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Crystal Forex is operating since 2005. They are based in Sandton. They are advising clients regarding Indicies and Forex trading. They claim to be experienced and certified brokers. They believe every client has a unique goal and strategies that have to be adjusted accordingly. They have helped many clients trade successfully with financial security.
Crystal Forex is a forex indicator tool and uses Metatrader4 as a trading platform. It is a newly launched and developed technologically advanced trading indicator which is more accurate for trading signals. The system provides three trading modes or styles depending on your risk appetite, experience in trading, and expectation returns).
The site claims to make your trading profitable and simple. It has three trading modes. CFX_Safe (provides least risky trade signals), CFX_Standard (most general trading mode, medium risk, good for novice and experienced traders), CFX_Aggresive (maximum risk but quick profit, only for experienced traders).
Platform Crystal Forex uses is Metatrader4. You can play in any currency pair but Crystal Forex recommends only major currencies. It works during New York and London trading sessions. They claim you can use any broker but suggest using InstaForex, RoboForex, and XM.
The blue color appears for BUY (bullish trend) signal and the black color appears for the SELL (bearish trend) signal.
Services of Crystal Forex
They provide most of its services on Telegram. They provide a trading bot, intraday signals, profitable indices, and premium account management. To begin with, you have to choose from their premium services like HydraBot, signals, mentorship, and account management.
HydraBot Max – is a premium service costing 1000USD. It can be used for both, i.e. indices and currencies.
HydraBot – is a premium service costing 750USD (presently 500 USD). It automatically enters and exits trades. It adjusts lot size automatically according to capital. It is cool to install (plug and play type).
Investments – First there is a pool account where Crystal Forex trades on your behalf. Secondly, for the Account Management account, you have to pay 1/3 of the account as a management fee. For both, the options rate of return (ROR) depends on the amount you have financed and the proportions of the account. For ROR of 50% per week, you can opt for a Silver account and the minimum capital is 500 USD. For ROR of 55% per week, you can opt for a Gold account and the minimum capital is 2,000 USD. For ROR of 60% per week, you can opt for the Platinum account and the minimum capital is 5,000 USD.
Here you will be taught the type of analysis, intro to indices, volatility index, step-index, and Nas100. It is for 1 month and will cost you 150 USD.
There are two signal groups, a VIP room costing 50 USD and a VVIP room costing 70 USD. It is for one month. If you opt for free signals you get 2 -5 signals per week. If you opt for premium plans you get 2 – 8 signals per day. Secondly, premium customer queries are taken up on a priority basis. You get signals directly in your Telegram group. They are mostly sent between 8:00 to 19:00 (GMT).
Why Crystal Forex scam?
They are providing services in the UK without FCA permission. That is they are operating illegally. FCA has issued a warning.
No were, their address, contact no, email ID, name of operating personal, etc. is displayed on the website. The owner is unknown and who is managing the whole business is also unknown. No documents on displayed about the authenticity of their claim.
They have not updated their posts from 11th Feb 2021 on Facebook. Maybe they have changed their name to TradersWay.com.
If you think you have been scammed by Crystal Forex contact the FCA consumer helpline immediately at 0800 111 6768.
Use only authorized firms for all your dealings as you are somewhat protected.