The Official Website Of Crownstone Cannot Be Opened For Unknown Reasons, So We Can Only Collect Some Relevant Information For Reference Only.
Overview Of Crownstone
Company Name: Crownstone
Established: 2024
Registered Country: Saint Lucia
Regulatory: Unregulated
Market Instruments: Global Forex, Indices, Crude Oil, Gold, Stocks And CFDs
Demo Account: None
Leverage: Up To 1:400
Spreads: Standard Account Start Spread Is 1.8 Pips, Elite Account Is 1.4 Pips, Professional Account Is Original Spread
Trading Platform: MetaTrader 5 (MT5)
Minimum Deposit: 1000 Dollars
Customer Support: 24/7 Support, Landline Number: + 97143494541, Email: Support@fxcrownstone.com
Registered Office Address: Offices Of Fortgate Offshore Investment And Legal Services Ltd, Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Grows-Islet, Saint Lucia
Actual Office Address: Office 105, 383-Al Thanyah First, Icon Tower, Dubai, United Arab Emirates
Regional Restrictions: United States, Cuba, Iraq, Myanmar, North Korea And Sudan
Introduction To The Platform
Crownstone Is An Unregulated Forex Broker Established In 2024 And Registered In Saint Lucia. The Platform Claims To Offer A Diverse Range Of Trading Instruments, Including Global Forex, Indices, Crude Oil, Gold, Stocks And Contracts For Difference (CFDs), Totaling Over 120 Market Instruments. Despite Its Unregulated Nature, Crownstone Offers A MetaTrader 5 (MT5) Trading Platform That Supports Desktop, IOS And Android Devices And Is Suitable For Experienced Traders.
Advantages And Disadvantages
Advantages:
Multiple Trading Products: Offers A Wide Range Of Trading Instruments Covering Forex, Stocks, Indices, Crude Oil And Gold, Among Others.
MT5 Platform: Use The Powerful MetaTrader 5 Platform, Suitable For Experienced Traders For Advanced Trading And Analysis.
Flexible Leverage Options: Different Leverage Is Available Depending On The Account Type, Up To 1:400, Helping Traders Scale Up Their Trades.
Disadvantages:
Lack Of Demo Accounts: Demo Accounts Are Not Available, And Novice Traders Cannot Practice In A Lower Risk Environment.
Standard Accounts Have Higher Spreads: Standard Accounts Have A Starting Spread Of 1.8 Pips, And Trading Costs Are Relatively High.
Higher Minimum Deposit Requirements: The Minimum Deposit Amount Of 1000 Dollars May Not Be Suitable For Traders With Smaller Budgets.
Unregulated: Unsupervised By Any Regulatory Body, Increasing Potential Risk And Transparency Issues.
Tradable Instruments
Instrument Types, Support
Forex ✔
Stocks ✔
Index ✔
Crude Oil ✔
Gold ✔
Cryptocurrency ❌
ETF ❌
Bond ❌
Account Types And Comparison
Crownstone Offers Three Account Types With Different Leverage And Spreads:
Account Type, Minimum Deposit, Maximum Leverage, Starting Spread
Standard Plan 1000 Dollars 1:100 1.8 Pips
Elite Plan 15000 Dollars 1:200 1.4 Pips
Professional Plan 50000 Dollars 1:400 Original Spread
Fees And Spreads
Account Type, Spread, Commission
Standard Plan, From 1.8 Pips, None
Elite Plan, From 1.4 Pips, None
Professional Plan, Original Spread, Yes
Trading Platform And Device Support
Platform, Supported Device, Suitable For Trader Type
MT5 Desktop, IOS, Android Experienced Traders
Not Supported By MT4, Beginners
Deposit & Withdrawal
Crownstone Offers A Variety Of Deposit Methods, But It Is Not Clear Which Payment Methods Are Specifically Supported. The 50% Deposit Bonus Advertised By The Platform May Have Latent Risk. Traders Are Advised To Exercise Caution When Operating Their Funds.
Customer Support
Crownstone Provides 24/7 Customer Support, Which Can Be Contacted Via Landline Number And Email. In Addition, It Has A Physical Office Address In Dubai, UAE, To Provide More Direct Support Services To Its Customers.
Legitimacy And Reliability
Crownstone Is An Unregulated Broker, Registered In Saint Lucia, With A Short Time Of Establishment And Less Than One Year Of Operation. The Lack Of Regulation May Lead To The Following Problems:
Transparency Issues: Lack Of Supervision By Regulators Increases The Latent Risk Of The Platform.
Security Risks Of Funds: Without The Protection Of Regulators, Traders' Funds May Face Higher Risks.
Dispute Resolution Difficulties: In The Event Of A Dispute, Traders May Have Difficulty Defending Their Rights And Interests Through Legal Channels.
Therefore, The Legitimacy Of Crownstone Requires Careful Assessment By Traders.
SUMMARY
Crownstone Is An Unregulated Forex Broker That Offers A Diverse Range Of Trading Tools And Flexible Leverage Options Suitable For Experienced Traders. However, Its Unregulated Status, Lack Of Demo Accounts And High Minimum Deposit Requirements May Be Detrimental To Novice And Budget-bound Traders. Traders Should Fully Understand Its Advantages And Disadvantages And Weigh The Risks And Choose Carefully Whether To Use The Platform.
