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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

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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1 comments

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
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