Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalThe sole licence, MISA BFX2025011, could not be matched on the authority's published list, MISA protects no deposits, and an unsevered predecessor carries a Japanese regulator's warning for unregistered business.
Identity & transparency
6/10 · HighEntity, registration number and the rename are disclosed, but no owners or directors are named, the Comoros address is a registry address while operations run from Hanoi, and the predecessor's stated addresses were flagged by the regulator as possibly false.
Withdrawals & conduct
5/10 · ModerateIsolated fund-related reports of a frozen account and long delays between December 2025 and July 2026, with no amounts or references, so the pattern test is not met; bank-transfer withdrawals are listed as suspended.
Reputation
6/10 · HighNegative-leaning across Japanese consumer forums and review platforms, with a regulator warning on the predecessor, but the volume is modest and some positive reports exist.
Website claims
7/10 · HighPresents a Mwali registration as authorisation meeting international regulatory standards, points verification at the registrar's home page rather than its entry, and omits the predecessor's regulator warning while publicly rebutting critics.
Operational history
5/10 · ModerateAbout four and a half years evidenced by the March 2022 predecessor domain, but that is an upper bound because neither company could be dated, and the present entity and licence date only from December 2025.
Who they are
A quick desk file on the company behind the brand.
- Brand: EdgeGraph FX, formerly Cryptograph Limited until December 2025
- Legal entity: EdgeGraph FX Limited, corporate registration number HT00225001
- Registered: Bonovo Road, Fomboni, Island of Moheli, Union of the Comoros
- Operations run from: Level 3-4 Viet Tower Building, No. 01 Thai Ha street, Dong Da ward, Hanoi, Vietnam, with a +84 contact number
- Website: edge-graph.com, with the client area at my.edge-graph.com
- Only licence: MISA BFX2025011, issued on the Comorian island of Mwali, which we could not confirm on that authority's published list
- Offers: MT5 trading in 52 currency pairs, CFDs and crypto, leverage to 1000 times, deposit bonuses, zero-cut, copy trading
- Not accepted: United States, North Korea, Australia, Myanmar, Cuba, Sudan, Syria, Malaysia and Iran. Japan is not excluded, despite the business being built around Japanese clients
- Age claim: operating since December 2022 under the predecessor brand, which the 2022 registration of cryptograph.finance broadly supports
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
MISA (Mwali International Services Authority)
Why we reached this verdict
How the evidence adds up.
One finding drives this report, and it is a matter of public record rather than opinion.
- A national regulator warned this operation. On 21 June 2023 Japan's Kanto Regional Finance Bureau published a warning naming CRYPTOGRAPH LIMITED for carrying on financial instruments business without registration, specifically for soliciting over-the-counter derivative transactions to Japanese residents over the internet. The notice lists addresses in Panama City and at Hinds Building, Kingstown, St Vincent and the Grenadines, and adds that the stated name and addresses may be false.
- That warning belongs to this broker. EdgeGraph FX says so itself. Its notice of 7 September 2026 states that the company began operations in December 2022 under its predecessor entity, Cryptograph Limited, and changed its name in December 2025. The predecessor domain cryptograph.finance, registered in March 2022, still forwards to edge-graph.com. A change of name does not discharge a regulator's finding, and nothing here separates the two: same market, same product, same people behind the same web infrastructure.
- The warned conduct continues. The site trades in Japanese, prices accounts in yen, staffs support on Japan time, takes deposits by transfer from Japanese banks and advertises leverage of 1000 times where Japan caps retail forex at 25. Japan does not appear on its own list of excluded countries. A Comoros registration confers no permission to approach Japanese residents, so the objection the bureau raised in 2023 is unresolved.
- The one licence on offer cannot be stood up. MISA's published list of authorised brokerage companies ends at December 2024 and contains no 2025-series licences at all, so a number issued in 2025 cannot be matched against it. The only verification pointer the broker publishes is the registrar's home page rather than its own entry. MISA is an island registrar rather than a functioning supervisor, and the Comoros central bank has publicly disavowed its licences, so even a genuine entry would protect no deposits.
- Client reports point the same way, but do not yet prove a pattern. On a broker review platform, reports between December 2025 and July 2026 include an account frozen with funds on it and withdrawals taking far too long, alongside complaints about slippage and unreachable support. Japanese forum users ask openly whether withdrawals are being refused. We hold this at moderate weight: the fund-related reports are few, spread over months, and carry no amounts, dates or ticket numbers, so the four-part test for a confirmed withdrawal pattern is not met.
On the evidence alone the weighted scorecard produces about 66 percent. We publish 70 because an unsevered predecessor carrying a regulator warning sets a floor at that level, and this case is the reason that rule exists.
One limit on the figures. We can date the operation's domains, the oldest being March 2022, but neither the Comoros nor the St Vincent corporate registry publishes a searchable company file, so the operating entities themselves cannot be dated. The track record of roughly four and a half years is therefore an upper bound resting on the domain alone, and the entity that actually holds client money has existed under its present name since December 2025.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Japan's Kanto Regional Finance Bureau published a warning on 21 June 2023 naming CRYPTOGRAPH LIMITED for conducting financial instruments business without registration, specifically soliciting over-the-counter derivative transactions to Japanese residents over the internet. The notice lists a Panama City address and Hinds Building, Kingstown, St Vincent and the Grenadines, and states the name and addresses may be false.
E2The bureau's consolidated list of operators warned for unregistered financial instruments business carries the entry CRYPTOGRAPH LIMITED against the date 21 June 2023, with CRYPTOGRAPH LIMITED also given as the service name. Neither EdgeGraph FX nor edge-graph.com appears on the list.
E3EdgeGraph FX states in its own notice that the company began operations in December 2022 under its predecessor entity, Cryptograph Limited, and changed its name to EdgeGraph FX Limited in December 2025. This ties the broker to the warned entity by its own account.
E4The predecessor domain cryptograph.finance, registered on 15 March 2022 through the same registrar as the current site, returns a 301 permanent redirect to edge-graph.com. The two brands share one live web operation, so the rename did not sever anything.
E5The company history page confirms the same chain: Cryptograph Limited established October 2020, services from December 2022, renamed to EdgeGraph FX Limited in December 2025 with licence MISA-BFX2025011 obtained at that point.
ModerateEdgeGraph FX company historyE6MISA's published list of authorised brokerage companies runs to 258 entries and ends at licence BFX2024235, issued 24 December 2024. It contains no 2025-series licences at all, so the claimed BFX2025011 cannot be matched against it, and the list offers no search function.
E7The broker publishes its entity as EdgeGraph FX Limited, corporate registration number HT00225001, registered at Bonovo Road, Fomboni, Island of Moheli, Comoros, with the operating back office at Viet Tower Building, Thai Ha street, Hanoi, Vietnam, and a +84 telephone number. No directors or owners are named.
ModerateEdgeGraph FX company profileE8The site solicits Japanese residents while holding no Japanese authorisation: yen base currency on all three account types, support hours given in Japan time, and leverage advertised up to 1000 times where Japan caps retail forex at 25. Japan is absent from the restricted jurisdictions list, which names the United States, North Korea, Australia, Myanmar, Cuba, Sudan, Syria, Malaysia and Iran.
E9The payment page confirms deposits by transfer from banks in Japan alongside local processors and crypto, which is a Japan-specific payment rail. It also states that direct bank transfer withdrawals are currently suspended.
ModerateEdgeGraph FX payment methodsE10The guidelines state that where an account is closed or frozen in the circumstances described, the company is under no obligation to refund any funds in that account, and that withdrawals may be reduced by amounts the company bore under its zero-cut system.
ModerateEdgeGraph FX guidelinesE11Client reports on a broker review platform between 26 December 2025 and 27 July 2026 include an account frozen with money on it and the firm unable to pay, withdrawals taking far too long, severe slippage on reversals, and support that was unreachable or scripted. The platform average is 3.6 out of 5 across four reviews, so opinion is mixed.
E12A Japanese legal practice page on EdgeGraph FX records that the broker is not registered with Japan's Financial Services Agency, that the site presents headquarters in both the Comoros and St Vincent and the Grenadines, and that Cryptograph branding still appears alongside EdgeGraph branding. The page also markets a paid recovery service, so its characterisations are treated with care.
E13The FAQ sets out a normal withdrawal process of two to five business days and lists ordinary grounds for refusing a request, being incomplete identity verification and attempts to withdraw bonus credit. We found no demand for a tax, fee or further deposit before funds are released.
E14The current domain edge-graph.com was registered on 23 January 2025 through NameCheap and sits behind Cloudflare. Read with the March 2022 predecessor domain, it supports the broker's account that the new domain accompanied a rebrand rather than a new business, so its claim to have operated since December 2022 is broadly corroborated.
E15The operation runs real trading infrastructure rather than a thin front: MetaTrader 5 across desktop, mobile and web, three defined account types with published spreads, swap and lot conditions, an introducing broker programme and a documented fee schedule.
The other side
The strongest case in this broker’s favour.
The case against this broker is serious, so the points in its favour deserve to be stated plainly.
- It did not hide the rename. Most operations that rebrand after regulatory trouble bury the old identity. EdgeGraph FX published a notice naming Cryptograph Limited as its predecessor and left the old domain forwarding to the new one. That is the opposite of concealment.
- Its answer on the age question is largely correct. Critics pointed at the January 2025 registration of edge-graph.com as proof of a false history. The broker replied that it has been trading since December 2022 under the earlier brand, and the March 2022 registration of cryptograph.finance supports that. On this specific point the broker is closer to right than its critics.
- The licence may well be real. BFX2025011 matches the format MISA uses for brokerage licences, and the published list simply stops before 2025 rather than contradicting the claim. Absence from a list that was never extended is not evidence of a forgery, and we do not treat it as one.
- This is a working business, not an empty shell. It runs genuine MT5 infrastructure, three defined account types, published spreads and swap tables, a partner programme, fee schedules and a documented withdrawal process of two to five business days. Deposit and withdrawal rails include local Japanese payment processors as well as crypto.
- No demand for money to release money. We found no report of the advance-fee mechanic, where a client is told to pay tax or a fee before funds are returned. That is the single most incriminating pattern in this field and it is absent here.
- No regulator has named the current brand. Neither EdgeGraph FX nor edge-graph.com appears on the Kanto bureau's list of warned operators, and we found no enforcement action, no court record and no warning-list entry against the present name.
- Not all the complaints are about money. Several of the loudest concerns are about slippage, execution lag and scripted support replies. Those describe a poor product, not a theft, and we have scored them that way.
What would change this
What we would need to see to revise the verdict.
Specific, checkable things would move this assessment in either direction.
- Toward safer: MISA publishing BFX2025011 on its list of authorised brokerage companies, showing EdgeGraph FX Limited as the holder with an issue date and active status, and the broker linking to that entry instead of the registrar's home page.
- Toward safer: EdgeGraph FX adding Japan to its restricted jurisdictions, or obtaining registration from Japan's Financial Services Agency. Either would resolve the objection the Kanto bureau raised in 2023, which is the core of this report.
- Toward safer: evidence that the current operation is genuinely severed from Cryptograph Limited, meaning different beneficial owners, a different corporate chain and no shared infrastructure. The domain forwarding and the broker's own account currently point the other way.
- Toward safer: a run of verifiable payout confirmations carrying amounts and dates, and restoration of direct bank-transfer withdrawals, which the payment page lists as suspended.
- Toward worse: any warning, alert or enforcement notice naming EdgeGraph FX or edge-graph.com directly.
- Toward worse: three or more detailed withdrawal complaints clustered in one window with amounts, dates and ticket numbers, across two or more platforms. That would convert the present moderate signal into a confirmed pattern.
- Toward worse: any credible report of a client being asked to pay a tax, fee or deposit before a withdrawal is released.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Japan, Kanto Regional Finance Bureau warning naming CRYPTOGRAPH LIMITED
The 21 June 2023 notice against this broker's predecessor for unregistered business.
Kanto Regional Finance Bureau, full list of warned unregistered operators
The searchable list where the CRYPTOGRAPH LIMITED entry appears.
MISA list of authorised brokerage companies
The Mwali authority's published brokerage list, which ends at December 2024.
EdgeGraph FX company profile
The broker's own entity name, registration number and addresses.
EdgeGraph FX notice on its predecessor and licence
Where the broker names Cryptograph Limited as its former identity.
EdgeGraph FX company history
The broker's own timeline of the rename and licence.
Frequently asked questions
Quick answers about this broker’s safety.
Is EdgeGraph FX a scam?
We rate it high risk and likely to be a scam, at 70 percent. The decisive fact is that Japan's Kanto Regional Finance Bureau warned this same business on 21 June 2023, under its former name Cryptograph Limited, for carrying on financial instruments business without registration. The operation renamed itself in December 2025 and still approaches the same Japanese customers.
Is EdgeGraph FX a fraud?
No court or regulator has made a finding of fraud against EdgeGraph FX, and we do not make one. What exists on the record is a Japanese regulator's warning against its predecessor for unregistered solicitation, plus client reports of an account frozen with money on it. On that basis we assess the risk of fraud as high, but that is our assessment rather than a legal finding.
Is EdgeGraph FX regulated?
Only in the weakest sense available. It claims licence BFX2025011 from MISA on the Comorian island of Mwali, which we could not match on that authority's published list of brokerage companies. MISA is an island registrar rather than a working supervisor, and the Comoros central bank has publicly disavowed its licences. It holds no authorisation in Japan, the market it actually serves.
Can I withdraw my money from EdgeGraph FX?
Some clients do, and others report problems. The broker states withdrawals take two to five business days. Against that, reports between December 2025 and July 2026 describe an account frozen with a balance on it and withdrawals taking far too long, and direct bank-transfer withdrawals are listed as suspended. If you hold a balance, withdraw in stages and keep every record.
Is my money safe with EdgeGraph FX?
No, not in the way it would be at a properly supervised broker. A Mwali registration carries no compensation scheme, no enforced client-money segregation and no dispute service. The terms also state that if an account is closed or frozen in certain circumstances the company is under no obligation to refund the funds in it.
Who owns EdgeGraph FX?
The contracting company is EdgeGraph FX Limited, registration number HT00225001, with a registered address in Fomboni on the Comorian island of Moheli. Day to day operations run from a back office in Hanoi, Vietnam. No directors, officers or beneficial owners are named anywhere on the site.
How old is EdgeGraph FX?
The operation dates to about March 2022, when the predecessor domain cryptograph.finance was registered, giving roughly four and a half years. That figure is an upper bound, because neither the Comoros nor the St Vincent registry publishes a searchable company file, so the companies themselves cannot be dated. The current EdgeGraph FX name and licence date only from December 2025.
Was EdgeGraph FX previously called something else?
Yes. It traded as Cryptograph Limited and says so itself in a notice published on 7 September 2026. The old site, cryptograph.finance, still forwards to edge-graph.com. This matters because the Japanese regulator's warning was issued against the Cryptograph name, and a rebrand does not clear that record.
What is the MISA licence worth?
Very little. MISA is the offshore registrar of Mwali, an autonomous island of the Comoros, and is not a recognised financial supervisor. The Comoros central bank has publicly disavowed the licences it issues. A MISA number tells you a fee was paid, not that anyone is supervising how your deposits are held.
Is EdgeGraph FX a clone of another broker?
No. We found no sign that it is using another company's licence number, legal identity or brand. Its problem is its own history and the absence of any real authorisation, not impersonation of someone else.
Can Japanese residents legally use EdgeGraph FX?
The broker is not registered with Japan's Financial Services Agency, yet it prices accounts in yen, staffs support on Japan time, accepts transfers from Japanese banks and offers leverage of 1000 times where Japan caps retail forex at 25. Japan is absent from its own restricted-country list. This is exactly the conduct the Kanto Regional Finance Bureau warned its predecessor about in 2023.
What should I do if I cannot withdraw from EdgeGraph FX?
Complete identity verification first, since incomplete verification is a listed ground for refusal. Then submit a written request and keep the reference, screenshots and dates. Report the matter to the Kanto Regional Finance Bureau's securities supervision division, and contact your bank or payment provider quickly about a chargeback or recall.
What should I check before depositing with any offshore broker?
Find the licence number on the regulator's own register, not on the broker's website, and check the entry names the same company and the same domain. Check whether the broker is allowed to approach clients in your country. Then search the brand and the exact domain for withdrawal complaints, and look for any earlier name the operation traded under.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering this broker, and to anyone already holding an account.
- Do not send new money. The only licence on offer gives no protection worth the name, and the operation has already been the subject of a national regulator's warning under its previous identity.
- If you hold a balance, withdraw it in stages and keep records. Complete identity verification first, since the broker lists incomplete verification as a ground for refusing a withdrawal. Start with a modest amount, save every request reference, screenshot and reply, and note the dates.
- Understand what the bonus does. Bonus credit can be used as margin but cannot itself be withdrawn, and attempting to withdraw it is listed as grounds for refusal. Trading on bonus funds complicates any later claim.
- Japanese residents should read the regulator's notice first. Japan's Kanto Regional Finance Bureau warns that dealings with unregistered overseas operators frequently end with funds not returned and contact lost. Its notice and enquiry line are linked below.
- If you cannot get your money out, report it to the Kanto Regional Finance Bureau's securities supervision division, raise a chargeback or recall with your bank or payment provider quickly, and keep the full paper trail.
- Be wary of anyone promising recovery for an upfront fee. People who have lost money to an offshore broker are routinely targeted a second time by services charging in advance to get it back.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 24, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.