CrescoFX Review 2024
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| Trade stocks, forex and commodities on the CrescoFX platform & MT4 app. | ||
CrescoFX is broker that offers traders Forex, CFDs, indices, shares, commodities, cryptocurrencies. CrescoFX allows traders to use the MetaTrader 4 trading platform, but unfortunately not MetaTrader 5 at this point.
In terms of features offered to traders, CrescoFX has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.
CrescoFX also gives traders access to 2 cryptocurrencies: BTC and ETH.
CrescoFX is regulated by the FCA here in the UK. The FCA is known to be a strong and dependable regulator, which should reassure traders that their funds are safe.
CrescoFX Summary
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
CrescoFX is #93 in our rankings of CFD brokers.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✓ Yes |
| Min. Deposit | $1000 |
| Min. Trade | 0.01 Lots |
| Regulated By | FCA |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
| Commodities |
|
CFD Trading
Buy and sell online CFDs on the markets.
| Leverage | 1:30 |
|---|---|
| FTSE Spread | Floating |
| GBPUSD Spread | Floating |
| Oil Spread | Floating |
| Stocks Spread | Floating |
Forex Trading
Trade over a dozen currencies with leverage.
| GBPUSD Spread | Floating |
|---|---|
| EURUSD Spread | Floating |
| EURGBP Spread | Floating |
| Assets | 17 |
Cryptocurrency Trading
Trade on the world's largest two cryptocurrencies.
| Spread | Variable |
|---|---|
| Coins | BTC, ETH |
Payment Methods
CrescoFX accepts the following payment methods:
FAQ
Is CrescoFX Safe?
In our review we gave CrescoFX a low trust score of 35%, which means that traders should try things out before they deposit any larger amounts. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does CrescoFX Accept PayPal?
No, CrescoFX does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is CrescoFX Halal?
Probably not, as CrescoFX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does CrescoFX support?
CrescoFX only supports the MetaTrader 4 trading platform at this time.
Is CrescoFX Regulated in the UK?
Yes, CrescoFX is regulated by the FCA here in the UK.
Is CrescoFX Regulated?
Yes, CrescoFX is regulated by FCA. Being regulated by the FCA is the best possible case for UK traders.
Top 3 CrescoFX Alternatives
These brokers are the most similar to CrescoFX:
- IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- XTB - Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
- CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
CrescoFX Feature Comparison
| CrescoFX | IG Index | XTB | CMC Markets | |
|---|---|---|---|---|
| Rating | 1.4 | 4.7 | 4.8 | 4.7 |
| Markets | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities |
| Minimum Deposit | $1000 | $0 | $0 | $0 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | FCA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM | FCA, CySEC, KNF, DFSA, FSC | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Bonus | - | - | - | - |
| Education | No | Yes | Yes | Yes |
| Platforms | MT4 | MT4 | - | MT4 |
| Leverage | 1:30 | 1:30 (Retail), 1:222 (Pro) | 1:30 | 1:30 (Retail), 1:500 (Pro) |
| Visit | 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% -83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
69% of retail CFD accounts lose money. |
|
| Review | CrescoFX Review |
IG Index Review |
XTB Review |
CMC Markets Review |
Trading Instruments Comparison
| CrescoFX | IG Index | XTB | CMC Markets | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | No |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | Yes | Yes |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | Yes | No |
| Futures | No | Yes | No | No |
| Options | No | Yes | No | Yes |
| ETFs | No | Yes | Yes | Yes |
| Bonds | No | Yes | No | Yes |
| Warrants | No | Yes | No | No |
| Spreadbetting | No | Yes | No | Yes |
| Volatility Index | No | Yes | Yes | Yes |
CrescoFX vs Other Brokers
Compare CrescoFX with any other broker by selecting the other broker below.
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| Trade stocks, forex and commodities on the CrescoFX platform & MT4 app. | ||