CRIMSONWEALTHS has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.crimsonwealths.com.
Several red flags with CRIMSONWEALTHS: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
The so-called education at CRIMSONWEALTHS is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about ten months thinking they would help me learn.
Pros: Easy to use platform|Detailed reporting|Economic calendar|Two-factor authentication
Cons: Charting tools need more indicators|Email notifications too frequent
The reporting at CRIMSONWEALTHS is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Automated trading options|Easy to use platform|Wide product range
Cons: Email notifications too frequent
I invested $10,000 with CRIMSONWEALTHS after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I referred a friend to CRIMSONWEALTHS through a forum discussion. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Dedicated account manager|Full transparency|Easy to use platform
Cons: No integrated tax optimization
Do not use CRIMSONWEALTHS for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy withdrawals|Market news feed
Cons: Website design could be more modern|Limited ETF selection
I signed up with CRIMSONWEALTHS based on a colleague's recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Full transparency|Professional team
Cons: Could offer more webinars|No fractional shares
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. CRIMSONWEALTHS said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Quick verification|Segregated accounts|Risk management tools|Multiple order types
Cons: No integrated tax optimization|Website design could be more modern