The FPA has confirmed that Crown Forex is being liquidated by FINMA, the Swiss banking regulators. Crown Forex's live support is still claiming that there are no problems.

We urge traders not to deposit any money with this company. We encourage anyone who has money with them to contact the liquidators immediately.

FINMA - Crown Forex SA

Please click the discussion thread link for their contact info. Company has been liquidated.

Beware of new companies with the same ownership. Crown Forex is out of business. They were shut down by the goverment in Sweeden. I received an email from someone telling me they where shut down and to contact them, which I did, but never heard another reply, after several weeks the platform would not connect. Review Moderation Team Note: Please read the scam finding for information about how to contact Crown's liquidators.

Issue escalated to Traders Court FPA Scam Confirmation against CrownForex GUILTY. Looks like Crown Forex has declared bankruptcy. This is an email from FINMA: Dear clients, The Swiss Financial Market Supervisory Authority FINMA has rendered on May 18, a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, at The decision will be published on May 29, at Effective immediately, as of the date and time of the bankruptcy opening, the activities of CROWN FOREX SA are suspended, the company, its Directors and officers are forbidden to make or receive payments, and all the clients.

The statement i copied below is the most false. I deposited money on the 23rd of Dec when FINMA was in control of the company. They will not return the money they are responsible for how could they be looking out for the interest of the investor. Those who deposited money after dec 9 should file a class action lawsuit against FINMA for withholding our funds.

How could a goverment logically not allow withdrawals yet allow deposits they will not return? FINMA was in fact conducting an investigation to screen the activities of Crown Forex SA. Dear Nancy Crown Forex S. Under the Anti-Money Laundering Act AMLA , financial intermediaries in the non-banking sector either require a license from FINMA as subordinated financial intermediaries DSFIs in the area money-laundering prevention or need to affiliate to a self-regulatory organization SRO.

Financial intermediaries in the non-banking sector are persons who on a professional basis accept or hold on deposit assets belonging to others or who assist in the investment or transfer of such assets.

If there are grounds for suspicion that a financial company is carrying out an activity that is not in line with the authorization requirements, FINMA will conduct investigations to establish the facts and, if necessary, take measures to protect investors' interests. On December 9, - at this time the predecessor of FINMA, the Swiss Federal Banking Commission SFBC - appointed a mandated investigator - Laurent Winkelmann, Ch.

Dear Keng Loong Choo Crown Forex S.

I have emailed the FINMA commision asking about Crown's future and this is what they replayed! For the time being and until a decision of the FINMA would not be in force and enforceable, we can not give you more information on this matter. Keep in mind that all further relevant information will be posted on the web site of CROWN FOREX SA, either on the client area after login or on the home page, as soon as they can be disclosed.

Crownforex, a Swiss based forex broker, made many investors and traders lose money accidently and ignored their clients' withdrawal requests for months since Oct. I have used them less than 2 months till now but I have very sad experience with this broker.

They sent me a balance sheet and caculated my total ammount for wrong. They NOT ONLY deleted my 7 benificial orders in trading and made me lose my big profits of USD It is to be known that the price 1. As a final result my orders were in USD floating loss. They ignored my withdrawal requests time and time so that I lost my trade and also couldn't have withdrawed my money till now.

Mrs May Zhang, one CE of the company, has told me they would made my noney withdrawed by 8th Jan. But when I sent my withdrawal request, I had been ignored till now and they gave another time limit of end Jan.

OFX | International Money Transfers & Currency Exchange

My suggestion is that Don't believe them and their promise. Their tactic is to get more fundings in and before they skip out, they can get money in as much as possible. I will continue to struggle for my right and would like to hold all their clients' hands together who have been wounded by the company, in order to save our deposits. I would like to ask whether Swiss is a financial security country, why FPA hasn't accounced any results about the investigtion and how they will resovle the problems that a broker without an banking license can be operate Review Moderation Team Note: The FPA has warned against placing money with Crown Forex for several months.

The FPA's Scam Investigations Committee is waiting for the results from the Swiss investigation into Crown before taking any further actions. Unbiased Forex Broker Experts. Review and Ratings Forex Brokers crownforex.

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Forex Brokers , Forex Scam. Court cases Open 0 Resolved 0 Not guilty 0 Guilty 1 Case ID Filed Case name Verdict FPA Scam Confirmation against CrownForex guilty.

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