Chronovalor

Once again, a scam project attempts to attract traders, or more precisely, their money, with promises of comprehensive education, unique trading terminal functionality, and highly favorable trading conditions. This time, the author is another pseudo-broker called Chronovalor. Its offers may seem tempting to some. However, the cost is one — the complete loss of invested funds. For those who are skeptical or unable to conduct a detailed analysis themselves, we have thoroughly examined this company and published the results in a traditional review.

Overview of Chronovalor

For a trader, choosing the right CFD broker primarily means assessing the quality of the company’s offerings and the level of trust in it. We will begin our acquaintance with Chronovalor from its official website — the main source of information about the project.

Broker History

Owners extensively and eloquently talk about its merits and advantages that traders will receive from collaborating with it. Unfortunately, most of these stories don’t contain specific information — figures, dates, characteristics, etc. The same situation applies to the company’s history.

Realizing that a journey to the origins can significantly impact user trust, the broker decided to write a whole text “Our Story” on “About Us” page. However, it remained true to itself — the informational value of this content is zero. As for the platform’s history, the only thing that could be found out is that it was created “Over a decade ago.” We aren’t inclined to believe every claim by Chronovalor and will verify the information later.

Chronovalor.com Website

The first thing a visitor to the broker’s official website will see is a black-and-red-and-white banner on an animated background. Developers assigned it an extremely important function — to serve as a polygon for placing the SIGN UP and LOG IN buttons. It’s quite challenging to call it a design find, as well as practically all other design solutions on the pages.

The main menu isn’t considered a strong point of the site either. For example, our logic couldn’t answer the question of why “About Us”, “Why Us”, or “Contact Us” ended up as separate items in it, while “Protection of Funds” and “Trading Account” are combined in a common section. It’s equally difficult to explain the value of “Blog” section, where there hasn’t been a single post in the entire existence of the broker.

There are also many complaints about the content. The impression is that authors of Chronovalor organized a competition, where the winner was recognized as the one who managed to create the largest volume of text with the least informational value. Otherwise, the appearance of pages such as:

• “Regulation”, where at least four times it’s stated that the broker operates under a license, but neither its number nor the regulator who issued it’s mentioned once.
• “Deposits and Withdrawals” without a single mention of available payment methods and conditions for non-trading operations.
• “Fees and Charges”, where information about commissions managed to be told without any figures.

In short, the creators of this website managed to indicate the broker’s presence on the network and, at the same time, skillfully avoid providing visitors with specific information about its activities. It’s an exemplary work of scammers who don’t want to attract unnecessary attention.

Registration Process and Personal Account

Chronovalor lacks any standards in providing brokerage services. It’s evident in the organization of the registration process. Anyone wishing to open an account needs to fill out just a few fields in a simple form.

In it, you need to provide:

• Personal information — name and surname, country of residence.
• Contacts — email address and phone number.
• Account currency.
• Authorization password.
• Referral code.

Upon submitting the completed form, users confirm acceptance of “Terms & Conditions” and “Privacy Policy”.

Traders who have worked with regulated brokers know that the registration process in such companies is much more complex. For example, the initial form requests more personal data (usually, a residence address is mandatory). In addition, European regulators require collecting information about the client’s experience and the origin of their funds. As a result, when opening an account, one has to fill out several pages of the questionnaire.

There’s a difference that clearly exposes Chronovalor as a fraudulent project. Only scammers can make entering a referral code a mandatory condition during registration.

All regulators prohibit such a limitation. However, the “regulated broker operating only under a license” Chronovalor either doesn’t know or has forgotten about it. To be honest, it’s ready to accept only those traders who are willing to deposit real money. Invited referrals undoubtedly fall into this category.

There’s another way to get the required code — contact Chronovalor support. Here, too, you’ll have to prove that a user is very interested in working with this platform, and to the extent that they are going to send money to the account. Indeed, this is one of the ways in which pseudo-brokers attract solvent clients and receive considerable amounts from them. Of course, more often than not, newcomers to the market, seduced by promises of quick profits, suffer in this process. Experienced traders understand perfectly well that scammers cannot offer anything unique that would justify opening an account with this particular company.

We didn’t try to find ways to obtain a referral code, although it limited our capabilities for investigating the client workspace of Chronovalor. However, we are confident that we will see a standard user account where only a limited set of account management and trading support functions are implemented. Expecting any innovations from scammers isn’t worth it.

Trading Platform

We never completed the account registration with Chronovalor and couldn’t evaluate the trading platform, which it boasts so selflessly. However, luck was on our side — we found the web trader login address, https://webtrader.chronovalor.com/login on the internet. Of course, without login credentials, we couldn’t access the terminal. However, as it turned out, it wasn’t required. The login screen was familiar, and a part of the platform’s screenshot on it only confirmed that the project uses well-known software.

We are well aware of the issues with this program:

• Developers failed to organize the list of tradable assets rationally. Choosing a new ticker each time takes time, which is critical for some trading styles (such as scalping) or in specific circumstances (for example, during a rapid market decline).
• There are only 4 positions in the list of graphic analysis tools. As a result, for some trading systems, alternative options have to be devised, sacrificing the accuracy and sometimes the logic of algorithms.
• The built-in programming language remains inaccessible. Because of this, it’s impossible to create custom trading robots and develop indicators. Functions for connecting third-party modules are also not provided. This significantly reduces the value of the terminal.

However, Chronovalor clients have the main complaints for an entirely different reason. The program allows a server administrator to interfere with the flow of quotes, placement, and execution of client orders. This means that trading (entry signals, profits, and losses) is determined not by the current situation on the exchanges but by the mood of the company’s employees. In this case, one has to forget about the fairness of relations between the broker and the client.

By the way, Chronovalor again provides unreliable information. The broker is not the software developer; the program is created and supplied by the company Easy Technologies. Why the owners of the project are making such a maneuver remains only a matter of speculation.

Contacts

A corresponding page allows you to see all available ways for clients to contact the company’s support service. Here you can find:

• Feedback form.
• Phone numbers +442038666815, +442038666817.
• Office address Unit 19 Canada Pl, London E14 5AH, United Kingdom.

What we see rightfully raises skepticism. There are substantial reasons for this:

1. We are starting to think that all scammers who have brokerage websites on the internet are concentrated in London on Canada Pl. Another assumption is that renting virtual offices here is the cheapest.
2. The broker mysteriously lacks an email address. Perhaps, on the Chronovalor staff, there are only professional traders, and no one has the time to set up a mail server on the hosting where the site is located.
3. There are no links to social media anywhere either. A broker existing for more than 10 years hasn’t created a single public page? It’s funny. More precisely, it becomes clear that there is simply no real company.

Analysis of Services Offered by Chronovalor

We have already seen plenty of irrefutable evidence proving that we are dealing with a fraudulent project. However, often all these arguments don’t matter for newcomers if they see favorable trading conditions or unique services. Can Chronovalor really captivate traders?

Funding and Withdrawal

We have already mentioned that there is no information about available payment methods and non-trading transaction conditions on the official Chronovalor website. If you read all the texts posted on its pages, you can literally piece together information about depositing and withdrawing funds from the broker from various places. It can be said that the following are used in monetary transactions:

• Bank transfers.
• Debit or credit cards.
• Other payment systems.

We couldn’t clarify the information in the personal account without having an active account, of course. However, we almost doubt that transparency is a concern. Scammers do not want to shine their own details on the internet, attracting the attention of financial and tax regulators. Therefore, most likely, the preferred method of settlement becomes transactions in cryptocurrencies. An alternative option is to provide payment details to each user individually.

Chronovalor Trading Conditions

Seeing the broker’s eagerness not to provide details about anything, we were prepared for a similar approach to trading conditions. And we were absolutely right — for 7 active types of accounts, Chronovalor only provided the minimum deposit amounts:

• Bronze — €10,000.
• Silver — €25,000.
• Gold — €50,000.
• Platinum — €100,000.
• Diamond — €250,000.
• Premium — €500,000.
• VIP — €1,000,000.

Scammers prefer to remain silent about other characteristics of the accounts. However, the approach is quite understandable. Their task is to attract new clients, for example, with offers such as insured transactions or access to webinars. The size of leverage and spreads means nothing at all — regardless of traders’ actions, whether they make a profit or a loss, all their money will remain with scammers forever.

Unique Features

It should be acknowledged that Chronovalor employees have managed to come up with a feature that may interest many traders. We are talking about the ability to open Islamic (swap-free) accounts. However, here too, the firm has turned service conditions into a mystery. Users will find out about the commissions that will replace swaps during real trading.

Is Chronovalor Trustworthy and Reliable?

We have already outlined almost the entire portrait of a scam broker. To complete it, we need a couple of final touches — checking the official information about Chronovalor.

Assessing Legitimacy

The founders, perhaps due to their inherent modesty, haven’t disclosed any information about the legal registration of the company, license numbers, or the regulators that issued them (we have already mentioned this). We’ll have to try to find this information ourselves. We know the address and phone numbers of the office in the UK and can assume that the company is registered here.

However, there’s no information about Chronovalor in the records of the UK Companies House. This means that there is no officially registered entity in the project at all. Naturally, no regulator would issue licenses to a virtual organization. Legitimate projects with legal entities, as well as official liquidity providers and quote providers, don’t collaborate with projects without legal entities. It turns out that the fake broker is only simulating trading, attracting clients, and illegally accepting money from them.

Established Track Record

Finally, let’s address the question that was discussed at the beginning of the review — the time the project has been in existence. We know very well that scam platforms don’t survive in the online space for 10 years, as Chronovalor is trying to claim. Therefore, let’s look at more realistic data, such as the registration date of the domain in whois records.

We see exactly what we were trying to prove. The domain was registered on November 13, 2023, and at the moment of writing the review, the broker has been operating for just over a month.

Implications for Traders

Let’s look at the overall picture. Chronovalor is a CFD broker created just over a month ago. There’s no official registration, and there’s no license. Registration without a referral code isn’t possible. Trading conditions are unknown. Methods of depositing and withdrawing funds are also hidden. At the same time, the information on the official website is either unreliable or useless. It seems impossible to describe scammers more accurately. We certainly wouldn’t trust our money to such a platform. We don’t recommend that you do so, either.

Strengths and Weaknesses