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No valid regulatory information, please be aware of the risk!
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.
General Information & Regulation
|Market Instrument||Forex, stocks, goods and cryptocurrencies|
|Spread (EUR/SUD)||Around 1.4 pips|
|Trading Platform||MT5 for PC, iPhone and Android|
|Deposit & Withdrawal Method||Ethereum, Tether, TRON and Help2Pay|
CLG STOCKS presents itself as a provider of online Forex and CFDs trading registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads on the MT5 trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that CLG STOCKS currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.15/10. Please be aware of the risk.
CLG STOCKS advertises that it offers access to a wide range of trading instruments in financial markets, including forex, stocks, goods and cryptocurrencies.
CLG STOCKS claims to offer demo and real accounts. And the minimum initial deposit is said to be $50.
The maximum offered by CLG STOCKS is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
CLG STOCKS offers quite standard spreads - around 1.4 pips on the benchmark EUR/USD pair. However, it is tested on the demo account - the one on the real one could be much different. As for the commission, the broker says that no commission fee is charged.
Trading Platform Available
The platform available for trading at CLG STOCKS is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for PC, iPhone and Android. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
CLG STOCKS accepts crypto deposits in Ethereum, Tether, and TRON, as well as deposits made via the electronic payment solution Help2Pay. The minimum initial deposit requirement is said to be $50.
Bonuses & Fees
CLG STOCKS charges certain fees that should be taken into account. After 90 days of no trading activity, you will be charged an inactivity fee of $15. What is more peculiar is that you will be charged an Incomplete Application Fee of $30 if you have not verified your account after 15 days of trading
Also, CLG STOCKS offers bonuses. The website claims that open an account and receive 30$ bonus, and the first deposit bonus is 50%. But it has not offered a Bonus Policy.
CLG STOCKS‘ customer support can be reached by email: email@example.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
|• Demo accounts available||• No regulation|
|• Low minimum deposit ($50)||• Inactivity Fee and Incomplete Application Fee charged|
|• MT5 supported|
Frequently Asked Questions (FAQs)
|Q 1:||Is CLG STOCKS regulated？|
|A 1:||No. It has been verified that CLG STOCKS currently has no valid regulation.|
|Q 2:||Does CLG STOCKS offer demo accounts？|
|Q 3:||Does CLG STOCKS offer the industry-standard MT4 & MT5？|
|A 3:||Yes. CLG STOCKS offers the MT5 for PC, iPhone and Android.|
|Q 4:||What is the minimum deposit for CLG STOCKS？|
|A 4:||The minimum initial deposit at CLG STOCKS is said to be $50.|
|Q 5:||Does CLG STOCKS charge a fee？|
|A 5:||Like every forex broker, CLG STOCKS charges a spread fee. It also charges an Inactivity Fee and an Incomplete Application Fee.|
|Q 6:||Is CLG STOCKS a good broker for beginners？|
|A 6:||No. CLG STOCKS is not a good choice for beginners. Although it offers demo accounts on the MT5 platform, it lacks legitimate regulation and charges various fees.|
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