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.

WhiteCrow Market Limited states that it may terminate your access to your account at any time. You must agree to these Terms and Conditions when you register for an account.

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.

FAQ

What are the key facts about WhiteCrow Market Limited?

The company discloses the address of its physical office in the UAE and its St. Lucia registration number. It is worth noting that information about licenses is absent from the website and in the register of the Dubai Commission, DFSA. In addition, the operation of the broker since 2020 is not confirmed by a copy of the certificate of registration and the date of creation of the domain from 2024.

What's the risk to my wallet when working with this broker?

Anonymous owners manage this offshore resource. In addition, the broker has no license, and it states that the client's account can be blocked at any moment. This means that there is no guarantee that your investment will be returned. This is a 100% risk of damage.

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