crownstone foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://backend.crownstonecrm.com/user/login/Signup, about the company's legal and temporary regulatory information, the company's address Offices of Fortgate offshore Investment and Legal Services Ltd, Ground Floor, The Sotheby building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Crownstone, officially known as Crownstone Financial Ltd, was founded in 2024 and is headquartered in Saint Lucia. The company operates as a private entity, offering a variety of financial services primarily to retail clients interested in forex trading.
Crownstone claims to cater to a global market, providing access to over 120 trading instruments, including forex, indices, commodities, and stocks. The broker's development has been marked by its rapid establishment in the trading industry, despite being relatively new. It operates under the premise of providing a robust trading environment, although it lacks regulatory oversight, which is a significant aspect of its operational model.
The broker's business model is primarily focused on retail forex trading, with an emphasis on leveraging high potential returns through various trading products. Despite its claims of offering a diverse range of services, it is crucial to approach this broker with caution due to the absence of regulatory backing.
Crownstone operates without any valid regulatory oversight, which is a critical factor for potential investors. The broker is registered as an international business company (IBC) in Saint Lucia, but this registration does not equate to authorization from relevant financial watchdogs. The Financial Services Regulatory Authority (FSRA) of Saint Lucia explicitly states that forex trading activities are not licensed in the country, rendering Crownstone's operations unauthorized.
Given this lack of regulation, investors should be aware that there are no legal protections in place to safeguard their funds. The absence of a regulatory framework raises significant concerns regarding the safety and security of client investments. Additionally, Crownstone does not participate in any investor compensation schemes, which could provide a safety net in case of insolvency or fraud.
The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unknown, as there is no public information available regarding their policies or practices in these areas.
Crownstone offers a variety of trading products, primarily focusing on forex and CFDs. The broker provides access to more than 120 trading instruments, including:
However, it is important to note that Crownstone does not offer trading in cryptocurrencies or ETFs. The platform claims to regularly update its product offerings, but specific details on new additions are not provided.
Crownstone's services are primarily geared toward retail clients, with no mention of institutional services or white-label solutions. The lack of a demo account further limits the ability for potential clients to test the platform before committing real funds.
Crownstone supports the MetaTrader 5 (MT5) trading platform, which is known for its advanced trading capabilities and user-friendly interface. However, there is no support for MetaTrader 4 (MT4), which is a popular choice among many traders.
The MT5 platform offers extensive analysis tools, charting capabilities, and automated trading functions, catering to both novice and experienced traders. The platform is accessible on various devices, including desktops, iOS, and Android, allowing for trading flexibility.
Crownstone does not provide information about any proprietary trading platform or web-based trading solutions. The execution model is not clearly defined in the available information, raising questions about whether it operates as an ECN, STP, or Market Maker.
The broker's server infrastructure is reportedly located in the United Kingdom, but specific details regarding server speed, reliability, and security measures are not disclosed.
Crownstone offers three main account types, each with varying conditions:
Standard Account:
Minimum deposit: $1,000
Leverage: 1:100
Spread: From 1.8 pips
Commission: None
Elite Account:
Minimum deposit: $15,000
Leverage: 1:200
Spread: From 1.4 pips
Commission: None
Pro Account:
Minimum deposit: $50,000
Leverage: 1:400
Spread: Raw spreads
Commission: Yes
The minimum trade size and overnight fees are not clearly specified in the available information. Additionally, the absence of a demo account policy makes it difficult for potential clients to familiarize themselves with the trading environment before committing funds.
Crownstone claims to offer various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding the minimum deposit requirements for each account type are limited.
The minimum deposit for the standard account is $1,000, while the elite and pro accounts require deposits of $15,000 and $50,000, respectively.
Deposit processing times are not explicitly mentioned, and there is no information on any associated deposit fees. Withdrawal methods also lack clarity, with no detailed information provided on processing times or fees associated with withdrawals.
Crownstone offers customer support through various channels, including phone, email, and possibly online chat, although specific details are not provided. The support service is claimed to be available 24/7, which is beneficial for traders in different time zones.
The broker supports English as the primary language for customer interactions. However, there is no indication of multi-language support, which could limit accessibility for non-English speaking clients.
Educational resources offered by Crownstone seem to be minimal, with no mention of webinars, tutorials, or eBooks. Market analysis services, such as daily reports or research, are also not specified, indicating a potential gap in providing comprehensive educational support for traders.
Crownstone aims to serve a global market; however, it has specific regional restrictions. The broker does not accept clients from the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.
The information regarding the distribution of regional offices is limited, with the primary office located in Saint Lucia. The lack of regulatory oversight in these areas further complicates the broker's operational legitimacy.
In summary, while Crownstone presents itself as a broker offering a range of trading products and services, the absence of regulation, transparency in fund management, and limited educational resources should be carefully considered by potential investors. It is advisable to conduct thorough research and consider alternative options when choosing a trading platform.
Nitin_Pandey
India
I have been trading with different brokers like Noor Capital, Saxo Bank, Century Finance and IBKR from the last 7 years and started with Crownstonefx.com in the first week of January with $2500 as the sales Executive Shanaya and portfolio manager Jay Khetan was pretty good with their job and didn't let any news be missed by me. I was not interested in the beginning to add another platform to my list but it was worth to give them a try which was the best part. Once, the account got activated I was assigned an RM Mr. Ali, who is an experienced guy and gave me trades on a daily basis. In the last 6 months my current portfolio is at $10,020 and I have taken a withdrawal of $10,000 twice so far. The reviews which I saw on this website doesn't seem to be true as all the platforms where I have an account has worst reviews on this website. This is the only reason I had to post this review for viewers to avoid seeking for advice from this website. I would definitely recommend Crownstonefx.com. If you are an Indian, you know about Zerodha and Angel one, kindly search the platform on this website, you will get to know exactly what I am talking about.
Positive
2024-06-27
FX1652161013
United Arab Emirates
Excellent financial services! It has been a game-changer for my investment journey. Their team's expertise and personalized approach helped me navigate the complex world of finance with confidence. They truly understand my goals and tailor their solutions accordingly.
Positive
2024-06-11
joseph jom james mendez
United Arab Emirates
don't trust specially their RM direction. before put money check the review. drama always be their. behind your eyes.
Exposure
2024-09-06