Clyde Trade Broker Review

Clyde Trade Broker Review – Facts About ClydeTrade.co Trading Scam

Even if we ignore that Clyde Trade is an unregulated and offshore broker, we still have several regulatory warnings against it. When we encounter a blacklisted trading firm, it is often shady and unscrupulous.

In this honest review, let’s explore why regulators and investors have negative things to say about Clyde Trade.

Please read our recent updates to our Palo Traders, Finexo, and InvestFW broker reviews before continuing. Your nerves, time, and money will be saved!

1. Scam Broker Status: Offshore
2. Regulated by: Unlicensed company / not regulated
3. Websites of scammers: ClydeTrade.co / ClydeTrade.pro
4. Operational Status: Active Forex Trading Scam
5. Blacklisted by: CNMV, CONSOB, FSMA
6. Tetris Group Ltd. is the broker’s owner.
7. The Commonwealth of Dominica is the country of headquarters.
8. The year of foundation is 2021
9. WebTrader is an online trading platform.
10. Trading on mobile devices is possible.
11. $250 is the minimum deposit.
12. Bonuses on deposits: None
13. It is not possible to trade crypto assets.
14. Trading CFDs is an option: Yes, you can trade CFDs
15. The following instruments are available for trading: Forex (FX) / Commodities / Indices / Shares
16. Leverage maximum: 1:300
17. It is not possible to open an Islamic account.
18. Demo Accounts are not free, and only live accounts are available.
19. Does not accept US clients: The company does not accept US traders.
20. Experts’ Verdict: Stay away from this scam broker!

Clyde Trade Regulation – No Regulatory Oversight

As part of Tetris Group Ltd, Clyde Trade forex broker is based in the Commonwealth of Dominica. Our suspicions about Clyde Trade’s regulation were prompted by this country’s reputation for sheltering illicit trading firms.

It has been revealed that the broker and the company behind it are not licensed or registered in Dominica.

Further, we found no evidence of illegal activity with the FCA, ASIC, BaFin, and other Tier1 regulators.

What’s Wrong With A Trading License? 

The license is required for companies that want to provide financial services in the EEA zone, USA, Canada, or other countries. As a result of this license, the brokerage has a compensation fund in case of withdrawal difficulties.

The license is not applied for by many new companies, including broker Clyde Trade. Instead of providing financial services, they close the website after too many warnings and disappear.

Additionally, we recommend staying away from unregulated brokers like Nitro Capitals, Tesler, and AlpsMarkets. Don’t invest your money in them without thinking twice!

Regulatory Warning Against ClydeTrade Fraud

Some regulators have received complaints about ClydeTrade and have added the brokerage to their blacklists. The spanish regulator, Comision Nacional Del Mercado De Valores, was the first to do so.

Warning Issued by Spanish CNMV

Due to the broker’s lack of registration and authorization, CNMV warned clients about the Clyde Trade trading scam.

In response to the CNMV’s public statement, the Italian CONSOB and Belgian FSMA reissued the same warning.

Where Is Clyde Trade Trading Scam Active?

The scam has been reported in numerous ClydeTrade reviews to be active mainly in the following areas:

• Italy
• Bulgaria
• Romania
• UK

We’ve also received comments from Singapore, Scandinavian countries, and Australia. Keep your distance from this investment firm, as it is a scam.

Are you a victim of Clyde Trade Broker’s scam? – Talk To Our Recovery Experts

Our team at Global Fraud Protection is here to help those who the Clyde Trade scam has scammed. Also, we may be able to help you get your money back with our specialists experienced in all kinds of trading scams.