SafeCrown Review – Crowning Achievement of Online Fraudsters

This shiny new website with golden graphics certainly seemed enticing at a glance. As soon as we noticed the costs for trading accounts with this firm, however, we knew something was not right

Follow our SafeCrown review as we peel back the layers of this sham and show how rotten it all is on the inside.

 Forged Legal Information

To either confuse traders, leave a positive impression, or simply avoid legal scrutiny, this firm uses a bunch of falsified legal information. If you check out the site footer, you’ll see one firm being mentioned – New Traders Holdings. This entity is allegedly incorporated under UK laws, but it cannot be found on the UK Companies House register.

Below that, there’s more confusing information. It also says that the website is run by a firm called Corny Solutions LLC, which allegedly operates out of SVG. Inquiring with the SVGFSA database returned no results, either.

Just Part of a Bigger Scheme

There is nothing legitimate about the SafeCrown scam. Since the company isn’t even registered at the addresses they claim to exist on, it’s a question whether this entity is real.

While going through regulatory databases, we found several warnings posted on the account of their illicit financial activities. CNMV was the first to sound the alarm, but the warning was reposted by FINANSTILSYNET,  FI, FIN-FSA, FSMA, and FCA. According to the authorities, this domain belongs to a larger fraudulent group that runs websites like newtradersholdings.com, lyxmont.com, isotrader.cc, and so on.

Different Websites, Same Goal

The trio of fraudulent domains, safecrown.net, safecrown.org, and safecrown.info, were launched at approximately the same time. The oldest of the bunch is .net variant, created in February 2024, which is the only one you’ll find any SafeCrown reviews talking about.

The TrustPilot page that contains customer testimonials has an average score of 2.7 stars, despite the swindlers’ best efforts to pump up the numbers.

Here are the areas these con artists seem most interested in:

• Canada
• United Kingdom

Spend Millions and Receive a WebTrader

Despite all the praise sung in the trading platform advertisements, the software itself is borderline useless. SafeCrown platform is your basic mass-produced WebTrader, completely devoid of any advanced features. The charting feature is ripped straight from TradingView, and the interface is sluggish and buggy. It’s a far cry from its industry-standard competition like MT4, MT5, or cTrader.

Accounts aren’t very inventive, either. These are the so-called tiered accounts, with the only differences being higher bonuses, higher leverage and larger “rewards”. They are all ludicrously pricey, with the most expensive one costing a whole million:

• Basic – $5,000
• Silver – $10,000
• Gold – $25,000
• Platinum – $100,000
• Diamond – $1,000,000

Avoid These Trading Terms

One of the easiest methods to use in order to tell the difference between a legitimate broker and a fraud is by examining the trading conditions. 

For instance, EU and UK-regulated firms can’t allow leverage higher than 1:30, while the SafeCrown trading portal offers exposure of up to 1:1000. Verbex Group is another example of an illicit platform that offers similar trading conditions.

Besides that, no other fees are even remotely outlined. You won’t be able to learn about spreads, swaps, and other trading costs. Also, all legal information is kept hidden, and there is no way to access legal documents on the site.

Huge Bonuses Promoted

We all know that cybercriminals will throw all kinds of baits to lure victims into investing in their fake platforms. This sham does this, too, by offering high bonus incentives. Depending on the account type you decide to buy, your cash bonus can be up to 125%! 

Naturally, no withdrawal terms are disclosed and you will most likely be subject to additional financial extortion under various excuses related to bonuses.

Don’t Expect Any Payouts

When it comes to money flow, the single supported payment channel is Payepo (payepo.com). This completely unknown digital wallet service looks about as reliable as the broker itself. Withdrawals are handled through SafeCrown crypto transfers if they are handled at all, since there is no withdrawal policy. Additionally, fraudsters like this one and Excellence Markets aren’t exactly known to release the stolen money.

The only place you’ll find any info on payouts is in the FAQ section on the site. Besides the privacy-invading identification requirements and the 24-hour processing time, little else is disclosed.

Messages to Support Left Unanswered

You’re probably aware that reputable online investment brands display the utmost care and interest in the opinions of their clients. After all, a satisfied customer is the best proof of good practice. Sadly, these charlatans can’t even mimic a well-established brokerage powerhouse. 

That’s because no one tends to the client’s needs. The only way to get in touch with the support office is via an online form, but no one replies to the inquiries anyway!

Get Your Investment Back!

Do you feel your entire deposit is stuck on this unscrupulous investment website? Do countless issues come up when you attempt to make a withdrawal? That probably means you’re being targeted for a scam.

To avoid legal turmoil and headaches related to chargebacks, you can rely on our team of recovery experts. Our chargeback professionals can help you recover your lost investments, so contact us without hesitation.

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