7 Reasons You Should Avoid CrestOptionFXTrade
7 Reasons You Should Avoid CrestOptionFXTrade
1. Regulatory Warning from ASIC
On July 25, 2025, the Australian Securities & Investments Commission (ASIC) issued an official warning against Crest Option FX Trading. ASIC believes this company might be offering financial services or products without proper authorization. That means users in Australia have no regulatory protection if things go wrong.
2. False Claims of Regulation Across Multiple Authorities
CrestOptionFXTrade claims regulation by several bodies: the FCA (UK), ASIC (Australia), CySEC (Cyprus), Seychelles FSA, and the Securities Commission of The Bahamas (SCB). Independent checks reveal no matching records with any of those regulators. This is a major red flag—companies that lie about regulation are often operating under the radar.
3. Highly Negative User Feedback on Trustpilot
The Trustpilot profile for CrestOptionFXTrade is extremely negative: a TrustScore around 2.5/5, based on 7 reviews—all 1-star. Users report serious issues: inability to withdraw funds, being locked into investments, then being assisted only through third-party “recovery” services. Such feedback is typical of crypto withdrawal manipulation schemes.
4. “Scam” Label by BrokersView
BrokersView explicitly lists Crest Option FX Trading as having operating status: SCAM. The site is described as an “unregulated broker,” indicating severe risk.
5. Warnings from Independent Watchdogs
Sites like Scamminder point out that CrestOptionFXTrade uses vague business models, promises of high returns, and unusual payment methods. These are well-known tactics in fraudulent operations.
6. No Valid Safeguards or Legal Recourse
Because Crest Option FX Trading is not regulated, users cannot rely on ombudsman services, compensation funds, or regulated dispute resolution. There’s no assurance of how funds are handled, or if investors are protected against misuse. This contributes heavily to unauthorized broker risk.
7. Risk of Deception Through Marketing & Impersonation
The company uses claims of multiple regulatory approvals, polished marketing, and promises of high returns to appear credible. But when regulatory bodies are checked, nothing holds up. This is a classic example of regulatory deception alert—mistaking appearance for legitimacy.
Conclusion: Why CrestOptionFXTrade Is a Big Red Flag
When examining CrestOptionFXTrade, what emerges is not just a warning, but a pattern—a pattern repeated by many fraudulent brokers. Each of the points above suggests this is a platform built more on illusions than substance. Let’s unpack why engaging with them is risky.
First, the ASIC warning is hardly trivial. When a regulatory authority like ASIC flags a company for unauthorized financial services, that means the broker is operating outside the legal safety net for investors. There is no oversight, no standardized auditing, no guarantee of data protection, and no requirement to hold client funds segregated. This is the foundation of
investment scam warning: if your broker isn’t under the jurisdiction of real regulators, you have almost no recourse if things go wrong.
Then there are the false regulatory claims. Claiming to be regulated by multiple authorities (UK’s FCA, CySEC, etc.) is a well-known tactic to seem legitimate. But independent checks proved these claims false. This manipulation of trust is dangerous: many investors assume regulation is in place and feel safe, when in fact there is none. That amplifies risk even more, especially for those unfamiliar with how to verify regulatory status.
The Trustpilot feedback is especially damning. All reviews are 1-star, describing broken withdrawal promises, loss of access to funds, or being pushed toward external “recovery services.” Withdrawal issues are among the strongest indicators of crypto withdrawal manipulation. Often, scammers let you deposit, but when you try to pull out your funds, they impose arbitrary conditions, delays, or demand further payments. Many of those affected end up paying extra just to access what was already theirs.
BrokersView’s labeling of Crest Option FX Trading as a “SCAM” shouldn’t be dismissed. Such labels are applied only after checking corporate documents, regulatory databases, review sites, and user complaints. It’s not based on rumor—there’s usually substantial evidence. If a credible watchdog lists it as scam, you should treat that as serious warning.
Scamminder’s observations reinforce this: vague business models, ambiguous payment methods, guarantees of profit. In legitimate trading, those guarantees usually come with fine print, risk disclosure, performance history, and regulated transparency. Here, they are conspicuously absent.
Finally, lack of legal safeguards is the final blow. Regulation doesn’t guarantee profits, but it offers a framework: how disputes are handled, how funds are protected, what your legal rights are. When a broker is unregulated, all that’s gone. For many investors, that means once their money is deposited, it may be unrecoverable. Absolutely no fallback exists.
Bottom line: CrestOptionFXTrade represents a high-risk, largely dangerous proposition. Operating claims of regulation are false. User feedback is overwhelmingly negative—withdrawals are blocked or delayed, and support is unreliable. Independent authorities like ASIC have issued warnings. For any smart investor, the consistent message is: steer clear.
If you still are considering it, you should do:
- Check ASIC’s investor alert list (it’s already listed).
- Verify with other regulators.
- Avoid putting in more than you can afford to lose.
- Be extremely wary of requests for extra fees to withdraw or for “processing” or “unlocking.”
The safest path? Choose a broker with verified regulation, a strong user track record, known transparent ownership, and positive feedback. CrestOptionFXTrade fails on almost all those measures. Don’t let slick marketing fool you—this is a platform with many warning signs and far fewer assurances.
