Dynasty of Cryptos Review

About Dynasty of Cryptos

Dynasty of Cryptos operates under the domain dynastyofcryptos.com and presents itself as a UK-based cryptocurrency trading platform. It offers a proprietary WebTrader platform, trading instruments including forex, commodities, stocks, indices and digital currencies, maximum leverage up to 1:500, fixed spreads reportedly from 0.2 pips, and a minimum deposit of €250 ().

The broker is not regulated by any recognized financial authority. It is not registered with the UK Financial Conduct Authority (FCA), Germany’s BaFin, Switzerland’s FINMA, or any other established regulator. The Comisión Nacional del Mercado de Valores (CNMV) of Spain added Dynasty of Cryptos to its warning (unauthorised) list on February 26, 2024 (or February 28, 2024, per confirmation), citing unlicensed provision of investment services ().

Multiple independent sources confirm the absence of any valid regulatory license and warn of significant risks, including difficulties withdrawing funds, negative user experiences, and lack of transparency regarding fees and fund security ().

Pros and cons

Pros

• Offers high leverage (up to 1:500) ().
• Advertised low fixed spreads (from 0.2 pips) ().

Cons

• Not regulated by any reputable financial authority; included in Spain’s CNMV warning list for unauthorized activity ().
• Reports of difficulties withdrawing funds and unresponsive customer service ().
• Lack of transparency regarding commissions, security of client funds, and account protections ().