In this review of The WhiteCrow Market Limited, we’ll take a closer look at a broker offering trading on financial markets, including national currencies, stocks, cryptocurrencies, and other assets. However, clients risk being unable to withdraw funds from their accounts. Why do we believe this? We explain further in this article.
Is The WhiteCrow Market Limited a Trusted Platform?
The organization is registered in Saint Lucia, a small island country in the Caribbean. It’s worth noting that companies with questionable reputations often register there. Saint Lucia is an offshore territory that doesn’t inquire into the origins of funds, making it attractive to fraudsters worldwide. At the address listed on their website, Ground Floor, The Sotheby Building, Rosney Bay Gros Islet, Gros Islet, Saint Lucia, you’ll find several dubious companies, mostly pseudo-brokers that scam clients out of their money.
This organization lacks any licensing. Without such a document, it cannot legally provide brokerage services. Traders who become clients will be trading at their own risk. If issues arise, there will be no regulatory body to turn to, as none have issued this company a license.
Concerned About Withdrawal?
The WhiteCrow Market Limited offers deposits via bank cards and crypto wallets. Account funding is available immediately after registration, and funds can be withdrawn through the same methods. However, no timeframe is specified for when funds will be received.
How Long Does The Broker Work?
The website does not indicate when the company was founded. Using the Whois service, we found that the domain was created in June 2024, but updated in September. This suggests the current version of the website was launched in early autumn. This is a common feature of “boiler room” scams (fraudulent projects that do not place client funds on the financial market). They create new websites once negative reviews appear online about previous sites. It’s best to trust companies that have been operating for at least a year.
Other Signs of Fraud
❗The website contains minimal information about trading conditions. This is unusual, as a reputable broker would openly share this information to build trust with clients. However, The WhiteCrow Market Limited does not disclose even the minimum deposit amount or leverage ratio. When trying to locate this information, the site redirects to a contact form. It’s likely done to collect contact details for persistent follow-up by sales representatives.
❗The site also features a series of positive reviews supposedly left by clients, likely to foster trust among traders. However, such reviews could easily be posted by the company owners using various accounts. Considering that the platform has been around for only a short time, it’s unlikely it would already have a string of overwhelmingly positive reviews.
The WhiteCrow Market Limited Review Conclusions
It’s hard to call The WhiteCrow Market Limited a reliable broker. The company lacks a license, and doing business with them is unwise. You may never see your funds again.
Advantages and Drawbacks
➕Nicely designed website.
➖Questionable registration location.
➖Lack of licensing.
➖Minimal information about trading conditions.
➖Company has only recently started operations.
FAQ
Is The WhiteCrow Market Limited a regulated broker?
No, it’s not. The organization has no license.
Is it safe to work with?
No. There is no guarantee you’ll be able to withdraw your money.
How can I get my money back?
It’s best to contact the police immediately. A chargeback may not always help.
Brief Conditions
|
Type |
Forex |
|
Location |
Saint Lucia |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
✅ |
|
Web-based Trading |
✅ |
|
Bonuses |
❌ |
|
Minimum Deposit |
❌ |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
✅ |