Note: Since Cresco Tradings official site (https://crescotradinglimited.com/index.html) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
Cresco Trading, a trading name of Cresco Trading Limited, is allegedly a suspicious regulated forex broker registered in the UK that claims to provide its clients with various tradable assets with four different investment plans to choose from.
Market Instruments
Cresco Trading advertises that it mainly offers four different asset classes in financial markets, including forex, indices, stocks and cryptocurrencies.
Investment Plans
There are four investment plans offered by Cresco Trading, namely Basic, Pro, VIP and VIP Pro. Starting a Basic investment plan requires the minimum initial deposit amount of $1,000, while the other three investment plans have much higher minimum initial capital requirements of $5,000, $15,000 and $25,000 respectively. However, this broker didnt offer demo accounts.
Trading Platform Available
Trading platforms are not available at Cresco Trading. It looks like a live chart, but it is actually an integrated live chart service provided by TradingView in the client area. There is no real trading software here, only a real-time and historical web service.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Cresco Trading says to accept payments with the cryptocurrency of Bitcoin, PayPal, Zelle and Cash App, but in reality, the only available option turned out to be Cash App. The minimum initial deposit requirement is $1,000. The broker also charges some withdrawal fees. For example, withdrawals above $3,000 are subject to a 30% refund fee. If profit withdrawal is not imitated within five days of trade closure, a maintenance fee of 20% will apply. As for the processing time of withdrawal requests, the broker states that cryptocurrency withdrawals sometimes take up to 6 hours to process.
Customer Support
Cresco Tradings customer support can be reached by telephone: +447537105175, email: support@crescotradinglimited.com. Company address: 21 Arlington Street, London, SW1A 1RN.
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