What is Crown Capital FX?
Crown Capital FX is an online foreign exchange broker that offers trading in a wide range of currency pairs. The company is based in the United Kingdom and is regulated by the Financial Conduct Authority (FCA).
Crown Capital FX offers two types of accounts: a standard account and a VIP account. The standard account requires a minimum deposit of $250 and offers spreads from 1.8 pips. The VIP account requires a minimum deposit of $10,000 and offers spreads from 0.8 pips. Crown Capital FX also offers a demo account for those who want to try out the platform before trading with real money.
The Crown Capital FX website is available in English, Spanish, French, German, Italian, Russian, and Arabic. customer support is available 24/5 via live chat, email, or telephone.
Crown Capital FX has been in business since 2009 and is owned by Croydon Investments Limited.
The Different Types of Accounts
There are three main types of accounts at Crown Capital FX: the Standard account, the Premium account, and the VIP account. The Standard account is the most basic account type and requires a minimum deposit of $250. The Premium account is the next level up and requires a minimum deposit of $1,000. The VIP account is the highest level account and requires a minimum deposit of $5,000. Each type of account offers different benefits, including different leverage ratios, spreads, and access to customer support.
The Platforms Offered
Crown Capital FX is a brokerage that offers the MetaTrader 4 and MetaTrader 5 platforms for trading forex, CFDs, and precious metals. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
The MetaTrader 4 platform is a well-known and popular choice among traders. It offers a user-friendly interface, a wide range of analytical tools, and customizability. The MetaTrader 5 platform is the newest version of the MetaTrader platform and includes additional features such as more advanced charting tools and support for hedge funds.
Crown Capital FX also offers mobile trading platforms for Android and iOS devices. These platforms offer all of the features of the desktop versions, but are designed for use on smaller screens.
The Pros and Cons of Crown Capital FX
Crown Capital FX is a reliable online broker offering trading in a wide range of assets including forex, commodities, indices, and cryptocurrencies. The company is based in the Seychelles and regulated by the Financial Services Authority (FSA).
The main advantages of Crown Capital FX are its low minimum deposit requirement, high leverage ratio, and fast execution speeds. The broker also offers a free demo account and 24/7 customer support.
On the downside, Crown Capital FX charges commission on all trades and has limited payment options. The company also does not offer any bonuses or promotions.
Overall, Crown Capital FX is a good choice for online trading if you are looking for a reliable and regulated broker with low fees.
Trader Ratings
Crown Capital FX is a popular online broker that offers a variety of different account types and features. However, what do their clients think of them? In this article, we take a look at Crown Capital FX’s ratings from real traders to get an accurate overview of the broker.
First off, we looked at the average rating that Crown Capital FX has received on different review sites. On Trustpilot, they have an 8.6/10 rating which is very good. However, on Forex Peace Army, their rating is only 3.0/5 which is not as impressive. Although it’s not the best rating on Forex Peace Army, it’s still decent considering that most brokers get much lower ratings on that site.
Next, we looked at the minimum deposit requirement for Crown Capital FX accounts. The minimum deposit for a Micro account is only $50 which is very low compared to other brokers. This shows that Crown Capital FX is accessible to everyone regardless of their budget.
Then, we looked at the spreads and fees charged by Crown Capital FX. The spreads are variable and start at 0.8 pips for the EUR/USD currency pair which is quite low. However, there is a commission of $4 per lot traded which can add up if you’re trading large volumes. Overall, the spreads and fees are average when compared to other brokers in the industry.
Lastly, we deposited some money into a Crown Capital FX account to test out
Conclusion
All in all, Crown Capital FX is a reliable forex broker that offers a great selection of tradable assets, low spreads, and fast order execution. However, its lack of regulation may be off-putting for some traders. If you’re looking for a regulated broker with similar features, we recommend checking out our list of the best forex brokers.