Clubfx positions itself as a broker serving retail and institutional clients. Traders can trade on the Forex and CFD market “at the highest level” – for quality service, the intermediary offers expert support, training and analytics. <! – more ->
But some users argue that Clubfx is a cheat and trading on this platform will definitely result in a loss of funds. Whom to believe?
Characteristics of the Clubfx project and documents
Clubfx’s official website is a gimmick one-page page that, according to the crooks, has the most necessary information. In fact, the situation is different – the swindlers do not say a word about their sharashka, omitting the date of foundation, legal registration and the availability of licenses.
The broker, by the way, has a twin brother – if our hero of the review has the prefix “White”, then the second variation is called “Blue” and is focused on standard trading with commissions. When both sites went live is unknown; the domain has existed since 1997, but changed owners several times and was empty. Nothing is known about the broker’s legal documents.
Trading on the Clubfx platform and trading accounts
A one-page site can in principle provide a minimal amount of information, and as Clubfx’s content review has shown, this is just such a case. The trading platform is said in one phrase – the MT4 terminal is offered here to make money on the financial markets. Where it can be downloaded, what advantages it has, the crooks are silent.
The user can choose to open an account one of three available, but a detailed description of each of them is not presented anywhere. External sources state that the minimum deposit is $ 5, the maximum leverage is 1: 1000 and spreads start at 0.01 pips.
Account registration, deposits and withdrawals
To register, the user will have to provide all personal information, after which more will be known about the client than about the crooks themselves. The trader must send to the office the address of residence, contact details and other information.
Nowhere is it said about how to withdraw funds from Clubfx, and this is also alarming. Fraudsters use general phrases to explain that the withdrawal here is “fast”, but they do not specify what payment methods are offered.
Why can’t you trust Clubfx broker? Main disadvantages
Why does it immediately focus on shortcomings? Because Clubfx simply has no advantages. A cheap one-page website with no information is not the only thing that should prompt a trader to choose another broker:
- offshore registration – the Terms and Conditions state that the sharashka is registered in Saint Vincent and the Grenadines, the place where every second scam is registered;
- lack of licenses and contact details – the only way to contact Clubfx is via e-mail, so it’s hard to call the scam “honest and transparent”;
- vague trading conditions and lack of trading tools – an outdated terminal will not be able to satisfy all trader’s requests.
User reviews of the broker and the results of the review
There are practically no reviews on the network about Clubfx – it seems that it has been working for a very short time. Mostly traders leave negative comments, and this is not surprising.
There is no doubt that Clubfx is a scam. Real brokers publish financial statements, disclose information and leave many contacts for communication.
