Is Clickfxm Legit or A Scam Broker?

Are you considering trading with Clickfxm? Before you invest any money, it’s crucial to read this Clickfxm broker review. Our investigation reveals several red flags that strongly suggest this broker is a scam broker review.

Here’s why we believe this broker is a scam broker review:

• No Regulation: This broker operates without any regulatory oversight. This means they are not accountable to any financial authority, raising serious concerns about transparency, security, and adherence to fair trading practices. A legitimate broker will always be licensed by a reputable regulatory body.
• Dead Website: Its official website is currently non-functional. This lack of a functioning website makes it difficult to access important information about trading conditions, fees, and customer support options.
• Lack of Information: There’s a critical lack of transparency regarding its operations. Details about account types, spreads, leverage, minimum deposits, and even the instruments they offer are not readily available. This secrecy is a major red flag for potential investors.
• Negative User Reviews: While we couldn’t locate a significant number of reviews, the ones found online are overwhelmingly negative. Users report difficulties withdrawing funds and unresponsive customer support, further fueling concerns about its legitimacy.

We strongly advise against using this broker for your trading activities. If you suspect you’ve been scammed by this broker, organizations like Broker Complaint Alert can offer free consultations and recovery service recommendations.

What is Clickfxm?

Clickfxm claims to be a United Kingdom-based broker. However, due to the lack of regulatory oversight, it’s impossible to verify their legitimacy.

Clickfxm Details

As you can see, the table reveals a complete lack of transparency regarding Clickfxm’s offerings.

Deposits and Withdrawals

There is no information available about Clickfxm’s deposit and withdrawal methods, fees, or processing times. This lack of transparency makes it impossible to assess the ease and security of managing your funds with Clickfxm.

If you have lost money to companies like BCITQH; or CycCoins; please report it to us on our Report a Scam form.

Account Types

Clickfxm doesn’t disclose any information about the types of trading accounts they offer.

Red Flags and Warning Signs

The following red flags should raise serious concerns about Clickfxm’s legitimacy:

• No regulation: This is the biggest red flag. Without regulatory oversight, there’s no guarantee of fair trading practices or the security of your funds.
• Dead website: A non-functional website makes it difficult to access crucial information and raises questions about the broker’s commitment to customer service.
• Lack of information: The complete lack of transparency regarding trading conditions, fees, and account types is a major red flag.
• Negative user reviews: While limited, negative user reviews raise concerns about Clickfxm’s customer service and potential withdrawal issues.

Customer Complaints and Negative Reviews Online

While the number of reviews found online is limited, they are overwhelmingly negative. Users report difficulties withdrawing funds and unresponsive customer support. It’s important to consider these negative experiences before trusting Clickfxm with your money.

Clickfxm Alternative Brokers

There are numerous reputable and regulated brokers available. Look for brokers licensed by top-tier regulators like the FCA (Financial Conduct Authority) or CySEC (Cyprus Securities and Exchange Commission). These regulatory bodies enforce strict rules to protect investor funds and ensure fair trading practices.