CryptoMusu is an unlicensed Crypto CFD broker that opened in January 2018. They are owned by; Agatha Limited, located at: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. Operated by: Arumas Ways OÜ, Roosikrantsi 2K 157, Tallinn city, Harju county, 10119, Estonia.
Phone number is: +44 203 318 9060, and the email address for problems is: [email protected]сryptomusu.com. Official website: https://cryptomusu.com/
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While reviewing CryptoMusu, we see that they offering only Crypto Currency pair for CFD trading. They offer their investors the simple and easy to use Panda trading platform. It is only available in a web-based version, no desktop or mobile apps available.
Fifteen underlying crypto currencies are available, including the large ones like Bitcoin, Ripple and Ethereum. IOTA, NEM, TRON and EOS are among the smaller crypto coins they offer to trade.
It is important to understand the difference between trading crypto and investing in crypto. When you are using a CFD (Contracts for Difference) broker, you will be trading and looking to profit based on the movement in price. You do not actually own the currency.
Minimum deposit is $250, and the minimum withdrawal is $100.
Crypto Currencies like Forex is considered an investment and financial service which must be regulated by your local governments regulator. The difference between a licensed broker and an unlicensed broker is who will insure your money when the broker goes out of business.
Forex brokers in the United Kingdom are licensed by the FCA, and brokers in Australia are licensed by ASIC.
CryptoMusu is not a licensed broker.
Do you know that you can choose from more than one hundred Forex brokers today? Have a look at these popular regulated brokers.