Crystalead Review: A Closer Look at the Broker

Since the broker’s website is offline and many clients are trying to gather information for a successful dispute, we’ve decided to put it all in one place. Read our Crystalead review and find out everything there is about this fraudulent trading firm.

What About Crystalead Regulation?

Crystalead is a broker allegedly based in Ireland, without an official owner or an actual address. Usually, when companies lack information, it means they are somewhere offshore, hiding from actual regulatory supervision. We cannot say it with absolute certainty, but the behavior and everything in regards to Crystalead makes us believe that’s the case with this firm as well.

Therefore, your funds are not safe, and if you cannot contact the brokerage and get them back, read this review until the end and check for possible solutions.

In addition to the above, we strongly advise you not to invest in Nash Markets, Expert Financial Solutions Limited and RichFielder fraudulent brokers.

Crystalead Warnings From Financial Regulators

Since everything regarding this broker is suspicious, we checked if any regulator noticed it as well. And the answer is yes. One of the Canadian regulators, BCSC, noticed that Crystalead provides illegal financial services in the country and published an official warning.

Fund Withdrawal Issues With Crystalead

Since the broker suddenly went offline after being exposed by the regulator, all clients who had any money invested are now unable to get it. It’s not just that the website is down and logging in to an account is impossible, but the broker didn’t even bother to contact customers or let support answer their calls and emails. 

If you have had a similar situation and cannot get your money back, let us know.

Also remember the names of the SwissGoldFX, DT-Index and AssetDex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas Of Crystalead Scam

As mentioned, the Canadian regulator issued an official warning due to many scams in this particular country. Based on Crystalead reviews, we can tell that most victims come from Canada and Cyprus, while we also have complaints from the UK, Netherlands, and Scandinavian countries.

Wherever you are, be aware of the Crystalead scam.

Traders About Crystalead Scam

Most complaints are currently focused on clients’ inability to access their trading accounts. Of course, when you know that your money is in some account and you cannot access it, this is where the panic takes over. Besides withdrawals, many complain that account managers were rude and directly told them that they have been scammed and shouldn’t hope for any payouts.

How Does Online Trading Scam Work?

There are brokers such as Crystalead whose primary goal is to extort funds and disappear. That’s precisely what happened here. Once the company gathered enough funds and noticed the potential threat of being exposed by regulators, their website was shut down, and a new one will probably open soon with the same idea.

There are many companies like this, and you need to know how to recognize them. If you see a too good ad or are promised a too big profit and you sense that something is wrong, it probably is.

Never expect to become a millionaire overnight, and always make sure to be involved with Tier1 regulated brokers.

Scammed by Crystalead? – Tell Us Your Story

If you were scammed by Crystalead or a similar bogus broker, let us know. Our support department is here to book free consultations with a chargeback specialist to help you get your money back.

But What Is A Chargeback?

A chargeback is a tool that allows your bank to reverse fraudulent online transactions if there is sufficient evidence. For more details, contact us via online chat and book a free consultation.