Crownstone is a platform claiming to offer various financial derivatives trading services, covering forex, stocks, indices, commodities, and cryptocurrencies. Despite its claim of being registered in Saint Lucia and operating in Dubai, UAE, the platform's actual regulatory status is questionable. Upon detailed inquiry, we found that Crownstone is not registered with the Central Bank of the UAE (CB U.A.E.) or the Dubai Financial Services Authority (DFSA), which means the platform is not supervised by any major financial regulatory bodies.
Crownstone Corporate Background:
Crownstone's official website is https://www.fxcrownstone.com/. The domain name of Crownstone's platform was established on April 2, 2024. Crownstone Financial Ltd claims to be registered in Saint Lucia. According to the inquiry results, there is indeed an international business company (IBC) named Crownstone Financial Ltd registered with the Saint Lucia International Financial Center (IFC). However, it should be noted that Saint Lucia does not provide brokerage services for financial derivatives.
Crownstone Regulatory Information:
Upon detailed inquiry into Crownstone's regulatory information, we found that the company is not registered with the Central Bank of the UAE (CB U.A.E.) or the Dubai Financial Services Authority (DFSA). This means Crownstone is not regulated by these authoritative financial regulatory bodies.
Crownstone Account Registration Process:
- Log in to the Crownstone official website and click the registration button.
- Fill out the application form.
- Submit ID verification/phone number verification documents.
- Make a deposit and start trading.
Crownstone Account Types:
Standard Plan:
- Leverage: 1:100
- Spread: From 1.8 pips
- No overnight fee: No
- Commission: None
- Trading platform: MetaTrader 5
- Currency: USD
- Minimum deposit: $1000
Elite Plan:
- Leverage: 1:200
- Spread: From 1.4 pips
- No overnight fee: No
- Commission: None
- Trading platform: MetaTrader 5
- Currency: USD
- Minimum deposit: $15000
Pro Plan:
- Leverage: 1:400
- Spread: Raw spread
- No overnight fee: No
- Commission: Yes
- Trading platform: MetaTrader 5
- Currency: USD
- Minimum deposit: $50000
Crownstone Trading Software:
Crownstone offers MetaTrader 5 (MT5). MetaTrader 5 (MT5) is a widely popular trading system known for its powerful functionality and flexibility, catering to various investors' needs and preferences. The MetaTrader platform provides extensive analysis tools, charts, and automated trading functions, enabling traders to effectively execute various trading strategies.
Crownstone Trading Products:
The Crownstone platform offers investment trading services in various financial derivatives, including the following categories:
Forex: Crownstone provides forex trading with various currency pairs, including major pairs (such as EUR/USD, USD/JPY), minor pairs, and emerging market pairs.
Stocks: Investors can trade stocks of major global markets through Crownstone, including tech companies, financial institutions, healthcare companies, etc.
Indices: Crownstone allows investors to trade on major global stock market indices, such as the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, and the German DAX Index.
Commodities:
The platform enables trading in various commodities, including precious metals (such as gold and silver), energy (such as crude oil and natural gas), and agricultural products (such as coffee and wheat).
Cryptocurrencies: Crownstone also offers trading services for various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
By offering these diversified trading products, Crownstone meets the needs of different types of investors. Whether novice or experienced traders, they can find suitable investment opportunities and trading tools. The platform's advanced technology and powerful trading functions provide users with an efficient, secure, and reliable trading environment.
Crownstone's Spreads, Leverage, and Commissions:
Crownstone offers three different account types, each with different spreads, leverage, and commission structures. The Standard Plan provides leverage of 1:100, spreads starting from 1.8 pips, and no commission. The Elite Plan offers leverage of 1:200, spreads starting from 1.4 pips, and no commission as well. The Pro Plan provides leverage of 1:400, raw spreads, and charges a commission. These account designs aim to meet the needs of different investors, allowing beginners and advanced traders to find suitable account types.
Crownstone's Deposit and Withdrawal Methods:
Crownstone's deposit and withdrawal methods are not specifically detailed on its official website. Generally, traders may be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Crownstone Customer Support:
Email: support@fxcrownstone.com
Phone: +97143494541
Conclusion:
The lack of effective regulation and transparency in information dissemination makes investing with Crownstone extremely risky. When choosing a trading platform, investors should prioritize those supervised by appropriately regulated bodies to ensure the safety of their funds and the reliability of transactions. Given the current situation of Crownstone, it may not be a trustworthy choice. Crownstone is marked as "Suespected Fraud" on TraderKnows.
