Crown Finance is an unlicensed binary options broker that opened in February 2017. Crown Finance is owned by Elis Finance Ltd which is located at: Suite 305,Griffith Corporate Centre, P.O.Box 1510, Beachmont, St. Vincent & Grenadines.
Contact phone number for Crown Finance is: United States: +1(347) 389-1534 and United Kingdom: +44 208 068 2536. Their email address for withdrawals is: [email protected], and to see typical broker complaints, read this.
Crown Finance Broker Review
A review of the broker Crown Finance reveals that they use the Tradestation binary options trading software. They have some minor currency pairs for trading, including binary options for the Polish Zloty, Indian Rupee & Mexican Peso. Returns and payout for the $EUR/USD binary options ranges from 70% – 90%. Expiry times are shown is a way that is different from other brokers. For example, if it is 11:10 am and a trader selects the 45 min option, the option will expire at 11:45 and not at 11:55.
Minimum trade size is $5, and the maximum trade size is $10,000. Minimum account size is $250.
Managed Accounts Scam
The biggest scam with people investing in binary options, is their belief that their broker can generate consistent profits for them. We see that Crown Finance offers a “Investment Plans”, which is the reason for many complaints.
They write: “We can offer you a 3-5 year plan with a guaranteed 26% increase off of your initial investment per year. Every 6 months, you will be able to collect your profit, sum or all of it.”
Sorry, but that statement is false, because binary option brokers only make money if you lose your money. Learn more about the binary options scam.
You may have found this broker via an automated trading robot for binary options that promises high returns with no effort. Well this broker does not allow you to use an automatic trading software, according to their terms and conditions pages.
If you are interested in using a binary options robot, you should see the most popular ones, listed here.
Crown Finance Regulations
The first thing that the Scam Broker Investigator looks for when reviewing a binary options broker is a valid license, to determine if they are a legit or scam broker. We check to see if a financial regulatory authority in Europe like CySEC, CFTC in the United States or ASIC in Australia are monitoring them.
We reviewed Crown Finance and see that they are not a licensed broker. Investors interested in trading at a regulated broker can find licensed broker here.
Compare Binary Option Brokers
When choosing a binary options broker, the main difference between brokers is their regulatory status and trading platform.
24Option (read review) is a popular European licensed broker that offers binary and CFD trading on the Scipio trading platform, see here. Trading seeking an automated trading software usually choose the one from OptionRobot.com.
Your comments and feedback is appreciated. If you are currently investing with this broker, please share your experience in the comment section below.