The FCA issues a warning against Crystal Nova On September 4, 2023, the Financial Conduct Authority (FCA) issued a warning against Crystal Nova, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/crystal-nova
Crystal Nova
VisitRisk Level - High
Crystal Nova
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that Crystal Nova is an unregulated broker It is a significant scam indicator that Crystal Nova fails to disclose its regulatory information and licensing data.While Crystal Nova is allegedly domiciled in the UK, there are no indications that the platform is registered with the Financial Conduct Authority (FCA). Furthermore, the FCA has issued a warning against Crystal Nova, stating that it is an unauthorized firm soliciting British investors without the required authorization.In essence, Crystal Nova is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Crystal Nova is unequivocally a scam.
BrokersView has identified that Crystal Nova's website is currently offline BrokersView found that the domain "https://www.crystalnovafxtrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
The website of Crystal Nova cannot be reached any longer. Is it a scam? BrokersView has identified Crystal Nova as a potential scam. The company failed to provide any regulatory information to substantiate its legitimacy. Furthermore, it is an unauthorized firm operating in the UK, which has led to a warning from the Financial Conduct Authority (FCA). For an unlicensed trading platform like Crystal Nova, there is a high likelihood that it will shut down its existing website without notice once its fraudulent activities are detected by financial regulators.We strongly encourage you to report this case to your local authorities. In the meantime, we would like to remind you to remain vigilant against unsolicited messages claiming to have the ability to help you trace or recover your lost funds. This is another form of scam, known as the Recovery Room Scam, which targets victims of fraudulent trading platforms with the intention of further depleting their resources. View Source
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