CloexCapital review – Is scam or safe?

CloexCapital review – Is scam or safe? Key Facts

🔴 fraudulently claims to be CIMA regulated. Red flag!

🔴 doesn’t fully disclose important information about themselves. Red flag!

🔴 is a highly unpopular website. Disturbing sign! registration, license and regulation is a clone attempt because as soon as you click on the Contact Us page, it redirects to some broken version of Vantage FX website. Also at their Home Page, there isn’t a single piece of information about the company running this business. The research for licenses is pointless from thereon. We confirm doesn’t have a valid license to act as a Forex broker, so it’s a fraudulent entity cloning a genuine company. We recommend traders and investors avoid shady brokers like this one and trade with duly authorised companies complying with the countries’ financial regulations.

Each broker presented in US have to be an NFA member and registered with CFTC.

The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.

The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting. address and contacts doesn’t reveal their address and contact number to the public, showing they have something to hide. The refusal to disclose their basic corporate information is a warning sign and evidence of a scam. Traders and investors should stay away from secretive businesses like this one. website information is a domain name registered byWeb4Africa Inc on 20.07.2020 with a German IP address: It’s 6 months old website, and that certainly proves their claims to be “Best Forex broker” false. We have to note more evidence of scam here. ranks at number 3,931,294 in, so it’s highly unpopular a website. It means there are too few people who trust this broker, so beware.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

Share your experience with CloexCapital and get help to recover your deposit

Your email address will not be published. Required fields are marked *