A brokerage firm registered in Saint Lucia and with an office in Dubai, UAE, claims to be the best in the forex and CFD market. Furthermore, this intermediary has been providing brokerage services allegedly since 2020 and has over a thousand accounts created on its platform. However, there is no evidence of this on the website, nor is there any information about the presence of a license.
How reliable is this project? We will try to find out the answer to this question in our WhiteCrow Market Limited review and conclude whether it is safe to trade with this broker.
How to Trade
Clients can trade on the MetaTrader 5 web platform. The broker promises to provide access to all products only to registered and verified users. The following services are announced on the website:
- 3 account types: 2 standard and 1 professional.
- 6 trading markets, including oil and cryptocurrency.
The company provides all trading conditions exclusively upon request of a potential client. The minimum deposit size, leverage, spreads, commissions, and other parameters are not publicly available.
Newsletters, most recently published in early August 2024, represent additional services. Three social media symbols exist, but they are not active.
WhiteCrow Market Limited Vital Info
The company’s registration documents are not available on the website, and its stated founding date in 2020 is highly questionable. First, it does not match the company’s registration number 2024-00403. Secondly, the website domain was created only in June 2024. Thus, the platform has been operating for less than six months.
The brokerage firm reports two addresses: in Saint Lucia and the UAE. We see no point in looking for a license of WhiteCrow Market Limited in Saint Lucia, as the activities of forex brokers are not regulated in this jurisdiction. However, this organization is not in the databases of the DFSA, which regulates financial organizations registered in Dubai. This indicates that this intermediary is acting illegally.
Pathetic scam artists! I started on the Whitecrow market platform and the problems started with requotes - prices were constantly changing, and almost always for the worse. I lost $1,117 in one week!!! And when I submitted a request to withdraw the balance of my deposit, the scammers started to stall and demand additional documents from me. In the end, after a month, I still haven't received my $883. This is a SCAM, not a broker!!!
I liked the service, especially the fact that each trader who makes a deposit is assigned a personal manager, and for a small percentage he will help you in trading, but I still decided to trade on my own, as I want to gain experience. There are also tutorials for self-study, the information is interesting, especially for beginners like me, it will be useful to familiarize with it. I deposited 800$ to my account at WhiteCrow Market Limited and I was able to earn 143$ in 3 weeks by trading currency pairs, of which there are quite a lot. For me, as a beginner, this is a great result. The platform has never let me down, and I sometimes even used it from my phone👍 Minimum commissions and spreads are available at thewhitecrowmarket.com. By the way, I withdrew money to the bank using my details and everything came in 2 days, but I only withdrew 75$ to test payments. I am satisfied with everything so far. I recommend
Representatives of this broker called me and I had a desire to try trading through thewhitecrowmarket.com for a while, but then changed my mind, because I did not find serious advantages and some guarantees of reliability. I didn't find any information about spreads here, commissions are also unknown, the company doesn't have a license, they indicate an exaggerated period of operation on the website, besides, there is zero information about the management, social media symbols don't work, there is no fresh content in the news. So I decided that I wasn't just going to risk it here for some obscure purpose. This is an offshore broker and I doubt that this registered Whitecrow market company actually runs this platform, also you need to invest quite a lot of money to start. In comparison, most of the more reliable and trusted brokerage companies have removed any minimum deposit limits.
I do not recommend cooperating with this broker. They are scammers who blocked my account when I tried to withdraw half of my deposit. They requested a bunch of documents from me repeatedly, I sent everything and then the scammers just stopped responding. My 4,400 USD is missing here. This is a theft and scam, not a brokerage company!
I decided to try trading here with a small amount of $680 usd even though I have always been skeptical about Forex. What did I get in the end? I found hidden commissions, unexplained loss of funds and a total lack of transparency, I ended up losing my entire deposit within a week. Apparently, this broker uses a system of deception to swindle money from unprepared investors. I was completely disappointed!
This is a terrible intermediary! I invested $1720 and everything was going well at first until I decided to withdraw some of the funds. The company staff refused to withdraw the money, basing this decision on some internal checks of my data. Then they blocked my account completely, saying that I was a fraud! How can they do this for their customers? This is completely absurd and a scam!
I am sad that there is no demo account, but in general, you can trade here for profit. However, why else do we come to the financial market for? That's right, for the profit! You can make money on thewhitecrowmarket.com, the conditions and the lack of interference from the platform allow you to earn.
I want to praise the broker for good service, I was provided with excellent trading conditions. I did not trust WHITECROW MARKET LIMITED in the beginning because they have little information about trading on their website, but still I decided to deposit $300, I was not so afraid to lose this amount, and I did not regret my choice, so I am very disappointed that traders write negative reviews about this platform. Perhaps, all those who scold the broker have not even tried to work on thewhitecrowmarket.com, and are just trying to worsen the reputation of the firm. So, I will tell you about my own experience. The manager of the company contacted me after registering an account, we got acquainted and he told me to write to him in case of problems, he helped me to choose a tariff, depending on the minimum deposit, as I wrote earlier, I started with $300. I saw at once that the platform is not bad, it is convenient to analyze, there are trading signals, leverage up to 1:500, but I have not used it yet. There is a big commission on the forex market - $7 per lot, but I can earn thanks to low spreads. I haven't withdrawn money yet, because I earned only $27 in one week.
I can say one thing - this is not a broker, but a total horror. I invested $700 and it turns out the managers apply commissions on both deposits and withdrawals. Besides, they put some inadequate spread, which grows exponentially on the news! First you lose money on commissions, and then on their “favorable” conditions. And, of course, if you contact support you will be told that this is “common practice”. Also, the managers will pester you with calls as soon as you register an account! Good companies don't do that...
What should I do if my money is stuck with an unscrupulous broker? I made a deposit into an account with WHITECROW MARKET LIMITED, assuming that this company could be trusted. I wanted to trade currency pairs, try to earn something in this direction, but alas, it did not work out. That's why I decided to withdraw my funds, as I didn't want to lose them further, my trading was not going well here, I wasn't very good at closing profitable trades and at the same time, the spreads are quite high, which is not favorable for a trader at all. I wanted to apply for a withdrawal, but I can not do it in my cabinet. The balance is in my cabinet, the money is there, 450 euros, but the system writes an error that I have no money on the account and therefore I can not withdraw anything. What is this nonsense? Are any of you aware of such problems? Silent technical support makes me even more nervous. I wrote several times to the specified e-mail, but there is no use, as there is no answer. In short, this situation makes me nervous. Do any of you know what can be done in this situation? Is there any way to somehow return the money or at least get a response from the support? The amount of 450 euros is significant for me.
The platform lags all the time, especially at times of high volatility. Because of this, I was unable to close a EUR/USD position, resulting in a loss of 740 USD. I received only advice to “reinstall the platform” when I tried to discuss this problem with support. Such service is unacceptable for serious trading.
Scammers give themselves away in every aspect. This broker does not have a good reputation. There are disclosures, warnings, cons, negative reviews, negative opinions about WhiteCrow Market Limited on the Internet. Meanwhile, if you come across any positive comments, they will only arouse more suspicion because they look fake. However, nothing is surprising about this. Even from an offshore broker's point of view, this project looks dirty :( there is no confirmation of registration in Dubai, some fake registration is on Saint Lucia. At the same time, I see blatant lies regarding the date of foundation of the firm, which is a red flag. If the firm was honest to users, I could trust it, but why do they resort to false details? There are many reliable intermediaries in the market, I suggest you investigate their offerings rather than rushing to open an account with a dubious platform.