Common Financial Service License
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National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
Current Status:General Registration
License Type:Common Financial Service License
Regulated in Country/AreaUnited States
Regulatory License No.：0541770
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :Annex1
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General Information & Regulation
Founded in the UK, Carrod Securities Co Ltd is a leading independent broker in the trading of foreign exchange, contract for differences and spread game products. Carrod Securities Co Ltd is registered in the UK and regulated by the American Futures Association (NFA), NFA ID: 0541770.
Tradable financial instruments offered by Carrod Securities Co Ltd include forex currency pairs, oil, metals, and indices.
Winter time: Monday 7 a.m. - Saturday 5 a.m. summer time: Monday 6 a.m. - Saturday 4 a.m. what leverage level can my account choose？ Free choice of 100-400 times.
Minimum Trade Size
The minimum trade size allowed by Carrod Securities is 0.01 lot, friendly to beginners.
In terms of minimum initial deposit, Carrod Securities requires $1000 to start a real account, which is absurdly high. Most brokers only ask traders to fund $100 to open an account.
The maximum trading leverage offered by Carrod Securities is up to 1:400, relatively high. Inexperienced traders are not advised to use too high leverage, as leverage can amplify gains as well as losses.
Spreads & Commissions
In terms of spreads and commissions, the spread on the EURUSD pair is varying from 0.8 pips to 1.2 pips, AUD/USD 1.0-1.4 pips, EUR/GBP 1.2-1.5 pips, USD/CHF 1.1-1.6 pips, GBP/USD 1.2 -1.8 pips.
Trading Platform Available
Carrod Securities offers its trader MT5 trading platform, available in PC, IPhone, and Android. Whether you are an expert or a novice, the MetaTrader5 platform is well suited to your level and trading strategy. The platform provides advanced technical analysis tools, automated trading functions (EA) and mobile applications, and is used by millions of traders around the world.
Deposit & Withdrawal
Carrod Securities claims that cash in and out supports UnionPay, usdt and other ways of deposit, which can be deposited at any time.
Carrod Securities offers a poor customer support, and they can be only reached through e-mail: firstname.lastname@example.org. No phone call or live chat is available.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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