Beware! Crown Signals is most probably a scam system! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Those who carry the most blame for the high risk of fraud in forex trading are without-a-doubt the so-called crypto robots. Usually with such robots we will see only a website with a trailer video describing a hot offer on the crypto market. However, Crown Signals is by the looks of it surely a crypto robot, but it’s offer has nothing to do with crypto. It purports to have developed a trading software for forex that signals all clients about the precise right time to buy or sell. From the website we further learn that Crown Signals has an accuracy of 92 per cent which certainly is impressive – if it had anything to do with reality. Putting the website to closer scrutiny we found out disturbing things. Read on to see what we mean by that.
No company, no address, no country of origin
Despite our thorough research, we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin. This is nothing out of the ordinary when dealing with crypto robots. They usually don’t even put the effort in finding a fake registered address, because they will most likely be forced to create a new website, after the last is exposed by reviewers online. Furthermore, we could not register with Crown Signals due to some technical difficulties. This inclines us to believe that the website is created solely for traders to feed it with their personal data.
This is perhaps the most popular scam in the trading world. Precisely such websites, promising unrealistic winnings through crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like 720ption or Brighter Trade urging them to invest.
No verified track record
One of the biggest problems with crypto robots such as Crown Signals is the lack of assurance for results. Platforms such as eToro or Zulutrade allow you to search through the profiles of different traders, taking notice of his track-record in trading, whether losses or winnings are the majority. All this transparency further allows for trust to be created between the client and provider. Something which is seriously missing with Crown Signals and traders are left relying only on the word of a crypto robot, and that hardly is enough.
No regulatory supervision
We should also point out that such operations are not overseen by any relevant authority. The people behind Crown Signals are not bound by any government regulator and potential clients do not participate in any safety mechanism in case of fraud.
Last, but not least – mere way in which such operations seek funding is troubling. If Brighter Trade truly had something of value to offer, they wouldn’t be relying on cheap traffic through a badly-done website, but would have found alternative means of financing itself. They can apply for a credit. Another popular option among today’s crypto companies is raising money through crowd-funding. However, those options are available only for legitimate companies, and Crown Signals most certainly is not among those.
Having in mind everything that was laid out – we must say that Crown Signals strikes us as a standard scam operation and we advise those interested not to risk it.