAPH Uses The Metatrader 5 (MT5) Platform, Which Supports Direct Trading, Technical Analysis, And Automated Trading Systems (via The MQL5 Programming Language). MT5's User-friendly Interface And Powerful Features Make It Suitable For All Levels Of Traders, Including Novice And Professional Investors.
Deposit And Withdrawal
Deposit Method: Supports Bank Transfer (Bank Of Japan) And Virtual Currency Transfer.
Withdrawal Time: Usually Arrives Within 2-3 Hours Within Working Days.
Fee: Deposit And Withdrawal Handling Fee Under 50,000 Yen Is 1,000 Yen; Handling Fee Is Free For Amounts Of 50,000 Yen And Above. Virtual Currency Deposit Is Free.
CUSTOMER SUPPORT
CRYPTOGRAPH Provides Email Support (info@cryptograph.finance) And An Online Inquiry Form. Customer Support Hours Are From 09:00 To 22:00 Japan Time On Weekdays, But Inquiries On Weekends Or Off-hours May Take Longer To Process.
SUMMARY
CRYPTOGRAPH Offers Traders The Advantages Of Diverse Trading Tools And High Leverage, While Enhancing The Trading Experience With A Zero-truncation System And MT5 Platform. However, Regulatory Environments And Lack Of Educational Resources In Its Domicile May Adversely Affect Investor Protection And Trading Experience. Therefore, Traders Should Carefully Evaluate Latent Risk Before Choosing This Broker.
