Crossworld Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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Operations are being manipulated and causing to lose everything. I called customer support and they tell me that there is no solution, but everything is within mafia. My investment is $ 2,430. Please help me
The Crossworld review reveals a concerning picture of this forex broker, with multiple sources indicating a lack of regulation and significant user complaints. While some users report satisfactory experiences, the overall sentiment leans towards caution due to the broker's unregulated status and claims of manipulation.
Notice: It is essential to consider that different entities may operate under the Crossworld name, which can lead to varying levels of service and trustworthiness. This review aims to provide a fair and accurate assessment based on the information available.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 5 |
| Additional Considerations | 3 |
Crossworld has garnered mixed reviews from users and experts alike. This assessment is based on a comprehensive analysis of available data, including user experiences, regulatory status, and the broker's service offerings.
Founded in 1997, Crossworld Securities Limited operates as a forex broker primarily based in Nigeria. The broker offers trading through popular platforms like MT4 and MT5, catering to various asset classes including forex, commodities, and indices. However, it lacks any valid regulatory oversight, which raises significant concerns about its operational practices and user protection.
Regulatory Regions:
Crossworld operates without any significant regulatory oversight, which is a major red flag. According to multiple sources, it is not registered with any reputable financial authority, exposing clients to potential risks without any recourse for lost funds. This lack of regulation is a critical factor in assessing the broker's trustworthiness.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker accepts deposits in various fiat currencies, but specific details on withdrawal processes and available cryptocurrencies remain unclear. Users have reported difficulties in withdrawing funds, which is a common issue with unregulated brokers.
Minimum Deposit:
While specific figures on minimum deposits are not consistently reported across sources, some reviews suggest that the broker may require a relatively low initial deposit to start trading. However, the lack of transparency in this area is concerning.
Bonuses/Promotions:
Crossworld appears to offer various promotional bonuses to attract new clients. However, these incentives often come with strings attached, particularly regarding withdrawal conditions, which can lead to user dissatisfaction.
Tradable Asset Classes:
The broker provides access to a range of asset classes, including forex pairs, commodities, and indices. However, the quality of trading conditions, such as spreads and commissions, has been criticized.
Costs (Spreads, Fees, Commissions):
User reviews indicate that spreads can be wider than average, and hidden fees may apply, which diminishes overall trading profitability. This is a crucial aspect to consider when evaluating any forex broker.
Leverage:
Crossworld offers leverage options that may appeal to traders looking to maximize their exposure. However, the associated risks of high leverage should not be underestimated, especially with an unregulated broker.
Allowed Trading Platforms:
The primary trading platforms available are MT4 and MT5, both of which are widely recognized for their robust features. However, the effectiveness of these platforms can be undermined by the broker's overall service quality.
Restricted Regions:
While specific information on restricted regions is not consistently found, the broker's unregulated status may limit its operations in certain jurisdictions, particularly those with stringent regulatory frameworks.
Available Customer Service Languages:
Customer support appears to be limited, with complaints about slow response times and insufficient assistance. This is particularly concerning given the broker's lack of regulatory oversight, which makes effective customer support even more critical.
Account Conditions (4/10):
The account conditions at Crossworld are not particularly favorable, with reports of hidden fees and unclear terms.
Tools and Resources (5/10):
While the broker offers standard trading tools, the lack of comprehensive educational resources and market analysis is a drawback.
Customer Service and Support (3/10):
Users have reported poor customer service experiences, with long wait times and inadequate support.
Trading Experience (4/10):
The trading experience is marred by complaints of manipulation and difficulties in executing trades.
Trustworthiness (2/10):
The absence of regulatory oversight and numerous user complaints highlight significant trust issues.
User Experience (5/10):
While some users report satisfactory experiences, the overall sentiment is cautious due to the broker's regulatory status.
Account Conditions:
Crossworld's account conditions are less than ideal, with various reports indicating hidden costs and unfavorable terms. Users have expressed frustration over unexpected fees, making it crucial to read the fine print before opening an account.
Tools and Resources:
Although Crossworld provides access to popular trading platforms like MT4 and MT5, the lack of educational resources and market analysis tools limits the overall trading experience. Traders seeking comprehensive support may find this aspect lacking.
Customer Service and Support:
Customer service is a significant concern for Crossworld. Many users have reported long response times and inadequate support, which can be detrimental for traders who require timely assistance.
Trading Experience:
The trading experience with Crossworld has been criticized due to reports of manipulation and difficulties in executing trades. This raises serious concerns about the broker's operational integrity.
Trustworthiness:
The lack of regulatory oversight is a major red flag. Users have reported issues with fund withdrawals and claims of manipulation, leading to a low trust score for Crossworld.
User Experience:
While some users have shared positive experiences, the overall sentiment is mixed due to the broker's regulatory status and customer service issues. This inconsistency can create a challenging environment for traders.
In conclusion, the Crossworld review indicates that potential clients should exercise extreme caution when considering this broker. The lack of regulation, combined with a history of user complaints, suggests that Crossworld may not be the safest choice for forex trading in 2025. Always conduct thorough research and consider regulated alternatives to ensure the safety of your investments.
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