Clearinggold Review: Warning! Avoid this Unregulated Platform

Clearinggold is a forex broker that has been in the market for less than six months. Such a young company has no merit in calling itself the best forex broker in the market. Nonetheless, we are going to give this company a fair review and see whether it is a trustworthy operation.

Most forex brokers take years to perfect their platform to offer the best services. That is why we believe that this company is not among the best legitimate forex brokers in the market. Moreover, Clearinggold is one of the shadiest companies in the market.

For starters, the level of transparency here is abysmal. Additionally, the people behind this company are operating illegally. This company has nothing good to offer you. Stay away from these people, as they are only looking to steal your funds.

Ensure you do enough research before investing your money. That is the best way to avoid handing over your funds to scammers like these. There are too many fraudulent operations pretending to be legitimate companies.

For your peace of mind, only invest in companies that have a proven and impressive track record. Only use the best legitimate forex brokers in the market. Such companies will never compromise on your funds’ safety.

Clearinggold.com Review

Clearinggold.com is one of the least informing websites that exist. The information on the website is all over the place and has no value to investors. Professional developers will always ensure they inform clients exactly what they get from a platform. Here, there are too many gaps in the information provided.

This is why we doubt that these people are professionals who know what they are doing. They want you to invest your money without giving you enough information. That is a common characteristic of illegitimate companies.

Further, the company presents clients with a MetaTrader 5 trading platform for their operations. MetaTrader 5 is one of the most popular trading platforms among seasoned traders. It is always advisable to invest in companies offering such popular platforms.

However, this is a different case. The developers of Clearinggold are only using this platform to attract customers. Otherwise, they would exhibit more professionalism in other areas. Additionally, they offer a variety of assets to trade on the platform.

Clients can trade currency pairs, precious metals, commodities, and stocks on Clearinggold. This is normally a good thing. It allows traders to spread their risk of investment across different assets. However, here this is just another marketing tool.

Customer Support

One of the things Clearinggold promises to clients is world-class customer support. They even have it on their Why Choose Us page. They promise to provide a friendly and energetic customer service team.

However, this company has one of the poorest customer support systems we have ever seen. There are only two ways to contact the support team. First, you can email them at info@clearinggold.com. The other way to reach the team is by filling out a contact form on the website. That is it.

Even worse, the company does not say how long customer support takes to respond to customer queries. Therefore, there is no guarantee that these people will respond to any messages. Customer support is a basic service that every company should provide. If a company does not have a reliable system, then you should not invest your money.

Clearinggold Deposit and Withdrawals

Interestingly, Clearinggold.com does not reveal the payment options that it supports. The company leaves this information to clients to figure out. This is a complete joke. No serious company will ever leave out such information.

This is probably how they are able to scam people. After you send them your money, they pretend they never received it and disappear. They will then distance themselves from any liability and blame you. You should never trust such a shady company. There is too much to lose than there is to gain.

Ensure you only invest in companies that support popular payment options. Additionally, ensure you use payment options that allow you to track and recover your funds. That is the best way to stay safe in the markets.

Founders and Physical Location

One theme that stands out in this company is the lack of information. When looking for the founders on the website, we found more red flags. The founders did not care enough to introduce themselves to the public. They are running this company completely in the shadows.

There are too many risks involved in investing in mysterious people on the Internet. You are better off knowing the background of the people handling your funds. You need to ask yourself why these people are concealing their identities. The answer to that question is very simple. They do not want the law to track them down.

Even worse, we have no idea where this company operates. Clearinggold does not tell people the address of their headquarters. This further shows that they are hiding from the law. The only clue we have is in the Terms and Conditions. The company claims to abide by the laws of New Zealand.

However, even with that, we have no idea where in New Zealand this company is. Moreover, we are sure that these people are operating in New Zealand illegally. Any company that hides such critical information is a scam. You should not trust anything they tell you.

Clearinggold Regulation and Fund Safety

The regulatory status of a company says everything you need to know about funds’ safety. Any unregulated company cannot assure you that your funds will be safe. This is because there is no guarantee that they have the right banking setup to protect you against losing your entire investment.

We have to insist that we have no idea where this company operates. The only assumption is that they are in New Zealand. The regulatory body tasked with overseeing forex brokers in New Zealand is the Financial Markets Authority. However, we searched all New Zealand registries and did not find any records for Clearinggold. There are no registration details nor regulatory information.

Therefore, this company is offering financial services illegally. Run while you still can. When the law shuts them down, many investors will go down with them. Do not be one of them.

Moreover, this means that the company cannot assure you of your funds’ safety. They may not have the right requirements to protect your funds. Even worse, there is no evidence of systems’ protection. This means that hackers can easily break into the systems and steal your funds and data. There is just too much at stake here.

Final Verdict

Clearinggold is yet another one of the many scams in the market. The people behind this company have totally disregarded the law. They are offering financial services without regulations. That is a criminal offense in most jurisdictions.

Additionally, they are operating with no transparency whatsoever. The website does not introduce us to any of the founders or team members. Further, the information on the website is very shallow. It does not help investors make their purchasing decision.

There are better companies that will offer you better services. Invest only in the best legitimate forex brokers in the market. Such companies have a proven track record, and they have regulations. Moreover, they operate with complete transparency.

 

Tags: Clearinggold Scam Review, Clearinggold.com Review