CrestyBase Trade Fx has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Gold Sky Global. We’ve received over 5 complaints against CrestyBase Trade Fx.
CrestyBase Trade Fx claims to have 20 years of FX and CFD brokerage experience, yet it lacks transparency, regulation, and sufficient legal documents. Its shaky regulatory claims and weak trading platform raise red flags, indicating potential scams. To protect your money, always check a broker’s regulatory status and stay away from unregulated firms.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is CrestyBase Trade Fx Regulated? Do They Have a License?
CrestyBase Trade Fx presents itself as a reputable FX and CFD broker with over 20 years of experience and a global reach. However, some parts of the website raise questions regarding its validity and dependability. This study intends to help you identify between trustworthy brokers and those that may not satisfy professional standards, as well as recommend more reputable businesses for trading financial assets.
A professional broker’s website would normally include clear and thorough information about the company’s ownership, location, and regulatory compliance. Licensed financial service companies typically give thorough legal paperwork. CrestyBase Trade Fx, on the other hand, does not identify the firm that operates the website and restricts access to critical legal papers such as Terms and Conditions and Customer Agreements. Investing without knowing these things carries significant risk.
CrestyBase Trade Fx claims to be situated in the United States, a country noted for its strict regulation standards for brokers. To operate as a forex broker in the United States, a corporation must be licensed as a futures commission merchant and foreign currency dealer by the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
Furthermore, the website’s FAQ section states that the unnamed organization has licenses from the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission. However, examinations of these regulatory agencies’ databases show that no regulated broker uses the CrestyBase Trade Fx name or domain.
The lack of regulation or the presence of poor regulation is a huge red flag. It means CrestyBase Trade Fx might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of CrestyBase Trade Fx, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at CrestyBase Trade Fx
If you intend to invest in financial instruments, be cautious and thoroughly investigate brokers online. Ensure that any broker you are considering has the required licenses and is regulated by trustworthy agencies. Choosing a company that is regulated by the CFTC, the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), or an EU regulator such as the Cyprus Securities and Exchange Commission (CySEC) can give important protections and benefits.
Clients of reputed brokers benefit from precautions including negative balance protection and the separation of client and broker funds. Brokers in the EU and UK must join in guarantee programs that cover a percentage of the trader’s investment if the broker goes bankrupt, with assurances of up to €20,000 in the EU and £85,000 in the UK. The likelihood of insolvency is low since regulators enforce stringent net capital requirements on firms.
The CrestyBase Trade Fx website features example visuals from a mobile trading application. However, after opening an account, customers are given access to an imitation web-based trading platform that lacks fundamental order-placing functionality. Even if CrestyBase Trade Fx had a more compelling platform, the website’s legitimacy is still unclear. Untrustworthy brokers may utilize rigged trading software to generate the illusion of investing when no actual transaction occurs.
Legitimate brokers offer clients a wide selection of trading tools, including desktop, mobile, and web-based platforms. The industry’s most popular systems, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), include customization possibilities, multiple account usage, and automated trading capabilities.
Leading industry brands provide rookie traders with starting accounts that need modest deposits, eliminating the need to rely on less trustworthy brokers.
Cryptocurrencies and e-wallets such as PayPal are among the deposit options available at CrestyBase Trade Fx. However, in practice, only Bitcoin transactions work. Some people prefer cryptocurrencies because they are irreversible, but respectable brokers offer a variety of transparent payment methods, including credit/debit cards, bank transfers, and popular e-wallets like as PayPal, Neteller, and Skrill.
CrestyBase Trade Fx promotes forex, indices, equities, cryptocurrencies, and NFT trading, however the website lacks both legal licensing and technological capability to make financial instrument trades.
CrestyBase Trade Fx does not provide any information on the trading parameters it claims to offer. Legitimate forex brokers offer a variety of account kinds adapted to their clients’ unique capital and investment objectives, as well as clear and comprehensive information about trading characteristics such as leverage, spread, commissions, and order execution processes.
When opening an account with CrestyBase Trade Fx, customers can select leverage ratios of up to 1:500, which surpasses the levels permitted by registered brokers. While high leverage might boost profits, it also increases the likelihood of unexpected and big losses. Major regulatory bodies restrict retail traders’ leverage, with maximum levels set at 1:30 in the EU, UK, and Australia and 1:50 in the US, with lower leverage for more volatile assets.
CrestyBase Trade Fx fails to give enough legal documents, making potential traps unclear. Untrustworthy brokers frequently make withdrawing cash difficult by imposing exorbitant fees and impossible-to-meet trading volume criteria.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
CrestyBase Trade Fx Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
CrestyBase Trade Fx Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if CrestyBase Trade Fx might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online CrestyBase Trade Fx reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of CrestyBase Trade Fx, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like CrestyBase Trade Fx enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “CrestyBase Trade Fx reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising CrestyBase Trade Fx.
You should always look out for consumer complaints. In the case of CrestyBase Trade Fx, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about CrestyBase Trade Fx? You can share your complaint in the comment section or submit an anonymous tip.
Is CrestyBase Trade Fx Legit Or a Scam?
CrestyBase Trade Fx is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind CrestyBase Trade Fx can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust CrestyBase Trade Fx?
CrestyBase Trade Fx has various concerning qualities, including insufficient regulation, a lack of transparency, and an inconsistent trading infrastructure. Potential disadvantages include secrecy, doubtful claims of regulation, a lack of legal documentation, suspicious trading software, and an exclusive acceptance of Bitcoin payments, which may limit returns. To protect your interests and ensure a safe trading environment, you must proceed with caution and thoroughly examine such brokers.
All the evidence suggests that CrestyBase Trade Fx might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
