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Crystal Trust

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Operating status: SCAM

Website: https://crystal-trust.com/

Broker violations and abnormal records
  • 2023-04-11 BrokersView has Reviewed that Crystal Trust is an Unregulated Broker

    Crystal Trust claims to be operated by CRYSTAL TRUSTEE COMPANY LIMITED, which is authorised and regulated by the Registrar of Companies, New Zealand (licence number: 5860086). We searched the NEW ZEALAND COMPANIES REGISTER and found a matching result. But NEW ZEALAND COMPANIES REGISTER does not regulate forex brokers or issue forex licenses,, so having registration does not mean being authorized to provide financial services. The truth is that Crystal Trust is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Crystal Trust claims to be operated by CRYSTAL TRUSTEE COMPANY LIMITED, which is authorised and regulated by the Registrar of Companies, New Zealand (licence number: 5860086). We searched the NEW ZEALAND COMPANIES REGISTER and found a matching result. But NEW ZEALAND COMPANIES REGISTER does not regulate forex brokers or issue forex licenses,, so having registration does not mean being authorized to provide financial services. The truth is that Crystal Trust is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Crystal Trust looks good to me. Does this broker safe to trade with?

Chris Owen
Syria
2023-04-18
ANSWER Crystal Trust is a non-regulated broker that we advise against trading with, despite the seemingly attractive deals it offers.Crystal Trust claims to be operated by CRYSTAL TRUSTEE COMPANY LIMITED registered with the New Zealand Companies Office under licence number 5860086. Although we did find records matching this company in the registry of the agency, it is important to note that it is only a registrar of companies that has no legal authority to issue forex licenses or regulate entities engaging in forex activities. Having such registration doesn't mean being legal to provide financial services or products. Since it is located in the New Zealand, Crystal Trust must be authorized and regulated by the New Zealand Financial Markets Authority (NZ FMA). However, our search for this broker in the registry of the NZ FMA didn't yield any results. That means it offers financial services or products illegally.Regarding your question, Crystal Trust is not safe for investing since it is an unlicensed broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Crystal Trust and opt for fully regulated ones instead.
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