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crownstone

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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.

Is Crownstone good for investment?

Vigan Crouan

Dominica

Jul 17, 2024

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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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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