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Score

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/10

CLS

United Kingdom|2-5 years|
High potential risk|

https://www.cls-group.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

United States 6.11

Surpassed 58.35% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0)207 971 5700
https://www.cls-group.com/
http://twitter.com/clsgroup
http://www.linkedin.com/company/cls-bank

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0)207 971 5700

Broker Information

More

Company Name

CLS

Company Abbreviation

CLS

Platform registered country and region

United Kingdom

Company website
Twitter
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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CLS · Company Summary

CLS Review Summary
Registered Country/Region United Kingdom
Regulation No Regulation
Products Settlement, Processing, Data
Demo Account Unavailable
Customer Support Phone Number: (London) +44 (0)207 971 5700, (New York) +1 212 943 2290, (New Jersey) +1 732 321 8100, (Tokyo) +81 3 3517 2795, (Hong Kong) +852 3520 6000
Contact form

What is CLS?

CLS is an unregulated trading platform headquartered in the United Kingdom, providing clients with access to a diverse range of products spanning multiple asset classes, including Settlement, Processing, and Data services. In addition to its comprehensive suite of offerings, the platform ensures customer support accessibility through various channels, enhancing convenience for users.

CLS's homepage

Pros & Cons

Pros Cons
  • Access to Diverse Products
  • No Regulation
  • Multiple Customer Support Channels

Pros:

  • Access to Diverse Products: CLS offers a wide range of products across different asset classes, providing clients with opportunities to diversify their investment portfolios.

  • Multiple Customer Support Channels: CLS provides various customer support channels including phone and contact form, enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is CLS Safe or Scam?

CLS currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Products

CLS offers a comprehensive range of products across settlement, processing, and data management, catering to the diverse needs of financial markets globally. From facilitating secure and timely settlement of transactions to streamlining operational processes and providing valuable market insights, CLS's innovative solutions empower market participants to enhance efficiency, reduce risk, and make informed decisions.

Products

Customer Service

CLS provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: (London) +44 (0)207 971 5700, (New York) +1 212 943 2290, (New Jersey) +1 732 321 8100, (Tokyo) +81 3 3517 2795, (Hong Kong) +852 3520 6000

  • Contact form

contact form

Conclusion

In conclusion, CLS offers an extensive range of products and a comprehensive and accessible customer support network, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1: Is CLS regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does CLS offer demo accounts?
Answer 2: No.
Question 3: What products does CLS offer?
Answer 3: CLS provides a comprehensive suite of products across settlement, processing, and data management.
Question 4: Is CLS a good broker for beginners?
Answer 4: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

CLS Group's FX ADV in March 2022 surpassed $2 trillion

NewsCLS Group's FX ADV in March 2022 surpassed $2 trillion

2022-04-21 11:23

The CLS Group, a prominent forex market settlement provider, has released trade numbers for March 2022, revealing aa considerable rise in demand for all trading products.

WikiFX
2022-04-21 11:23
News
CLS Group's FX ADV in March 2022 surpassed $2 trillion

User Reviews

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王双
more than one year
CLS is a mess. Their fees are a mystery and their customer service is clueless. I have no idea why they keep hitting me up to invest with them. It's like they're just looking for anyone with a wallet to throw money their way. Total waste of time, if you ask me. Of course, I won't recommend this platform.
2023-03-28 10:24
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