Review summary
Carrod Securities Co Ltd, an entity registered in the United Kingdom and operating for 5-10 years, exhibits a profile of significant concern for traders. The broker currently operates without any valid, authoritative forex trading licenses from recognized regulators, placing client funds outside established financial protection schemes. Trading conditions include a $1000 minimum deposit for its Standard Account, which offers leverage up to 1:400, supports scalping and Expert Advisors (EAs), and operates on the MetaTrader 5 platform. According to WikiFX data, publicly available reports consistently highlight severe issues regarding withdrawal difficulties, with traders reporting being asked for unexpected taxes or additional deposits to process fund returns. The entity's overall WikiFX Score of 1.51 reflects an exceptionally high-risk operational profile. Consequently, engagement with this broker carries substantial financial hazard due to the complete absence of regulatory oversight and a documented pattern of client fund access problems. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-05)
FX3644828492
United States
I met this guy on Wechat, he claimed he is a shareholder of red wine business and IT company and and he was chatting with me and he introduced me to this broker and said that he can help me making some good money. He kept asking me to deposit more money to make profit, but later realized they asked for tax payment before I can withdraw. the guy insisted that he helped me with payment, but later found they frozen my whole account and block me from contacting them. the pic is the guy who was chatting with me and the email sent out to me by the scam broker.Please DO NOT TRUST THIS BROKER OR ANYONE TRYING TO GET YOU ON THERE. i will report this to the local police and the NFA and Forexmilitaryarmy.
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FX1273893385
Canada
I decided to withdraw money from earns the blocker to decide to block all access they have blocked access to their customer service and no longer respond to messages because he asks me to make a deposit of $ 10,000 to withdraw the funds. They never let you withdraw and block all access.
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Connie 08
United States
Hi, i sign up this broker on Dec 28 2021 after make couple times deposti and winning. i tried to Withdraw but the broker ask me to pay tax which red flag scam.. till now I can't withdraw my money. please help me. also block this company by looking on the ETH wallet this company stilling a lot people money. this the ETH wallet money 0x1e6c65534cf4ec17816eb3b9549d7197de54f07b when I check on blockchain this wallet have a lot transfer money. look like money laundry.
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FX1949009985
Indonesia
hello I start sign up on 01/16/2022 start chat with Carrod 0n -- the broker gave me the crypto wallet address to make deposit. I deposited with USDC coin $1.074 I installed MT5 account and add the Carrod live account. After see profit I start made big deposit $12.599with USDT coins. On 01/18/2022 I tried withdraw $100 from Carrodsecurities and go thru to my wallet. I start suspicion with this broker so I deside to trying again withdraw $1000. But the money never go to my wallet till now.
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FX1949009985
Indonesia
I can't withdraw my funds and was told to wait 3 days but still not sure. My total funds are $13,673. Please help, thank you
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Connie 08
United States
I sign up with this company on 12/28/2021 and 01/20/22 want to withdraw my capital. the broker said have to pay the tax for my profit.
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Connie 08
United States
I sign up this company on Dec 28 2021 and Jan 20 2022 try to withdraw my money Carrod asking me to pay tax. big scam
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Connie 08
United States
i start sign up with Carrod on Dec 28 2021 start with small deporit thru cyrpto because they are said only can ceposit with crypto wallet address this the scamer wallet address for USDT 0x1e6c65534cf4ec17816eb3b9549d7197de54f07b i check this wallet address on blockchain. please help me to stop or block this company so others people wont get scam on this company. thanks
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FX3324306429
United States
The company is a scam. Your fund cannot be withdrawn.
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窩窩
Taiwan
Unable to withdraw. Scams. It asked me to make up the difference. I did as it required but it was not enough. I was angry about it.
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