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ritzyshona
Within 1 year

Would you consider CLC to be a reliable and trustworthy broker for trading?

Broker Issues
CLC
Regulation
01-12
United States
WikiFX
Reply

As an experienced trader, I approach platforms like CLC with considerable caution. While CLC presents itself as a Hong Kong-based investment firm regulated by the Securities and Futures Commission (SFC) and offers a variety of financial services, my due diligence raised several red flags. One primary concern is the regulatory ambiguity—CLC’s SFC licenses have in some areas been revoked or are in a suspicious state, such as for futures and corporate finance, which complicates the picture of current regulatory protection. In my experience, clear and up-to-date regulatory standing is crucial for client safety. Moreover, I noticed a pattern of negative user reports regarding withdrawal issues, alleged scams, and even police investigations. For me, easy and reliable fund withdrawals are non-negotiable; persistent complaints from multiple sources about inaccessibility or extra hurdles to access funds strongly undermine trust. The lack of transparency around key information like account types, spreads, deposit and withdrawal processes only deepens these concerns. While CLC claims to offer a disciplined, research-driven approach and some useful trading platforms, these positives don’t outweigh the risk factors I’ve seen. Given the documented regulatory issues and user warnings, I would not consider CLC a reliable or trustworthy broker for trading at this time. My advice is always to prioritize safety, transparency, and regulatory clarity when considering any broker.

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