Crests Financial Review Is Crestsfinancial.com A Scam

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Crests Financial Review: Is Crestsfinancial.com A Scam?

Crestsfinancial.com Review: this is the website of a Forex, Binary Options, and cryptocurrency broker that alleges to be based in the United States. Is it safe to invest funds in Crests Financial? Read what our investigation reveals about this company before doing anything else.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

When we went through the website, the broker claims to be operating out of the United States of America. Trading in the US is under the jurisdiction of the National Futures Authority (NFA). All brokers in this region should be licensed by the commission to be viewed as legal. But when we checked, there was no mention of it.

Also, it mentions the ASIC in passing. Since there is a company in Australia named Crest Financial Services, it is important to know that it is not related to this broker in any way. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Crests Financial

Only the ROIs may be tempting to traders and investors on the page of Crest Financial. Depending on the type of investment made, traders can get about 20% to 40% after 30 days. Also, clients are promised reliable protection and instant payments.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Crests Financial Trading Platform

There is no worthy information about the trading platform used by the broker. Usually, readers and traders are advised to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are forex, binary options, and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

The maximum leverage offered and spreads used are not mentioned. Returns on investments are 20%, 24%, 30% and 40% for the four types of accounts available.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Crests Financial

The means of making deposits and withdrawals with this broker are not mentioned. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with the Forex broker is $500, which is higher than the average of $100 – $250 common among legit brokers or not. Withdrawal fees are not stated but the broker mentions that it does not allow withdrawals less than $1,000.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Blacklisted in New Zealand

We found that the broker has been mentioned as a possible scam outfit by the New Zealand regulator, the FMA.

Is Crests Financial Licensed?

No. Crests Financial is not a properly licensed brokerage. It is not permitted to trade in the US by the National Futures Authority (NFA).

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To contact the broker or an agent of its customer care service, dial +1863 821 9100, +1 9293 148647 or send an email to [email protected]

Conclusion

As an unlicensed brokerage targeting regulated markets’ clients, we rate Crests Financial low. Besides this, the website does not inspire confidence as there is no clear mention of the services offered. The returns promised may be tempting but the minimum deposit required is high and withdrawal conditions are unclear.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Checking your browser before accessing scamrecovery.net.

This process is automatic. Your browser will redirect to your requested content shortly.

Crests Financial Review – is crestsfinancial.com scam or good forex broker?

Trading Accounts and Conditions

Investment plan Min. deposit Monthly returns Spread/Payout
VIP $500 20% N/A
Silver $5 000 24% N/A
Gold $50 000 30% N/A
Diamond $500 000 40% N/A

Crests Financial presents itself as a US-based investment intermediary offering dealing in forex, binary options, as well as cryptocurrencies and Bitcoin mining. While this may seem like diversified product portfolio, the broker’s offer remains utterly unclear.

If you are tempted by the monthly returns this broker promises, be sure to read this review first, as we have major concerns about this broker, which will be highlighted below.

Crests Financial Advantages

Not any significant.

Crests Financial Disadvantages

No company name, no license

Crests Financial mentions nothing about license, nor financial regulation. What is worse, its website doesn’t even feature the name of the company operating the brand, nor a contact number. There is only an address in the USA.

So, we may safely conclude that this broker is unregulated and anonymous, which is one of the worst scenarios in the online trading world. Doing business with unregulated broker is risky, and investing with an anonymous one basically means throwing your money in the trash.

We should also note that the broker is not associated in any way with Crest Financial Services (http://www.crestfs.com.au/) – a company providing various financial and fund management services, which holds Australian Financial Services License.

Blacklisted by New Zealand’s FMA

What is worse, the New Zealand’s Financial Markets Authority (FMA) has included Crests Financial in its warning list of suspected scams.

The authorities said they have received a complaint from a New Zealand resident who invested with Crests Financial, and wasn’t allowed to withdraw any money. This makes us almost certain this broker is a fraudster, so you’d better stay away.

Not clear about its services

Crests Financial has not announced any relevant trading conditions, other than the minimum investment amounts required for the various investment plans and the promised returns. It does not offer free testing service, nor access trading platform.

We always view the lack of information as huge negative, and advise investors to always be as informed as possible before deciding to trade with a brokerage.

The broker does not offer demo accounts, and we couldn’t log into any platform even after registering a live account (without depositing any money). We only got access to some strange “dashboard”, where trading is not enabled.

This leads us to suspect that Crests Financial doesn’t offer a trading platform at all, and only aims at receiving deposits from clients that are unaware of its intentions. That said, most forex brokers offer trading on the ever-popular MetaTrder4 (MT4) platform, as it is preferred by the majority of traders.

High initial deposit, excessive minimum withdrawal set

A minimum investment of $500 might not seem like too much to some of you, but it is a high initial deposit when compared to what most forex and crypto brokers require as a start. With most financial services providers, you can start with $100 or even less, and many of those brokers are licensed by reputable financial agencies.

What is worse, in the FAQ section of Crests Financial’s website we read that the minimum withdrawal amount is $1000, which means that traders cannot withdraw any amount below that sum. That is, of course, if the broker allows withdrawals at all.

Conclusion

Considering the lack of adequate company information and regulation, Crests Financial is clearly not legitimate and not regulated broker. As such, it is not allowed to operate on heavily regulated markets like the USA, EU, Australia or New Zealand. Nonetheless, the broker obviously targets investors in New Zealand, which hasn’t gone unnoticed by the local financial watchdog.

Those of you looking for a trustworthy broker operating in New Zealand, may check out the below link and select among our list of licensed financial services providers.

Here is a summary of the present review of Crests Financial:

Pros Cons
None No company name, no license
Not clear about its services
No platform
High initial deposit, excessive minimum withdrawal set
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Like this post? Please share to your friends:
Binary Options Trading Education
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: