Minimum Deposit: $250
Maximum Leverage: n/a
My Score: 1.0
Crown Finance is a forex broker that founded in 2017 and they headquartered in Scotland. They are owned and operated by Eventuall Limited, but there is not much information about the company on their website. When I researched Eventuall Limited on the internet, I also couldn’t find any information about them.
What are the account types and trading conditions at Crown Finance? What is the minimum deposit limit or maximum leverage they offer? Is Crown Finance good or scam broker? If you are wondering answer of all these questions, keep reading my Crown Finance review.
Regulation & Licenses
Crown Finance is clearly an unregulated and unlicensed broker because there is no sign about it on their website. Even in the regulation menu, there is no mention of their regulation or a certificate from any regulator. Also, UK’s Financial Conduct Authority (FCA) warned investors about them for being an unregulated broker in 2018.
Getting licenses from regulators like FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission) or CySEC (Cyprus Securities and Exchange Commission) can be very difficult for brokers, I know. But being unregulated broker is unacceptable for me. I can say this is Crown Finance’ weakest side.
Crown Finance offers 6 different account types. For basic account, minimum deposit limit is $250. This is a high minimum deposit limit when I compare them with other brokers. Other account types are an advanced account, professional account, gold account, platinum account, VIP account.
|Account type||Min. deposit||Max. leverage||Spreads|
|Basic Account||$250||n/a||3,9 pips, floating|
|Gold Account||$10 000||n/a||n/a|
|Platinum Account||$25 000||n/a||n/a|
|V.I.P. Account||$50 000||n/a||n/a|
There is no information about the spread information for any account type and maximum leverage rate they are offering. Also, the most popular forex trading platforms Metatrader4 and MetaTrader5 is not supported by Crown Finance. Instead of MetaTrader, they offer their own trading platform, which is a lack of well-known features and it is too simple for experienced traders.
Crown Finance accepts deposits only via credit/debit card or wire transfer. So, payment methods like Skill, Neteller, WebMoney, Cryptocurrencies and PayPal are missing. This is also another big disadvantage. They don’t charge any deposit/withdrawal fees by the way.
Crown Finance is an unregulated and probably a scam broker. Their website is too amateur designed and lack of information, also I can say there is no reason to work with them. Their minimum deposit limit is too high, MetaTrader 4 is not supported and payment methods are limited. I don’t recommend you to work with this broker.