Online trading is increasingly becoming popular in mainstream investment. Traders invest in various digital assets such as cryptos, ETFs, and CFDs. This financial space is not linked to any government or institutional authorities, which can make it extremely chaotic. Without streamlining standards, brokers can manipulate their services or cheat investors. This is where regulators enforce rules and expose rogues like CSR Finance.

Sometimes, you can tell a broker is illegal as everything on its website explicitly suggests dishonesty. However, other scammers are subtle, and it may take in-depth scrutiny to realize that. This broker is in the latter category. It has tried hard to cover its track; we give it that. CSR Finance uses its mastery of required standards like regulation and AML to dupe traders into thinking it actually complies. In actuality, it is violating the very standards it is flaunting.

With scamming activities on the rise, investors should be on high alert. Exposure to the market and keeping up-to-date with fraudsters’ tactics to con traders can help you stay ahead. The review below shares more on the checklist for valid crypto brokers. We will also reveal inconsistencies we found on the broker’s website. Follow through

Csrfinance.com Review

The broker promises to provide lucrative trading features and tools for traders. The platform promises investors a sustainable investment approach that will generate them long term results.They also claim to have over 1 million customers who trust them. The ROI tange from 5 to 30%. 

As per the website, the company helps novice traders to become professionals and grow their finances through low deposit requirements and a commission-free policy. Investors on this platform can reportedly trade forex, stocks, and cryptos.  

 CSR Finance purports to offer among the best trading services. The alleged platform benefits include educational resources, a straightforward trading platform, 256-bit encrypted and F2A authenticated accounts and advanced trading tools. Verifying some of these claims without access to the actual trading software was impossible. Do yourself a favor and avoid this broker and its associated risks.

Contact Details

CSR Finance is supposedly located in the UK. Scam brokers fake their addresses claiming to be in regulated jurisdictions, as a way to deflect your attention. Potential victims blindly trust a broker operating in strictly regulated financial markets, or at least that’s what the broker expects you to do.

Scam brokers have a knack for impersonating entities, much less individuals. This is precisely why you should err on the side of caution before offering sensitive contact information. Even if the broker doesn’t impersonate you, it could pester you with endless calls to convince you to invest. Although the shady broker has provided contact addresses, desist from contacting them.

CSR Finance Deposit & Withdrawal Policy

The broker allegedly accepts deposits via credit cards, wire transfers, Skrill, and Neteller. The withdrawal methods include crypto, debit/credit cards and wire transfer. Adding cryptos to its withdrawal list is a breach of AML policies.

Credit/debit cards, wire transfers and e-Wallets are okay for deposit. However, avoid any broker requiring you to pay via cryptos. You will neither identify the fund’s receiver nor reverse erroneous transactions.

The minimum deposit amount is $250. This amount is pretty high, and there is no reason to gamble with a lawless broker. Mind you; there are several authorized brokers with $10 micro-accounts. Why not try them instead?

CSR Finance Investment Plan

The broker offers several investment plans. The bronze package requires a minimum deposit of € 10000. Bronze traders access social trading, CMTrading E-books, and market reviews. Next, silver investors deposit a minimum of €25000. They access VOD trading on top of bronze benefits. The gold package has a funding threshold of €50000, with an additional park of 1 risk-free trade(whatever that means?).

Platinum investors deposit at least €100000 and access additional personal assistance, account customization and trading room. Diamond investors fund accounts with €250000 minimum while premium investors deposit € 500000. The broker also has an Islamic account with no interest and swap charges.

CSR Finance Regulation Status

Numerous financial watchdogs regulate this market by enforcing policies that secure involved players. These agencies include ASIC (Australia), SFC (Hong Kong), KNF(China), CFTC(US), FCA(UK), BaFin (Germany), and CySEC (Cyprus). Some of the regulatory strategies they use include requiring brokers to make daily reports on closed and open trade positions.

Another requirement is to have minimum capital. US brokers must have $20 million, Australian brokers $1 million, and UK brokers € 730000. This measure is taken to gauge a broker’s financial health. Likewise, the regulators require brokers to contribute to the financial services compensation scheme(FSCS) to insure investors for incidents such as insolvency. EU traders get a partial compensation of € 20000 while UK traders get €85000.

The broker claims it is registered and licensed to provide services but is waiting for regulatory approval. This is the most ridiculous claim we’ve ever come across! Where did the broker get the so-called license? Again, you only get a license after complying with set standards, after which you fall under the licensing agency’s purview. So who is fooling who?

Unfortunately, the Financial Conduct Authority does not authorize the broker. The FCA is the only agency mandated with issuing brokerage services licenses in the United Kingdom. The red flags cannot get any redder! This is an offshore scam that will steal your money to the last dime. Furthermore, Spain regulatory agency CNMV has issued a warning against Crs Finance. 

CSR Finance Trading Conditions

CSR Finance has provided several legal documents on its website. However, this was pointless since none of these documents sheds light on the most crucial areas, such as trading parameters and applicable charges. Instead, they offer definitions of obvious terms. This is fishy.

For your information, regulatory agencies impose leverage restrictions on brokers to minimize traders’ risk exposure. The FCA does not allow crypto trading services. However, Australian and EU 

regulators cap crypto leverage to 1:2. For forex, CySEC, FCA and ASIC cap it at 1:30, IIROC (Canada)and CFTC at 1:50, SFC and FSA(Japan) at 1:20. Additionally, the industry endorses a 1.5 pips spread.

The broker also mentions that it offers trading promotions and bonuses, another red flag we are all too familiar with. Whenever a broker hands out freebies or bonuses, it attaches predatory conditions. For instance, you are barred from withdrawing bonuses and profits until you attain a specific trading volume, often unattainable.

CSR Finance Trading Platform

The broker mentioned it offers a web-based trading platform, which was unsurprising. Most scam brokers prefer the lackluster platform with subpar functionalities. Your maneuverability is adversely undermined here, meaning you get the short end of the stick.

The broker also claims to offer copy trading services. This is a good strategy to help amateur traders, yet scammers misuse it. Unsurprisingly, the broker uses this as a ploy to mirror trades; you will think you are trading, whereas your money is going straight to its accounts. 

For an optimal trading experience, search for licensed brokers offering MT4 or MT5. MT4 has over 30 indicators, while MT5 has 50-plus indicators. These help you customize or automate trades, predict price movements, minimize risks, and place multiple orders. What more would a trader want?

Our Take

CSR Finance is not fit for an investment broker. The broker provides a fake license, falsifies its regulation status and omits critical trading information. This broker is providing unauthorized services, presumably from an offshore zone.

The broker underestimates investors’ diligence to think you can entrust your investment after all the glaring red flags. Ditch it and look for better brokers. Ensure you choose  a valid crypto broker with genuine investment values and interests.