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Crownstone

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Operating status: SCAM

Website: https://www.fxcrownstone.com/

Broker violations and abnormal records
  • 2024-07-16 BrokersView has reviewed that Crownstone is an unregulated broker

    While the broker is registered in St. Lucia as an International Business Company, it is critical to note the the mere registration doesn't equate to the authorization from relevant financial watchdogs. More importantly, the Financial Services Regulatory Authority (FSRA) of the country has stated that forex trading activities are not licensed in St. Lucia. This means Crownstone's forex trading brokerage activities are not permitted.

    In essence, Crownstone is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Crownstone appears to be a scam.

    While the broker is registered in St. Lucia as an International Business Company, it is critical to note the the mere registration doesn't equate to the authorization from relevant financial watchdogs. More importantly, the Financial Services Regulatory Authority (FSRA) of the country has stated that forex trading activities are not licensed in St. Lucia. This means Crownstone's forex trading brokerage activities are not permitted.In essence, Crownstone is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Crownstone appears to be a scam.

Related Complaints

Q&A

Crownstone a scam or real?

GilaLawrence
Egypt
2024-12-10
ANSWER Dear Investor, Thank you for reaching out. Our investigation suggests that Crownstone might be a scam. This brokerage firm claims to be registered in St. Lucia, an offshore center where forex trading activities are not licensed. Offshore areas are commonly known to provide lax regulation and minimal protection for investors, which should lead you to reconsider your choice of a broker allegedly registered there. In addition to this registration, we haven't found any other valid licensing information to prove Crownstone's legitimacy and compliance. We have reasons to believe that Crownstone is a scam. We strongly advise you to stay away from this unlicensed broker.
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Is Crownstone good for investment?

Vigan Crouan
Dominica
2024-07-17
ANSWER No, Crownstone is risky due to its unlicensed status.Although the broker is registered in St. Lucia as an International Business Company, this registration does not imply authorization from relevant financial authorities. More importantly, the Financial Services Regulatory Authority (FSRA) of St. Lucia has stated that forex trading activities are not licensed in the country. This means Crownstone's forex trading operations are not permitted.In light of this, Crownstone seems to be operating in an unregulated environment, rendering its offerings highly risky. To protect their hard-earned money from potential fraud schemes, investors are strongly advised to stay away from unregulated brokers like Crownstone and instead choose fully regulated ones.
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2 comments

sanil
I am writing to express my deep disappointment and frustration regarding the handling of my trading account since June 2024. Under the guidance of my Relationship Manager (RM), I have followed instructions to inject additional funds into the account during periods of negative trades. Despite these efforts, I have incurred a significant loss of $23,500.More recently, I decided to take trading decisions independently, which led to a partial recovery of my equity to $11,000. However, I have encountered persistent issues withdrawing even $200 from my account. Withdrawal requests remain unapproved on your portal, and there has been no response from my RM or your support team despite repeated attempts to seek clarification.This lack of communication and the inability to access my funds are unacceptable. I am now considering pursuing legal action or personally visiting your office to address these grievances unless the situation is resolved promptly.
2024-12-06
Reply
The Yellow Safari
I have been trading in Crownstone from 3months I’m not having any issues with any thing !! I started with $1000 now my all profits are $3715!!! I took a withdrawal of $1000 and it took 12hours to reach in my ADCB bank account!!! All signals are provided by my RM is good!! Iam earning and learning !! You can trust this brokerage without worrying!!! Happy Trading people!!!
2024-07-23
Reply
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