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The company is a scam. Your fund cannot be withdrawn.
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.
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.
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.
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
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.
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
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.
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
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.
Note: Carrod Securities official site - https://www.carrodsecurities-ltd.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|Carrod Securities Review Summary in 10 Points|
|Registered Country/Region||United Kingdom|
|Market Instruments||forex currency pairs, oil, metals, and indices|
Founded in the UK, Carrod Securities is a leading independent broker in the trading of foreign exchange, contract for differences and spread game products. The company is registered in the UK and regulated by the American Futures Association (NFA), but the regulatory status is unauthorized.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
|• MT5 supported||• Unauthorized NFA license|
|• Unavailable website|
|• Reports of unable to withdraw|
|• Limited trading instruments|
|• Single account type|
|• High minimum deposit|
|• No info on commissions|
|• Limited info on deposits & withdrawals|
|• Only email support|
There are many alternative brokers to Carrod Securities depending on the specific needs and preferences of the trader. Some popular options include:
UFX - offers a user-friendly trading experience and a wide range of educational resources, making it suitable for traders who value comprehensive support and educational materials.
Z.com Trade - provides a reliable trading environment with competitive spreads and access to multiple trading platforms, making it a good choice for traders looking for a trusted broker with diverse trading options.
AETOS - offers a range of trading products, competitive spreads, and a strong regulatory framework, making it a reputable option for traders seeking a secure and well-regulated trading environment.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information you provided, the fact that Carrod Securities is unregulated and has an unauthorized United States National Futures Association (NFA, License No. 0541770) license raises concerns about the legitimacy and safety of the company. Additionally, the unavailability of their website and complaints regarding withdrawal issues further add to the potential risks involved. It is recommended to seek alternative regulated brokers that provide transparent and secure trading environments to ensure the safety of investments.
Carrod Securities offers a range of tradable financial instruments to cater to the diverse needs of investors. Their selection includes forex currency pairs, allowing traders to engage in the dynamic foreign exchange market. Additionally, Carrod Securities provides opportunities for trading in commodities such as oil and metals, enabling investors to participate in the movements of these key markets.
Furthermore, they offer indices, allowing traders to speculate on the performance of stock market indices from around the world. By offering this variety of market instruments, Carrod Securities aims to provide investors with diverse options for capitalizing on various financial markets and potentially diversifying their investment portfolios.
Carrod Securities offers a single Standard account type, designed to cater to a wide range of traders, including beginners. With a minimum deposit requirement of $1,000, the account provides access to the trading platform and various market instruments. The minimum trade size of 0.01 lot allows for smaller position sizes, accommodating traders who prefer to start with lower trade volumes.
Carrod Securities offers a maximum trading leverage of up to 1:400. Leverage is a powerful tool that allows traders to amplify their trading positions and potentially increase their profits. With a leverage ratio of 1:400, traders can control larger positions in the market with a relatively smaller amount of capital.
However, it's important to note that while leverage can enhance potential gains, it also magnifies potential losses. Traders should exercise caution and have a clear understanding of the risks involved when trading with high leverage.
Carrod Securities offers competitive spreads on various currency pairs. The spread on the popular EUR/USD pair ranges from 0.8 pips to 1.2 pips, indicating relatively tight pricing. Other major currency pairs like 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. It's worth noting that spreads can vary depending on market conditions and liquidity.
However, there is no specific information available regarding commissions charged by Carrod Securities for trading. Traders should consider the spread as the primary cost of trading when evaluating their potential profitability. While a low spread can be beneficial for traders, it's important to also consider other factors such as execution speed, platform reliability, and overall trading conditions when choosing a broker.
Below is a comparison table about spreads and commissions charged by different brokers:
|Carrod Securities||0.8-1.2 pips||Not specified|
|UFX||2-4 pips||No commissions|
|Z.com Trade||0.8 pips||No commissions|
|AETOS||0.8-2.5 pips||No commissions|
Please note that the spread and commission values provided are approximate and may vary depending on market conditions and account type. It is recommended to visit the respective broker's official website or contact their customer support for the most up-to-date and accurate information regarding spreads and commissions.
Carrod Securities provides traders with the popular MetaTrader 5 (MT5) trading platform, which is available for PC, iPhone, and Android devices. The MT5 platform is known for its advanced features and functionality, making it a versatile and powerful tool for traders. With MT5, traders can access a wide range of financial instruments, execute trades, analyze market trends, and utilize various technical indicators and charting tools.
The platform offers a user-friendly interface and customizable features, allowing traders to personalize their trading experience according to their preferences. Additionally, MT5 supports automated trading through the use of Expert Advisors (EAs), enabling traders to automate their trading strategies and execute trades based on predefined rules.
Overall, the MT5 platform offered by Carrod Securities provides traders with a robust and comprehensive trading environment to effectively manage their trades and make informed trading decisions. See the trading platform comparison table below:
|Carrod Securities||MT5 (PC, iPhone, Android)|
|UFX||UFX Trader (WebTrader, MobileTrader)|
|Z.com Trade||MT4, MT5 (PC, WebTrader, Mobile)|
|AETOS||MT4 (PC, Mac, Mobile)|
Please note that the trading platforms mentioned above are commonly offered by the respective brokers, but the availability of specific platforms may vary depending on the account type or region. It is recommended to visit the official websites of the brokers for detailed information about their trading platforms.
Carrod Securities offers a range of deposit and withdrawal options to facilitate convenient and secure transactions for its clients. The available methods include UnionPay, USDT, and other unspecified options. However, no more specific information can be found.
|Carrod Securities||Most other|
Carrod Securities has limited customer support options, which may be a drawback for traders seeking immediate assistance or real-time communication. The only available contact method is through email at firstname.lastname@example.org. However, the absence of phone support or live chat channels means that clients may experience delays in receiving responses or resolving urgent issues.
|N/A||• No 24/7 customer support|
|• No phone or live chat support|
|• Limited communication channels|
|• Lack of real-time interaction with support team|
|• Potential delays in response time|
Please note that the pros and cons listed above are general observations and may vary based on individual experiences and specific circumstances.
On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the available information, Carrod Securities raises several red flags that make it a questionable choice for traders. The company operates without proper regulation, and there are numerous complaints regarding withdrawal difficulties. The lack of transparency and limited customer support options further add to the concerns.
It is advisable for traders to exercise caution and consider alternative regulated brokers that prioritize customer safety and provide reliable services. Investing with an unregulated and potentially unreliable platform like Carrod Securities carries significant risks, and it is crucial to prioritize the security of funds and the overall trading experience.
|Q 1:||Is Carrod Securities regulated？|
|A 1:||No. Their United States National Futures Association (NFA, License No. 0541770) is unauthorized.|
|Q 2:||Does Carrod Securities offer the industry leading MT4 & MT5？|
|A 2:||Yes. It supports MT5.|
|Q 3:||What is the minimum deposit for Carrod Securities？|
|A 3:||The minimum initial deposit to open an account is $1,000.|
|Q 4:||Is Carrod Securities a good broker for beginners？|
|A 4:||No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and too high initial deposit requirement.|
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