Crownet has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
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. Crownet said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Responsive team|Excellent charting
Cons: Currency conversion fee exists
My card was charged twice by Crownet on the same day. I had to dispute it with my bank. Crownet then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Multi-currency support|Economic calendar
Cons: Help articles are sometimes vague
Where do I even begin with Crownet? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Comprehensive tools|Good mobile app
Cons: Limited cryptocurrency options
After using Crownet since I opened my account last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular updates|Tax reports included|Smooth onboarding|Market news feed
Cons: No dark mode on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Crownet is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The only good thing about Crownet is that they remind you why regulation matters. I found them after my brother mentioned them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Wide product range|Real-time alerts|Detailed reporting|API access
Cons: Limited demo account features|No phone support on weekends
I joined Crownet through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Market news feed|Educational resources|Multi-device support
Cons: Limited cryptocurrency options|Mobile app could be improved
I have been trying to close my account with Crownet for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Good analytical tools|Multi-currency support
Cons: Limited demo account features|Mobile app could be improved
Do not be fooled by the professional-looking website. Behind the scenes, Crownet is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Demo account available|API access
Cons: Limited ETF selection
For anyone considering Crownet, please be aware that this company has been flagged by Financial Services and Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status