CrescoFX Review 2023

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Our Rating

2.5
/ 5

CrescoFX is #109 in our CFD broker rankings.

Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.

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Trusted

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Demo Account

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MetaTrader 4

Minimum Deposit $1,000

Trading Platforms MT4

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies

Bonus Offer -

Account Currencies

Payment Options Wire Transfer, Credit Card, Visa

All CrescoFX Details

Compare CrescoFX

Forex Trading

Trade over a dozen currencies with leverage.

Stocks Trading

Trade on 10 CFD shares, from Amazon to Google.

CFD Trading

Buy and sell online CFDs on the markets.

Crypto Trading

Trade on the world's largest two cryptocurrencies.

CrescoFX offers multi-asset trading on the standard MT4 platform as well as the proprietary Cresco Trader. Learn more about the broker here, as we review the key features of the service, including demo accounts, leverage and regulation.

Company Details

CrescoFX is a brand of Cresco Capital Markets (UK) Limited and part of the Cresco Group of financial services companies. The firm has been delivering multi-asset brokerage services since 2011 and is regulated by the Financial Conduct Authority (FCA) in the UK.

Trading Platforms

Cresco Trader

The broker’s platform offers 100% automated execution with competitive pricing and risk management tools. Clients can trade directly from the charts with a range of impressive features, including:

• 24 drawing tools and 75 technical indicators, including SMAs and Ichimoku Clouds
• Standard order types plus boundary orders and custom stop order triggering
• 10 different chart types, including Point, Figure, Renko and Kagi
• Live economic calendar and customisable Reuters news
• Customisation and personalised layouts
• Client sentiment tools and views
• Up to 20 years’ price history

MetaTrader 4

MT4 is one of the top trading platforms for forex and CFDs, offering advanced tools for analysing the financial markets. The platform interface is fully customisable to suit multiple trading styles and strategies

Features include over 30 in-built indicators, plus a range of drawing tools and nine time periods for detailed price analysis. There’s also a financial news feed, a full set of trade orders and the ability to execute automated trading strategies with Expert Advisors (EAs).

Markets

CrescoFX offers tradable instruments across all major markets, including:

• Forex – 17 major currency pairs available, including EUR/USD and USD/JPY
• Stocks – 10 major CFD equities available, including Amazon and Google
• Indices – 8 major index CFDs such as US 30 and FTSE 100
• Cryptocurrencies – Bitcoin and Ethereum pairs
• Commodities – Including gold, silver and oils

Spreads & Commission

CrescoFX is not transparent with their spreads and fees, which is disappointing coming from an FCA-regulated broker who claims to offer a transparent service. You can get in touch with the customer support team for pricing details, or sign up to a demo account. Overall though, our review was disappointed with the opaque fee structure.

CrescoFX Leverage

Major forex pairs can be leveraged up to a maximum of 1:30. Indices and metals can be leveraged up to 1:20, oils up to 1:10, stocks up to 1:5 and cryptocurrencies up to 1:2. The margin percentage requirements are detailed in the contract specifications page.

Mobile Apps

Both the Cresco Trader and MT4 platforms are available as mobile apps, which are fully-featured and support iPhones, iPads and Androids. The Cresco Trader app comes with adapted charting tools, economic news, trade history and much more. Traders can also set execution and price alerts via push notifications.

The MT4 mobile app is robust and reliable, generally receiving positive reviews from clients online. Traders can access many of the same functions as the desktop application, such as technical analysis tools, live news and a range of order types. The app can also be accessed in over 20 languages.

Deposits & Withdrawals

CrescoFX offers funding via bank transfer and credit/debit cards, which is limited compared to other brokers. Fees may be charged when using such methods and processing times may not be instant. Again, there is a lack of transparency here so it’s worth considering other brokers before opening an account.

Demo Account

CrescoFX offers a demo account for both the MT4 and Cresco Trader platforms. Demo accounts are excellent tools for both beginners and experts, as they allow you to practice trading skills within a risk-free account.

CrescoFX Bonuses

CrescoFX is regulated by one of the most stringent financial regulators, the FCA, and therefore does not offer incentivised trading schemes.

Regulation Review

Cresco Capital Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with FRN number 764353.

As an FCA-regulated broker, CrescoFX is required to segregate client money and participate in the Investor Compensation Scheme. Retail clients also get negative balance protection which resets trading accounts back to zero in the event of a negative balance.

Additional Features

The broker also falls short in this area, with both the news and education sections either being unfinished or leading to error pages. Aside from the resources within the trading platforms, CrescoFX does not offer any other tools or content.

Trading Accounts

Another area that needs improvement is transparency around account types. New traders will struggle to find any information at all unless they sign up for an account. Beginners will likely be priced out, though, as the minimum initial deposit to open an account is a higher-than-average at $1,000.

For further details around which account may suit you, you can contact the customer support team.

Benefits

Benefits of opening an account with CrescoFX include:

• Demo account
• Regulated by FCA
• Choice of two trading platforms

Drawbacks

However, we uncovered several issues in this review:

• Limited funding methods
• $1,000 minimum deposit
• Limited number of instruments
• No educational resources or tools
• Lack of information and transparency

Trading Hours

Forex is a 24-hour global market, but brokers have specific session times depending on the trading platform used. You can find details of each instrument’s trading hours within the Cresco Trader or MT4 platform.

Customer Support

There are several ways you can get in touch with CrescoFX, including email and telephone. There’s also a live chat service, though we struggled to find a time when the chat was ever online.

• Email – info@crescofx.com
• Telephone – +44 (0) 207 952 6825
• Address – Cresco Capital Markets (UK) Ltd, 21 Arlington Street, London SW1A 1RN, United Kingdom

Security

The MT4 platform follows industry-standard encryption processes and login security, including two-step verification. CrescoFX could be more transparent around security within the Cresco Trader platform, however.

CrescoFX Verdict

CrescoFX offers a promising trading platform, with sophisticated features and technical analysis tools on desktop and mobile. However, the lack of transparency in multiple areas is a let down and not something you expect from an FCA-regulated broker. CrescoFX needs to improve its website and offering if they are to compete with the best online brokers.

Accepted Countries

CrescoFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use CrescoFX from United States.

Payment Methods

• Wire Transfer
• Credit Card
• Visa

CrescoFX Details

CFD Trading Details

Forex Trading Details

Cryptocurrency Trading Details

Compare CrescoFX

Compare CrescoFX with similar brokers that accept traders from your location. Among available brokers these are the most similar to CrescoFX:

1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
   Go to OANDA
2. Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
   Go to Forex.com
3. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
   Go to Webull

CrescoFX Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by CrescoFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

CrescoFX vs Other Brokers

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FAQ

	Visit	Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.