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Crownstone
Operating status: SCAM
Website: https://www.fxcrownstone.com/
Broker violations and abnormal records
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.
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