Suspected of fraudCanyonTrust Markets
1Year
Basic Information
Country
AmericaMarket Type
foreign exchangeEnterprise Type
BrokerageService
Provide trading services for a variety of financial products such as foreign exchange (Forex), contracts for difference (CFD), stocks, commodities, indices, etc.Support Languages
Chinese, EnglishDomain Registration Date
2024-09-18Business Status
Suspected of fraudCompany IntroductionWeb Analytics
Company Introduction
Canyon Trust Markets (also known as Canyon Trust Markets) claims to be a global broker specializing in foreign exchange, contracts for difference (CFDs), and crypto asset trading. Its marketing emphasizes selling points such as "high leverage," "low spreads," and "global service network," attempting to portray itself as a professional international trading platform.
However, an investigation revealed no public filings with major financial regulators, such as the UK's FCA, Australia's ASIC, Cyprus' CySEC, the US's CFTC, or Singapore's MAS. This fact is evident in multiple third-party broker assessments and blacklists. Canyon Trust also failed to provide reliable information regarding transparency, corporate structure, and capital background, raising serious questions.
From its overall characteristics, CanyonTrust Markets is more like a platform with beautiful packaging and strong promotion, but lacks internal compliance foundation and operational substance, and is likely to have serious financial and compliance risks.
🌐 Global layout and brand background
CanyonTrust Markets claims on its website and marketing materials that it serves multiple countries and regions worldwide, but its legal registrations in various regulatory bodies are difficult to find. Its so-called "global representative offices" and "branches" often fail to provide real addresses, license information, or publicly available information about responsible persons.
Furthermore, there's little visible capital or corporate backing behind its brands, leading to suspicions that they operate through offshore shell companies to circumvent regulation and accountability. User feedback suggests a significant disparity between its branding and its actual operations.
In the industry, platforms that create the illusion of "international formality" through appearance design and publicity, but actually lack supervision and transparency mechanisms, are often one of the standard strategies of black platforms.
💹 Trading Products and Services
Canyon Trust Markets' promotional materials showcase its diverse trading offerings, including foreign exchange currency pairs, commodities, indices, precious metals, and even cryptocurrencies. However, it does not publicly disclose its liquidity providers (LPs), clearing houses, transaction matching mechanisms, or third-party audit reports, making it difficult to verify the authenticity of its quotes and the transparency of its transactions.
User feedback has repeatedly revealed unusual slippage, delayed execution, and price fluctuations , often linked to internally controlled quotation systems or backend manipulation mechanisms. More seriously, some trade orders are rejected or forcibly liquidated after submission, leaving users unable to track their losses.
The withdrawal process is a major point of complaint: many users report that after submitting withdrawal applications, their withdrawals are delayed or denied by the platform under the guise of "compliance review," "handling fees," or "identity verification." This "difficulty in withdrawing funds" is a common tactic used by fraudulent platforms and a major risk indicator of funds being unable to flow out.
💻 Trading technology and platform experience
CanyonTrust Markets may tout its technology as supporting modern trading platforms, multi-terminal switching, or proprietary systems, but the actual user experience is often unsatisfactory. Numerous users have reported experiencing disconnections, delayed order placements, interface freezes, and account login failures during trading.
What is more serious is that some users said that their account balances and historical order data were modified for no reason or were inconsistent with actual transaction records. This accounting opacity seriously deviates from the basic operating principles of formal platforms.
Judging from this, Canyon Trust’s trading technology is more likely to be an internally controlled system or a supporting simulated quotation environment, rather than a trading architecture that truly connects to global financial markets or liquidity pools.
🛡️ Regulatory compliance and fund security
CanyonTrust Markets does not disclose any legal financial regulatory license numbers on its website, nor does it provide client fund segregation, custodial bank accounts, or investor protection mechanisms. This leaves it with little assurance of compliance and fund security.
According to third-party platforms like WikiBIT and WikiFX, Canyon (or similar brokers) are rated as high-risk entities with "unlicensed, extremely low scores." User funds are likely to be deposited directly into the platform's managed accounts, with no bank segregation or regulatory protection mechanisms to provide traceability.
The most common types of complaints from users are blocked withdrawals, frozen accounts, and lost contact with customer service. The platforms often refuse or delay returning funds in the name of various audits or procedures, and investors have no effective channels for recourse.
⚡ Trading conditions and user experience
CanyonTrust Markets often uses attractive terms like "low spreads," "high leverage," "zero commissions," and "ultra-fast execution" in its marketing. However, the actual delivery rate of these slogans is extremely low. User experience is plagued by widespread issues such as wide spread fluctuations, frequent slippage, order failures, and a high rate of order rejections.
Platforms typically offer simple deposit procedures and strong incentives, but they often impose numerous barriers to withdrawals, including identity verification, fees, and the need to submit additional documents. These barriers can even lead to lengthy delays or denials. Customer service rarely responds proactively to withdrawal disputes, often adopting an evasive attitude.
This "easy to deposit, difficult to withdraw" operating mode is a signature operating strategy of many black platforms. It is extremely difficult for investors who are deeply trapped in it to recover their funds.
🎓 Customer Support and Value-Added Services
CanyonTrust Markets' customer service system is extremely inadequate, offering only email and online contact options. There is no publicly available phone number, office address, or real-time customer service. User complaints frequently mention instances of delayed responses, perfunctory responses, and even complete disconnection.
The platform offers little in the way of substantive disclosures regarding education, market analysis, and trading support tools. Its so-called seminars, strategy courses, and market reports are mostly promotional, rather than genuinely valuable research support or investment guidance.
The platform tends to invest marketing in promotion rather than in building a customer service system, neglecting long-term user service and trust building.
⚠️ Risk Warning and Platform Positioning
CanyonTrust Markets' business logic, user feedback, and third-party platform ratings all consistently point to it as a high-risk and potentially fraudulent broker. Key risk factors include: lack of regulation, no custodial funds, a controllable trading system, significant withdrawal barriers, a lack of customer service, and heavy marketing.
CanyonTrust Markets does not meet the requirements for registration as a trusted trading platform. Deposited funds are likely to be frozen and difficult to recover, posing a high risk of loss. Investors are advised to avoid depositing or trading on this platform.
If you have already made financial transactions on this platform, please stop investing immediately, preserve all transaction or communication records with the platform, and consider initiating fund recovery procedures through banks/payment channels or legal channels.
🔍 Comprehensive analysis and conclusion
Based on currently available public information, user complaints, and third-party platform risk ratings, CanyonTrust Markets' overall credibility is extremely low, and it should be considered a highly suspicious or fraudulent platform. Its core value lies more in attracting money through publicity and image packaging than in providing authentic, secure, and regulated trading services.
Investors seeking a formal, legal, and secure trading environment should prioritize brokers with clear regulatory qualifications, transparent companies, sound client funds isolation mechanisms, and a good reputation, rather than being misled by CanyonTrust's visual packaging and marketing propaganda.
Selected Enterprise Evaluation
1.50
Total 3 commentsOur research confirms that CanyonTrust Markets is not regulated by any recognized financial authority. The broker hides its corporate ownership, offers no proof of fund segregation, and has been repeatedly accused of refusing withdrawals and altering client account balances. The platform’s fake “compliance checks” and fee requests are warning signs of an offshore fraud operation. Traders should avoid this broker entirely to protect their capital.
Reply
*I thought I was being smart when I invested in what looked like a professional trading platform. Everything was fine for the first few weeks—I even saw my supposed balance growing. But everything changed when I tried to withdraw—even a small amount. That’s when I realized I’d been conned. A colleague pointed me to Mrs. Nora. She walked me through the process patiently and explained every step. Within a few days, I was shocked to see the funds returned. She gave me a second chance when I thought it was all over.* 📧 bruce.nora254(@)gmail.com | 🌐 trazevault.org
Reply
Although CanyonTrust Markets presents a professional website and markets itself as a “global financial platform,” its operations are riddled with inconsistencies. No verified licenses, no transparency, and numerous user complaints about frozen accounts and missing funds show that it’s focused on collecting deposits rather than enabling genuine trading. This broker’s lack of accountability and customer service makes it highly unsafe for investors.
Reply
*My “trading profits” vanished when the scammers locked me out of my account. A desperate search led me to Mrs. Nora. She didn’t waste time—just asked for the facts and got to work. Less than two days later, she came through. It was the first relief I’d felt in weeks.* 📧 brucenora254(@)gmail.com | 🌐 trazevault.org
Reply
~ There's nothing more ~
About CanyonTrust Markets's questions
Ask:Is CanyonTrust Markets regulated by any financial regulator?
Answer:No. CanyonTrust Markets is not regulated by any major financial regulators, such as the UK's FCA, Australia's ASIC, Cyprus' CySEC, the US's NFA, or Canada's IIROC. Its official website does not provide any valid regulatory identification numbers, audit reports, or registration documents. Verification by third-party financial databases confirms that the platform is not under any legal regulatory framework and is considered an unregulated operation. This means that the platform's operations are not subject to legal constraints. In the event of a financial dispute or withdrawal issue, investors will not be able to obtain any protection or compensation through regulatory channels.
Ask:Why do investors generally complain about difficulty withdrawing funds from CanyonTrust Markets?
Answer:User feedback indicates that CanyonTrust Markets frequently creates artificial obstacles during the withdrawal process. For example, they demand additional fees such as "account unfreezing fees," "tax settlement fees," and "secondary identity verification deposits," or they delay processing for extended periods under the guise of "compliance review failure." Even after paying these fees, some users still don't receive their funds. This behavior is typical of fraudulent platforms: initially, investors are lured into frequent deposits, then later, they use technical means or excuses to prevent outflows. Platform customer service often loses contact or evades responsibility during the withdrawal process, making it difficult for investors to recover their principal and profits.
Ask:If I have already deposited funds with CanyonTrust Markets, how can I stop losses and protect my rights?
Answer:If you have already deposited funds with CanyonTrust Markets, you should immediately take the following actions: Cease all additional investments or trading operations. The platform's backend may manipulate quotes and profit and loss data through a "demo account." Preserve all evidence, including remittance receipts, transaction records, chat screenshots, customer service emails, website interfaces, etc., for subsequent investigation. Contact your bank or payment institution to request a chargeback. If your deposit was made via credit card, e-wallet, or bank transfer, initiate a refund appeal as soon as possible. Report the case to your local regulator or police cybercrime unit. Consult a professional anti-fraud and fund tracing agency for assistance. Never pay additional fees to the platform or so-called "fund recovery agencies." These secondary claim scams are often extensions of the original fraud ring.