[vc_row][vc_column][vc_column_text]

Crown Capital FX Broker Review

The necessity for traders to steer clear cannot be emphasized enough in this Crown Capital FX review. Do not reply to any unsolicited calls or emails you get from this broker. The same advice is given in warnings from various foreign financial regulators: go away immediately. Because you won’t ever see those funds again, avoid getting your money mixed up with this broker.

Regulated By: No Regulator

Headquarters: Indonesia

Founded In: 2010

Platforms: WebTrader

Instruments: Forex and CFDs

Crown Capital FX Review: Regulation and Security

With no supervision or approval from any financial regulation, this broker operates as an unregulated broker. Nobody is monitoring their business operations or placing limitations on their operations. They are not required to separate customer accounts or maintain a minimum capital requirement. Any trader who makes an investment with this company runs a serious danger of losing their money with no hope of recovery.

In addition, the FCA, the UK’s financial authority, issued a warning about the Crown Capital FX scam, which we uncovered during our investigation into the company. They released a statement in 2014 explaining their suspicions that the broker was providing services to UK people without authorisation and offered consumers advice on how to avoid falling victim to this type of fraud. The warning was reiterated by the Italian CONSOB and the Hungarian MNB.

Where Are They Located?

According to our analysis of Crown Capital FX, the broker is based in Jakarta, Indonesia. Crown Capital Management is the firm they operate under. They must possess a license from BAPPEBTI, the Indonesian financial authority, in order to operate as an Indonesian broker. They cannot legally provide forex and CFD investments without this license, however it appears that the broker does so nevertheless.

Deposit and Withdrawal Methods

Only a few payment methods, including credit cards and internet payment processors, are allowed by the broker. Former customers of the broker claim to have significant trouble withdrawing money. According to these claims, customer service agents have given clients muddled and inconsistent instructions and have even advised some customers to register new accounts into which their money will be transferred.

Due to their deceptive tactics, several consumers appear to have been blocked from withdrawing their money, thereby allowing the broker to keep it. Without any financial regulation to restrain them, the broker is free to carry on with these actions. Clients are left in the dark about the status of their withdrawals and have no one to turn to for legal mitigation of their activity.

Crown Capital FX Review Conclusion 

According to our review of Crown Capital FX, CapitalFX is run like a typical boiler room operation. There is very little to none of it in here. With little regard for the quality of the investments, they are aggressively pushing investments on clients in an effort to increase their income. It appears that the broker has no intention of allowing their customers to pay out due to ongoing issues with processing withdrawals.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]