Chronovalor Review

Have you come across Chronovalor?

This platform presents itself as a broker for trading forex, stocks, and cryptocurrencies. However, it operates outside regulatory boundaries.

Chronovalor is unlicensed and has been flagged by major financial authorities, including the UK’s FCA, the Netherlands’ AFM, and Belgium’s FSMA.

Chronovalor is linked to four other questionable online brokers Blantomic, HighBTCstock and TheBtcPro sharing several characteristics that suggest they are connected.

Read on to discover why investing in this platform could be a risky move.

Key Points

• Warnings from Regulators: Flagged by the UK’s FCA, the Netherlands’ AFM, and Belgium’s FSMA.
• Unregulated Activities: Operates without proper licensing.
• Unidentified Founders: Founders remain unknown.
• Anomalies in Records: Inconsistencies in founding documents.
• Consumer Issues: Reports of service and fund withdrawal problems.

Chronovalor’s Mysterious Beginnings

Did you know that Chronovalor initially operated out of Canada Place in London?

Following alerts from financial watchdogs, the company moved its address to Level 47, 22 Bishopsgate. Is this merely a coincidence?

Furthermore, customers who felt misled reported communications from tony.m@chronovalor.com and james.be@chronovalor.com.

Chronovalor claims it was established over a decade ago by an enthusiastic trader, yet details about this founder are conspicuously absent.

Additionally, an investigation on Crunchbase indicates that Chronovalor was actually founded on March 4, 2023, contradicting their claim of being around for ten years.

These inconsistencies, along with the anonymous founder, suggest potential issues with the company’s legitimacy.

Is Chronovalor a Regulated Broker?

Chronovalor openly admits on their website that they are not regulated:

“Chronovalor is the classic example of the latter as on one hand it is doing business but on the other, it is awaiting to become fully regulated.”
— chronovalor.com

They claim to be in the process of obtaining regulatory compliance:

“At present, however, our regulatory compliance is underway, and we are hoping to obtain permissions when a decision is made by the authorities.”
— chronovalor.com

Interestingly, Chronovalor emphasizes the importance of licenses on their website and even offers tips on identifying shady brokers. This could be an attempt to appear legitimate and build trust by projecting transparency.

However, it’s crucial for potential investors to recognize that Chronovalor remains unregulated, which significantly increases the investment risk.

Financial Watchdog Warnings

Chronovalor has been flagged multiple times by top regulators for activities that resemble fraud:

AFM Alert in the Netherlands

On March 26, 2024, the AFM issued a warning about Chronovalor, labeling it as a potential “boiler room” operation.

These operations are known for aggressive sales tactics combined with fraudulent financial activities, a highly suspicious combination.

FCA Alert in the UK

On March 18, 2024, the UK’s Financial Conduct Authority issued a major warning about Chronovalor.

Despite not being approved by the FCA, Chronovalor has been acting as if they are, misleading investors into believing they are an authorized firm.

This is typical “clone firm” behavior and is a significant red flag for potential investors.

FSMA Alert in Belgium

On May 16, 2024, the FSMA also issued a warning about Chronovalor.

This further underscores the company’s dubious operations and the high risk it poses to investors.

Scammers often mix real and fake details, such as additional email addresses, phone numbers, postal addresses, and Firm Reference Numbers (FRN).

They blend these fake details with information from legitimate firms and may frequently change their contact details to avoid detection.

Trading Platform

Chronovalor is a web-based CFD broker that requires a referral code for sign-up, which is unusual and raises concerns.

While they offer a variety of trading assets and educational tools, the lack of clear regulation is a significant issue. Despite their polished setup, the absence of regulatory oversight makes it a risky choice.

What Can You Trade at Chronovalor?

• Currencies
• Stocks
• Indices
• Cryptocurrencies
• Commodities

Chronovalor Leverage & Spreads

Chronovalor claims to offer tight spreads, but they provide insufficient details for proper comparison.

They advertise leverage up to 200:1, but without an FCA license, this is a red flag since the maximum leverage allowed in the UK is only 30:1.

Deposit & Withdrawal Methods

• Bank Wire Transfer
• Credit or Debit Card
• Internet Transfer
• Crypto Wallet Transfer

Learning Resources

Chronovalor offers educational resources such as eBooks, videos, webinars, and one-on-one sessions with professionals to help traders enhance their skills.

Chronovalor Account Types

Chronovalor offers eight different trading account types, which notably mirror those of HighBtcStocks, TheBTCPro, Blantomic and Exorays, suggesting a possible connection between these platforms.

Bronze

• Market Reviews
• Trading E-Book
• Webinar Access
• Social Trading

Silver

• Market Reviews
• Trading E-Book
• Webinar Access
• Social Trading
• VOD: Advanced

Gold

• Market Reviews
• Trading E-Book
• Webinar Access
• Social Trading
• VOD: Advanced
• 1 Risk-Free Trade
• Personal Assistant

Platinum

• Market Reviews
• Trading E-Book
• Webinar Access
• Social Trading
• VOD: Advanced
• 1 Risk-Free Trade
• Personal Assistant
• Customized Account

Diamond, Premium, and VIP

• Market Reviews
• Trading E-Book
• Webinar Access
• Social Trading
• VOD: Advanced
• 1 Risk-Free Trade
• Personal Assistant
• Custom Account
• Access Trading Room
• Trade Specialist
• Exclusive Updates

Islamic Account

• Market Reviews
• Trading E-Book
• Webinar Access
• Spreads: Regular

The striking similarities between Chronovalor and the account types offered by HighBtcStocks, The BTCPro, Blantomic and Exorays raise questions about the possibility of a common owner or operator behind these websites.

Customer Reviews

Chronovalor is still operational despite lacking regulatory oversight, and numerous users are reporting significant issues such as being unable to withdraw funds, unresponsive customer support, and unauthorized transactions.

These are common indicators of scam operations.

Sitejabber: Reviews on Sitejabber.com are currently under scrutiny for potentially being fake, suggesting that Chronovalor may be attempting to manipulate its reputation.

This practice is highly misleading for investors.

Reviews.io: User complaints on Reviews.io highlight various issues, including poor customer support, difficulties with withdrawals, and misleading information.

These reviews suggest that the platform may not meet user expectations.

Final Reflections

Chronovalor presents several significant red flags for potential investors. It operates without regulation and has been explicitly warned against by major financial authorities such as the UK’s Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM).

More Red Flags:

• Suspicious Origins: There are unclear details about its founding and leadership.
• User Complaints: Numerous reports highlight poor service and difficulties with fund withdrawals.
• Clone Operations: Chronovalor appears to be a clone of other scam trading companies like HighBTCstock, Blantomic and theBTCpro.

These issues cast serious doubt on Chronovalor’s legitimacy and reliability. Therefore, it is advisable for investors to avoid Chronovalor.

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